Mortgage rates surge higher again, causing homebuyers to pull back
Mortgage rates are rising sharply again, causing mortgage demand to drop.
Lyft shares jump over 35%, retaining some gains after forecast error
The company said it had made a major error in a press release reporting its latest results, but nonetheless outperformed analyst estimates.
Biden is calling out corporations because ‘his administration is underwater with independents,’ Andrew Yang says
President Joe Biden called out snack companies on Super Bowl Sunday, asking them to put a stop to “shrinkflation.”
Waymo issues a voluntary recall on its self-driving vehicle software
In its first recall, Waymo said it updated its software to better predict a towed vehicle’s motion.
Jeff Bezos sells more than $2 billion in Amazon stock
The sales come a few days after he disclosed a separate sale of Amazon stock worth more than $2 billion.
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, alongside reporting fourth-quarter earnings.
Bitcoin money launderer Ian Freeman ordered to pay $3.5 million to romance scam victims
Ian Freeman has promoted the bitcoin cryptocurrency for years while hosting a radio show in New Hampshire with a libertarian theme.
Pilots got their payday. Now flights attendants are pushing airlines for higher wages
Flight attendants picketed around the U.S. Tuesday to demand higher pay and better working conditions.
Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
In the majority of Coke’s markets, shoppers were only paying about 3.5% more for their drinks than they were a year earlier.
Federal judge tosses lobbying group’s lawsuit challenging Medicare drug price negotiations
The decision is an early win for the Biden administration as it grapples with other legal challenges to the Inflation Reduction Act’s Medicare price talks.
