Fed’s Neel Kashkari isn’t sure if interest rates are high enough to stop inflation
Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the economy nor stimulating it, may have gone higher.
Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO
After firing CEO Dave Clark earlier this month, Flexport has removed its finance chief, and its head of human resources has resigned
60% of Americans are still living paycheck to paycheck as inflation hits workers’ wages
The number of Americans who say they are stretched thin has remained stubbornly high as inflation weighs on worker paychecks.
JPMorgan Chase settles Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 million
JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin Islands charities and the territory’s anti-trafficking efforts.
Mum’s the bad word: Most big Menendez donors won’t say if they will keep backing New Jersey senator
Sen. Bob Menendez faces a federal bribery indictment and calls by fellow Democrats to resign as he seeks reelection in 2024.
White House warns lengthy government shutdown may ‘substantially disrupt’ restart of student loan bills
The U.S. federal government could shut down at around the same time student loan payments restart. Here’s what borrowers can expect.
Apple’s Eddy Cue defends default search contract with Google as best option for consumers
Apple’s head of services testified in federal court Tuesday about the company’s agreement to make Google the default search engine on iPhones in the U.S.
Biden calls on Congress to fund government as Moody’s and Wells Fargo warn of shutdown effects
President Joe Biden asked Congress to avoid a government shutdown due to lack of funds. The U.S. credit rating and dollar could be affected otherwise.
Miami man pleads guilty to selling adulterated, misbranded HIV drugs across U.S.
The misbranded HIV drugs, which included Truvada and Biktarvy, were distributed to pharmacies across the U.S. and dispensed to unsuspecting patients.
FTC and 17 states sue Amazon on antitrust charges
The lawsuit is a major milestone for FTC Chair Lina Khan, who rose to prominence for her 2017 Yale Law Journal note, “Amazon’s Antitrust Paradox.”
