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The Fed, Staring Down Two Big Choices, Charts an Aggressive Path

Federal Reserve officials are barreling toward another three-quarter-point increase in November, and they may decide to do more next year.  » mehr lesen

U.S. to Release Millions More Barrels of Oil to Contain Gas Prices

The Department of Energy will release 15 million more barrels from the Strategic Petroleum Reserve and plans additional releases this winter.  » mehr lesen

Netflix Adds 2.4 Million Subscribers, Reversing a Decline

Netflix, which has about 223 million subscribers worldwide, will soon introduce a lower-priced service with ads in a bid to attract more customers.  » mehr lesen

Charles W. Duncan Jr., Energy Secretary in Oil Crisis, Is Dead at 96

Heir to a Houston coffee fortune and a former president of Coca-Cola, he joined President Jimmy Carter’s cabinet in 1979 as oil shortages roiled the nation.  » mehr lesen

Ralph DeNunzio, Wall Street Chieftain, Is Dead at 90

He was chairman of the New York Stock Exchange and rose to lead the venerable securities firm Kidder, Peabody, but stepped down after it was caught up in a 1980s insider-trading scandal....

Apollo Theater’s Longtime President Will Step Down

Jonelle Procope, who transformed the Harlem organization from a struggling nonprofit to an internationally recognized cultural center, will leave in June after two decades in the role.  » mehr lesen

Retailers’ Holiday Wish: That Cash-Strapped Shoppers Will Spend

Retailers have navigated pandemic closures and supply chain snarls in recent years. But dealing with the fallout from inflation could be an even tougher test.  » mehr lesen

Stocks Rise as Corporate Earnings Again Defy Expectations

Another batch of quarterly profits beat analyst expectations, but some warn that the rally could be short-lived, giving way to more selling.  » mehr lesen

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