Category: Business

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Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation

The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.  » mehr lesen

Spirit Airlines Shareholders Reject Merger With Frontier

The decision could improve prospects for Spirit to reach a deal with JetBlue, a suitor it had previously rejected.  » mehr lesen

F.T.C. Sues to Block Meta’s Virtual Reality Deal as It Confronts Big Tech

The move is a potential blow to Meta’s metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals.  » mehr lesen

Senate Passes $280 Billion Industrial Policy Bill to Counter China

The bipartisan vote reflected a rare consensus in the otherwise polarized Congress in favor of investing federal resources into a broad industrial policy to counter China.  » mehr lesen

F.D.A. Tobacco Science Official Takes Job at Philip Morris

The agency official headed an office that plays a key role in deciding whether to approve e-cigarettes and other products aimed at reducing smoking.  » mehr lesen

Ford’s Quarterly Profit Is Up Nearly 20% From a Year Earlier

Overcoming the worst of a global chip shortage, the automaker sold more cars and trucks, and prices were higher.  » mehr lesen

Meta Reports First Revenue Decline and 36 Percent Profit Drop

It was the first time the social media giant’s revenue had fallen since it went public a decade ago, as it confronts increased regulatory scrutiny and a turbulent economy.  » mehr lesen

Fed Raises Rates by Three-Quarters of a Percentage Point

The central bank made its second consecutive increase of three-quarters of a point as it tries to combat the fastest pace of inflation in 40 years.  » mehr lesen

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