An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool
DHAKA, Bangladesh — An appeals court in Bangladesh on Sunday granted bail to Nobel laureate Muhammad Yunus, who had been sentenced earlier to six months in prison for violating the country’s labor laws. The court also agreed to hear an appeal against his sentencing. Yunus who pioneered the use of microcredit to help impoverished people,…
LONDON — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in a message to…
SAN FRANCISCO — General Motors is facing a U.S. Justice Department investigation into a gruesome collision that critically injured a pedestrian and derailed its self-driving car ambitions. The Justice Department inquiry disclosed in a report Thursday is the latest twist in a debacle that began in October after a robotaxi operated by GM’s Cruise subsidiary…
Talk about confidence in Sixth Avenue! While some Midtown restaurateurs claim they’re struggling, Del Frisco’s Double Eagle Steakhouse — a three-level, 25,000 square-foot jumbo at 1221 Sixth Ave. — just renewed its lease with long-time landlord Rockefeller Group for 20 more years. The 2.6 million square-feet office tower above the steakhouse is more than 99 percent leased while…
HELSINKI — Voters in Finland were electing a new president Sunday at an unprecedented time for the Nordic nation that is now a NATO member with its eastern border with Russia closed — two things almost unthinkable a few years ago. Polls across the country opened at 9 a.m. (0700 GMT) and will close at…
Morgan Stanley’s board awarded James Gorman a handsome 17% raise raise in 2023, making his total compensation for his last year as the bank’s chief executive $37 million. On top of his $1.5 million base salary, Gorman received a cash bonus of just under $9 million, according to a regulatory filing Friday reviewed by Bloomberg….