Business

The US Federal Reserve’s move on Wednesday to raise interest rates by half a point brought it to a range of 4.25% to 4.5%, its highest level in 14 years. The Fed’s latest hike – its seventh rate hike this year – will make it even more expensive for consumers and businesses to borrow for homes, cars and other purchases.…

Elon Musk, who lost his first spot on Bloomberg’s list of the world’s richest people this week, has sold shares in Tesla Inc. for the fourth time this year. Tesla’s chief executive has sold nearly 22 million shares of the electric-car maker’s stock for $3.58 billion, a filing in the United States showed late Wednesday. The transactions took place between…

Twitter on Wednesday suspended an account that used publicly available flight data to track Elon Musk’s private jet, despite a pledge from the social media platform’s new owner to keep it up because of its principles of free speech. Then, hours later, Musk brought back the jet-tracking account after imposing new conditions on all Twitter users — no more sharing…

The White House will reopen a program that will allow people in the US to order batches of home coronavirus tests free of charge as officials prepare for a spike in cases over the winter, people familiar with the matter said. The measure will be officially announced on Thursday, the people said, speaking on condition of anonymity before the announcement.…

Apple’s all-powerful App Store, which dictates what apps users can download on their iPhone and has been criticized by everyone from Elon Musk to Mark Zuckerberg, is giving up some of its power. According to a report, the company is taking steps to relax its control over apps on iPhones and iPads by allowing users in Europe to “sideload” software…

Critics have long claimed that YouTube’s comments section is riddled with spam and toxicity. Now the streaming video service is trying to weed out some of the worst offenders, albeit for a short time. YouTube has updated its policy on spam and abusive comments, stating that it will now implement a short-term ban policy for repeat offenders. A new feature…

Saving for retirement is a common goal for many, but some younger workers have slowed down altogether. According to a new report from Bankrate, more than 30% of Gen Z have not saved for retirement in the last two years. And across generations, savers feel like they haven’t met their retirement goals, with 30% of Gen Z, 46% of Millennials,…

The Great Resignation may have peaked, but the total number of resignations was still around 4 million at the end of October. And while workers quit in all industries, there are certain jobs that workers are more likely to quit. Of course, some roles have a higher turnover – seasonal work, for example. In assessing the jobs workers are most…

Russian trolls spreading far-right conspiracy theories online have managed to trick Donald Trump Jr. into believing a fake Kid Rock post is real. In one of the many attempts to meddle in the US election, the Russian trolls created a fake account pretending to be the MAGA musician. A post by the KidRockOfficial account spreading a conspiracy theory about ivermectin,…

Builders have a playbook for real estate downturns that has proven effective time and time again. They start offering incentives like mortgage interest buybacks. When that doesn’t work, homebuilders start lowering home prices in communities until their unsold inventory has been moved. Fast-forward to 2022, and homebuilders have clearly returned to their housing downturn playbook, only there’s a new wrinkle:…