Business

Federal Reserve keeps interest rates unchanged, indicates possible hike in December

Jay Hernandez

In the latest meeting of the Federal Reserve, the central bank decided to keep its benchmark interest rate unchanged but also indicated that it is likely to raise rates in…

News, BusinessEconomy, Wall Street

Tech Stocks on the Verge of Worst December Since Great Recession

Jay Hernandez

Tech stocks are heading for their worst December since the Great Recession, and investors are worried about the future of the industry. According to data from S&P Global Market Intelligence,…

News, BusinessWells Fargo

Wells Fargo Agrees to Pay $3.7 Billion in Fines for Mistreatment of Customers

Jay Hernandez

Wells Fargo, one of the largest banks in the United States, has agreed to pay $3.7 billion in fines to settle allegations of mistreatment of its customers. The settlement, which…

News, Business

Small Businesses Feeling the Pinch: Rising Inflation and Pandemic Disruptions Take Their Toll

Jay Hernandez

Small business owners across the country are feeling the squeeze of rising inflation and supply chain disruptions caused by the ongoing COVID-19 pandemic. According to a recent survey by the…

News, BusinessFTX

CEO of Cryptocurrency Trading Firm Charged with Market Manipulation

Jay Hernandez

Sam Bankman-Fried, the CEO of Alameda Research, a cryptocurrency trading firm, has been charged by the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Commodity…

News, BusinessRamesh Balwani, Theranos

Former Theranos Executive Sentenced to 10 Years in Prison for Role in Massive Fraud Scheme

Jay Hernandez

Sunny Balwani, the former President and COO of Theranos, has been sentenced to 10 years in prison for his role in a massive fraud scheme at the biotech company. Balwani…

News, BusinessPresident Biden

Biden Administration Launches Small Business Tech Sprint to Help Small Businesses Adapt to the Pandemic

Jay Hernandez

President Joe Biden announced on Monday a new initiative aimed at helping small businesses access and adopt technology to improve their operations and adapt to the ongoing COVID-19 pandemic. The…