Amazon fails to cancel FTC subpoenas for Bezos, Jassy testimony
The Federal Trade Commission says Amazon executives Jeff Bezos and Andy Jassy must testify in a probe into Prime's policies involving how customers sign-up and cancel the service.
United Airlines grounds planes as it completes inspections
United Airlines pulled some jets from service recently for required inspections, affecting 25 flights. The rate of flight delays is up 23% for all airlines since before the pandemic.
Fed meeting, bank CEOs on the Hill and more: Wednesday's 5 things to know
The Federal Reserve will issue its latest interest rate decision following the latest policy meeting this afternoon with another big hike expected.
FTC looking into Amazon's $1.7B deal for iRobot
The U.S. Federal Trade Commission (FTC) has asked Amazon and iRobot for more information on the e-commerce giant's $1.7-billion buyout of the popular Roomba vacuum maker.
Mark Zuckerberg's fortune sheds $71B as Meta Platforms' stock struggles
Zuckerberg ranks 20th among global billionaires with a net worth of $55 billion – his lowest ranking since 2014, according to the Bloomberg Billionaire's Index.
Costco, FedEx earnings, Fed decision, existing home sales top week ahead
FOX Business takes a look at the upcoming events likely to move financial markets in the coming days, including the Fed's latest decision on interest rates.
Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%
Ray Dalio, the founder of Bridgewater Associates, said in a post this week that interest rates will need to rise substantially in order to fight inflation.
Bank of America warns of new lows for S&P 500 as 'inflation shock ain't over'
The U.S. stock market is poised to tumble even lower in coming weeks as investors confront inflation that is still near a multi-decade high and rising interest rates.
FedEx closing stores, offices, delaying hires, pulls forecast
FedEx is cutting back. The delivery giant said it is closing some stores and offices and also delaying hiring new employees due to a decline in its package delivery business.
FedEx plunge, consumer sentiment and more: Friday's 5 things to know
FedEx shares plunged after the company reported that it was closing some stores, offices and scheduling fewer flights in cost saving measures.
Uber looking into computer system hack
Uber confirmed on Thursday that some of its internal computer systems had been breached by a hacker and it is being investigated. Uber said it was in touch with police about the hack.
Adobe to buy collaborative design platform Figma for $20B
The deal will be comprised of approximately half cash and half stock. Adobe will finance the deal through its cash on hand and if necessary, a term loan.
Shell Oil names Wael Sawan new CEO
Shell has named 25 year company veteran Wael Sawany as CEO, taking over for Ben van Beurden at the end of the year.
Disney CEO may combine streaming assets, including Hulu in one app
Efforts are underway to simplify streaming for users. The recent trend of media companies wanting to combine their assets under one app may soon include The Walt Disney Company.
Twilio slashing 11% of workforce in restructuring
The restructuring plan will be completed by the end of the fourth quarter of 2022. Twilio expects to incur between $70 million and $90 million in related charges.
Palo Alto Networks 3-for-1 stock split: What to Know
Palo Alto Networks joins Tesla, Amazon, Alphabet, Shopify and GameStop in making its shares more accessible to investors. Here is everything you need to know.
Twitter shareholders vote to approve Elon Musk's $44B acquisition
The shareholder vote follows Twitter whistleblower and former security chief Peiter "Mudge" Zatko's testimony to the Senate Judiciary Committee on Tuesday.
Peloton co-founders John Foley, Hisao Kushi resign in leadership shakeup
Peloton co-founders John Foley and Hisao Kushi are resigning from the company. The leadership changes come as the fitness giant has embarked on an $800 million restructuring plan.
Delayed IRS returns, consumers provide inflation expectations and more: Tuesday's 5 things to know
Time is running out for more than a million Americans to collect refunds from the IRS and a Federal Reserve Bank of New York survey reveals a key prediction about inflation.
GE aims for early January spinoff for health care company
GE annnounced it aims to complete the spinoff of its health care unit in early January and tapped the planned independent company's board of directors.



















