The Messenger to Close After Less Than a Year

The Messenger, a news website that pledged to shake up the media industry with a playbook borrowed from the doomed publishing start-ups of yesteryear, will be closing down, according to…

Federal Reserve Meeting: Fed Set to Keep Rates Steady, Could Hint at Future Cuts

The Federal Reserve is widely expected to leave interest rates unchanged on Wednesday, with investors watching for signals about when it might start lowering rates. Source link

What Elon Musk Could Lose After His Tesla Pay Deal Is Blocked

A Delaware court ruling on his $50 billion compensation plan at Tesla raises questions about corporate governance and more. Source link

Child Safety Hearing: Tech Chiefs From Meta, TikTok and Others to Testify on Child Safety Online

Executives from X, Snap and Discord will also answer questions from senators about their companies’ efforts to protect their youngest users. Among the lawmakers’ chief concerns: the spread of child…

A Pre-I.P.O. Gift to Company Executives: ‘11th-Hour Options Discounting’

A new research paper finds that companies price stock options at steep discounts just before going public and take steps to obscure them. Source link

The Federal Reserve Meets Wednesday. Here’s What to Watch.

Federal Reserve officials will conclude their two-day meeting on Wednesday, and they are widely expected to keep interest rates steady at a two-decade high when they release their policy decision…

Technology Companies Are Cutting Jobs and Wall Street Likes It

Tech giants are set to report quarterly earnings, starting on Tuesday with Alphabet and Microsoft. Wall Street is expecting good news, including more progress on artificial intelligence. But the industry…

UPS to Cut 12,000 Jobs as Wages Rise and Package Volumes Fall

United Parcel Service plans to cut about 12,000 jobs this year as the company tries to slash costs in the face of falling package volumes and higher wages linked to…

German Authorities Seize $2 Billion Worth of Bitcoin

The police described the transfer of funds as the “most extensive seizure of Bitcoins by law enforcement in the Federal Republic of Germany.” Source link

Colleges Won’t Get FAFSA Data Until March, Delaying Aid Offers

The wait will make it difficult for many schools to finalize financial aid packages, despite already offering admissions to high school seniors. Source link