Business News [UP]

Lingering concerns about a global banking crisis left most major market indices on Wall Street in the red on Friday, though the head of the St. Louis Fed tried to soothe broader concerns....Read More

A major sell-off in crude oil markets has yet to show up at the consumer level by way of lower gasoline prices, though broader trends may be keeping a lid on any forward momentum, analysis finds....Read More

As the House Energy and Commerce Committee grilled TikTok CEO Shou Zi Chew Thursday, a Stanford graduate student and his partners announced the creation of a social media platform that could replace TikTok....Read More

Do Kwon, the creator of the now-defunct Terra blockchain, has been arrested at an airport in Montenegro....Read More

The number of people filing first-time claims for unemployment insurance barely moved from week ago levels, U.S. data show, suggesting recent monetary concerns have yet to show up in the labor market....Read More

Following its peer economies, the Bank of England on Thursday opted for a 0.25 percentage point increase in its rates despite lingering concerns about the health of the global financial sector....Read More

Digital World Acquisition Corp. confirmed Wednesday it parted ways with its chief executive, as the publicly-traded company moved towards a possible merger with former president Donald Trump’s social media company....Read More

The Federal Communications Commission has proposed new regulations to end deceptive surcharges from satellite and cable providers. The regulation would require the providers to list the “all in” price of service....Read More

Japanese energy company JERA said Wednesday it reached a definitive agreement in Belgium to acquire wind energy developer Parkwind, the nation’s largest offshore wind energy developer....Read More

A Wednesday hearing before a U.S. Senate panel chaired by Vermont Sen. Bernie Sanders is expected to grill drugmaker Moderna over its plan to quadruple the cost of its COVID-19 vaccine....Read More