The Federal Reserve just cut interest rates for the second time this year, a move that was largely expected as inflation continues to drop. The Fed lowered rates by a quarter of a percentage point to 4.5% to 4.75%. The decision came on the heels of the lowest rise in inflation since 2021. The Consumer

Netflix’s ad-supported plan has notched a new level of monthly active users. The ad-supported plan that the streaming giant offers in a dozen countries around the world has hit a whopping 70 million MAUs, according to Netflix. The company announced the new MAU figure on Tuesday, two years after it debuted the ad-supported tier on

Only nutty Democrats would be dumb enough to oppose President Trump’s deportation plan, and that’s the subject of the riff.  Just before the election, the acting chief of Joe Biden’s ICE released a letter to Republican Texas Congressman Tony Gonzales that said this: “Over 662,000 migrants with criminal records have been caught and then released

Wall Street firms are expected to pay out higher bonuses this year in what would be the first increase since 2021, according to a report by compensation consulting firm Johnson Associates. Bonuses are expected to rise after recent months saw an uptick in deal-making, the Federal Reserve cutting interest rates and the stock market surging to

The voice-based AI company is becoming less concentrated, as its top customer made up a far lower portion of overall revenue relative to a year before. ​Read More

Beleaguered Spirit Airlines reportedly is discussing its options with creditors as Frontier Airlines abandons merger talks. ​Read More

Cava Group Inc. shares jumped more than 15% in the extended session Tuesday after the fast-casual restaurant chain presented investors with another double-digit rise in foot traffic and raised its outlook for the year. ​Read More

Rivian Automotive Inc. and Volkswagen Group have launched their upsized joint venture, vowing to join forces to create “cutting edge” EV technology. ​Read More