Stocks saw substantial volatility late in the trading session on Wednesday, as traders reacted to the Federal Reserve’s monetary policy announcement and subsequent comments by Fed Chair Jerome Powell. The major averages initially reacted positively to the Fed’s statement but pulled back sharply going into the close of trading. The […]

The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal […]

Voters resoundingly passed state ballot measures protecting a woman’s right to an abortion and another to fund state arts education programs. But Californians soundly rejected a proposed increase in personal income taxes of about $2 million to support the switch to electric vehicles. Also defeated were two measures to legalize […]

U.S. stocks fell into the red after a positive start on Tuesday, and then stayed weak right till the end of the day’s trading session to close on a negative note. Investors digested the latest batch of earnings updates and economic data, and looked ahead to the Federal Reserve’s monetary […]

US media reports that Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, could be the latest technology giant to downsize its workforce have triggered trepidation among its 300-400 employees in India, according to people familiar with the matter. “We have not heard much about the impact (of downsizing) […]

With the upheaval continuing at Twitter, the emerging alternative social network Mastodon has attracted a lot of former Twitter users. Even before Elon Musk followed through with his proposed $44 billion takeover of Twitter, the 16-year-old social network’s user base was on the alert. When Musk finally closed the deal […]

Alice Davis, whose costume designs for such classic Disneyland attractions as the “It’s a Small World” and “Pirates of Caribbean” rides died Nov. 3 at her Los Angeles home. She was 93. A statement released by her family did not disclose a cause of death, but noted that she died […]

EXCLUSIVE: Raj Raghavan is on board at ColorCreative Management as Head of Talent, Partner and Manager. Leaping over to Issa Rae’s Hoorae founded banner from Echo Lake Management, the ex-CAA agent will report directly to ColorCreative boss Talitha Watkins in his new gig. “We are excited to partner with Raj […]

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info In fact, almost two-thirds (62 percent) have even hired someone […]

Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have […]