Business
Weil Gotshal, Renowned Law Firm, Plans to Dissolve After Notable Exodus and Unsuccessful Merger Deal
The legal powerhouse, known for handling major bankruptcy cases, is set to wind down operations following the departure of key personnel and a failed merger attempt.
Frontier Airlines Reports 71% Jump in Airfare Amidst Rising Costs
The budget carrier saw a significant increase in fares, alongside higher fuel expenses and a net loss.
Shell Reports Soaring Profits Amid Record High Refining Margins
The energy giant saw its quarterly profit nearly double year-on-year, driven by robust refining margins and strategic acquisitions.
PCE Price Index Shows Inflation Increase in September
The Personal Consumption Expenditures (PCE) price index rose by 0.5% in September, indicating a 3.6% increase year-over-year.
ServiceNow Faces Record-Breaking Stock Drop Amid Revenue Growth and AI Investment
ServiceNow's shares plummeted by around 24% on Thursday, marking what is reportedly the company's largest single-day decrease in its history.
FTC Orders Major Companies to Reveal How They Use Personal Data for Pricing and Pay
Nine companies, including Walmart and Delta, must provide details on their pricing and compensation methods based on consumer data.
U.S. Economy Boasts Strong 3.4% Growth in Third Quarter, Driven by Consumer Spending and AI Investment
The U.S. economy saw robust expansion in the third quarter, fueled by significant increases in consumer spending and notable contributions from artificial intelligence.
Fed Keeps Rates Steady Amid High Inflation, Midterm Elections Looming
The US Federal Reserve has decided to hold interest rates steady at 3.75% - 4%, despite ongoing high levels of inflation.
DoorDash Secures $17 Billion Deal for Grocery Delivery Rival Instacart
The acquisition aims to consolidate the grocery delivery market, with DoorDash planning to retain Instacart’s brand and technology.
U.S. GDP Surges to 3.4% Growth in Third Quarter
The U.S. economy saw robust expansion in the third quarter, driven primarily by consumer spending.
U.S. GDP Surges Past Expectations in Third Quarter Amid Accelerating Inflation
The U.S. economy saw stronger growth than anticipated in the third quarter, with GDP increasing by 3.4%, while inflation showed signs of acceleration.
Fed Maintains Rates Before Midterms, Despite Rising Inflation
The US Federal Reserve kept interest rates unchanged at 3.75% to 4%, just before the midterm elections, despite recent increases in inflation.
