Business

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019.Clodagh Kilcoyne | ReutersThe Federal Reserve isn't ruling out raising interest rates by half of a percent instead of the typical quarter-point move if inflation remains…

Elon Musk has fallen from the top spot on Forbes' real-time billionaires list as Tesla’s stock closed down more than 6% Monday.Why it matters: The dip in Musk's wealth comes as Tesla’s stock has fallen by nearly 60% this year, and more than 25% since his official takeover of Twitter.Details: Bernard Arnault, CEO of Louis Vuitton's parent company…

Binance, the world's largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDC while it carries out a "token swap."The move comes as investor concerns grow about Binance's stability following the collapse of rival exchange FTX as well as a report of a potential criminal investigation from the U.S.…

The Dow Jones Industrial Average sold off 350 points Monday after a host of November economic data, including the PMI composite, the ISM services index and factory orders. China stocks resumed their rebound on a shift in domestic Covid policy. Tesla stock skidded more than 5% after Bloomberg reported that the electric-vehicle maker plans to cut…

Unilever shares fall over 8%, GSK gainsUnilever signals it would pursue deal for GSK unitSays committed to 'strict financial discipline'Jan 17 (Reuters) - Unilever (ULVR.L) signalled on Monday it would pursue a deal for GSK's (GSK.L) consumer business, calling it a "strong strategic fit", but Unilever shares slid more than 8%, highlighting…

CNN Business  —  Laid-off employees at Twitter’s Africa headquarters are accusing Twitter of “deliberately and recklessly flouting the laws of Ghana” and trying to “silence and intimidate” them after they were fired. The team has hired a lawyer and sent a letter to the…

The Dow Jones Industrial Average rallied more than 200 points Thursday as energy stocks and China-exposed issues boosted early trade. The Labor Department's weekly jobless claims data proved higher than expected. And Tesla stock briefly dropped nearly 3% after Bloomberg reported the company has shortened Shanghai factory shifts and delayed new…

Check out what's clicking on FoxBusiness.com. What does it feel like to be a college student looking through your phone and all of a sudden, Elon Musk DMs you? University of Central Florida student Jack Sweeney knows, according to FOX 35 of Orlando.GET FOX BUSINESS ON THE GO BY CLICKING HERE"It was just crazy, the whole thing. I couldn’t…

CNN  —  Last week, the US Food and Drug Administration authorized the bivalent Covid-19 booster for children 6 months to 5 years old. The US Centers for Disease Control and Prevention has since recommended the booster, and now everyone 6 months and older is able to receive the…

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019.Mike Blake | ReutersA pair of new emails from Elon Musk to Twitter employees says managers must meet in-person with employees -- even exceptional ones --…