This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Dec. 14.Text removed from the December statement is in red with a horizontal line through the middle.Text appearing for the first time in the new statement is in…

The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication that it is nearing the end of this hiking cycle. Aligning with market expectations, the rate-setting Federal Open Market Committee boosted the federal funds rate by 0.25…

Netflix’s plan to stop users from sharing their passwords with each other is starting to take shape.The streaming giant, which last month announced that it will soon begin the preliminary rollout of its strategy, has updated its FAQs page with some details about what users…

© APFedEx will would cut more than 10 per cent of its global leadership team, adding to the more than 12,000 employees it has shed over the past seven months.The company will also consolidate some teams and functions, building on plans announced last year to…

Don’t expect a rate cut in 2023, Powell saysJerome Powell said he doesn’t expect the Fed to cut rates this year, as some major strategists project.”Given our outlook, I don’t see us cutting rates this year, if our outlook comes true,” the Fed chair said.Powell…

NatWest chief executive Alison Rose has refused to attend a hearing of the House of Commons Treasury select committee next week, telling MPs that she is “too busy” ahead of the state-backed bank’s full-year results, according to people briefed on the dispute.Committee chair Harriett Baldwin…