Investment bank Perella Weinberg suspended a London-based banker after its European headquarters were raided this week as part of an insider trading investigation by German police and regulators, according to people familiar with the matter.German law enforcement suspected that the Perella Weinberg employee shared sensitive…

Consumers spent less in December even as an inflation measure considered key by the Federal Reserve showed the pace of price increases easing, the Commerce Department reported Friday.Personal consumption expenditures excluding food and energy increased 4.4% from a year ago, down from the 4.7% reading…

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesIntel shares closed down…

The advent of human-sounding robots really exposes robot-sounding humans. No machine could sound as devoid of human feeling as the Amazon memo sent at the start of the year entitled: “Update from CEO Andy Jassy on role eliminations”. After taking a sideswipe at “one of…

The Federal Reserve’s preferred inflation gauge showed prices rose at a slower pace last month, indicating further progress in the central bank’s battle with higher prices. The Personal Consumption Expenditures price index, or PCE, rose by 5% in December, compared to a year earlier, the…

Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee.benedek | iStock | Getty ImagesDespite broad hikes in rental prices, competition is easing in some U.S. markets as inventory grows, according to a new report from national real estate…