Fed Chair Jerome Powell pumps brakes on rate cuts

Fed Chair Jerome Powell pumps brakes on rate cuts

(WASHINGTON) -- The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday.Addressing a business conference at Stanford University, Powell touted progress in the fight to cool price increases while acknowledging that such headway…
Disney shareholders reject activist investor Nelson Peltz’s board nominees

Disney shareholders reject activist investor Nelson Peltz’s board nominees

(NEW YORK) -- Disney shareholders on Wednesday rejected board nominees allied with activist investor Nelson Peltz, ending a combative, months-long proxy battle centered on the company’s navigation of the topsy-turvy onset of the streaming era.A majority of shareholders instead voted in support of a 12-person slate of board nominees put…
Trump’s social media company sues co-founders, seeks to forfeit their shares

Trump’s social media company sues co-founders, seeks to forfeit their shares

(NEW YORK) -- Trump Media & Technology Group is attempting to force two of the company's co-founders to forfeit their shares and give up any claim to the company's leadership.Trump's social media company filed the lawsuit against Wesley Moss and Andrew Litinsky -- co-founders and former Apprentice contestants -- in…
Data from 73M current, former customers leaked on dark web, AT&T confirms

Data from 73M current, former customers leaked on dark web, AT&T confirms

(DALLAS) -- Information for some 73 million current and former AT&T customers was recently posted on the dark web in a data breach, the telecommunications company confirmed on Saturday."AT&T has determined that AT&T data-specific fields were contained in a data set released on the dark web approximately two weeks ago,"…
How Kia’s design chief is making Americans want to drive sedans again

How Kia’s design chief is making Americans want to drive sedans again

(NEW YORK) -- Kia's K4 sedan, a sleek, compact four-door that debuted this week at the New York International Auto Show, has stiff competition -- mainly from the Korean brand's own sport-utility vehicles and crossovers.American drivers, however, may soon become enamored with the sedan's fastback styling and airy interior."We're not…