Business Blog

Fed approves hike that takes interest rates to highest level in more than 22 years

The quarter percentage point move takes the federal funds rate to a target range of 5.25%-5.5%.

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AWS announces generative A.I. tool to save doctors time on paperwork

Amazon Web Services on Wednesday announced a new service for health-care software providers called AWS HealthScribe.

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Meta reports better-than-expected results and issues optimistic guidance for third quarter

Meta said revenue in the quarter increased 11% as the company returned to double-digit growth for the first time since late 2021.

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Tilray stock surges after cannabis company improves bottom line

While a Canadian company, Tilray has been positioning itself to be a leader in the U.S. adult-use cannabis market.

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Coca-Cola says it's done raising prices in the U.S. and Europe this year

Coke's prices were up 10% in the second quarter compared with the year-ago period.

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US regional lenders PacWest and Banc of California agree merger

Warburg Pincus and Centerbridge to invest $400mn in newly issued equity

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