Economy

Michael Siluk | Education Images | Universal Images Group | Getty Images Dr. Shirin Towfigh thought she had designed a medical device that would revolutionize hernia care for women. Now, Towfigh is suing Medtronic, a global leader in medical devices, accusing the company of stealing her patented design. A Beverly Hills surgeon with over 22 […]

Speaker of the House Mike Johnson, R-La., holds the gavel onstage ahead of the start of the first day of the Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 15, 2024. Andrew Harnik | Getty Images Republicans will keep control of the House of Representatives, NBC News projected Wednesday. The projection comes […]

The 10-year Treasury yield was little changed Wednesday as investors assessed a key inflation reading that came in as expected. The yield on the 10-year Treasury climbed less than 2 basis point to 4.451%. The 2-year Treasury yield fell about 7 basis points to 4.275%. One basis point is equal to 0.01%. Yields and prices […]

Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday. The consumer price indexwhich measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2 percentage point from September. The readings […]

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon has discontinued a secretive effort to develop an at-home fertility tracker, according to internal documents and people familiar with the matter. The company had been working to launch a fertility monitoring device […]

A banner for Snowflake Inc. is displayed at the New York Stock Exchange to celebrate the company’s initial public offering, Sept. 16, 2020.Brendan McDermid | ReutersBuried on page 280 of Instacart’s IPO filing last week was a paragraph that caused a brouhaha between two companies that have nothing to do with grocery delivery.One of Instacart’s… […]

View of a damaged property after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, August 31, 2023.Julio Cesar Chavez | ReutersPresident Joe Biden standing in front of a home damaged by a fallen tree said it was “but for the grace of God” the damage wasn’t worse.”No winds this strong hit this area in… […]

A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco.Heather Somerville | ReutersThe company Cruise is pushing back against an accusation from the San Francisco Fire Department, which claims that one of the company’s autonomous vehicles delayed an ambulance after a deadly accident. According to SF… […]

We all have a certain level of attachment to our cell phones, but for some people, being without their phones or losing internet access can heighten their anxiety beyond normal levels.Nomophobia, short for “no mobile phone phobia,” is a term used to describe the anxiety a person experiences when they don’t have access to their… […]

Joel Tillinghast has picked his share of winning stocks.The legendary mutual fund manager has run Fidelity Low-Priced Stock since its launch in December 1989. Since then, the fund has posted an annualized total return of about 13%, trouncing the S&P 500’s 10% return over the same time period.Unsurprisingly, after more than three decades in the… […]