In June, the Federal Reserve raised its benchmark interest rate by 0.75%, signifying the largest rate hike in decades. The reason the Fed is raising rates to such an extreme is that it wants to slow the pace of inflation. By raising interest rates, the Fed is hoping to make borrowing expensive enough that it prompts consumers to cut back on spending to a modest degree.
Here are five franchises who stood out, for better or for worse.
Former New York Yankees left-hander Fritz Peterson died at the age of 82. He is probably best known exchanging wives with teammate Mike Kekich in the 1970s.
Boban Marjanović is a man of the people.
Bill Belichick's former boss Robert Kraft reportedly tanked his chances of getting hired as the Falcons head coach.
'We'll deal with that Monday,' Dana White said about Arman Tsarukyan appearing to punch a fan during his UFC 300 walkout.
The new female track uniform looked noticeably skimpy at the bottom in one picture, which social media seized upon.
Never change, Gronk.
The Masters has a record $20 million purse this year.
Trump Media is advising investors on ways to prevent their shares from being loaned for a short-interest position.
Let's identify one player exceeding expectations for each team through the first few weeks of 2024.
Iverson didn't get a life-size statue. Charles Barkley and Wilt Chamberlain didn't either.
The Detroit Lions revealed their new uniforms, which include a black jersey that head coach Dan Campell wanted the team to revive.
Recent reports point to a new Highlander EV and plug-in versions of Toyota's trucks.
This week Boston Dynamics retired its well-known Atlas robot that was powered by hydraulics. Then today it unveiled its new Atlas robot, which is powered by electricity. The change might not seem like much, but TechCrunch's Brian Heater told the TechCrunch Minute that the now-deprecated hydraulics system was out of date.
The former employee was a warehouse coordinator in charge of Masters memorabilia.
Clark's endorsement deal with Nike is set to dwarf her WNBA salary.
Hailey Van Lith is transferring to TCU after an uneven year at LSU.
Victor Wembanyama's rookie NBA season is finished. The San Antonio Spurs will sit him in Sunday's regular-season finale. Where does his first season rank among the league's greats?
Fantasy baseball analyst Dalton Del Don debuts The Scorecard, a weekly series featuring his takes on key MLB player notes.
Tesla management told employees Monday that the recent layoffs -- which gutted some departments by 20% and even hit high performers -- were largely due to poor financial performance, a source familiar with the matter told TechCrunch. The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters, the result of an EV price war that has persisted for at least a year.