Business

The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.

Jack Sweeney is a 19-year-old college freshman at the University of Central Florida. In January it came to light that he had managed to create a system for tracking the movements of America's billionaires by using public data that records the movements of their private jets.

The internet in Russia is already a very different place than it was before the invasion of Ukraine just two weeks ago. There’s limited access to major social media sites like Twitter and Facebook. Movie fans can no longer stream Netflix. Creators can no longer upload videos to TikTok. Freelancers can no longer find work on Upwork. And citizens can only see what the Kremlin wants them to see about the war in Ukraine.

Lawmakers followed through Wednesday on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether the tech giant and senior executives obstructed Congress or violated other federal laws in testimony on its competition practices.

With Russia intensifying its war on Ukraine, killing civilians and triggering a mass refugee crisis, President Joe Biden on Tuesday announced a U.S. ban on imported Russian oil. Critics of Russia have said that sanctioning its energy exports would be the best — perhaps only — way to force Moscow to pull back.