The Federal Reserve announced the results of its latest all-important Open Markets Committee meeting on Wednesday afternoon, and they're exactly the same as last month's results — but with three important changes. For market watchers, these three sentences mean everything. So how should they be interpreted?
As unpaid internships seemingly go by the wayside, some argue that these positions provide marketable skills and training, which these young workers of America can't get elsewhere — but is that really true? Not really.
Today in show business news: Jurassic Park 4 lives again, Pacific Rim may live again too, and Liv Tyler heads to TV.
Every few months, for reasons that only they can really know, Politico founders submit themselves to questioning from publications that not so secretly hate them.
It's an awkward moment to be a professor at New York University — especially if your employer subsidizes luxury housing for you and your spouse.
One of the perks of being Treasury Secretary is getting your name on every dollar bill, but that awesome responsibility meant that new boss Jack Lew had to reinvent his name.
A suspicious package brought operations at CBS's Washington office to a standstill just before lunchtime on Tuesday. The building was evacuated for about an hour while police investigated the scene.
A disgusting plot involving the smuggling of Pakistani immigrants, stealing their wages, and forcing them to pay for housing was busted by federal agents in New York and Virginia. This is going to look very bad for your local Slurpee shop, and the great bodega takeover of New York City.
While you waste the last drips of this Friday afternoon at your desk, just know there's someone out there who is much more famous than you, is much less deserving than you, and gets paid more than some people make a year to talk about motivational things for about half an hour. The gory, torturous details are all in the latest issue of The New Republic.
What happens to the unpaid intern that sues their former employer? Good news for the two former underpaid Condé Nast magazine slaves who just filed a suit: It turns out filing a very high profile lawsuit against one of the biggest names in the industry doesn't ruin your career — depending on exactly what kind of professional life you want, that is.
The pitbull and her "indispensable" network had a bad breakup, but great news, guys! They're getting back together! Starting Monday! Because Sarah Palin can't stay famous without Fox.
In a stunning bit of matrimony news, News Corp. overlord Rupert Murduch has filed for divorce from his pie bodyguard/third wife, Wendi Deng.
The Church of Scientology forced the British tabloid The Sun to apologize for reporting that UFOs were seen flying over the church's British headquarters — but The Sun apologized to the aliens. It is one of the best newspaper apologies ever.
Iran may have targeted tens of thousands of Iranians with a phishing scheme in the weeks leading up to Friday's elections, according to an announcement by Google on Wednesday.
After the deadly building collapse in Bangladesh, Walmart released a list of factories it had banned. But it has continued receiving shipments from two of them.
According to the lastest commerce data published by retailer Amazon.com, sales of the classic fiction work have spiked 3,100% over the past 24 hours, which have seen fresh reports about the National Security Agency's surveillance programs and the 29-year-old Booz Allen Hamilton employee, Edward Snowden, who leaked them.
Unsurprisingly, the cheapo horror success The Purge, which earned $36.4 million on a $3 million budget this past weekend, will be getting a sequel. That was inevitable, pure profit is hard to resist. But what will a sequel for this movie look like, given its particularly ludicrous premise? Let's offer some suggestions.
"I welcome this debate," President Obama said of the NSA revelations. But with swaths of the security state still shrouded by classification, open debate is hard to come by. Which is why a group of senators introduced a bill Tuesday to expose at least one element of those measures to a little more openness. Will it work? Can anything? That might come down to the word "terrorist."
The battle for the hottest mapping startup on the plane is finally over, and Google — the undisputed king of 21-century maps — has officially prevailed, purchasing the company for a reported $1.03 billion, apparently because the Tel Aviv-based Waze didn't want to relocate all the way to the belly of the Googleplex.
The workout clothing giant's instantly notorious see-through bottoms have been replaced on shelves, but that apparently wasn't enough to save CEO Christine Day from the rare national athletic-gear controversy and her "bend over" test comments amidst it.
Today's jobs report was "cable television's worst fear": Not amazing, not terrible, and right in line with what everyone was expecting.
The New York Times editorial board is furious. In an 1,100-word piece, the paper lashes out at the Obama administration and its allies for the reliance on secret surveillance and the useless explanations that follow. It's so remarkable, we thought it deserved something special.
The timing for Eric Holder's visit to Capitol Hill today was perfect. On the heels of the staggering revelation that the FBI requested — and received — authorization for the NSA to vacuum up phone records from Verizon, a Senate committee had the chance to grill him on why. That is not in the least what happened.
In a memo to staffers obtained by The Atlantic Wire, publisher Katharine Weymouth announced that the new pay "meter" applies to them, too. In the Post's offices, employees will have full access to the site. But at home, employees who do not get the paper delivered will have to buy a digital subscription. Good news though: they might be able to expense it!
TBS's Major League Baseball post-season coverage will be graced by everyone's favorite vitriolic television host: Keith Olbermann. Olbermann, who was fired from Current TV in March of last year, is returning to TV to lead TBS's studio show, The Hollywood Reporter's Marisa Guthrie writes.
For the first time since the Apple-Samsung patent war began, Apple could face a ban on U.S. sales of some of its products.
Less than a day after the web noticed that Swiffer had drafted Rosie the Riveter for its Steam Boost mop advertising campaign with a glammed up version of the feminist icon, the company has already taken down the product's splash page.
President Obama Tuesday introduced executive orders to combat the very patent trollery described in this week's This American Life, which detailed how a so-called patent protectors buy up patents only to profit from lawsuits against inventors.
With CNN enjoying a ratings resurgence, the cable-news rumor mill is in full churn, suggesting that the next move is to ditch Blitzer and sprinkle the network with more hunky young anchors. With MSNBC in full-on self-defensive swoon mode, can the liberal darling avoid "destruction" by going on a Magic Mike hiring spree of its own?
After fielding some almost disrespectful low ball bids, the owners of premium video-streaming service Hulu must be pleased as punch now that they're getting bids closer to their expectations.
On Friday's edition of The Lead with Jake Tapper, Emmy-winning reporter Tom Foreman (also the guy with that hologram sheep) took the risk of Fantastic Voyage-style interactions with several dangerous asteroids. When we say Fantastic Voyage-style, by the way, we mean "predicated on corny special effects."
Sometimes, it can be hard to be the dance kid who was raised by hippie, immigrant parents in Connecticut. No one out there, it seems, understands you. Except Buzzfeed, which is finding it exceptionally easy to feed your soul right now — and bait traffic forever — with hyper-specific remnants of your past.
The Senator unveiled his first campaign ad with a full 523 days before Election Day. He didn't have much choice; Bloomberg's gun control group has been blasting his vote to block a background check compromise. Luckily for Pryor, the voters are on his side.
Arguing that print reporters and freelancers can replace a staff of nearly 30 professional photographers, the Chicago Sun-Times laid off their entire photojournalism team today.
The chief content guy at Netflix said on Thursday that hed oesn't care about all the horrible early reviews of his pseudo-network's Arrested Development release, which reports suggested had pushed down company stock earlier this week. As far as Netflix is concerned, they're not a network — and they've got a huge hit on their hands.
So much for religious tolerance! E. Gordon Gee, president of (The) Ohio State University, was caught disparaging Catholic leaders of the University of Notre Dame on tape, and he has a recent history of provoking Catholics, generally.
This... is CNN: first on "that ship," first to correct its own egregious "mistake" on the Boston bombing arrest, and the first cable news network to cover "much more" than the politics as usual on Fox News and MSNBC. That was the message from CNN's president in his first direct public comments about his network's news coverage — and, yes, that was him doubling down on Boston.
But there may be one majorly complex — and already controversial — pharmacological debate standing in the way of pressing life-saving treatments for what the WHO calls "a threat to the entire world": A couple Dutch scientists have already patented part of the disease, and they're not the only ones looking to profit on it.
Ten members of Congress sent Washington Redskins owner Dan Snyder a letter today, urging him to change the "derogatory" team name to something else.
Retail conglomerate Walmart agreed to pay $81 million on Tuesday after the company admitted in a San Francisco court to dumping toxic sludge into sanitary sewers throughout the state of California and Missouri. It won't hurt that much, though.
Adding the "entirely lost" male voice to the work-life balance debate, Esquire's Richard Dorment not only tells of his own hardships as he and his lawyer wife navigate the working world as parents — he hears from an actually lost but still irrelevant voice, that of the man married to the face of the debate itself: Dave Goldberg, a.k.a Sheryl Sandberg's spouse.
After nearly a decade of partnership that was as big on sales of iconic bracelets and athletic gear as it was a major symbol of cancer awareness, Nike has cut ties with Lance Armstrong's Livestrong Foundation. After a confession to Oprah, his damaged image has hurt the foundation even more than he could in person — its product is damage goods.
Anthony De Rosa, the public face of Thomson Reuters' social media efforts, is leaving the company to join Circa, a mobile news startup, as its editor in chief. The move returns De Rosa to his roots in the startup world, but also reinforces that Thomson Reuters' push into digital didn't go precisely as planned.
The co-host of CBS This Morning shares her secret to staying informed: Early mornings and commercial breaks.
Uniqlo, a Japanese clothing brand owned by Fast Retailing, won't join a legally-binding pact to improve safety conditions in Bangladesh's garment industry, the company announced on Monday.
Marissa Mayer is coming for online video — and the ads that accompany it. Days after announcing its $1.1 billion acquisition of blogging platform Tumblr, Yaho has submitted a bid for Hulu. Now starts the bidding war, all $2 billion of it.
Now that we've reached Memorial Day weekend, the kick-off to the season and all of its sweaty flair, Mister Softee worship can begin in full, right along with a lot of Mister Softee hate.
If you think juice is something that comes in orange and apple alone, you are missing out on a whole world of juice. The year 2013 will go down in history as the time of the juiciest juice wars yet. Who will the Next Top Juicer be?
Tesla no longer owns the federal government a dime. On Wednesday the company announced it had repaid the outsanding balance of $451.8 million, with interest, on its 2009 Advanced Technology Vehicle Manufacturing loan from the Department of Defense. That means taxpayers earned a very, very small $12 million profit on the loan.
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