Business News ✓

Meta **probing Sheryl Sandberg's use of company resources

The Economic Times | @BusinessNewsOfficial**

The Economic Times

Meta probing Sheryl Sandberg's use of company resources: report

Several employees have been interviewed in connection with the investigation by Facebook-parent Meta, the WSJ reported, adding that the probe has been underway since at least last fall.

U.S. drops Covid testing requirement **for international travelers

CNBC | @BusinessNewsOfficial**

CNBC

U.S. drops Covid testing requirement for international travelers

The U.S. will no longer require travelers to show proof of a negative Covid test before boarding flights to the country.

China **demand must remain weak or we'll have big trouble in the oil markets, IEA chief says

CNBC | @BusinessNewsOfficial**

CNBC

China demand must remain weak or we'll have big trouble in the oil markets, IEA chief says

Fatih Birol made his comments during an interview with CNBC at the World Economic Forum in Davos.

**The Fed will raise rates in the week ahead, but what Chair Powell says may matter most

CNBC | @BusinessNewsOfficial**

CNBC

The Fed will raise rates in the week ahead, but what Chair Powell says may matter most

The Federal Reserve meets next week, and while opinion is unanimous it will raise rates, markets are hinging on what Chair Powell says about future hikes.

Russia **cuts key interest rate back to prewar level

CNBC | @BusinessNewsOfficial**

CNBC

Russia cuts key interest rate back to prewar level

The country's central bank cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia's invasion of Ukraine began.

Hungary **says it's impossible for Europe to ban Russian gas anytime soon. Putin agrees

CNBC | @BusinessNewsOfficial**

CNBC

Hungary says it's impossible for Europe to ban Russian gas anytime soon. Putin agrees

When asked about the prospect of the EU targeting Russian gas in its next round of sanctions, the Hungarian minister replied: "No, it's impossible."

'**Start investing': Biden jabs Exxon Mobil for high fuel costs in inflation speech

CNBC | @BusinessNewsOfficial**

CNBC

'Start investing': Biden jabs Exxon Mobil for high fuel costs in inflation speech

President Joe Biden slammed Exxon Mobil on Friday for what he described as the oil giant's greedy reluctance to produce more petroleum.

Inflation **rose 8.6% in May, highest since 1981

CNBC | @BusinessNewsOfficial**

CNBC

Inflation rose 8.6% in May, highest since 1981

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

Tesla **files for 3-for-1 stock split

CNBC | @BusinessNewsOfficial**

CNBC

Tesla files for 3-for-1 stock split

Tesla plans a 3-for-1 stock split, and Elon Musk now holds 23.5% of shares.

Dow dives 800 points, S&P 500 posts worst week **since January after inflation hits 40-year high

CNBC | @BusinessNewsOfficial**

CNBC

Dow dives 800 points, S&P 500 posts worst week since January after inflation hits 40-year high

Stocks fell as investors digested the latest inflation report.