WASHINGTON (AP) — Conservative Supreme Court justices on Wednesday voiced support for weakening the power of federal regulators, but it was not clear whether a majority would overturn a precedent that has guided American law for four decades over everything from the safety of food and drugs to environmental protection.Billions of dollars are potentially at stake in front of a court that, like the rest of the federal judiciary, was remade during Donald Trump’s presidency by conservative interests that were m ...

Sheryl Sandberg, the longtime chief operating officer of Meta Platforms Inc. META, +0.25% who departed in September 2022 after 14 years, is now leaving the company’s board of directors. Sandberg, who announced her departure in a Facebook post, will become an informal adviser to the company in May. “With a heart filled with gratitude and a mind filled with memories, I let the Meta board know that I will not stand for reelection this May,” Sandberg wrote on Facebook. ...

Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profit that missed expectations and said it has set aside more money to cover potentially tougher conditions for consumers. The results are the latest in a bumpy ride over the past several months for Discover DFS, -0.84%, which has dealt with a leadership shake-up and questions about controls internally. The company’s provision for credit losses stood at $1.9 billion during the end of the ...

Tesla Inc. is about to offer investors some hints of what’s to come, and one analyst thinks Wall Street should brace for “growing pains.”Wells Fargo analyst Colin Langan expects about 13% growth in Tesla TSLA, -1.98% deliveries next year, below the company’s 50% long-term target. The year already hasn’t gotten off to a great start for the electric-vehicle company, which has cut prices in China and paused production in Germany. “There are also macroeconomic headwinds around elevated interest rates& flattenin ...

The Justice Department could file an antitrust lawsuit against Apple Inc. AAPL, -0.47% as soon as March, Bloomberg reported Tuesday, citing people familiar with the matter. Attorneys from both sides have met three times over a potential suit, according to the report. The case would reportedly focus on software and hardware limitations on iPhones and iPads that impede competitive services. ...

YouTube is shaving an unspecified number of jobs, according to multiple reports, the latest sign of belt-tightening at Google parent Alphabet Inc. GOOGL, -1.15% GOOG, -1.21%. According to The Verge, Alphabet Chief Business Officer Mary Ellen Coe made the announcement Wednesday in an internal memo. Last week, more than 1,000 people were laid off from Alphabet. ...

Ads are adding up for Netflix Inc. in a lucrative way.When the video-streaming giant NFLX, -0.46% reports quarterly results on Jan. 23, advertising will dominate the narrative. The rip-roaring success of Netflix’s new advertising-supported service has already led Oppenheimer analysts to jack up their price target for the stock to $600, the highest among Wall Street analysts.Read more: Netflix buoyed by record stock-price target of $600 on high hopes for ad-supported tier The pace of growth “suggests plenty ...

“The rest of the industry weathered the storm and then got back on its feet. And you’re seeing it grow again. And that goes to show you that 15 years plus after the financial crisis we’ve kind of figured out the right balance between capital liquidity, what you can do in a bank, what you can’t do in a bank and getting it all straight. ”That’s Bank of America Corp. Chief Executive Brian Moynihan, who said Wednesday the bank is steering toward more growth in 2024 after the industry managed to navigate the fai ...

In a downtown Toronto skyscraper one block away from the Hockey Hall of Fame, a small hedge fund is hoping it has found an edge in financial markets. Castle Ridge Asset Management is betting on Wallace, a purpose-built supercomputer behind the hedge fund’s trading strategies driven by artificial intelligence.For years, hedge-fund players have wondered if AI could help them beat the market, but AI-trading efforts they launched often led to disappointment and amounted to little more than marketing schemes to ...

“‘I think it’s a mistake to assume that everything is hunky-dory.’”JPMorgan Chase & Co. Chief Executive Jamie Dimon said Wednesday he remains cautious in the face of “powerful forces” ranging from war to fiscal policy, despite growing consensus that there will be a soft landing for the U.S. economy.“I think it’s a mistake to assume that everything is hunky-dory,” Dimon told CNBC-TV at the World Economic Forum in Davos, Switzerland. “When stock markets are up, it’s kind of like this little drug we all feel … ...