Why WordPress’s Parent Company Doubled Down on Remote Working, When Giants Like IBM Are Calling Employees Back

Matt Mullenweg, CEO of Automattic, the parent company of WordPress. CREDIT: Getty Images Earlier this month, Automattic was once again in the headlines–but it wasn’t for its ubiquitous publishing platform, WordPress. The company said it was closing its...

Foodservice distributors including Sysco, US Foods fall on report Amazon wants to enter space

Amazon may want to dive into foodservice distribution, potentially shaking up an industry now dominated by three large players, according to a report. “The risk has increased that AMZN becomes a disruptor to foodservice distribution models,” said JPMorgan...

Fed’s Mester: Rate hikes are needed since US economy is ‘pretty good’

The U.S. economy is on a sound footing so the Federal Reserve must continue raising interest rates so as to avoid employment or inflation getting out of hand and causing a recession, Cleveland Fed President Loretta Mester said on Friday. The rate hikes, she said,...