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The interest rate that commercial banks pay to borrow unsecured funds from each other overnight.
A central bank sets this target rate to manage national monetary policy. Changing it influences interest rates for mortgages, personal loans, and business borrowing throughout the broader economy.
Military robotics startup Foundation Future Industries failed to pay workers after its chief executive borrowed $4.6 million from company funds to purchase a California home.
Fossil posted its first sales increase since 2022, fueled by traditional analog watches and strong retail demand in Asia.
Neocloud provider IREN pushed back $4 billion in projected annual revenue to early 2026 after Microsoft asked to upgrade data center networking for frontier AI models.