Crypto firms flood PACs with donations in hope candidates will relax regulations
Cryptocurrency corporations dished out more than $119 million in political donations, according to a new report.
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Charities fear double energy price hit for pensioners
Rising energy prices and the withdrawal of financial support will hit some hard, charities say.
CNBC host slams Elizabeth Warren over her defense of price-gouging ban: ‘Fallacious, misleading’
CNBC anchor Joe Kernen called Sen. Elizabeth Warren's arguments "fallacious" and "misleading."
Target’s sales bounced back after closing crime-prone stores — and other chains could do the same
Retailers may begin shuttering stores in high-crime areas, which could create retail deserts.
Bitcoin tops $63,000 after Jerome Powell's speech at Jackson Hole signals interest rate cuts are coming
Following Fed Chair Jerome Powell’s speech at the Jackson Hole conference , where he hinted at potential interest rate cuts and emphasized the need for policy adjustments, the crypto market experienced a notable surge. Bitcoin, which had been struggling to break through the
Powerful people have a stress problem. Could going to the spa be the answer?
The first time Robbie Bent visited a bathhouse, it wasn’t a quick trip – but it was a transformative one. Read more...
Meta reportedly halts plans for high-end mixed-reality headset meant to compete with Apple
Meta's Reality Labs division, responsible for developing and marketing the Quest line of headsets, has incurred billions in losses.
DOJ accuses tech firm RealPage of enabling landlords to collude on rents
This is the first time the federal government has taken antitrust action against a tech company for allegedly using software algorithms to set prices.
Ex-Boeing staff claims electrical faults 'concealed'
A campaign group has accused Boeing of concealing information about electrical problems on a plane.
US accuses software firm of driving rent hikes
The US has sued software firm RealPage, accusing it of allowing landlords to co-ordinate on pricing.
California Democrat defends ‘disastrous’ $250M Google deal with newspapers
Assemblymember Buffy Wicks led negotiations on the nearly $250 million deal, which allowed Google and other Big Tech firms to escape comprehensive legislation that could have forced them to share advertising revenue with cash-strapped newsrooms.
Now you can get a Whopper with your Walmart run
Walmart (WMT) wants to compete with Amazon and is aiming to do so by leaning on Burger King. Read more...
Subway will sell $6.99 footlongs as the fast foot value wars heat up
The $5 footlong may be a thing of the past, but Subway has a new entry for fast food value meal wars as it struggles with sales. Read more...
Wall Street analysts rip feds over botched release of revised jobs numbers: ‘Just atrocious’
The Bureau of Labor Statistics said that 818,000 fewer jobs were created in the 12 months span between April of last year and March of this year.
Fed Chair Jerome Powell signaled that interest rate cuts are coming. Here's what experts are saying
Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole conference has not only lifted the stock market but also garnered praise from some experts and business leaders. They are impressed by Powell’s confidence in policy adjustments and his acknowledgment of cooling
Dow soars over 450 points as Wall Street cheers Fed rate cuts are on the way
All three indexes posted their second straight week of gains.
Royal Mail fails to meet spring delivery targets
Royal Mail delivered less than 80% of first class post on time between April and the end of June.
A top Delta executive is out just weeks after the CrowdStrike debacle
Delta Air Lines’ chief operating officer is leaving the airline just weeks after the CrowdStrike outage paralyzed the company. Read more...
SpaceX wants to send tourists 870 miles from Earth
SpaceX, somehow not the worst American space company , has long had big plans for its missions. From spacewalks to killing the International Space Station , the company always seems interested in unprecedented stunts. Now, SpaceX is rolling that spacewalk plan in with another:
Tesla cut down half-a-million trees for a factory
Between 2020 and 2023, Tesla (TSLA) felled more than 500,000 trees on the outskirts of Berlin in order to make space for its German gigafactory. If left in place, the trees would have absorbed enough CO2 to offset the emissions of almost 3,000 cars every year. Read more...
Inflation falls and the labor market cools: Highlights from Fed chair Jerome Powell's big speech
Federal Reserve Chair Jerome Powell has hinted at potential interest rate cuts and the need for policy adjustments, which boosted the stock market on Friday. Speaking at the Fed’s annual Jackson Hole Economic Symposium in Wyoming, Powell suggested that rate cuts could be on the
Trump Media stock will 'go to zero' if Donald Trump loses the election, expert says
Over the course of several months, shares of Trump Media & Technology Group have been declining. But the value of the company’s stock could plummet if its majority shareholder, former president and Republican nominee Donald Trump, loses the November presidential election. Read
Time has come for interest rate cut, says Fed chair
The remarks signal a new fight for the US central bank, after two years battling inflation.
Read Fed Chair Jerome Powell's full remarks at Jackson Hole
Federal Reserve Chair Jerome Powell signaled Friday that interest rate cuts might happen soon. Speaking at the annual Jackson Hole Economic Symposium in Wyoming, Powell hinted at potential rate cuts but didn’t offer specific details on the timing or magnitude of any cuts. Read
‘Woke’ Harley-Davidson CEO destroyed biker ‘brotherhood,’ fans say: ‘Stabbed us in the back’
"They lost their human touch. That’s the best way to put it," longtime Harley-Davidson biker "Horseshoe" Johnny Hennings said.
The second-largest diamond ever was just uncovered in Botswana
An enormous 2,492-carat diamond was recently unearthed in a Botswana mine, setting records in the process, the southern African country’s president announced during a Thursday viewing ceremony. Read more...
Nestle CEO steps down as price hikes turn off consumers
Nestle announced Thursday that it it replacing Mark Schneider as its CEO with a long-time executive. This comes as the world’s largest packaged food seller is facing pressure from cash-strapped consumers tired of price hikes. Read more...
The Dow closes more than 450 points higher as Jerome Powell says 'the time has come' for new Fed policy
The Dow Jones Industrial Average (DJIA) surged over 450points on Friday afternoon after Federal Reserve Chair Jerome Powell signaled that interest rate cuts might happen soon. Speaking at the annual Jackson Hole Economic Symposium in Wyoming, Powell hinted at potential rate
Subway launching footlong deal to draw back inflation-battered customers — but there’s a catch
It’s not $5, but customers will save big on subs that currently sell for as much as $14.
Federal Reserve Chair Jerome Powell says ‘the time has come’ to cut interest rates
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
Bill Ackman, Ken Griffin and more to host $200K-per-head Milken Institute events in Hamptons mansions
Bill Ackman, Ken Griffin and Julia Koch are reportedly set to open up their respective mansions in the Hamptons to host events for the Milken Institute next week.
