Updated Nov 2, 2022, 03:39pm EDT Topline The Federal Reserve on Wednesday signaled it may soon ease up on its most aggressive economic tightening campaign in three decades as it raised interest rates by another 75 basis points—further pushing borrowing costs to the highest level since the Great Recession in order to help temper the…
Posts published in “Business”
Topline Twitter’s new owner Elon Musk on Wednesday insisted that no decisions will be made on restoring banned Twitter accounts for at least a “few more weeks” as the company tries to put a clear process in place for doing so, amid reports that advertisers are planning to cut back spending on the platform over…
Topline Kanye West made a settlement payment to an employee who alleged the disgraced rapper praised Nazis and mass murderer Adolf Hitler multiple times, and numerous other staffers signed nondisclosure agreements after they overheard him making antisemitic remarks, NBC News reported Wednesday, as West faces widespread public backlash and business fallout for a string of…
The current pattern of conflict in Ukraine suggests that the age of drone warfare has arrived. The U.S. Army, which leads joint efforts to counter the threat posed by unmanned air systems, anticipated this development years ago and has identified means for tracking and engaging hostile drones. However, it is important to recognize that the…
Economists increasingly fear the Fed is now pushing the U.S.—and world–into a deeper than needed recession, risking millions of jobs and market stability. During Volcker's reign, unemployment stayed above 10% for nine straight months and the mortgage rate hit nearly 17%. S ome months after Jerome Powell became Federal Reserve Chair in early 2018, the…
There are many grant opportunities that can help small businesses achieve their end-of-year goals. Read on for several opportunities that are due in November...
Topline No one bagged Monday night’s billion-dollar Halloween Powerball draw, sending the jackpot soaring to $1.2 billion for the next draw on Wednesday, the lottery said , though any lucky winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. Key Facts Powerball lottery winners can choose…
There were 26 billionaires including Warren Buffett and Larry Ellison whose fortunes rose more than $1 billion last month. October may be the spookiest month of the year, but it marked a welcome reprieve from an otherwise mostly ghastly stretch for investors. That’s true too for many of America’s richest people. A historic stock market…
Topline The Supreme Court on Tuesday rejected an attempt by Sen. Lindsey Graham (R-S.C.) to avoid testifying in a Georgia grand jury probe into former President Donald Trump’s attempts to overturn the 2020 presidential election, after months of legal challenges from the senator. Key Facts In an unsigned order, the Supreme Court denied Graham’s request…
Activision has just announced that Call of Duty: Modern Warfare 2 has annihilated every Call of Duty before it. Modern Warfare 2 has sold $800 million worth of copies in just its first three days of release, beating out Modern Warfare 3 in 2011 (yes, the naming order gets complicated with these). MW3 previously had…