As Americans feel the pressure of rising inflation, fears grow that a recession is imminent. The US economy is running hot as record job growth, steady consumer demand and intense labor demand have helped fuel the highest rate of inflation in 40 years. While the economy has recovered much faster than many economists expected, the …
KNOXVILLE, Tenn. (WVLT) – Workers at Starbucks on Merchants Drive voted Tuesday to unionize their location, according to officials from Workers United, the union that represents Starbucks Workers United. Site employees voted 8 to 7 to unionize, with only one vote affecting the decision. The site was officially certified on April 4th. The store is …
Former Treasury Secretary Larry Summers, whose conflicting views on the risks of prolonged inflation have come true, reiterates his concerns about a possible US downturn: He now says a recession is “the most likely”, partly because the Federal Reserve “must.” keep going [in its effort to subdue inflation] until we see disinflation.” In an interview …
A recession is “the most likely” outcome for the US economy, says Larry Summers Read More »
A metaverse-like virtual simulation of what it would be like if Mark Zuckerberg (left) and Tim Cook (right) actually fought. Photo: Drew Angerer/Michel Porro (Getty Images) Big Tech Daddy and Daddy fight. On Monday, Meta (the company formerly known as Facebook) announced a new feature in its virtual reality video game Horizon Worlds where a …
Tim Cook Sings Mark Zuckerberg Over High Horizon Worlds Fees Read More »
Eakgrunge | Istock | Getty Images Less risk often means lower returns. But that’s not the case for I-Bonds, an inflation-linked and government-backed asset that could soon pay out an estimated 9.62%. I-Bonds are currently offering a 7.12% annual yield through April, and the rate could reach 9.62% in May based on the latest CPI …
Concerned about rising inflation? Nearly risk-free I-Bonds could soon pay out 9.62% Read More »
Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, on October 25, 2021. Brendan McDermid | Reuters Top working groups and political action committees are distancing themselves from a major Democratic pollster after it was revealed the firm was working on Amazon’s anti-labor efforts in a warehouse on Staten …
Biden pollster GSG apologizes deeply for Amazon’s anti-union work as unions abandon them Read More »
Getty Images | OnlyPhoto Amazon said it will impose a 5 percent “fuel and inflation surcharge” on third-party sellers who ship through Amazon starting April 28. The new fee for shipments to the US was detailed on Amazon Seller Central and applies to Fulfillment by Amazon (FBA) service, where sellers rely on Amazon to store …
Amazon adds a 5% “fuel and inflation” surcharge to seller fees for Prime shipping Read More »
Woman working at home talks to virtual assistant Martin-dm | E+ | Getty Images Millions of Americans began working remotely, or from home, during the coronavirus pandemic. Others decided to take the plunge amid the “Great Resignation” and start their own business and become their own boss in 2021. But who can claim the home …
Here you can find out who can claim the home office tax deduction this year Read More »
For the past three months, Bitcoin (BTC) daily closing price has fluctuated between $35,050 and $47,550, a range of 35.7%. While it may seem like an exaggeration, it’s not uncommon, especially given BTC’s historical annualized volatility of 68%. Bitcoin/USD 1-day chart at Coinbase. Source: TradingView The relief rally, which came after the April 11 drop …
Bitcoin bulls must reclaim $41,000 before Friday’s $615M BTC options expiration Read More »
Twitter Kacper Pempel | Reuters Check out the companies making headlines in midday trading. Twitter — Twitter shares ticked 1.4% higher after previously rising sharply on news that Elon Musk had offered $54.20 per share to buy the social media company and take it private had soared. Earlier this month, the Tesla CEO announced a …
Stocks making the biggest moves midday: Twitter, Tesla, and more Read More »
