Month: May 2022
Any potential recession will be ‘light,’ Qatar Investment Authority CEO says
The CEO of Qatar’s sovereign wealth fund believes that if the world sees a recession, it will be “light.” Rising fears of a looming recession pushed U.S. stocks briefly into a bear market on Friday, as Covid-19 related shutdowns in China, rising interest rates and a cost of living crisis impact investor sentiment. “The sell-off […]
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Biden says ‘hello’ to North Korea’s Kim amid tensions over weapons tests
U.S. President Joe Biden speaks during a joint news conference with South Korean President Yoon Suk-yeol at the Presidential office in Seoul, South Korea, May 21, 2022. Jeon Heon-Kyun | Reuters U.S. President Joe Biden, in Seoul before heading to Japan as part of his first Asia trip as president, had a simple message for […]
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The grand ‘work from anywhere’ experiment got a few things wrong. Here’s how companies are fixing it.
Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by […]
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NBA champion Dwyane Wade shares his three best tips for managing money
Dwyane Wade still moves fast but this time it’s off the basketball court. The retired three-time NBA champion for the Miami Heat has investments in media companies and consumer products. Wade, 40, has purchased an equity stake in two sports teams, the NBA’s Utah Jazz in April 2021 and in January 2022 joined Blackstone executive David Blitzer […]
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Prices are surging, but people are still paying top dollar to watch live sports
People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad […]
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More people are dying on U.S. roads, even as cars get safer. Here’s why it’s a tough problem to solve
Cars and trucks are wedged together after a deadly multi-vehicle pileup on the ice covered I-35 in a still image from video in Fort Worth, Texas, February 11, 2021. NBC5 | via Reuters New vehicles on sale in the U.S. today are the safest and most advanced ever made, yet roadway fatalities last year reached […]
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Ukraine rules out ceasefire and ceding territory; Moscow names 963 Americans banned from Russia
Russia’s only unit of Terminator tank support vehicles is believed to be in the Donbas: UK MoD The U.K.’s Ministry of Defence believes that Russia’s only operational company of BMP-T Terminator tank support vehicles has likely been deployed to Severodonetsk in Ukraine’s eastern Donbas, where Russian forces are heavily concentrating strikes to gain territory. The […]
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‘We’re sorry’ for U.S. baby formula shortage, Abbott CEO Ford says in Washington Post op-ed
The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Abbott Laboratories CEO Robert Ford apologized Saturday in a new op-ed for his company’s role in a nationwide shortage of baby formula, which this week moved Congress and the Biden administration to take emergency actions to alleviate […]
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Giuliani interviewed for hours by 1/6 committee
Former New York City Mayor Rudy Giuliani speaks to media about the U.S. evacuation of Afghanistan outside his apartment building in New York City, U.S., August 20, 2021. Eduardo Munoz | Reuters Rudy Giuliani, who as a lawyer for then-President Donald Trump pushed bogus legal challenges to the 2020 election, met for hours with the […]
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Biden tops list of Americans banned from traveling to Russia, but Trump is not on it
President Donald Trump and Russian President Vladimir Putin arrive for a joint news conference after their meeting in Helsinki, July 16, 2018. Grigory Dukor | Reuters President Joe Biden made Russia’s “blacklist” but former President Donald Trump didn’t. Russia’s Foreign Affairs Ministry on Saturday released an updated list of nearly 1,000 Americans permanently barred from […]
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