Day: June 4, 2022
Biden evacuated after plane entered airspace near beach home
Rehoboth Beach, Delaware, is a city on the Atlantic Ocean. DenisTangneyJr | iStock | Getty Images A small private airplane mistakenly entered restricted airspace near President Joe Biden’s Delaware vacation home Saturday, prompting the brief evacuation of the president and first lady, the White House and the Secret Service said. The White House said there […]
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Abbott Nutrition restarts baby formula production in reopened Michigan plant
Shelves normally meant for baby formula sit nearly empty at a store in downtown Washington, DC, on May 22, 2022. Samuel Corum | AFP | Getty Images Abbott Nutrition on Saturday resumed baby formula production at its Sturgis, Michigan, plant, a move toward addressing a nationwide shortage. The company has been given the green light […]
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Union claims Starbucks illegally closing cafe to retaliate, Bloomberg reports
A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images | Lightrocket | Getty Images The workers union at Starbucks is claiming the coffee chain is shutting down a recently unionized cafe in retaliation for […]
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LeBron James is officially a billionaire—this is the first money lesson he says he learned as a kid
LeBron James has officially become a billionaire, according to Forbes. This makes James the first active NBA player to reach the milestone, and the second NBA player to reach billionaire status, joining retired basketball star Michael Jordan. James, a small forward for the Los Angeles Lakers, is the NBA’s highest-paid player, earning $121 million dollars […]
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How companies are shifting their office spend to lure reluctant workers back
As companies and workers continue to try to figure out where and how work will take place in a hybrid environment, the costs being spent on existing office spaces previously built around the 9-to-5, five-day workweek are being closely examined. Flexibility has become the buzzword for both sides of the employee-employer power dynamic. Workers have […]
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Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’
Bitcoin offices in Istanbul, Turkey, on May 11, 2022. Umit Turhan Coskun/NurPhoto via Getty Images New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state. The fate of the […]
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The CDC is sending monkeypox vaccines to people at high risk in a race to prevent the spread
Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. Dado Ruvic | Reuters The Biden administration has distributed 1,200 monkeypox vaccine doses for people who have had high-risk exposures to the virus, part of a nationwide public health response to stamp out the disease before it causes […]
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Deepak Chopra: Crypto is in crisis, but investors need to focus on the long-term
It’s been a brutal stretch for the crypto market, and a hard time for cryptocurrency investors to keep their emotions in check. The sector’s market cap collapse was led by terraUSD, one of the most popular U.S. dollar-pegged stablecoins, which imploded virtually overnight. But bitcoin and ethereum, too, saw massive price declines from their recent […]
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Lawmakers are racing to pass tech antitrust reforms before midterms
U.S. Senate Rules and Administration Committee Chair Sen. Amy Klobuchar (D-MN) presides during a Senate Rules and Administration Committee oversight hearing to examine the U.S. Capitol Police following the January 6, 2021 attack on the Capitol, one day before the anniversary of the attack in Washington, U.S., January 5, 2022. Elizabeth Frantz | Reuters A […]
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Searching for value in the battered biotech sector, which may not have hit bottom yet
Investors have been laser-focused on profit-producing companies, which has left companies in their pre-revenue stage on the sidelines. As a result, a growing number of biotech stocks are now trading below the value of the cash on their balance sheets. Over the past year, the SPDR S & P Biotech ETF is down nearly 44%, […]
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