Month: July 2022
How are rising costs impacting your household? Here’s how to calculate your personal inflation rate
Skynesher | E+ | Getty Images It’s likely no surprise to hear that prices have been rising across the U.S. economy, whether at the grocery store or the gas pump. But just how much have your personal household costs increased, and how does that stack up against the average American’s? Calculating your personal inflation rate […]
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World’s largest bitcoin fund slams the SEC, sues over crypto ETF rejection
Digital currency asset manager Grayscale is in a legal fight with the U.S. Securities and Exchange Commission over its latest rejection of the company’s prospective spot bitcoin exchange-traded fund. Last Wednesday, the SEC denied Grayscale’s application to convert its bitcoin trust to a spot ETF. The company filed a lawsuit the same day. Grayscale Bitcoin […]
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Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed Governor Christopher Waller left little […]
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U.S. safety regulators to probe crash involving self-driving car from GM-backed Cruise
A robot car of the General Motors subsidiary Cruise is on a test drive in 2019. Andrej Sokolow | picture alliance | Getty Images Federal vehicle safety regulators will investigate a crash last month in which a vehicle struck a self-driving car from General Motors-backed Cruise. The incident resulted in minor injuries. The National Highway […]
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Amazon’s bid to put cargo hub at Newark airport is halted
Amazon workers, environmental advocates, labor groups, and small business owners participate in a rally and news conference to protest plans for a new Amazon air cargo mega-hub at the Newark International Airport on October 6, 2021 in Newark, New Jersey. Spencer Platt | Getty Images Amazon’s plans to put a regional cargo hub at Newark […]
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Theranos ex-CEO Sunny Balwani found guilty in all 12 fraud charges 6 months after founder Holmes’ conviction
SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and […]
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Citi upgrades Deere to buy, says machinery stock is ‘attractive’ even in a downturn
Shares of Deere are a buy even as growing recession concerns hit machinery stocks, according to Citi. The firm cut estimates and reduced price targets across the board for the group to reflect a broader slowdown. But shares of Deere were upgraded to buy from neutral, with Citi analyst Timothy Thein saying in a Thursday […]
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Dallas Cowboys criticized for announcing partnership with Black Rifle Coffee after mass shooting
Owner Jerry Jones of the Dallas Cowboys attends training camp at River Ridge Complex on July 24, 2021 in Oxnard, California. Jayne Kamin-oncea | Getty Images The Dallas Cowboys are facing a backlash after the football team announced a partnership with gun-themed coffee company a day after the deadly shooting in Highland Park, Illinois. The […]
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IRS chief asks watchdog to probe rare tax audits of Trump foes Comey and McCabe
Former FBI Director James Comey (2nd L) arrives on Capitol Hill for a closed hearing before the House Judiciary Committee in Washington, DC on December 7, 2018. Alex Edelman | AFP | Getty Images The head of the IRS has asked the Treasury Department’s internal watchdog to investigate the agency’s tax audits of two men […]
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James Caan, veteran ‘Godfather’ and ‘Elf’ actor, dies at 82
Actor James Caan attends Humane Society of The United States’ annual To The Rescue! Los Angeles benefit at Paramount Studios on April 22, 2017 in Hollywood, California. Jason Laveris | Filmmagic | Getty Images Movie tough guy James Caan, best known for his work in such big-screen classics as “The Godfather,” “Misery” and “Elf,” died […]
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