Month: August 2022
U.S. Senate Democrats get the green light on $430 billion climate, drug bill
U.S. Senate Majority Leader Chuck Schumer (D-NY) holds a news conference to tout the $430 billion drug pricing, energy and tax bill championed by Democrats at the U.S. Capitol in Washington, U.S. August 5, 2022. Jonathan Ernst | Reuters U.S. Senate Democrats on Saturday were set to push ahead on a bill that would address […]
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Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big interest rate increases and thinks they are likely to […]
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‘I work just 5 hours a week’: This 39-year-old makes $160,000 a month in passive income—a look at his typical day
I never was the entrepreneurial type. But after losing my job as an audio engineer in 2009, I had to get creative to make ends meet. Thirteen years later, at age 39, I’ve built two online businesses that earns me a combined $160,000 a month in passive income. I also recently published a book, “How […]
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The lesson for Main Street from the Walmart, Target inventory failures
Filip Radwanski | Lightrocket | Getty Images The retail battle narrative over the past few decades has cited one of two wars: Amazon and e-commerce against the big bricks-and-mortar retailers, and everybody big against small Main Street entrepreneurs. But in the current confusing economic environment — marked by inflation, supply chain bottlenecks and a volatile […]
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‘Stressed out’ STD clinics struggle to handle surge in monkeypox patients as U.S. outbreak grows
Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, July 25, 2022. Eric Cox | Reuters Dr. Ward Carpenter, co-director of health services at the Los Angeles LGBT Center, said the monkeypox outbreak across the […]
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Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s […]
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Artificial intelligence drug hunters are nearing a pivotal stage in their development
Efforts to use artificial intelligence to discover drugs have been underway for about a decade but industry watchers are predicting an inflection point is nearing for investors, who have been looking for ways to determine how AI-first drug developers should be valued. AI and machine learning offer the potential to speed up the hunt for […]
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Companies have been fleeing to low-tax states. Here’s why that may be bad news for workers
Corporations are not afraid to pick up and move. Many states are offering companies enticing incentives like lower taxes if they move their operations, but a superior business climate doesn’t always equate to a superior working climate. “Things that benefit employers when it comes to their bottom line or their margin, in terms of economic […]
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Higher prices, skimpier portions and apps — how fast-food chains are changing value deals
Fast-food chains are playing up the value of their burgers, pizzas and tacos as inflation squeezes budgets — but expect higher prices, skimpier portions and more deals enticing people to sign up for rewards programs as companies rethink their value strategies. Citing rising costs, Domino’s Pizza earlier this year raised the price of its Mix […]
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Netflix is expanding its push into video games, but few subscribers are playing along
Netflix is accelerating its push into video games with plans to double its catalog of offerings by the end of the year, but for now, few of the streaming giant’s subscribers are playing. Since last November, the company has been rolling out the games as a way to keep users engaged between show releases. The […]
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