Month: July 2024
Fed Chair Powell says holding rates high for too long could jeopardize economic growth
Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, U.S., March 6, 2024. Bonnie Cash | Reuters Federal Reserve Chair Jerome Powell on Tuesday expressed concern that holding interest rates too high for too long could jeopardize economic […]
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Space station startup Gravitics lands $125 million order from Axiom
A pathfinder for Gravitics’ 4-meter space station module design in use for developing manufacturing and assembly methods. Gravitics Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space’s planned space station, the latest deal in the burgeoning private market for orbiting habitats. “Working with the station operator that will have hardware on […]
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Watch Fed Chair Jerome Powell testify live before Senate banking panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy. With the Fed still on hold regarding […]
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Stocks making the biggest moves premarket: Chemours, Intel, BP and more
Check out the companies making headlines before the bell. Chemours — The chemical company added about 3% after UBS upgraded the company to buy from neutral, saying the stock could outperform as refrigerants see favorable demand and price drivers heading into next year. Nvidia — Shares rose more than 1% after KeyBanc hiked its price […]
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Vacuum cleaner manufacturer Dyson to cut around 1,000 jobs in the UK
A selection of vacuum cleaners sit in the reception area at the Dyson Group campus in Malmesbury, U.K., on Wednesday, Sept. 26, 2018. Bloomberg | Bloomberg | Getty Images Vacuum cleaner manufacturer Dyson is set to cut around 1,000 jobs in the U.K. as part of a review of its business. The company, best known […]
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Etsy CEO says company is escaping ‘race to the bottom’ and getting back to its artisan roots
Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC When Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy has found itself overrun with mass-produced, generic items from […]
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Biden needs to show he’s ‘with it’ at ‘extraordinarily important’ NATO summit, former diplomat says
The stakes are high for the NATO alliance as the organization’s 75th anniversary summit gets underway in Washington this week. Particular focus will be on U.S. President Joe Biden amid widespread concerns about his age and mental fitness for the presidential race following his damaging debate performance against former President Donald Trump in June. Former […]
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France’s Macron always wanted more influence in Europe. He’ll now have less
French President Emmanuel Macron on a campaign poster back in 2022. Sebastien Salom-gomis | Afp | Getty Images French President Emmanuel Macron’s failed snap election gamble is likely to take a large toll on his political ambitions and legacy, analysts say — and to weaken the power and influence he has sought to build in […]
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Barcelona protesters throw goods and spray travelers with h2o although shouting ‘tourists go home’
Mass tourism difficulties hit fever pitch in Barcelona on Saturday as protesters threw things and sprayed travelers with water guns and canned beverages, when shouting “tourists go house.” The protesters — indignant about the city’s very long-standing challenges with overtourism — used thick law enforcement-design tape to block resort entrances and sidewalk cafes in the […]
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Hotel guests and protestors clash in Barcelona as anger over mass tourism grows
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The protesters — angry about the city’s long-standing problems with overtourism — also used tape to block hotel entrances and sidewalk cafes in Barceloneta. Source
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