Day: March 19, 2025
New Zealand exits recession as fourth-quarter growth beats forecasts
A straddle carrier operates at the Ports of Auckland terminal as the Sky Tower, center left, stands in Auckland, New Zealand, on Friday, Aug. 22, 2014. Bloomberg | Bloomberg | Getty Images New Zealand’s economy grew faster than forecast in the fourth quarter, dragging the economy out of recession, but the improvement is not expected […]
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SoftBank to acquire chip designer Ampere in $6.5 billion deal
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty Images SoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion. The company expects the deal to close in […]
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Trump to sign order to shut down Department of Education, White House says
U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters U.S. President Donald Trump will sign an executive order on Thursday that aims to shut down the Department of Education, fulfilling a key campaign pledge, the White House said […]
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People are selling Singapore Airlines miles online. Here’s what the airline says about that
When Tracy Ren decided to go to the 2024 Summer Olympics, she booked her flight to Paris on Singapore Airlines using miles. But she didn’t earn them — she bought them. Rather than purchasing miles directly from the airline, which sells 1,000 miles for around $40, Ren turned to Carousell, a popular online marketplace in […]
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White House forces out CEO of passenger railroad Amtrak
Amtrak CEO Stephen J. Gardner looks on during a hearing before the House Subcommittee on Railroads, Pipelines, and Hazardous Materials in the Rayburn House Office Building on June 6, 2023 in Washington, DC. Anna Moneymaker | Getty Images The White House this week forced Amtrak CEO Stephen Gardner to step down as head of the U.S. passenger railroad […]
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DOGE doxx site maps ‘Musk World’ as Trump AG threatens Tesla vandals with federal charges
Zoom In IconArrows pointing outwards A new online map is highlighting locations across the United States of Tesla dealerships and Superchargers, along with purported addresses and phone numbers connected to members of the Trump administration’s DOGE team, led by Tesla CEO Elon Musk. The DOGEQUEST map spread online this week, as police continued to investigate […]
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Fed decision recap: Powell says tariffs could delay progress on lowering inflation
Wed, Mar 19 20253:10 PM EDT Weaker growth, higher inflation ‘balance each other out’ in Fed forecast, Powell says U.S. Federal Reserve Chair Jerome Powell speaks at a press conference, following a two-day meeting of the Federal Open Market Committee on interest rate policy, in Washington, D.C., U.S., March 19, 2025. Nathan Howard | Reuters […]
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NBA may bring back iconic highlight show ‘NBA Inside Stuff’
Ahmad Rashad and Willow Bay look on during an Inside Stuff Episode taping circa 1993 in Secaucus, New Jersey. Nathaniel S. Butler | National Basketball Association | Getty Images The NBA is quietly preparing to bring back its iconic show “NBA Inside Stuff.” On Monday, the league filed two trademark applications for “NBA Inside Stuff,” […]
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Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., February 12, 2025. Nathan Howard | Reuters Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing […]
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FTC commissioner fired by Trump says her ouster should concern markets
One of the two Democratic commissioners at the Federal Trade Commission whom President Donald Trump abruptly fired Tuesday warned that her ouster could erode market stability. “This isn’t just about the FTC, and it’s not about my job,” former commissioner Rebecca Kelly Slaughter said Wednesday on CNBC’s “Squawk on the Street.” “This is about policing […]
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