business news
Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead
San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. Ann Saphir | Reuters San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing […]
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Biden administration launches national research plan to understand and treat long Covid
U.S. President Joe Biden delivers remarks on the coronavirus disease (COVID-19) before receiving a second COVID-19 booster vaccination in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 30, 2022. Kevin Lamarque | Reuters President Joe Biden on Tuesday directed the Health and Human Services Department to lead […]
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Fintech stocks Toast, Affirm drop on analyst concerns about ‘longer-term growth trajectories’
The Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Shares of Toast and Affirm dropped on Tuesday after analysts at MoffettNathanson said “longer-term growth trajectories are likely to disappoint” at the two fintech companies. Toast, a point-of-sale software provider for restaurants, was down 11% as of Tuesday afternoon […]
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Here’s how NFL star Bobby Wagner negotiated his $65 million deal with the Rams
Bobby Wagner #54 of the Seattle Seahawks interviews after practice at Training Camp on July 29, 2021 in Renton, Washington. Alika Jenner | Getty Images NFL linebacker Bobby Wagner wanted another challenge as he prepares for life after football. So he represented himself on the 2022 free agent market after he was released in a […]
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Not earning enough? Many workers are unhappy with their pay
The “Great Resignation,” also known as the “Great Reshuffle,” has many Americans at least considering a career move. But increasingly, job hopping may be more necessary than voluntary as the recent spike in inflation puts households under financial stress. While wage growth is high by historical standards, it isn’t keeping up with the increased cost of […]
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Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol Hill January 13, 2022 in Washington, DC. Drew Angerer | Getty Images Federal Reserve Governor Lael Brainard, who normally favors loose policy and low rates, […]
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Stocks making the biggest moves midday: Twitter, Carnival, First Solar and more
Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images Here are the companies making headlines in midday trading. Twitter — Shares of the social media company rallied more than 3% after Twitter announced that […]
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Apple just announced its big annual conference starts June 6, new iPhone software expected
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California. Brooks Kraft/Apple Inc/Handout via Reuters Apple said Tuesday that its annual developers conference, WWDC, will begin on June 6. The company will hold a launch event on the first day of the […]
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WarnerMedia’s Jason Kilar will depart CEO role as Discovery merger nears close
WarnerMedia CEO Jason Kilar will be stepping down from his role as the company’s merger with Discovery nears its close. Kilar made the announcement to employees via email on Tuesday before appearing on CNBC’s “Tech Check.” “I have been hear almost a year since the deal was announced for a couple simple reasons,” Kilar told […]
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There’s a new way to quickly send U.S. dollars around the world with bitcoin
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images There’s a new and low-cost way to quickly send U.S. digital dollars around the world without a bank. And it’s built on bitcoin. Blockchain start-up Lightning Labs announced Tuesday that it’s launching the Taro protocol, a technology that will route fiat-pegged stablecoins and other […]
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