United States
Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink […]
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Bitcoin drops below $18,300 as sell-off accelerates — here’s what happened
Bitcoin plunged to $18,248, and ether fell to $944 as of mid-afternoon on Saturday, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers. Carnage in the crypto market is partly to do with pressure from […]
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Former Amazon employee convicted in Capital One hack
Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, U.S., on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago in […]
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Why the $2 trillion crypto market crash won’t kill the economy
Francesco Carta Fotografo | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of […]
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One key problem has 1 in 4 expats ‘seriously considering’ or ‘planning’ to renounce U.S. citizenship
Valentyn Semenov / Eyeem | Eyeem | Getty Images While many filers dread tax season, Americans living abroad face even bigger yearly burdens — and those are frustrating enough that some want to ditch their U.S. citizenship. Roughly 1 in 4 American expatriates is “seriously considering” or “planning” to renounce their U.S. citizenship, according to […]
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UK approves WikiLeaks founder Julian Assange’s extradition to U.S.
WikiLeaks’ founder Julian Assange leaves Westminster Magistrates Court in London, Britain. Henry Nicholls | Reuters The U.K. has approved the extradition of WikiLeaks founder Julian Assange to the U.S., where he is wanted over the publication of hundreds of thousands of classified military documents and diplomatic cables. The deportation was approved Friday by U.K. Home […]
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Golden State Warriors beat Boston Celtics 103-90 to win 4th NBA title in 8 years
Stephen Curry of the Golden State Warriors smiles during Game Six of the 2022 NBA Finals on June 16, 2022. Stephen Curry scored 34 points for the Warriors, who claimed the franchise’s seventh championship overall. Jesse D. Garrabrant | National Basketball Association | Getty Images The Golden State Warriors are NBA champions once again, topping […]
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GOP Georgia Senate nominee Herschel Walker admits having 2 more ‘secret’ children — now says he has 4 kids
Herschel Walker, US Republican Senate candidate for Georgia, speaks during a campaign rally in Macon, Georgia, US, on Wednesday, May 18, 2022. Elijah Nouvelage | Bloomberg | Getty Images Herschel Walker, the Republican nominee from Georgia for the U.S. Senate, confirmed that he has two more previously unknown children, adding another “secret” child that the […]
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Tesla hikes U.S. prices across car models
Interior view of a Tesla showroom on April 26, 2022 in New York City. Kena Betancur | Corbis News | Getty Images Tesla raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues. The electric carmaker increased its Model Y long-range price to $65,990 from […]
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A shallow recession is on the way, strategists warn. Here’s how it could play out
Traders work, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, June 15, 2022. Brendan McDermid | Reuters A shallow recession in the U.S. is a “virtual certainty” in the third quarter, according to Destination Wealth Management’s […]
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