Business

International Monetary Fund Managing Director Kristalina Georgieva (pictured in March) said in a statement on Friday that the United States is on a crash course for a recession, but insisted that any temporary pain caused by a recession would be 'a necessary price to pay' to defeat the damaging inflation

IMF chief Kristalina Georgieva says US recession would be a ‘necessary price’ to defeat inflation

One of the world’s leading financial experts – who earns a $500,000 tax-free salary – has claimed a seemingly-impending recession is a ‘necessary price to pay’ to cut inflation. Kristalina Georgieva – head of the International Monetary Fund – made the remarks on Friday. She said a rebound in the global economy post COVID had …

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Unemployment Rates, Interest Rates, Mortgage Rates & Credit Card Rates

Unemployment Rates, Interest Rates, Mortgage Rates & Credit Card Rates

At a Senate hearing this week Jerome Powell was asked about balancing the Fed’s duel-mandate of price stability and maximum employment. Powell said, “Right now the labor market is extremely tight and I would say unsustainably hot. And there is a mismatch between supply and demand there.” I’ve used this chart before but it bears reposting: …

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Anti-abortion protesters gather outside the Supreme Court in Washington on Friday, June 24, 2022. The Supreme Court has ended constitutional protections for abortion that had been in place nearly 50 years, a decision by its conservative majority to overturn the court's landmark abortion cases.

More companies are covering abortion travel after SCOTUS decision

Corporations are in the hot seat after the Supreme Court overturned Roe v. Wade on Friday. At least 26 states are certain or likely to ban abortion as a result of the decision, according to a study by the Guttmacher Institute, a research group that supports abortion rights. Before Friday, many corporations avoided taking a stance …

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Disney, other U.S. companies offer abortion travel benefit after Roe decision

Disney, other U.S. companies offer abortion travel benefit after Roe decision

NEW YORK, June 24 (Reuters) – U.S. companies including Walt Disney Co (DIS.N) and Facebook parent Meta Platforms Inc (META.O) said on Friday they will cover employees’ expenses if they have to travel for abortion services after the U.S. Supreme Court overturned Roe v Wade. The U.S. Supreme Court on Friday overturned the landmark 1973 …

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Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

DK Metcalf, of the Seattle Seahawks, during a Meet & Greet with DIRECTV NFL SUNDAY TICKET subscribers at the DIRECTV NFL SUNDAY TICKET Lounge on Saturday Feb. 1, 2020, in Miami, FL. Peter Barreras | AP Disney, Apple and Amazon have all submitted bids to become the new broadcast rights owner of the National Football …

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Travel mayhem stretched to the eighth day with thousands of flights delayed and over 500 cancelations in the US, sparking Fourth of July chaos fears

Travel mayhem drags on as 500 flights are canceled and 1K are delayed in the U.S.

Travel mayhem stretched to the eighth day with thousands of flights delayed and over 500 cancelations in the US, sparking Fourth of July chaos fears.  As of Friday morning, over 2,104 flights were delayed within, into or out of the US, according to FlightAware. An additional 543 flights were canceled across the nation. Some of …

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Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Musk Cites Tesla Bankruptcy Fears, Wants You to Know Something Big

Elon Musk wants to share some good news. The Tesla  (TSLA) – Get Tesla Inc. Report CEO has been facing some challenges lately, including layoffs, lawsuits as a result of the layoffs and, according to the world’s richest man himself, concerns about bankruptcy. Musk said the electric vehicle maker faces billions of dollars in losses from …

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