Monthly Archives: July 2022

Steve Bannon is not testifying or calling any defense witness at his contempt of Congress trial

Robert Costello represented Bannon in dealings with the House January 6 panel. Win McNamee/Getty Images Steve Bannon has spoken outside court after each day of his trial, but he won’t take the stand. Bannon also will not call his lawyer Robert Costello, who was identified as a possible witness. His lawyer David Schoen confirmed in…

The ‘Great Regret’ isn’t just for job switchers. Some of the smartest companies in the world realized they hired too many people.

Layoffs and hiring freezes are sweeping the nation across industries, from automotive to big tech. Reza Estakhrian/Getty Images Over the last year, companies have been hiring at a rapid clip as workers job switch. But now, layoffs are brewing, and companies are letting go of some of their new workforce. Just as workers might have…

Retail investors are reluctant to buy stocks again following this year’s bear market decline, JPMorgan says

Getty Images North America/Getty Images Retail investors are reluctant to step back into the stock market amid the current bear decline.That’s according to JPMorgan, which observed subdued equity flows, low NYSE margin accounts, and depressed call option buying.“The younger cohorts’ deleveraging has advanced by so much that all the previous post pandemic increase has been…

A mountain of garbage keeps catching on fire in Delhi — these people live next to it

Ragpickers dangerously pick through trash in Indian landfills every day. The same Indian landfills have burst in flames due to heat waves. These fires can cause extreme damage to locals’ lungs. One of Delhi’s largest landfills burned for two months. It was supposed to close more than 10 years ago, but today, thousands of people…

Pelosi reportedly pushes State Department to identify Russia as a state sponsor of terror, saying that if it won’t, Congress will

House Speaker Nancy Pelosi attends her weekly news conference at the US Capitol on February 23, 2022 in Washington, DC. Win McNamee/Getty Images Pelosi is urging Blinken to designate Russia as a state sponsor of terror, Politico reported. Pelosi warned that Congress would make the move if the State Department doesn’t, the report said.  Russia…

Amazon’s electric Rivian vans are now making deliveries across the US — see how they were designed

AP Amazon first revealed its electric delivery van in 2020, and now they’re expanding to more cities. The e-commerce giant has plans for 100,000 custom electric delivery vehicles from electric vehicle maker Rivian. The move to electric vehicles is part of Amazon’s Climate Pledge, aiming to reach zero net carbon by 2040. Amazon is rolling…

Vitalik Buterin says the ethereum network’s upcoming ‘surge’ will boost the network’s scalability

Vitalik Buterin. Michael Ciaglo/Getty Images Ethereum will become more scalable after the network “surge,” Vitalik Buterin said Thursday.  “Ethereum will be able to process 100,000 transactions per second,” the ethereum co-founder told a conference in Paris. He also said the network will be 55% complete following the so-called merge, which will move the protocol to…

Here’s who would take over if Joe Biden can’t perform his duties as president

President Joe Biden and Vice President Kamala Harris. Chip Somodevilla/Getty Images Joe Biden tested positive for COVID-19 on Thursday morning. He has “very mild” symptoms. The White House says he will “continue to work in isolation until he tests negative.” A long list of people are in line to take over if he can’t perform…