Monthly Archives: July 2022

The US might avoid a recession, but it won’t be unscathed if the European economy tanks

Christine Lagarde, President of the European Central Bank. ECB will meet this week to discuss interest rates as signs of a weakening economy grow. Pool/Getty Images Several US bank executives recently said they don’t believe the US is on the brink of a recession. Europe might not be so lucky, however, and that would also…

A Neuralink cofounder left Elon Musk’s brain-chip company, leaving it with just 2 of its 8 founding members

Neuralink CEO Elon Musk. Patrick Pleul/AP Neuralink cofounder Paul Merolla announced he has left the company in a blog post. Merolla said he was leaving to pursue a new project which is “still in stealth.” Sources told Reuters two out of eight Neuralink cofounders remain at the company, one of whom is Elon Musk. Neuralink,…

Truck drivers say employers pressured them to drive for longer than they were legally allowed to after changing their electronic log times

11Alive Investigates spoke to three truckers who said their employers were changing their electronic log times so they could drive over the legal limit. Erik Isakson/Getty Images Truckers told 11Alive Investigates they were pressured to drive for longer than legally allowed. They said their employers changed logging devices, despite the legal driving limit being 11…

Netflix rises as much as 7% after Q2 earnings show content like ‘Stranger Things’ helped stem the loss of subscribers

“Stranger Things” season four, volume two. Netflix Netflix rose in Wednesday’s premarket after better-than-expected Q2 subscriber figures. The streaming giant lost fewer than half the 2 million subscribers it expected to shed in the quarter. Quarterly revenue missed, which Netflix blamed on dollar strength, saying it was a headwind for multinationals. Netflix stock rose in…

Top Jan. 6 rally organizer wanted to stop Barack Obama’s certification as president in 2009, report says

Amy Kremer speaks at a pro-Trump rally on January 6, 2021. AP Photo/Jacquelyn Martin, File Amy Kremer was one of the lead organizers of the Jan. 6, 2021, rally that preceded the Capitol riot. In 2009, she wrote a blog post asking Congress not to certify Obama as president, The NYT reported. She referenced the…

Bubble expert Jeremy Grantham predicts weak earnings will hammer stocks – and warns the S&P 500 could plunge another 25%

Jeremy Grantham. REUTERS/Nicholas Roberts Jeremy Grantham expects feeble company earnings to worsen the stock-market downturn. The GMO cofounder suggested the S&P 500 could plunge by another 25% before reaching a fair value. Grantham warned the market downturn could last anywhere between six months and three years. Jeremy Grantham warned a looming slump in corporate profits…