Federal Reserve Chair Jerome Powell. Brendan Smialowski/Reuters The Federal Reserve only needs to raise interest rates by another 100 basis points in this tightening cycle, Wharton professor Jeremy Siegel told CNBC on Friday. The economy is already showing signs of slowing down with the four rate hikes it’s issued so far this year, he said. …
Monthly Archives: August 2022
Rachel Morgan Cautero’s parents kept the same manual trash can (pictured in the background) for nearly 20 years. Rachel Morgan Cautero My parents kept the same trash can for years. It worked fine so they didn’t see a need to replace it. That taught me a lesson: There’s no sense in replacing things I own…
Federal Reserve chair Jerome Powell is set to speak in Jackson Hole Friday. Carlos Barria/Reuters Investors are too closely focused on inflation and the Federal Reserve, a Bank of America strategist said. They should pay attention to the long end of the bond yield curve, Savita Subramanian told Bloomberg. Analysts will closely assess Fed Chair…
A sailor aboard US Navy destroyer USS Spruance investigates a contact during a Taiwan Strait transit on March 1, 2014. Lt. j.g. John Horne/US Navy US and Chinese warships regularly operate in close proximity to each other in the Western Pacific. By and large, interactions with Chinese naval and air forces are professional, US Navy…
The pandmic has pushed XR, including a variety of VR and AR use cases, beyond gaming and entertainment.Do you work in the Tech industry? Get business insights on the latest innovations, market trends, and your competitors with data-driven research.The following is a preview of one Insider Intelligence report, US Virtual and Augmented Reality Users 2021….
Getty Images Home heating prices in the UK this winter will be nearly triple the levels from a year ago. A UK industry regulator raised its cap on prices starting October 1 to £3,549, or about $4,189. “The price of energy has reached record levels driven by an aggressive economic act by the Russian state,”…
The coronavirus pandemic has claimed the lives of over 901,000 Americans. gruizza/Getty Images In the US, there is no law giving workers paid time off to attend a loved one’s funeral. Most US workers receive only three days to grieve the loss of a close family member. If you’re struggling with grief, reach out to…
The new logo for MoviePass. MoviePass MoviePass had 463,000 signups to its waitlist in first 24 hours, according to the company. There were 30,000 signups in the first five minutes of the waitlist opening on Thursday, CEO Stacy Spikes said. It caused a nearly three hour crash of its server, Spikes said. MoviePass had an…
Chromebooks once had a reputation for being cheap and limited, but that hasn’t been true for a while now. The combination of years worth of software updates and laptop manufacturers making more powerful and better-built Chromebooks means there are a ton of good Chrome OS machines that work well as everyday drivers. Of course, there…
Lucid has a mission: to take on the German luxury brands. Those automakers all have their own performance sub-brands, so Lucid now does. At the annual Monterey Car Week festivities, Lucid unveiled its Sapphire performance brand. As expected, the Air was the first to get the high-powered treatment. The Lucid Air Sapphire has 1,200 horsepower…