Monthly Archives: August 2022

Live: Gamescom Opening Night Live 2022 – the big announcements as they happen

We’re counting down the minutes until Gamescom 2022 Opening Night Live, the event that kicks off Europe’s biggest gaming convention. We will be covering Gamescom 2022 Opening Night Live… er, live, and sharing our thoughts on all the big announcements as they happen here, on our liveblog. This will be your one-stop shop for news,…

Biden is expected to announce broad student-loan forgiveness on Wednesday — a week before debt payments resume

U.S. President Joe Biden answers questions after delivering remarks about Russia’s “unprovoked and unjustified” military invasion of Ukraine on February 24, 2022. Drew Angerer/Getty Images Biden is expected to announce broad student-loan forgiveness on Wednesday, per Washington Post and Bloomberg. It would come exactly a week before payments are set to resume. Biden is reportedly…

Julian Robertson, the legendary investor at the center of a quarter-trillion-dollar web of hedge fund spinoffs, has died. Take a look at his legacy.

Ilya S. Savenok/Getty; Shayanne Gal/Business Insider Julian Robertson, the father of hedge funds and founder of Tiger Management, died at 90. He founded Tiger Global in 1980, which at its peak had $21 billion in assets under management. Robertson is also known for his ‘Tiger Cub’ proteges, which include Chase Coleman’s Tiger Global. Julian Robertson,…

The newest regional airline in the US just ceased operations after only 10 months of flying

Aha! livery Aha! Air-hotel-adventure, or Aha! for short, has filed bankruptcy and ceased operations less than a year after launching. The airline was run by former regional carrier ExpressJet Airlines that collapsed during the pandemic. CEO Subodh Karnik blamed high fuel prices and aircraft availability, among other reasons, for Aha!’s demise. Air-hotel-adventure, or more simply,…

Inflation will work itself out and help drive the stock market higher as the Fed leans into a pivot, JPMorgan says

JPMorgan’s Marko Kolanovic. Hollis Johnson/Insider Inflation is going to work itself out as distortions from the pandemic fade, according to JPMorgan’s Marko Kolanovic.The bank said that as inflation recedes it should help drive the stock market higher.“The Fed has over-reacted with 75bps hike. We will likely see a Fed pivot,” Kolanovic said. Inflation is going…

Joining the FIRE movement and becoming financially stable finally freed me to speak up about the harassment I faced during my years in the Navy

Westend61/Getty Images I faced bullying and mistreatment in the Navy and decided to leave service and go to Yale. Before leaving, I discovered the FIRE movement and started building my savings and investments. When my plan was derailed and I was suddenly unemployed, I had my savings to fall back on. In August 2019, I…

Amazon denied a worker’s death was caused by heat in the warehouse, but it’s since installed new AC and more fans, report says

Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images After an Amazon employee died in a warehouse last month, the company has reportedly added a new AC system. Workers said they believed overheating in the warehouse contributed to the employee’s death. Amazon said its investigation found the employee’s death was not related to working conditions….

One chart shows where your spending power is dwindling the fastest in the world’s biggest economies from the US to Japan

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks with Federal Reserve Board Chair Jerome Powell during the International Monetary and Financial Committee meeting, at the World Bank/IMF Spring Meetings in Washington, Saturday, April 13, 2019. Jose Luis Magana/AP Photo The US isn’t alone. The world’s largest economies are all dealing with sky-high inflation. While…

California farms have more than half a million acres unplanted this year due to drought, as food prices continue to climb

Farmer spreading chicken manure on crop field as fertilizer on the eastern shore of Maryland, USA. Edwin Remsberg/Getty Images California farms have left more than a half-million acres unplanted this year. Drought and resulting water-supply regulations are largely to blame. The decline in planting coincides with heightened inflation in food-at-home prices. Extreme drought in California’s…