Getty Images The price of gold dropped as much as 1.6% Monday while the dollar climbed amid downbeat economic data from China. The key metal had notched four consecutive weeks of gains before the decline. In a surprise move, Beijing slashed interest rates as the nation’s economic activity continues to fall short of expectations. Following…
Monthly Archives: August 2022
Ikea Shanghai Xuhui was locked down by health authorities. Costfoto/Future Publishing via Getty Images An Ikea store in Shanghai was locked down because of a COVID-19 infection risk, Bloomberg reported. Shoppers reportedly ran to the exits, where security guards tried to close the doors, videos show. Authorities said a shopper had been in contact with…
Democratic Sen. Dianne Feinstein of California; Republican Sen. Chuck Grassley of Iowa; Independent Sen. Bernie Sanders of Vermont; and Republican Sen. Richard Shelby of Alabama. Getty Images The six oldest senators have spent a combined two-plus centuries serving in Congress. They have vastly different views on their own longevity in public life. Three are retiring,…
Russian President Vladimir Putin. Getty Images The ruble fell as the Kremlin allowed “friendly’ countries to re-enter its bond market. Investors haling from countries that haven’t taken part in sanctions against Russia are allowed to trade in debt securities. Russia’s currency tumbled as much as 1.5% to 61 against the US dollar on Monday. The…
Courtesy of Riley Riley, a 21-year-old college student, sells feet pics online. She uses a “stage name” for anonymity. She didn’t have time to get a second job, and she said feet pics are “pretty easy money.” This is her story, as told to writer Fortesa Latifi. This as-told-to essay is based on a conversation…
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Bed Bath & Beyond REUTERS/Emily Elconin Bed Bath & Beyond stock jumped 10% on Monday as meme-investors continue a nearly two week rally. The stock has been the most-mentioned on the popular Wall Street Bets forum over the past week. The retailer has struggled recently, reporting a net loss of $358 million in the last…
Schiphol Airport, Amsterdam Grace Dean/Insider If you’ve missed a flight from Amsterdam Schiphol because you were stuck in a line, you could get compensation. The Dutch airport is offering compensation to people who missed their flight because of lines. Passengers have to apply by September 30 and need proof that they arrived at the airport…
Senate Majority Leader Charles Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., are seen after the Senate Democrats luncheon in the U.S. Capitol on Tuesday, October 19, 2021. Tom Williams/CQ-Roll Call, Inc via Getty Images The Education Department unveiled a list of proposals to reform student-loan programs. 23 Democratic senators commended the proposals, and pushed for…
Federal Reserve Chair Jerome Powell is due to speak at a European Central Bank event Wednesday. Win McNamee/Getty Images The Fed’s goal of sticking a soft landing is within reach, according to a note from Goldman Sachs.The Fed is tasked with cooling down the economy to help supress inflation without creating a recession.These are the…