Monthly Archives: August 2022

The Fed won’t slow its rate hikes because the economy is still strong enough to take more tightening, top economist Mohamed El-Erian says

REUTERS/Fred Prouser The Fed won’t slow down its rate hikes as the economy is strong enough to tolerate more tightening, Mohamed El-Erian said. “I think the Fed is going to welcome the latest print, but it’s not going to slow down in any significant manner,” the top economist told CNBC. He expects the next Fed…

Mark Cuban says a tax on stock buybacks ‘is a good idea’ as repurchases reward investors for selling a company’s shares

John Lamparski/Getty Images Mark Cuban believes that a provision of the Democrats’ spending bill taxing buy backs is a good idea.  The billionaire investor told Squawk Box that buybacks are no longer as tax rewarding as in the past.  Cuban added that buying back shares rewards investors for “leaving and selling.” Mark Cuban thinks that…

Merrick Garland confirms he personally signed off on the FBI’s decision to search Mar-a-Lago

United States Attorney General Merrick Garland. REUTERS/Evelyn Hockstein/File Photo Attorney General Merrick Garland confirmed Thursday that he personally signed off on the search warrant used to raid Trump’s Mar-a-Lago property. Garland also announced the Department of Justice filed a motion to unseal the search warrant and an FBI property receipt.  “Federal law, long-standing department rules,…

I quit my management consulting job to teach flying trapeze. I make way less money, but following my dream has been worth it.

David Paasche. Courtesy of David Paasche David Paasche is a flying trapeze instructor in Dallas who left consulting to do circus full-time. He was nearing a six-figure salary and now makes $15 an hour, but he’s more fulfilled and happier. Here’s what his job is like, as told to writer Christine Gilbert. This as-told-to essay…

FEC says Google can let political campaigns dodge Gmail’s spam filters

The Federal Elections Commission has rubber stamped a proposal from Google that could make it easier for political campaigns to skirt email spam filters. Commissioners voted 4-1 to approve a Gmail pilot, agreeing with Google that the program wouldn’t run afoul of election rules, as The Washington Post reports. In June, Google asked the FEC…

IKEA will install Electrify America’s fast EV chargers at over 25 US stores

You might not have to worry about charging your EV the next time you’re shopping for build-it-yourself furniture. IKEA has struck a deal to bring Electrify America’s fast chargers to more than 25 stores in the US. The rollout will bring over 200 individual chargers to shops in 18 states, including California, Florida, New York,…

Ex-BioWare boss’ Victorian fantasy adventure Nightingale delayed into next year

Inflexion Games, the studio founded by former BioWare boss Aaryn Flynn, has announced a delay for its Victorian fantasy adventure Nightingale, with the game now expected to enter early access some time next year. Nightingale, described as a “shared world survival crafting game”, was initially announced a few years back, but got its first proper…