Monthly Archives: September 2022

An Iranian ship snatched 2 US Navy drone boats and tried to hide them under a tarp before eventually releasing them overboard: US official

In this frame grab from Iranian state television, Iranian navy sailors throw an American sea drone overboard in the Red Sea on Thursday, Sept. 1, 2022. Iranian state television via AP An Iranian ship snatched two US Navy drone boats from the Red Sea on Friday, a US official said. Iran’s Navy tried to hide…

Record company profits might be hurting your wallet — and helping your job security

Costco Wholesale Dominic Lipinski – PA Images / Contributor / Getty Images US corporations reported record profits in the 2nd quarter. At the same time, consumers have been faced with the rising prices. Layoffs remain near historic lows — this could continue as long as companies’ profits remain intact. Many US corporations are thriving as…

The ‘Goldilocks’ August jobs report all but confirms a 75 basis point rate hike from the Fed later this month

Samuel Corum/Getty Images The “Goldilocks” August jobs report all but confirms the Fed will raise interest rates by 75 basis points later this month, ING said.After its outsized interest rate hike this month, the Fed will slow future rate hikes to 50 or 25 basis points.“3.5mn jobs have been created in 2022 despite the economy…

Female managers give out better pay packages than male managers, new study reveals: ‘We were shocked at how drastic the discrepancy was here’

sanjeri/Getty Images A study looked into the role of a manager’s gender in deciding how much to compensate workers. Female managers were more likely to pay workers adequate wages even if it came out of their pay. The study adds to an ongoing discussion of the importance of gender makeup of leadership boards. A new…

Woman accused of catfishing mystery CEO and threatening to release sexually explicit pics allegedly used ‘multiple identities to target wealthy men’

Bill Hinton/Getty Images 34-year-old Sakoya Blackwood was arrested Wednesday on charges of cyberstalking and extortion.  Blackwood allegedly catfished the CEO of a publicly trade company as part of an extortion ploy.  She is accused of threatening to release explicit images and conversations in exchange for money.  A 34-year-old New York woman accused of catfishing an…

Stocks haven’t bottomed yet and investors should still wait for more bullish signals, BofA says

Traders work on the floor of the New York Stock Exchange TIMOTHY A. CLARY / Getty Images Stocks still have room to fall as several bullish indicators have not been triggered yet, Bank of America said Friday. On a macro scale, BofA analysts said the economy still shows the “early innings” of a downturn.  Of…