Everything from mortgage rates to credit-card payments are now more expensive after the Fed made its third 75-basis-point hike in a row Wednesday, confirming that 0.75 is indeed the new 0.25, which was once the standard increment. I’m Phil Rosen, writing to you from New York. Markets whipsawed yesterday afternoon as the FOMC announced its…
Monthly Archives: September 2022
A view of Earth taken by NASA’s Earth Polychromatic Imaging Camera. Reuters The 2022 fall or autumnal equinox happens Thursday, September 22. The fall equinox happens when the sun’s warming rays square up perfectly with the earth. During an equinox at Earth‘s equator, the sun appears almost directly overhead. Thursday is this year’s fall equinox….
Jamie Dimon. Kimberly White/Getty Images Jamie Dimon slammed bitcoin and some other crypto as “decentralized Ponzi schemes.” The JPMorgan CEO said they enable theft, money laundering, and other crimes. However, Dimon touted blockchain and said he would welcome a properly regulated stablecoin. Jamie Dimon has doubled down on his disdain for bitcoin and some other…
Anatoly Gerashchenko, the former rector of the Moscow Aviation Institute. Moscow Aviation Institute The Moscow Aviation Institute’s former rector died in an accident on Wednesday, the facility said. Local media said Anatoly Gerashchenko, 72, died falling down several flights of stairs. It’s the latest in a string of accidental or untimely deaths of top Russian…
SpaceX CEO Elon Musk. Andrew Kelly/Reuters Elon Musk told CNBC that patents are “for the weak” and SpaceX doesn’t really have them. Patents can be used to block other companies from innovating, according to Musk. He told CNBC during a factory tour that rocket engines were built by the company in California. SpaceX CEO Elon…
Japan’s yen strengthened Thursday after Tokyo intervened in currency markets for the first time since 1998. Eugene Hoshiko/AP Japanese yen climbed 1% against the dollar Thursday after authorities moved to prop up the currency. Tokyo is selling dollars and buying yen in a bid to stop recent sharp declines. It’s the first time since 1998…
Kourtney Kardashian Barker. Axelle/Bauer-Griffin/FilmMagic/Getty Images More celebrities are launching personalized online marketplaces. Cortina enables celebrity marketplaces like Kourtney Kardashian’s Poosh and Graydon Carter’s Airmail. These marketplaces may soon replace department stores, Cortina founder Keith George says. In a few years, you might be buying everything from loafers to hair masks from celebrity marketplaces like Kourtney…
Nura’s first foray into wireless earbuds really impressed us last year, pairing the incredible personalised audio experience we’ve come to expect from the brand with a new level of portability and convenience. Now, the Australian company has launched a Pro version that, on paper, offers many improvements, including aptX Lossless audio. They won’t be replacing…
The OnePlus 11 Pro is one of many upcoming phones we’re looking forward to seeing in 2023, and it follows on from one of the best value-for-money flagship phones on the market this year: the OnePlus 10 Pro. Detailed rumours and image leaks have already started surfacing for the next premium phone from OnePlus,…
The iPhone 15 Pro could support the super-fast Thunderbolt 4 connection standard, according to a fresh tip. We’ve already heard a whole bunch of rumours suggesting that the iPhone 15 family will finally make the switch from Apple’s creaky old Lightning connector to the far superior USB-C standard. However, a fresh tip suggests that the…