Monthly Archives: September 2022

The ‘market riot’ won’t stop until the Fed pivots from quantitative tightening, Societe Generale strategist says

Federal Reserve Chair Jerome Powell. Win McNamee/Getty Images A “market riot” won’t stop until the Fed reverses course on its aggressive tightening strategy, Societe Generale global strategist Albert Edwards said.  UK gilts “have crashed horribly,” forcing the Bank of England to temporarily halt its quantitative tightening by buying long-dated bonds, he said Thursday.  The “markets…

Ford’s tiny truck can run you anywhere from $20,000 to $40,000: See the differences between the basic Maverick XL and fancy Lariat

The Ford Maverick XL (top) and Lariat. Tim Levin/Insider The Maverick is Ford’s newest small truck, and it starts at around $20,000.  Add on all-wheel drive, a bigger engine, and fancy upgrades and that cost could double.  We drove a bare-bones XL and a well-optioned Lariat to find the biggest differences between the two.  Ford’s…

S&P 500 closes at new low for 2022 and Dow falls 458 points as sell-off resumes on recession fears

Lucky-photographer/Shutterstock Major US indexes plunged Thursday after staging a relief rally in the prior session.  UK prime minister Liz Truss stood by proposed tax cuts, despite a chorus of vocal critics. US Treasury yields hit multi-year highs this week as markets react to growing recession fears.  US stocks sank Thursday following a relief rally in…

Ginni Thomas, wife of Supreme Court Justice Clarence Thomas, told the Jan. 6 investigators she still believes the 2020 election was stolen, committee chairman tells CNN

Conservative activist Ginni Thomas and January 6 committee chair Rep. Bennie Thompson of Mississippi. AP Photos/Susan Walsh and J. Scott Applewhite Ginni Thomas told January 6 investigators that she still believes the 2020 presidential election was stolen. Committee chair Bennie Thompson told CNN about Thomas’ comments during a closed-door interview. Her interview could become part…

An Apple executive is leaving the company after being filmed joking about fondling ‘big-breasted women’ in a viral TikTok video

VCG/VCG via Getty Images Apple exec Tony Blevins is leaving the company following a TikTok video of him making a crude joke. He was filmed earlier this month saying he fondles “big-breasted women” for a living. Blevins is a 22-year Apple veteran who works with the company’s manufacturing and delivery partners. A senior Apple executive…

Sen. Dianne Feinstein chides staffers as they race to prep her for stopgap government funding vote: ‘I don’t even know what that is’

Democratic Sen. Dianne Feinstein of California walks through the Senate subway on her way to a vote at the US Capitol on September 12, 2022 in Washington, DC. Drew Angerer/Getty Images Dianne Feinstein got angry with aides trying to debrief her about a pending vote on Thursday. “I don’t even know what that is,” the…

Twitter embraces TikTok-style ‘immersive’ video

Videos on Twitter will now look a lot more like TikTok. The company announced that it’s switching to a full-screen “immersive” video player for watching clips. It’s also borrowing the now-familiar “swipe up” gesture that will allow people to endlessly scroll through more videos on the platform. The update will make watching videos on Twitter…