Good morning, this is Jason Ma in Los Angeles, where gas prices are falling — but still above $6 a gallon in most places. Fuel costs will be a key part of consumer price data for September coming from the Labor Department on Thursday and may signal where the Federal Reserve and the stock market…
Monthly Archives: October 2022
Disney has raised the price of its California Anaheim theme parks. Jae C. Hong/Associated Press Walt Disney has raised the price of tickets to its California theme parks. The most expensive day ticket for the park has gone up $15, or around 9%. Disney, like the rest of the US, is battling surging inflation amid the…
Amazon says it has secured up to 92 launches with ULA, Arianespace, and Blue Origin. The Associated Press Amazon is switching the rockets used to carry the first of its two Project Kuiper satellites. Amazon said Wednesday that it would use ULA’s Vulcan Centaur rocket, rather than ABL Space’s RS1. Amazon originally scheduled the launch…
Elon Musk at a SpaceX event in Texas in August. Michael Gonzalez/Getty Images Elon Musk would get very angry when staff at his first company, Zip2, weren’t working after 9 p.m. A former Zip2 worker, Jim Ambras, told a new BBC documentary that Musk’s face “would turn red.” Another ex-Zip2 worker said the world’s richest…
Crisis-hit Sri Lanka has been snapping up discounted Russian oil. Thilina Kaluthotage/NurPhoto via Getty Images Sri Lanka has been buying large amounts of Russian crude since March 2022. The island nation is in an economic crisis and fell into default in May. Data from analysis firms showed Sri Lanka imported all of its crude from…
It’s Friday Eve! Writing to you from New York, I’m Jordan Parker Erb. Social-media networks have no shortage of pitfalls. They’re known to be “toxic” to mental health, especially teens’. They can become echo chambers for disinformation. And the screentime we can rack up isn’t great either. But some platforms are trying to detoxify social…
Ole Obermann. Tolga Akmen / AFP. ByteDance is talking to music labels to expand its music-streaming services globally, per the WSJ. The move could set it up to compete with music-streaming rival Spotify. Insider first reported that ByteDance had filed a trademark application for “TikTok Music” in May. ByteDance, the parent company of TikTok, has initiated…
David Rosenberg. Screenshot via Bloomberg TV The Fed is fighting inflation too hard as price pressures are fading, David Rosenberg said. The central bank’s rapid interest-rate hikes are paving the way for an economic disaster, he said. The Rosenberg Research chief expects inflation to drop from over 8% to below 3% in the next year….
Microsoft’s $68.7 billion purchase of Activision Blizzard will have to gain approval from various regulators around the world before the deal can go through, including the UK’s Competition and Markets Authority (CMA). The CMA, which first announced its investigation in July, published a summary of its initial probe in September and recommended a more in-depth…
The electric toothbrush is a great invention that makes brushing your teeth easier and more convenient. The concept has been around for quite some time but has improved over the years, and SOOCAS has contributed to innovation in the field significantly with its latest collection. Founded in 2015, SOOCAS is devoted to producing various products…