The Bank of England announced it would hike interest rates by 75 basis points Thursday as it battles to crack down on surging inflation. Yui Mok/Pool Photo via AP The Bank of England on Thursday raised interest rates by 75 basis points to 3%. The rate hike, the UK central bank’s eighth in a row,…
Elon Musk could lay off a large proportion of Twitter’s workforce. Manu Cornet A Twitter software engineer said he was fired on Tuesday, just days after Elon Musk took control. Emmanuel Cornet said he believes the new management didn’t want to deal with a “troublemaker.” Twitter HR last year asked him to take down cartoons…
Author Stephen King compared Elon Musk to a character in a book amid his plans to make users pay for Twitter verification. Britta Pedersen / POOL / AFP / Lou Rocco/Disney General Entertainment Content via Getty Images Stephen King likened Elon Musk to a character who cons friends into doing chores and then charges them….
Then-Pakistani Prime Minister Imran Khan speaks during a joint press conference with Afghan president at the Presidential Palace in Kabul on November 19, 2020. WAKIL KOHSAR/AFP via Getty Images Imran Khan, until recently the leader of Pakistan, was shot on Thursday. His political party said he was shot in the leg, and he was stable…
Jerome Powell. Reuters The Federal Reserve hiked interest rates by 75 basis points to a range of 3.75% to 4% on Wednesday. Fed Chair Jerome Powell said rates would continue rising to a higher peak than previously expected. Stubborn inflation means higher rates are needed, raising the risk of a recession, he said. The Federal…
Apple’s market cap was $2.307 trillion at Wednesday’s close. Loren Elliott/Reuters Apple’s market value is now higher than that of Alphabet, Amazon and Meta combined. The iPhone maker’s worth stands at $2.307 trillion, while its tech peers add up to $2.306 trillion. Tech stocks have suffered after posting poor quarterly earnings, but Apple dodged a…
Rapper and entrepreneur Kanye West has experienced several thefts from his 2020 presidential campaign account. Saul Loeb/AFP via Getty Images Ye’s 2020 presidential campaign account still has lots of money in it. And thieves keep stealing money from the fund. West, who has made repeated anti-Semitic statements, is considering a 2024 presidential run. Add another…
Top investors are reacting to the Federal Reserve’s latest interest rate decision. Patrick Semansky/AP Photo The Federal Reserve hiked interest rates by 75 basis points for a fourth consecutive time Wednesday. Top investors are sharing how they think the central bank’s latest move will impact markets. Larry Summers, Mohamed El-Erian, and Wall Street’s top stock…
The Citation Multibeam 1100 is far from Harman Kardon’s first soundbar rodeo. As well as launching a well received but fairly budget model, the Citation 700, back in 2020, it racked up extensive soundbar experience through its long-running relationship with Samsung’s soundbar division. The Citation Multibeam 1100 is, though, the first really serious soundbar to…
Over the years, tech start-ups and giants have come and gone. In the ever-changing world of technology, a company needs to do more than just keep up with the times in order to survive. We’ve seen even huge companies go bust over the few decades and even the most promising products can end up obsolete in…