Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty November’s strong jobs report was likely distorted, and the Fed still has room to slow and eventually pause rate hikes. JPMorgan Asset…
Sam Bankman-Fried speaks with Andrew Ross Sorkin during The New York Times DealBook Summit in New York City on November 30, 2022. Michael M. Santiago/Getty Images In new media appearances, Sam Bankman-Fried openly mused about his culpability in FTX’s crash. He denied trying to defraud stakeholders, but conceded the lax oversight of FTX’s risks. Public…
Shannon Stapleton/Reuters Sell stock rallies ahead of the likely recession shock for Main Street consumer sentiment in 2023, Bank of America said Friday. Job losses next year will shock consumers, as inflation did in 2022, analysts predicted. For now, the labor market still looks strong, with the addition of 263,000 jobs in November. Steep job…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. A savings account, money market account, and CD are three tools for…
Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. If you need money to cover an expense or make a purchase…
A McDonald’s outside of Fort Worth, Texas, will test a new format focused on to-go and mobile orders. McDonald’s McDonald’s is testing a new restaurant design for to-go and delivery orders. The location will have pickup shelves and a mobile order pickup drive-thru lane. Chipotle, Panera, Taco Bell, and other chains have added similar updates….
Evan Seyfried. Justice for Evan/Facebook The family of Evan Seyfried, who died by suicide in March 2021, is suing his employer claiming he was harassed and bullied. The lawsuit against Kroger challenges a decades-old precedent in Ohio that prevents placing legal blame in the case of suicide. The case sheds light on both rising suicide…
Thomas Barwick/Getty Images Apple’s mixed-reality headset will rename its operating software to ‘xrOS,’ Bloomberg reports. The name change comes as Apple ramps up its efforts on the AR/VR headset. The tech giant’s headset will be its newest product group since the Apple Watch was released. Apple is changing the name of the operating software for…
Victoria’s Secret Chief Financial Officer Timothy Johnson said the company should regain the supply chain confidence to chase trends next year. Alexander Sayganov/SOPA Images/LightRocket via Getty Images Many retailers are offering heavy discounts to cut down unusually high inventories. Victoria’s Secret execs said supply chain woes means it can’t ‘chase’ trends, adding to the pileup….
House Ways and Means Committee chairman Richard Neal speaks to reporters during a Capitol Hill news conference on October 26, 2021 in Washington, DC. Drew Angerer/Getty Images After finally scoring Trump’s tax records, House Democrats have to figure out what to do with them. Some are pressing to publicly release the financial records while others…