Investing legend Mark Mobius sees interest rates climbing to 9% as the Fed battles against scorching inflation

Mark Mobius is a veteran emerging markets investor. South China Morning Post/Getty Images Interest rates could hit 9% as part of the Federal Reserve’s efforts to bring down inflation, Mark Mobius told Bloomberg TV.  if inflation is 8%, “the playbook says you’ve got to raise rates higher than inflation,” he said.  Investors are pricing in…

Trump-backed congressional candidate Bo Hines says he ‘can’t afford’ to give up his salary. But federal records show he has no salary.

Bo Hines, a 27-year-old Republican candidate for the US House of Representatives. Allison Joyce/Getty Images Bo Hines, a congressional candidate from North Carolina, twice claimed that he and his wife “can’t afford to give up a month’s salary.” The Republican reports no salary on his most recently reported personal finance disclosure. A trust fund is…

Sakhalin oil project hints at the potential collapse of Russian output when new EU sanctions take effect

Suriyapong Thongsawang The Sakhalin-1 project saw production tumble after Exxon refused to accept local insurance for tankers, sourced told Reuters.  Western firms stopped insuring tankers operated by state-run Sovcomflot after Russia invaded Ukraine. The EU’s next round of sanctions against Moscow will include a broader ban on Russian oil tanker insurance, among other energy-related services. …

Does VSCO notify when you screenshot? Here’s what to know about the photo-sharing app

VSCO doesn’t notify users of screenshots. Yuttana Hongtansawat/Shutterstock VSCO does not notify you if someone takes a screenshot of your photos or profile. VSCO is like many photo-sharing apps in that it does not notify users about screenshots. A few more privacy-minded apps like BeReal, Snapchat, and Instagram notify users about certain screenshots. VSCO isn’t…

Trump calls Colorado GOP Senate nominee Joe O’Dea a ‘RINO character’ and warns his supporters against voting for ‘stupid people with big mouths’ in the crucial race

Former US President Donald Trump speaks during a campaign rally at Minden-Tahoe Airport on October 08, 2022 in Minden, Nevada. Justin Sullivan/Getty Images Donald Trump lashed out at GOP candidate Joe O’Dea for listing others he wants to see run in 2024. O’Dea is running for Senate in Colorado, a race that could break the…

Elizabeth Holmes faces a hurdle in her bid for a new trial as the witness who went to her house with regrets stands by his testimony: ‘She needs to pay her debt to society’

Former Theranos CEO Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, U.S., July 17, 2019. Reuters/Stephen Lam Elizabeth Holmes’ bid to get a new trial is on shaky ground after a witness who helped convict her stood by his testimony. “I don’t want to help Ms. Holmes,” the witness,…

Exclusive: Amazon’s attrition costs $8 billion annually according to leaked documents. And it gets worse.

Amazon churns through workers at an astonishing rate, well above industry averages. According to a tranche of documents marked “Amazon Confidential” provided to Engadget and not previously reported on, that staggering attrition now has an associated cost. “[Worldwide] Consumer Field Operations is experiencing high levels of attrition (regretted and unregretted) across all levels, totaling an…