Fed delay on raising interest rates ‘was a mistake,’Bernanke says
Former Federal Reserve[1] Chairman Ben Bernanke[2] said that the central bank waited too long in addressing inflation[3]. The question is why did they delay that? … Why did they delay their response? I think in retrospect, yes, it was a mistake, he told[4] CNBC Monday. And I think they agree it was a mistake. Consumer […]
Median CEO Pay Leaps to Record $14.7 Million as WorkersStrike for Better Wages
As workers across the U.S. attempt to unionize and walk off the job over brutal conditions and starvation wages, an analysis released Sunday found that the median pay package of top U.S. CEOs jumped to $14.7 million in 2021 the sixth consecutive record-breaking year for executive compensation. According to the Wall Street Journals review[1] of […]
US added 428,000 jobs in April despite surginginflation
WASHINGTON (AP) Americas employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Fridays jobs report from the Labor Department showed that last months hiring kept the unemployment rate at 3.6%, just above the lowest […]
Could Major Changes To The NYC Salary Transparency Law BeGood?
Friendly hr manager holding interview with vacancy candidate. getty New York City is on the cusp of becoming the first major city to enact a law requiring employers to post certain types of salary information with job postings. The goal of this law is to address the problem of unequal pay in todays workplace. In […]
Supreme Court strikes down candidate repayment rules in casebrought by Ted Cruz
Provided by Washington Examiner The Supreme Court[1] on Monday struck down a federal restriction relevant to candidates who loan large sums of money to their own political campaigns, marking a win for Sen. Ted Cruz[2] (R-TX), who challenged the Federal Election Commission’s[3] campaign finance rules. In a 6-3 ruling delivered by Chief Justice John Roberts[4], […]
Tech industry group cites inflation in ad slamming antitrustbill
A group representing the nation’s largest tech companies is rolling out a seven-figure TV ad campaign slamming a key antitrust proposal that seeks to curb tech giants’ power, warning it could raise already soaring prices on consumers. The Computer and Communications Industry Association (CCIA) which represents companies such as Amazon, Google, Apple and Facebook released […]
Why Tesla Stock Got Dented Today
What happened It’s Monday, and with the Dow, S&P 500, and Nasdaq[1] all down fractions of a percent, it seems stock markets are going into the red again today — and so is Tesla (TSLA[2] -4.21%). As of 11:10 a.m. ET, Tesla shares have fallen 4.2% on reports that COVID-19-related lockdowns in China have dented […]
Goldman Sachs cuts its US GDP forecast for 2022 again,saying the Fed’s rate hikes are ‘in the ballpark’ for coolinginflation
Slower economic growth will worsen unemployment rates, Goldman said.Photo by Thomas Koehler/Photothek via Getty Image Goldman Sachs cut its US GDP growth outlook for 2022 and 2023, saying financial conditions are tighter. The bank’s economists forecast US GDP will expand by 2.4% this year, down from an estimate of 2.6%. The Fed’s rate hikes are […]
McDonald’s exiting Russia after more than three decades –104.5 WOKV
NEW YORK After more than 30 years in the country, McDonalds announced on Monday it is pulling its golden arches from Russia. The fast food chain said it is exiting the Russian market and has begun the process of selling its business there. The move comes after McDonalds temporarily shut down its restaurants and paused […]
Square Enix made $394 million profit last year, andcontinues to bang on about the blockchain
Audio player loading… Square Enix has announced its results for the fiscal year that ended on March 31, 2022, and the take-home message is that it made a lot of money, and a lot of that money is going into the blockchain. The results document[1] shows that the company had sales of 365.2 billion (about […]