Fed’s Jerome Powell says rates likely need to higher, faster
The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps...
Elon Musk trolls Twitter employee with ‘Office Space’ clip
Twitter owner Elon Musk used a clip from the 1999 comedy “Office Space” to troll a disgruntled former employee who claimed the social media firm...
Larry Summers compares US economy to Looney Tunes cartoon
The US economy could face a “Wile E. Coyote moment” as the Federal Reserve struggles to bring down persistent inflation, according to ex-Treasury Secretary Larry...
JPMorgan CEO Jamie Dimon praises ‘pro-business’ Texas, Florida
JPMorgan Chase CEO Jamie Dimon has joined the growing list of corporate executives who are touting the advantages of expanding their business footprints in Sun...
Meta to lay off thousands more weeks after cutting 11,000 jobs
Meta Platforms Inc. is set to slash thousands of more jobs this week on top of the 13% workforce reduction that CEO Mark Zuckerberg announced...
Whiskey fungus infests town — Jack Daniels plants targeted in lawsuit
Tennessee residents who live close to Jack Daniels distilleries are trying to stop the company from building more facilities as a whiskey fungus overtakes surrounding...
Spending on luxury items cools but travel remains heated: Saks Fifth Avenue
Higher prices spurred by inflation are begining to make a dent with the well-to-do shoppers of Saks Fifth Avenue, according to the retailer’s new survey....
NYC bartenders using chat groups to warn each other about violent thugs
Besieged with rampant crime and sluggish response times from police, New York City bartenders and bouncers are using private chat groups to warn each other...
Adidas could ‘literally burn’ $500M in unsold ‘Yeezy’ apparel: report
Adidas could be forced to burn as much as $500 million worth of Yeezy sneakers after hastily cutting ties with rapper Kanye West last year...
Joe Rogan says Biden is mentally ‘gone,’ slams ‘f–king sideshow of diversity’ Cabinet
Joe Rogan slammed President Biden as mentally “gone” and gave a scathing review of his administration ahead of the Democrat’s expected re-election bid in 2024....