Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation
Average interest rates for bank-issued credit cards this past November surpassed a record set in 1985, Axios reported Wednesday, citing…
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Money & The Economy
Top Execs Depart Floundering Electric Vehicle Startup
Several executives at electric vehicle startup Rivian have departed the company in the past several months as the company struggled…
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Money & The Economy
‘Here To Stay’: These Asset Managers Say Markets Are Underestimating Inflation
Major asset managers are pushing back on the market’s expectation that inflation and U.S. interest rates have peaked and are…
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Science, Technology, and Social Media
‘Any Messaging You Want’: Facebook Asked Biden Admin For Talking Points After FDA Vaccine Blood Clots Warning
Facebook requested talking points from the Biden administration to “get ahead” of the possibility that people might be less likely…
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Science, Technology, and Social Media
‘These Questions Weren’t Rhetorical’: White House Staff Grilled Facebook For Not Censoring Tucker Carlson, Docs Show
Members of the Biden administration pressured Facebook on not censoring a video of Tucker Carlson that was critical of vaccines in…
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Money & The Economy
Major Bank Announces Biggest Layoff Since ’08 Great Recession
Goldman Sachs will begin laying off more than 3,000 employees this Wednesday, cutting costs ahead of what the company expects…
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Money & The Economy
December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes
The U.S. added 223,000 jobs in December, surpassing investor expectations by roughly 20,000 and cooling from the roughly 270,000 jobs…
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Money & The Economy
Corporate Execs And Insiders Shy Away From Stocks In ‘Warning’ Sign For Economy
Despite crashing stock prices, corporate executives have been shying away from their companies’ stocks in the past six months, a…
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Money & The Economy
Sales Software Firm Becomes Latest Tech Titan To Issue Layoffs
Salesforce, the owner of popular business communication app Slack and developer of other sales software, is planning to cut thousands…
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Science, Technology, and Social Media
Regulator Fines Tech Giant Millions For Showing Targeted Ads Based On User Activity
An Irish data privacy regulator has issued fines totaling €390 million — roughly $410 million — against Facebook and Instagram…
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Money & The Economy
US Manufacturing Cratered In December At Fastest Rate Since Pandemic Began
The S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) fell at the fastest rate since May 2020 in December, a…
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Money & The Economy
Majority Of Big Banks Predict Significant Economic Downturn In 2023: POLL
Of 23 major financial institutions that work directly with the Federal Reserve, 16 anticipate a recession within the next 12…
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Money & The Economy
POLL: Small Businesses See Signs Of Hope After Brutal 2022
Despite a historically tight labor market, small business owners reported that hiring difficulties had eased in December, markedly improving compared…
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In The News
Bahamian Regulator Says It Seized $3.5 Billion From FTX To ‘Safeguard’ It
The Securities Commission of The Bahamas announced late Thursday that it had seized $3.5 billion worth of crypto assets from…
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Money & The Economy
As Other Automakers Push EVs, This Luxury Brand Drove Laps Around Them In 2022
While electric vehicle (EV) startups that once seemed promising saw their stock prices plummet far faster than the rest of…
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