Simone Del Rosario
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Biden has only weeks to safeguard policies from potential Trump victory
President Joe Biden has eight months remaining on his presidential first term. However, he has only weeks to safeguard his key policies and regulations from a potential Donald Trump victory in November. “The Biden administration is right now trying to rush out in final form all of the regulations that he’s been working on for… -
Billionaires discuss how to shut down Columbia protests in group chat: Report
A group of billionaires privately pressed New York City Mayor Eric Adams to break up campus protests at Columbia University in April, according to The Washington Post. The newspaper’s report is based on conversations from a private WhatsApp group chat filled with wealthy business moguls. Real estate magnate Barry Sternlicht reportedly initiated the chat through… -
How much sway does Fed’s interest rate policy have over residual inflation?
The latest consumer price report released on Wednesday, May 15, showed a slight easing of inflation in April. It was led by lower grocery prices and declining auto prices, both new and used. The Bureau of Labor Statistics said overall consumer prices rose 3.4% on the year and 0.3% on the month, with shelter and… -
Tariffs 101: Is raising tariffs on China a win for Americans?
Regarding tariffs on Chinese goods, 2024 presidential candidates Joe Biden and Donald Trump are more in lockstep than not. Both candidates appear to believe raising tariffs on China is a winning issue in key battleground states. On Tuesday, May 14, President Biden announced additional tariffs on Chinese electric vehicles, solar cells, advanced batteries, and semiconductors.… -
GameStop stock roars back on Monday with help from Roaring Kitty posts
The face of 2021’s meme-stock craze is back with a post on X. The single meme sent GameStop’s stock surging, eventually halting trading due to volatility. Keith Gill, better known as Roaring Kitty on YouTube and social media, returned to the platform previously known as Twitter for the first time in nearly three years Sunday,… -
Fmr. Fed president: If the Fed wants 2% inflation, they have to raise rates
At the start of the year, markets anticipated the Federal Reserve would cut interest rates six times in 2024. Five months into the year, even a single interest rate cut is questionable as inflation stays stubbornly above 3%. Minneapolis Federal Reserve Bank President Neel Kashkari said on May 7 the Fed may need to hold… -
With TikTok ban, US raises stakes in US-China tit for tat
China has yet to retaliate for the U.S. passing legislation that either bans or forces the sale of TikTok. However, history dictates China will act in an ongoing, technological tit for tat. On Tuesday, TikTok owner ByteDance sued to block the legislation, claiming it violates the U.S. Constitution. The government itself has not yet reacted… -
TikTok and ByteDance fight back, sue US government over potential ban
TikTok and ByteDance filed a lawsuit in federal court Tuesday, May 7, challenging legislation that would ban or force the sale of the popular app. The companies claim the new law violates the U.S. Constitution and referenced the First Amendment 27 times. The law, signed by President Biden in April, gives the Chinese parent company… -
Work 5 days a week? This US county is seeing success with 32-hour workweeks
The island county of San Juan in Washington state was one of the first local governments in the U.S. to switch most of its employees to a 32-hour workweek. Now, six months in, the county is “encouraged” by what it has seen. San Juan didn’t move to 32 hours out of sheer curiosity, like some… -
Cocoa prices are rich. Here’s when it will hit the grocery store.
In Steve Wateridge’s four decades covering cocoa, he said he’s never before experienced this level of global captivation by the cocoa market and its prices. Then again, prices have never been this high. “It’s a shame they didn’t care about it a bit more five years ago when something could have been done and should… -
Private equity firm bets on natural grass after artificial turf issues
On his first home game on artificial turf, Aaron Rodgers lasted just four snaps before his Achilles snapped at MetLife Stadium. His season-ending injury reignited a fierce debate about the safety of artificial turf. Now a sports-focused private equity firm is betting big on natural grass. Bruin Capital, founded by former NASCAR COO George Pyne, is reportedly… -
Trump vs. Fed: Allies plan for Trump to have more control over interest rates
An exclusive report from The Wall Street Journal claims that Donald Trump’s allies are drawing up plans to dull the Federal Reserve’s independence if the former president wins another term. Trump repeatedly clashed with the central bank during his four years in the White House. According to the Journal, these allies think the president should be… -
Growing pains: Will India replace China as global growth leader?
India already knocked off China as the most populous country in the world. Now, it’s going after China’s title of global growth engine, a crown that economists believe India could claim by 2028. To get there, though, the developing nation will need to address some growing pains. “I think everyone would be making a mistake…
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Andrew Cuomo sues for defamation after sexual harassment allegations
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