Simone Del Rosario
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Germany recession is unavoidable amid energy crisis: Deutsche Bank CEO
Recession in Germany is unavoidable amid Russia’s war in Ukraine and the energy shortage that has followed, Deutsche Bank CEO Christian Sewing warned Wednesday. But his words of caution stretched beyond the country’s relationship with Russia, noting its dependence on China must also be examined. “Russia’s war against Ukraine has destroyed a number of certainties… -
CVS beats out Amazon in $8 billion Signify Health acquisition
CVS scored big with its $8 billion acquisition of Signify Health, a tech platform that coordinates in-home healthcare services, beating out challengers like Amazon in a bidding war. The deal moves the drugstore giant away from your neighborhood pharmacy and into your home. “This acquisition will enhance our connection to consumers in the home and… -
Move over tuition: 5 surprising ways universities make money
The conversation over the cancellation of student debt is shining a light on how much colleges charge for tuition. The cost to attend college has risen 169% from 1980 to 2019, while pay for young workers is up just 19% over the same time period, according to a Georgetown University report. But tuition, grants and… -
Fast food workers could make $22 per hour if California bill signed into law
The California legislature passed a bill this week that would allow a state council to set wages and worker conditions across the entire fast food industry. If signed into law, it would be a rare example of “sectoral bargaining” in the U.S., where parties bargain at an industrywide level versus with one business or location.… -
Chip shortage update: J.P. Morgan predicts semiconductor industry rebound
Ongoing supply chain issues have created a persistent need around the globe for more semiconductor chips. The worldwide chip shortage has led to the cancellations of more than three million vehicles from automakers’ production schedules. Yet some experts are predicting a rebound could be on the horizon. According to J.P. Morgan Research, “More chips will become available… -
Honda, LG join for $4.4B EV battery plant in US in move away from China
The electric vehicle battery market is getting a boost in the U.S. with increasing pressure to get manufacturing out of China. On Monday, Japanese carmaker Honda and South Korea’s LG Energy announced a $4.4 billion deal to build a battery plant stateside, with mass production expected to start in 2025. The lithium-ion batteries will be… -
Powell warns of ‘pain to households and businesses’ in bringing down inflation
In a widely anticipated address in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell remained hawkish in his resolve to restrict inflation, sending markets tumbling Friday morning. Powell noted that history “cautions strongly against prematurely loosening policy.” His speech at the Jackson Hole Economic Symposium was notably briefer than previous years, as the globe faces… -
Battle of the retail giants: 5 ways Walmart is competing with Amazon
Amazon is the undisputed champion of e-commerce but the king of brick-and-mortar sales is taking huge steps to challenge that dominance. We have the ways Walmart is competing to replace Amazon in this week’s Five for Friday. #5: Exclusive memberships Nothing sets the e-commerce giant apart from the competition more than Amazon Prime. Walmart is… -
Student loan relief will increase inflation, wipe out Inflation Reduction Act benefits
Economists expect President Joe Biden’s sweeping student debt relief action will add fuel to the inflationary fire already facing the nation. On Wednesday, the president announced plans to cancel between $10,000 and $20,000 in student loan debt for borrowers earning less than $125,000 a year. The White House estimates roughly 43 million Americans will qualify… -
Biden’s student loan cancellation will be ‘all for naught’ without systemic solutions
With the swipe of a pen, President Joe Biden is wiping away student debt for millions of Americans, with a hefty price tag of around $300 billion for the American people. But already, experts are questioning the long-term impact of this historic moment. “When you provide one-time loan forgiveness to all borrowers, what do we… -
Biden’s student loan decision down to wire, leaving millions in the dark
With just one week before student loan payments theoretically start up again for 45 million people, the Biden administration has so far left both borrowers and loan servicers in the dark. After nearly two-and-a-half years of a payment pause, the looming August 31 deadline has both parties scrambling for answers and time. “The fact that… -
Whistleblower: Twitter riddled with security problems, execs lying to board
Twitter is reportedly rife with security problems, failing to protect user data and lying about it to the company’s board and federal regulators. Those are the accusations in a damning whistleblower report by Twitter’s former security chief, according to documents obtained first by CNN and The Washington Post. Peiter “Mudge” Zatko is a renowned hacker… -
Amazon’s Signify Health bid marks latest attempt to expand into healthcare
First, it took on books. Then, it disrupted the retail industry. Now Amazon is setting its sights on the healthcare industry. The world’s largest online retailer is putting its hat in the ring to buy Signify Health, a healthcare platform that uses analytics and technology to coordinate in-home healthcare services. Amazon.com, Inc., known for e-commerce,…
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DeSantis backs getting rid of Florida’s property tax. What would that look like?
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DVIDS
Historic flight for Poland’s first F-35 pilot
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CBS Photo Archive/Getty
‘Indefensible’: Rachel Maddow condemns MSNBC’s removal of non-white hosts
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AP Images
As New York prison strike enters week 2, inmate dies at impacted facility
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Corpus Christi Police Department
Texas authorities believe they prevented a mass casualty attack targeting police
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