Simone Del Rosario
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Biden’s State of the Union inflation comments draw bipartisan pushback
Recent polling from Gallup has indicated inflation and the economy are major concerns for many Americans. During his State of the Union address, President Biden described plans to combat America’s rising inflation. “Too many families are struggling to keep up with their bills. Inflation is robbing them of gains they thought otherwise they would be able to… -
Crippled by sanctions, Russia piles into gold, cryptocurrency
Struggling under crippling economic sanctions and currency collapse, Russia is financially fleeing to a familiar safe haven: gold. And with the growing prevalence of cryptocurrencies, experts expect Vladimir Putin will also turn to the less familiar, non-tangible asset. The gold standard After a 2-year pandemic pause, Russia’s central bank announced this week it is restarting… -
Bull or Bear: Should Apple buy Peloton?
Peloton is pedaling into the ground. After approaching $50 billion in value just one year ago, the company is now closer to an $11-billion market cap, making it ripe for a takeover. Apple is among those rumored to be a possible suitor as it stretches into the health and wellness space with the launch of Apple… -
5 job openings to build the metaverse, from Nike, Roblox, Microsoft
These days, we’re hearing more and more about the metaverse: a magical virtual world where people use avatars to interact in real time. But amid many questions about what it will look like, a large question looms: Who’s going to build it? Here are the top job listings in the metaverse in this week’s Five… -
Trump’s Truth Social app surges to No. 1 free download, waitlist tops 500,000
Former President Donald Trump’s Truth Social app came out swinging. The social media answer to Trump’s own lifetime ban from Twitter, Truth Social surged to the No. 1 downloaded app on Apple’s App Store within about a day of launching. Investors in the blank-check company that plans to merge with Trump’s media company also saw… -
Report: Investors buy record number of homes as families get priced out
There’s stiff competition for buying a home in America, especially when first-time buyers are up against all-cash offers from investors. As Americans scramble to lock in a mortgage before rates get higher, investors are buying up a record share of available homes. According to a new Redfin report, real estate investors bought nearly one in… -
Hertz, Guitar Center among companies overcoming pandemic bankruptcies
Many businesses are exhaling now that much of the country is opening back up. This week, Moderna’s CEO said it’s reasonable to think the COVID-19 pandemic is in its end stages, and states around the country are dropping mandates and easing restrictions. Still, a surprising number of companies didn’t make it through the pandemic in… -
Financial Stability Board: Cryptocurrency could destabilize global markets
Financial regulators warned Tuesday that cryptocurrencies could be a threat to the stability of global markets. The Financial Stability Board is an international group tasked with assessing systemic risk, and in an updated risk assessment, members concluded that the fast-evolving cryptocurrency market could be a threat, “due to their scale, structural vulnerabilities and increasing interconnectedness… -
Stocks surge, oil drops as Russia claims retreat from Ukraine border
Global stock markets surged Tuesday after Russia’s Defense Ministry claimed some of its troops are retreating from the Ukrainian border following military drills and returning to base. Dow futures jumped more than 300 points Tuesday morning on the news a day after markets flinched at the possibility of war. Commodities — which have been rising amid… -
UK authorities seize NFTs for first time in £1.4 million tax fraud case
British authorities seized non-fungible tokens connected to a tax probe in what’s believed to be the first seizure of its kind for the United Kingdom. Officials at Her Majesty’s Revenues and Customs said they seized three digital art NFTs and £5,000 in crypto assets as part of an investigation into a £1.4 million ($1.9 million)… -
Super Bowl betting will break records. How mobile bets changed the game.
Sunday’s Big Game is coming with some big bets. The American Gambling Association predicts a record 31.5 million people are getting in on the action, gambling $7.6 billion–a 78% jump from last year–on the Super Bowl. Legalized online betting is behind the surge. Now 30 states and Washington, D.C., have legalized sports betting in time… -
5 Super Bowl ads for the record books
The Big Game is also the biggest game of the year for advertisers. NBC has sold every one of its spots for Sunday’s Super Bowl, with some 30-second spots costing as much as $7 million. We’ll be sure to have plenty of ads to talk about come Monday morning, but let’s take a look at… -
Inflation reaches fresh 40-year high at 7.5%
Inflation soared to fresh heights in January, now at 7.5%, the highest reading in 40 years. It’s also more than the 7.2% economists expected, hitting Americans’ wallets even harder. Here’s where consumer prices are up the most over the past year: Used cars: +40.5% Gas: +40% Natural gas: +23.9% Meats, fish, eggs: +12.2% New cars:…
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In-N-Out Burger moving headquarters from California to Tennessee
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Most power restored after blackout plunges 90% of Chile into darkness
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Taiwan scrambles forces as China stages provocative ‘live-fire’ war games
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New search begins for Malaysia Airlines flight MH370 missing nearly 11 years
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North Dakota senator recovering after falling, hitting head on the ice
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