Simone Del Rosario
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“High inflation exacts a toll”: Fed Chair Powell testifies at nominee hearing
Months of high inflation was just one of the topics that Federal Reserve Chair Jerome Powell discussed in front of the Senate Banking Committee Tuesday. The hearing was scheduled to consider Powell for four more years as the head of the Fed. President Joe Biden announced he was nominating Powell for a second term last… -
Goldman Sachs: Federal Reserve to raise benchmark rate four times in 2022
In a note to clients published Sunday, the chief economist of Wall Street bank Goldman Sachs predicted the Federal Reserve would raise its benchmark rate four times in 2022. That’s one more time than the bank had previously projected, and one more than what the Fed itself predicted last month. Previously, rate hikes were expected… -
5 ‘outrageous’ 2022 predictions spell doom for Facebook, Spotify
Happy New Year! Instead of resolutions, why don’t we make some 2022 predictions? Here are some of the most ‘outrageous‘ calls for what’s in store this year by the Danish firm Saxo Bank. #5: NFTs sink Spotify Saxo Bank foresees an NFT-based music service backed by some big artists sinking Spotify’s stock by 33% this… -
End of an era: Blackberry shuts down software
Tuesday marked the death of a classic in 2000s technology, as the software keeping Blackberry’s business phone running was officially shut down. According to Blackberry, devices running the “software through either carrier or Wi-Fi connections will no longer reliably function, including for data, phone calls, SMS and 9-1-1 functionality.” “Today marks the beginning of a new era,”… -
AT&T, Verizon change course, will delay 5G rollout after FAA/DOT request
Update (Jan. 4, 2021): A day after Verizon and AT&T announced they were rejecting a request from the Federal Aviation Administration (FAA) and Department of Transportation (DOT) to delay its 5G rollout, the companies reversed course Monday night. In a statement, AT&T announced they will be delaying the rollout for two more weeks. AT&T also repeated… -
Flight attendant union questions CDC decision to shorten isolation, quarantine periods
In the days after the Centers for Disease Control and Prevention (CDC) announced it has shortened its recommendation for isolation and quarantine following a new COVID-19 case from 10 days to five days, some are questioning the timing of the announcement. Specifically, they note the change came right after airlines struggled to staff flights all… -
Use it or lose it: Year-end deadline approaches for FSA spending
The end of the year isn’t just a time for celebration. It’s also the deadline for millions of Americans to use up the money in their Flexible Spending Accounts (FSA). The only exception is for employees who got a grace period from their employer. According to the FSA store, a website that sells FSA-approved products,… -
New year, same inflation: Many foods expected to get more expensive in 2022
As inflation continues to rise heading into the new year, food companies have announced the prices of a variety of foods are expected to rise in 2022. These companies are facing escalating costs for labor, commodities and freight. “In the face of an unprecedented combination of input cost inflation and supply chain disruptions, we’re moving… -
Wall Street emerges from Omicron slump, prepares for “Santa Claus Rally”
The beginning of the week looked bleak on Wall Street due in part to concerns on how the Omicron variant of COVID-19 is expected to affect the global economy. Things are picking back up ahead of a potential “Santa Claus Rally”. As of 12:19 p.m. EST, the S&P 500 rose 0.7%. Roughly 85% of stocks… -
Tesla vehicles under investigation as Musk reaches stock selling goal
The National Highway Traffic and Safety Administration (NHTSA) announced Wednesday its “Office of Defects Investigation (ODI) is opening a Preliminary Evaluation (PE)” of Tesla’s “Passenger Play” feature. The feature, found in various 2017-2022 Tesla Model 3, S, X, and Y vehicles, reportedly allows drivers to play video games on a screen while the car is… -
TikTok Kitchen to bring viral recipes to delivery-only restaurants
According to multiple news reports, video sharing platform TikTok announced Friday it is teaming up with Virtual Dining Concepts (VDC) to open up a series of delivery-only restaurants, or “ghost kitchens”, under the name TikTok Kitchen. The ghost kitchens are expected to open in 300 locations in March. VDC co-founder Robert Earl expects that number… -
Wall Street feels effects of Omicron variant to begin the holiday week
Amid a worldwide surge in cases of the Omicron variant of COVID-19, Wall Street began the week of Christmas in a slump. The S&P 500, Dow Jones Industrial Average and Nasdaq composite were all down roughly 1.8% at various points Monday. Oil producers were some of the biggest losers Monday. U.S. crude fell 6% on… -
5 ways companies are cashing in on the metaverse
Ever since Facebook rebranded as Meta, the metaverse has gone viral. It’s a new virtual vision of the internet and it’s about to change your life. Here are five of the the coolest applications to date. #5: Luxury fashion Dolce & Gabbana has already minted millions in the metaverse: 5.7 million, to be exact. At…
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Nearly 120 arrested in ICE raid of large housing development in Texas
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DOGE altering 20-year-old DOD software to automate firing of workers: Report
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Trump’s ‘gold card’ lets rich immigrants pay $5 million for US residency
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TSA no longer allowing migrants without ID to fly using CBP One app
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Trump administration releases five-point plan to lower egg prices
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