“Big Short” investor Michael Burry criticized the pace of the Federal Reserve’s effort to sell off its massive pandemic-era balance sheet – likening the central bank’s affinity for economic stimulus to drug addiction. Fed officials have outlined a plan to steadily unwind the bank’s $9 trillion balance sheet as part of a process called “quantitative … Read more
Costco has begin limiting gas sales in New Jersey to those who pay membership fees to the big-box retailer. Starting on Tuesday, motorists in the Garden State who aren’t Costco members won’t be able to fill up their tanks at one of the store’s gas stations. Costco, which normally sells gasoline at slightly below-market value, … Read more
She’s shining bright like a diamond. Rihanna is now the youngest self-made billionaire woman in the US — knocking Kim Kardashian to second place. The 34-year-old singer recently made Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall. She’s the only billionaire under 40 on the … Read more
This spring, Robert F. Smith, the richest African-American in the US, landed in the spotlight as the NFL urged him to buy the Denver Broncos to help the league address a racial-equity crisis. Now, having lost a contest to buy the team to Walmart heir Rob Walton, the 59-year-old billionaire is grappling with a crisis … Read more
President Biden is poised to roll back tariffs on some Chinese imports in an effort to slow soaring rates of inflation not seen in the country for decades. A decision by Biden could be announced as soon as this week, according to The Wall Street Journal. The Biden administration is wrapping up a mandatory review … Read more
Crosby, Stills & Nash are back on Spotify in an apparent end to the classic rockers’ five-month protest of controversial podcaster Joe Rogan. The folk rockers, who pulled their library of songs off of the streaming platform in solidarity with ex-band member Neil Young, are reportedly planning to donate their earnings from streams to charities … Read more
A woke Universal Music Group worker claims he was fired for “speaking up” about abortion rights — after he admitted he refused to work because he was in “mourning” over the Supreme Court’s decision to overturn Roe v. Wade. Michael Lopez, a production coordinator at Universal Music Enterprises, blasted the company as “anti-gay” for terminating … Read more
A fledgling line of robots has begun to fill jobs at short-staffed hotels — and labor groups are sounding alarms. A handful of hotels across the US – from the Mandarin Oriental in Boston to a Holiday Inn Express in Redwood City, Calif. – have begun turning to robots to provide guest services usually performed … Read more
When Madison Norman pursued a marketing communications manager job at productivity software company Frameable, she submitted her résumé, a four-minute video and a sample blog post. Ultimately, she inched out the other 800 candidates, landing the plum job in January.The video required answering two questions, capped at two minutes each: “Tell me about a time … Read more
As someone who covered the TikTok saga during the waning days of the Trump presidency, I must confess I did have some degree of skepticism with the belief by the former president and his people that a short-video app popular with teenagers was actually a stealth tool used by the Communist Chinese to spy on … Read more