GDP Flashes Recession Warning Sign: Economy Shrank 0.9% Last Quarter As Experts Warn ‘Worse To Come’
Share to FacebookShare to TwitterShare to LinkedinTopline The U.S. economy unexpectedly shrank for a second quarter in a row this year, according to data released Thursday, signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming quarters, likely prompting the government to officially declare…
Share to FacebookShare to TwitterShare to Linkedin Guillermo Rauch, founder and CEO of Vercel, one of more than 300 immigrant-founded billion-dollar … [+] companies. Vercel Tomas Gorny grew up in Poland under communism. But after moving to the U.S. and taking odd jobs like washing dishes and saving money from small ventures, he cofounded the…
Share to FacebookShare to TwitterShare to LinkedinTopline Weber replaced CEO Chris Scherzinger and warned of upcoming layoffs Monday, sending shares down 20% as the grill-maker wrestles with a drop in sales and embraces “historic macroeconomic challenges.” Weber shares fell 20.37% Monday morning, to $6.01 from $7.54 Sunday afternoon. (AP Photo/Charles … [+] Krupa) Copyright 2019…
Share to FacebookShare to TwitterShare to LinkedinTopline The European Commission on Monday has given Danish biotech Bavarian Nordic permission to expand the label of its smallpox vaccine to include protection against monkeypox, days after the World Health Organization sounded the alarm over the accelerating outbreak. Bavarian Nordic can market its vaccine for use against monkeypox…
Share to FacebookShare to TwitterShare to Linkedin A high-resolution illustration of the Nancy Grace Roman Space Telescope against a starry background. … [+] NASA’s Goddard Space Flight Center No sooner did the Webb telescope flash its spectacular first images across the world, do some science and even find time to get struck by something than…
Share to FacebookShare to TwitterShare to LinkedinTopline A judge ruled on Tuesday a trial addressing Twitter’s lawsuit against Tesla CEO Elon Musk will take place over the course of five days in October 2022, a win for the social media platform, following a bitter hearing in which Twitter’s attorney called Musk a “liar” and said…
Share to FacebookShare to TwitterShare to Linkedin Flying high: The Titans celebrate a 2021 touchdown in their 23-year-old Nissan Stadium in Nashville. Wesley Hitt/Getty Images The Tennessee Titans are on the verge of getting a new $2.2 billion domed stadium to replace 23-year-old Nissan Stadium that should add hundreds of millions of dollars to the…
Share to FacebookShare to TwitterShare to Linkedin Rings of Power Amazon It is hard to understate just how much Amazon Prime has riding on The Rings of Power, its Lord of the Rings series with a reported billion dollar budget. We are now less than two months away from its debut and marketing is starting…
Anyone who’s dabbled in the housing market during the last two years likely went through a whirlwind. The average sales price of a home—at half a million dollars in the first quarter—was the highest on record; housing supply is near historic lows; and interest rates are hitting the highest weekly increases in decades. Then came…
Share to FacebookShare to TwitterShare to Linkedin Amazon dropped the latest 2.5-minute trailer for The Lord of the Rings: The Rings of Power. The ambitious and obscenely expensive (reportedly $465 million for the first season) fantasy show adapts J.R. R. Tolkien’s “Second Age of Middle Earth.” It will launch on September 2, with new episodes…
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