© Reuters. FILE PHOTO: John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York, U.S., March 6, 2019. REUTERS/Lucas Jackson By Ann Saphir and Lindsay (NYSE:LNN) Dunsmuir (Reuters) -New York Federal Reserve Bank President John Williams…
Share to FacebookShare to TwitterShare to LinkedinTopline Tesla CEO and world’s richest person Elon Musk on Monday backed additional efforts to drill for natural gas and oil in the short term, in line with his recent change in tune on the use of non-renewable sources like fossil fuels and nuclear energy. Tesla CEO Elon Musk…
Share to FacebookShare to TwitterShare to LinkedinTopline The U.S. dollar hit a two-decade high on Monday, responding to Federal Reserve Chairman Jerome Powell’s comments that the central bank will continue to tackle inflation “forcefully”—signaling further interest rate hikes. The value of the U.S. dollar hit a 20-year high on Monday morning. SOPA Images/LightRocket via Getty…
The Florida A&M football ineligible player saga continued Monday, when disgruntled players penned a letter to university President Dr. Larry Robinson to express their concerns over the latest rulings and current state of athletics.Last Thursday night, FAMU was informed by the NCAA it had 26 uncertified or ineligible players, ruling them out for the Week 0 season…
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Share to FacebookShare to TwitterShare to LinkedinUntil now, claims that Apple would radically redesign the display of its flagship iPhones have been limited to leaked schematics and artist renders. But not anymore. A flurry of new leaks has seemingly exposed Apple’s notch-less iPhone 14 Pro for the first time. Moreover, Apple may have also revealed…
Share to FacebookShare to TwitterShare to LinkedinTopline The Secret Service told reporters Friday it recovered $286 million in Covid-19 relief loans meant for small businesses that were stolen by fraudsters, according to multiple outlets, adding to the total of billions of dollars in pandemic relief funds that investigators say were fraudulently obtained. Attorney General Merrick…
Share to FacebookShare to TwitterShare to LinkedinTopline The U.S. economy shrank for a second quarter in a row this year, a second estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming quarters, likely…
Growth comes with a cost, especially when that growth was not in the original plans. Think of it like you would an old town, versus a new one. In high-growth parts of the country, builders have created something called a “master-planned community,” that’s a town or city planned out fully. This means that before builders…
Elon Musk is a master of promoting new technology ideas, but of course not all of them come to fruition. Yes, Musk’s Tesla (TSLA) has become the world’s biggest EV maker and most valuable automobile company, but that hyperloop thing has really fallen by the wayside. And Tesla’s full self driving software is still in…
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