The Federal Reserve’s delay of interest-rate cuts in a bid to temper inflation runs the risk of falling behind the curve, according to Mohamed El-Erian. “The Fed pivoted on the basis of data. It was the opposite of the pivot that they did in December — now they have to do a U-turn,” El-Erian, the
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A 1960 Ferrari 400 Superamerica SWB Cabriolet by Pinin Farina, available via Sotheby’s Private Sales. Courtesy: RM Sotheby’s A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet
Whether you are indoors or outdoors, keeping pesky mosquitoes away should be a priority to avoid malaria and other mosquito-borne diseases. However, protecting yourself and your loved ones should not come at the cost of exposing yourself to toxic chemicals. Instead of using harmful mainstream pesticides laced with dangerous substances, try natural alternatives that are
Another member of the Biden administration has resigned to protest the president’s policies on Gaza. Lily Greenberg Call has become the first known Jewish political appointee to resign over the war. She had been working as special assistant to the chief of staff at the Interior Department. In her resignation letter, she wrote, “I can
Loading… Loading… Janover IncJNVR announced that it achieved significant year-over-year growth in lenders on its fintech platform in 2023, providing borrowers access to a broad range of competitive loan products. In 2023, Janover noted a766% growth in banking originator sign-ups, a 647% increase in credit union originator sign-ups, and a 445% boost in the other
Tragic — Ultra-spicy One Chip Challenge chip contributed to teens death, report says The high dose of capsaicin paired with a heart defect appear to have contributed. Beth Mole – May 16, 2024 10:02 pm UTC EnlargeSarah Dussault/MediaNews Group/The Mercury News via Getty Images reader comments 106 An autopsy report of a Massachusetts teen who
Loading… Loading… In the latest market close, Upwork UPWK reached $11.37, with a +1.25% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%. Shares of the online freelance marketplace operator
Follow the money — Rocket Report: Starship stacked; Georgia shuts the door on Spaceport Camden United Launch Alliance is under pressure ramp up the flight rate for the new Vulcan rocket. Stephen Clark – May 17, 2024 11:00 am UTC Enlarge / On Wednesday, SpaceX fully stacked the Super Heavy booster and Starship upper stage
Getting lost in the wilderness can be a terrifying experience. So many things can go wrong, especially if you’re alone. You could get hurt and it might take a long time for someone to find you when you’re lost. But if you do get lost, staying in one spot is one of the best ways
An electromagnetic pulse (EMP) is a strong burst of energy that can destroy electronic devices. An EMP can be caused by a natural event, such as a lightning strike, or by man-made means, like a nuclear explosion. If you’re worried about the possibility of an EMP attack, you can start preparing by learning which items
Loading… Loading… Open-deck transportation marketplace EXO Freight closed its Chattanooga, Tennessee, office Tuesday, laying off 19 employees, including a few from its spot brokerage team in Royal Oak, Michigan, who were mainly operations-focused, co-founder and CEO Kurtis Tryber told FreightWaves. Tryber said it was an intentional move by the company to pivot from covering unprofitable
People in developed nations take abundant electricity for granted. When asked where electricity comes from, most will point to their wall outlet. But many states in the U.S. are headed for a serious and prolonged shortage of electrical power not seen in decades, driven by rising demand from the artificial intelligence revolution and mandates to
Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
“STAGGERING FRAUD” — Arizona woman accused of helping North Koreans get remote IT jobs at 300 companies Alleged $6.8M conspiracy involved “laptop farm,” identity theft, and rsum coaching. Dan Goodin – May 16, 2024 10:49 pm UTC EnlargeGetty Images | the-lightwriter reader comments 62 An Arizona woman has been accused of helping generate millions of
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
Follow the money — Rocket Report: Blue Origin launch on tap Sunday; Starship stacked in Texas United Launch Alliance is under pressure ramp up the flight rate for the new Vulcan rocket. Stephen Clark – May 17, 2024 11:00 am UTC Enlarge / On Wednesday, SpaceX fully stacked the Super Heavy booster and Starship upper
Dozens of used electric-vehicle batteries were stacked like cordwood on pallets in a warehouse-style building about 30 miles east of Reno, Nevada, when I visited the site last week. The batteries were bound for an assembly line that would begin the chemical process of recycling up to 95 percent of the lithium, cobalt, and nickel
Dept. of Accidental Investigations — How I upgraded my water heater and discovered how bad smart home security can be Could you really control someone’s hot water with just an email address? Kevin Purdy – May 17, 2024 11:00 am UTC Enlarge / This is essentially the kind of water heater the author has hooked
Loading… Loading… About 80% of millennials and Gen Zers receive financial guidance from social media, which they credit with boosting their financial literacy and making discussions about money less taboo. Over 50% also report making money directly from this financial advice. But, not all influencers and traders on social media can be trusted. Their claims