Business
US business activity edges lower; pricing power ebbs further
U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
2022
Federal Reserve Holds Interest Rates Steady For 2 Decades, Leaves Door Open For Cuts
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
beaches
Eric Adams Says Illegal Migrants Could Help NYC Lifeguard Shortage: ‘They’re Excellent Swimmers’
On Tuesday, Mayor Eric Adams proposed hiring illegal immigrants to make up for the city’s lack of lifeguards, citing their “excellent” swimming abilities.
Biden Administration
Nancy Pelosi Labels MSNBC’s Katy Tur A ‘Trump Apologist’ For Bringing Up Valid Point
On Monday, former Speaker of the House Nancy Pelosi asserted that MSNBC’s Katy Tur was an “apologist” for former President Donald Trump.
employment
PlayStation’s Sony To Cut 900 Jobs, As Layoffs Continue To Increase In Gaming Sector
Tech and video game giant Sony has announced a major round of layoffs.
$2
Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
ambulatory health care services
US job growth accelerates in December; wage gains solid
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
$1 billion revenue
Generative AI’s wild 2023
ChatGPT was well on its way to becoming a household name even before 2023 kicked off.
crime rates
Daniel Noboa Wins Ecuador’s Presidential Election
Daniel Noboa, the winner of Ecuador’s presidential election and an inheritor of a substantial banana fortune, has pledged to restore the nation, which is grappling with rising crime rates and a failing economy.