Business

Nearly two years into the work of the California Reparations Task Force, the group still has important decisions to make that will be the focus of its final report, which recommends how the state will apologize and compensate black residents for the harms caused by slavery and discrimination should. A vote possibly scheduled for this weekend on requirements for who…

Decades ago, the late Subway co-founders Fred DeLuca and Peter Buck had little idea that their sandwich shop in Bridgeport, Connecticut, would grow into one of the largest restaurant chains in the world — or that Goldman Sachs would try to buy it for 10 Billion dollars. But that’s apparently what’s happening. Goldman Sachs’ wealth management arm is among those…

Sam Bankman-Fried’s communication device will be a flip phone or other “non-smartphone” with no internet capabilities or access that is disabled while he is on bail, prosecutors said. Restricting the FTX founder’s access to a device that gained popularity when he was about three years old is the latest development in a battle over his communications. His phone’s capabilities are…

Federal Reserve Bank of San Francisco President Mary Daly said policymakers will likely need to raise interest rates higher and keep them high for an extended period of time. “It is clear that there is still more work to be done,” Daly said Saturday in a speech he was preparing for a speech at Princeton University in New Jersey. “Moving…

Already at the beginning of February Neel Kashkari, Minneapolis Fed President CNBC went on to clarify that easing financial conditions, including mortgage rates, which had fallen to 6.09% at the time, could hurt the Fed’s inflation fight if the economy warmed. “The [U.S.] The housing market is showing signs of life again as mortgage rates have fallen again,” Kashkari said.…

Donald Trump released a video on Friday pushing for futuristic American cities and flying cars. “Just as the United States led the automobile revolution over the last century, I want to make sure that America — not China — leads this air mobility revolution,” the 2024 Republican presidential candidate says in the video. But Elon Musk, the CEO of Tesla…

Tom Sizemore, the Saving Private Ryan actor whose 1990s bright star was burning out under the weight of his own domestic violence and drug convictions, died Friday at the age of 61. The actor suffered a brain aneurysm at his home in Los Angeles on February 18. He died in his sleep on Friday at a hospital in Burbank, California,…

The 58-year-old comedian will perform his first stand-up special since last year’s Oscars on Saturday night. He does in “Chris Rock: Selective Outrage,” which streams live on Netflix at 10 p.m. EST. Not only will Rock present an hour or so of stand-up from Baltimore’s Hippodrome Theater, but Netflix – in its first-ever live show – will round out the…

Republican US Rep. Tony Gonzales of Texas on Saturday faced a rare potential criticism from his state party over votes that included backing new gun safety laws following the Uvalde school shooting in his district. A censure from the Texas Republican Party would underscore how the two-year congressman’s willingness to break with conservatives on key issues during his brief tenure…

Fox faces a massive legal battle, and his survival may be more about damage control than winning in court. Since 2021, Fox News has been fighting defamation and defamation lawsuits over allegations that the network knowingly spread lies alleging that the 2020 presidential election was stolen. The most high-profile legal battle the conservative news network has is with Dominion Voting…