Business
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The NTSB is launching a special federal investigation into Norfolk Southern
The NTSB is launching a special federal investigation into Norfolk Southern
Federal investigators on Tuesday announced a special investigation into rail operator Norfolk Southern following a fiery derailment on the Ohio-Pennsylvania border in February and several other accidents, including the death of a train attendant just hours earlier on Tuesday. The National Transportation Safety Board said it will take a comprehensive look at the railroad’s safety culture and will send investigation…
Court filing: Rupert Murdoch headed Fox News’ ‘stolen’ election coverage
Court filing: Rupert Murdoch headed Fox News’ ‘stolen’ election coverage
A voting tech company suing Fox News argues that Fox Corp. leaders Rupert and Lachlan Murdoch played a leading role in spreading false claims that technology helped shape the 2020 presidential election to former President Donald Trump “to steal”. According to Smartmatic, the Murdochs, as the supreme authorities of the group’s parent company, “directed Fox News Network to accept disinformation…
Dow falls 574 points as Jerome Powell’s rate hike comments sting
Dow falls 574 points as Jerome Powell’s rate hike comments sting
Stocks fell on Tuesday after the Federal Reserve chief warned it could turn the dial on its rate hikes again if inflationary pressures remain high. The warning rocked markets and fueled concerns about a possible recession later. The S&P 500 fell 1.5% on one of its worst days of the year so far. The Dow Jones Industrial Average lost 574…
Larry Summers says lower spending could cause a recession
Larry Summers says lower spending could cause a recession
When recession warnings peaked last year, the only thing that reassured people like Bank of America CEO Brian Moynihan was that Americans were still spending. High US consumer spending has helped protect against a severe economic downturn thanks to $2.5 trillion in excess savings accumulated during the pandemic, but that buffer is fast disappearing and the economy could falter as…
Ron DeSantis: The US should be like Florida
Ron DeSantis: The US should be like Florida
Florida Gov. Ron DeSantis positioned himself as the architect of a new conservative vision for the nation during a state of the state speech on Tuesday, in which he presented his aggressive stance during the pandemic and culture wars as a blueprint for Republican leadership. The address came at the start of a 60-day legislative session that has added political…
Powell warns of crypto risks but doesn’t want innovation to be stifled
Powell warns of crypto risks but doesn’t want innovation to be stifled
After an opening statement in which Chairman Jerome Powell sent stocks lower by hinting that the Fed could accelerate and amplify upcoming rate hikes, he addressed crypto and told senators he sees multiple risks when it comes to digital assets goes. “What we’re seeing is quite a bit of turmoil,” Powell said Tuesday before the Senate Committee on Banking, Housing…
Viktor Blout shows his artworks in Moscow
Viktor Blout shows his artworks in Moscow
Viktor Bout, a former Russian arms dealer who was released from US prison in December in a trade for WNBA star Brittney Griner, unveiled an exhibition of his artwork at a Moscow gallery on Tuesday. Bout, widely known abroad as the “dealer of death,” was convicted on terrorism charges in 2011, with prosecutors saying he was willing to sell up…
Why networking is so important when you’re facing layoffs
Why networking is so important when you’re facing layoffs
If you’re worried about being fired — or if you’ve lost your job — here are expert recommendations: If you worry, you could be fired Start saving It’s important to start building an emergency fund even when you feel secure in your job, but especially when you think you could lose it. You may not be able to save enough…
How one city is solving the childcare crisis
How one city is solving the childcare crisis
It’s more common these days for daycare centers across the country to permanently close their doors. But one small town in Iowa is trying to reverse the trend: Earlier this year, Fairfield, Iowa welcomed its newest venture, the Cambridge Little Achievers Centre. The 14,000-square-foot, state-of-the-art child care center opened on January 16 and will ultimately care for up to 185…
Marc Benioff: Some workers do “better” in the office.
Marc Benioff: Some workers do “better” in the office.
As companies tried to get employees back to work in person last year, Salesforce and its CEO Marc Benioff criticized the idea of clerical mandates. Benioff argued in June that “office dates are never going to work.” And in September, the company’s chief people officer, Brent Hyder, wrote in a company blog post that “we’ve never had office mandates at…