Business

The Federal Reserve has two simple but extremely difficult tasks: ensure maximum employment and maintain price stability. To say that the second part of this equation – price stability – has been a challenge this year is an understatement. Fed officials are targeting a 2% annual inflation rate as measured by the Personal Consumption Expenditure (PCE) Price Index. But this…

Discrimination seems alive and well in the home-sharing economy, and industry giant Airbnb admitted this week that its platform suffers from racial prejudice. Airbnb hosts are more likely to turn down applicants with African-American names and profile pictures, according to a report released Tuesday by Airbnb. “Unfortunately, discrimination happens every day in our world, which means it can happen at…

The San Francisco 49ers have a pretty comfortable cushion on the NFC West these days, but the Seattle Seahawks are within striking distance and can quickly gain some ground this week with a Thursday night win. As we take part in the last three Thursday night games of the year, the stakes escalate. And while the Seahawks are technically at…

If Zoom lags behind, some participants may panic more than others: Gen Z. According to a global HP survey of 10,000 office workers around the world, they are most likely to feel plagued by technology issues at work. This may come as a surprise given that the youngest generation is digitally native and often tasked with explaining newfangled gadgets or…

Morgan Stanley’s chief investment officer says inflation will only fall over the next 12 months after peaking at 9.1% in June. But stocks that have already taken a hit during the current downturn are vulnerable to more turmoil. “Inflation has peaked,” Mike Wilson told CNBC. “We’re pretty confident that next year is going to be pretty tough. And the real…

When it comes to feeling supported at work, it is more valuable than anything for employees to hear from managers regularly – about good news, bad news, and most importantly, no news. So finds a new report by the MIT Sloan Management Review. In the dark days leading up to the vaccine, between March and October 2020, researchers at Claremont…

As Elon Musk’s frustration with his brain tech startup Neuralink mounts, Jeff Bezos and Bill Gates are betting on one of his main competitors, Synchron. On Thursday, Synchron announced the closing of a $75 million funding round led by ARCH Venture Partners. Investors include Bezos Expeditions and Gates Frontier, which handle personal investments for Amazon founder Bezos and Microsoft co-founder…

The US sanctioned Vladimir Potanin, Russia’s wealthiest tycoon and president and largest shareholder of mining giant MMC Norilsk Nickel PJSC, but left his company untouched as it seeks to maintain stability in the metals market. The action against Potanin was part of a broader package of sanctions rolled out by the Treasury Ministry on Thursday targeting about 40 people linked…

Elon Musk sold an additional $3.58 billion in Tesla stock this week, bringing its total sales to almost $40 billion since last November — and investors aren’t happy about it. Wedbush tech analyst Dan Ives argues that Musk is using his “golden child” Tesla to not only fund the initial $44 billion cost of his Twitter acquisition, but also to…

Citigroup Inc. told most employees they can work from anywhere for the last two weeks of the year as Chief Executive Officer Jane Fraser bucks a trend among competitors to bring office workers back to their desks full-time. The move applies to those in hybrid roles or those already working remotely a few days a week, and workers have been…