Business

Mike Wilson, Morgan Stanley’s chief investment officer, was once the only Wall Street strategist pessimistic enough to predict that the S&P 500 would fall to 3,900 by the end of the year. Now, with the S&P 500 lingering around 3,950 and Wilson’s predictions becoming a reality, the veteran investor predicts things will fall much further. Wilson, who also serves as…

The thawing of ancient permafrost due to climate change could pose a new threat to humans, according to researchers who have revived nearly two dozen viruses – including one that was frozen under a lake more than 48,500 years ago. European researchers examined ancient samples collected from permafrost in the Siberian region of Russia. They revived and characterized 13 new…

Twitter’s often-delayed paid review service is reportedly being postponed again, this time due to Elon Musk’s ongoing dispute with Apple and the way the Cupertino giant is handling in-app purchases. Twitter CEO Elon Musk had announced that Twitter Blue would be relaunching next Friday, but the social media company is now delaying the launch as it tries to avoid Apple’s…

The former CEO of failed cryptocurrency exchange FTX says he only has his last $100,000 – and that’s just the last time he checked. In an interview on Monday axios asked Sam Bankman-Fried – once said to be worth $26.5 billion – about his personal finances. His answer: “May I say a negative number?” “I mean, I have no idea,”…

In June, Fed Chair Jerome Powell told reporters that the overheated US housing market – which has seen US house prices rise by over 40% in just over two years – needs a “reset”. And higher mortgage rates would slowly “rebalance” the market, he said. “We saw [home] Prices have risen sharply in recent years. That’s changing now… I would…

The Kid Laroi and Justin Bieber’s ‘Stay’ topped Apple Music’s global song chart in 2022, as the giant music streamer released its year-end lists and gave listeners data on their own most-listened-to tunes. Staying at the top of the Billboard Hot 100 for seven weeks this summer, “Stay” was #1 on Apple Music’s Top 100 Songs Worldwide chart and stayed…

China is increasingly ostracized by much of the West, with the US among its most vocal opponents. But now the UK, which has previously been soft on China, has indicated it will also take a tougher stance. In his first foreign policy speech on Monday since taking office, British Prime Minister Rishi Sunak declared that the “golden era” of the…

assets The Impact Initiative will explore environmental, social and governance (ESG) issues from inception to integration as they move up the corporate hierarchy and become a key driver of business strategy. Our program will explore how leaders can provide a holistic risk assessment and goal achievement framework that will help encourage and scale widespread implementation and measurement of ESG-related practices.…

First it was the Great Resignation. Then it was time to stop quietly. Now a cute new workplace term has entered the ring: career dampening. And yes, just like its predecessors, it describes a concept that is far from new. Amid a looming recession, ongoing misalignments between workers and bosses, and a widespread lack of enthusiasm for work and its…

Why Would a Respiratory Virus Cause GI Symptoms? That’s a question we’ve all been asking ourselves since COVID hit the scene in late 2019. Since the beginning of the pandemic, patients who contracted the virus have reported a variety of symptoms beyond the expected breathing problems, including gastrointestinal distress such as diarrhea, nausea, abdominal pain and loss of appetite. Researchers…