Business

“Demographic change” can mean many things. The makeup of a group of people—average age, ethnic composition, and more—all fall into this category. But in the context of the labor shortage that has gripped the global economy since the pandemic began, it coincides with one of Elon Musk’s major concerns: The world isn’t having enough babies. He previously said the world’s…

In April, with Bitcoin hovering around $40,000 and Three Arrows Capital and Terraform Labs still minting money, FTX broke ground on a $60 million headquarters in the Bahamas, with Prime Minister Philip Davis attending for the occasion Sam Bankman-Fried stood. Davis hailed the event as a sign that the Bahamas was becoming a hub for international business and that FTX’s…

Paxlovid, the antiviral drug used to treat COVID, isn’t the only reason you might have rebound symptoms, according to a new study. In the study, published last month on the JAMA Network, over a third of those infected with COVID who were not taking Paxlovid still had their symptoms returning two days after their initial recovery. The study, conducted between…

While Binance and Changpeng “CZ” Zhao got plenty of credit for putting the final nail in FTX’s coffin last week, the CEO said in an interview on Thursday that his company never faced FTX. “We’re not focused on other smaller exchanges,” CZ told CNBC. There has been a lot of talk about Sam Bankman-Fried’s alleged rivalry with CZ, especially after…

Even Federal Reserve officials are divided on whether rate hikes will dampen inflation. Earlier this month, the Fed raised interest rates by 0.75 percentage point, the sixth rate hike this year, which brought the federal funds rate to a range of 3.75% to 4%. Some have criticized the Fed for rushing to hike rates too quickly, fearing the central bank…

House Speaker Nancy Pelosi said Thursday that she would not seek a leadership position in the new Congress, a crucial realignment that is making way for a new generation of leaders after Democrats lost control of the House to Republicans in the midterm elections to have. Pelosi announced in a spirited speech on the House floor that she would be…

Before the pandemic confined us to our homes for almost two years; before zoom meetings and “nice to meet you virtually” became superficial parts of everyday business life; Before returning to the office, the idea of ​​working remotely was a fantasy for most people. What a difference a global event that only happens once in a generation. Remote work has…

After an apparent listing for Sam Bankman-Fried’s luxury penthouse in the Bahamas quickly became known earlier this week, wealth learned the listing was fake, with the real estate company calling it a “web malfunction.” The page has since been removed and the URL now says Page Not Found. As details about FTX’s crumbling empire emerge, including its first bankruptcy filing…

Ukraine will enter a “golden era” after the current conflict with Russia and will become “without a doubt the fastest growing economy in Europe”, according to an Australian mining billionaire. But Andrew Forrest’s predictions aren’t all rosy — he’s donating a whopping $740 million from his personal fortune to a fund that will help rebuild the nation. The fund announced…

With airports crowded this year, it shouldn’t come as a huge surprise that Thanksgiving trips will be packed this year. But you might still want to arm yourself if you head out. AAA says 54.6 million people will travel 50 miles or more this year, a 1.5% increase from 2021 and the third-biggest Thanksgiving ever since the group began tracking…