Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
If Russia’s war continues, the economy looks on track for a “severe recession” and long-running stagnation, Mertens said Russia’s overheated economy is almost certainly headed for a crisis no matter what Vladimir Putin does, according to a Ukrainian economist. Alexander Mertens, a professor of finance and economics at Kyiv’s International Institute of Business, issued a…
Commercial real estate is flashing signs that the worst of the distress is over, Blackstone president says
The commercial real estate sector is already showing signs of distress as a wave of $1 trillion debt is poised to mature this year. The worst of the commercial real estate turmoil looks to be over, Blackstone president Jon Gray says. The private equity exec gave a cautiously optimistic outlook on the commercial property market…
Amazon stock jumps most in 9 months as cost cuts, cloud spark earnings beat
Amazon stock saw its best day in nine months on Friday. It climbed as much as 7.6% to $200.50, its steepest intraday gain since Feb. 2, after a strong third-quarter earnings report. Shares traded around $199 as of 12:30 p.m. in New York, less than 1% from all-time closing highs set in July. The tech…
Trump trades waver as Harris’ betting odds edge up days before the election
The Trump trade has wobbled this week as Kamala Harris’ betting odds have crept higher amid some promising signals for the Democratic candidate from early voting data. Kalshi, the betting market open to US citizens, showed Harris’ odds of winning the election rising to about 44% from a low of about 35% on Tuesday, while…
Elon Musk’s super PAC has spent more than $19 million in these 18 districts to keep the GOP in control of the House
Musk has poured nearly $119 million of his own money into America PAC, a super PAC that supports Trump and GOP House candidates. Elon Musk’s super PAC has already spent more than $140 million on electing Donald Trump, and he’s spoken at two of the former president’s rallies in the last month. But Musk isn’t…
I was put on a performance improvement plan and survived. It felt isolating and discouraging, but I’m a better employee now.
The author, not pictured, was put on a performance improvement plan. I felt like a deer in headlights. I sat there on Google Meet as my supervisor explained the parameters of a performance improvement plan (PIP). I was frozen, and I felt powerless. I could feel the panic rising as they went through the events…
10 of the most haunted restaurants in the US
The Haunted Hamburger in Jerome, Arizona, began as a regular restaurant until the owners experienced strange paranormal activities. If you’re looking for a distinct dining experience this Halloween, these haunted restaurants, with their spooky histories, serve some delectable dishes with a side of terror. From supernatural sightings to encounters with spirits, each place on this…
The Zuckerberg family Halloween costumes this year featured John Wick and a troupe of ballerinas
“When your house full of girls decides to be ballerinas, be John Wick,” Mark Zuckerberg said in a Facebook post on Thursday. Halloween at the Zuckerberg residence this year involved some costuming on the Meta chief’s part when he chose to dress as Hollywood’s top assassin for a day. “When your house full of girls…
Why fast-food chains and big brands love loyalty programs
Fast-food chains are finding loyalty rewards vital for staying competitive and retaining customers. Retailers and fast-food chains are leaning into loyalty programs to drive sales. This week, McDonald’s reported its Q3 results. Global sales dropped 1.5% in its latest quarter, following a 1% slide in the previous quarter. However, one bright spot in its earnings…
