The good, bad, and ugly of life after rate cuts
Jerome Powell One down. One to go. Wednesday’s interest-rate cut might have marked the end of the Fed’s fight with inflation, but it also signaled the start of another battle with an equally formidable foe: the job market. The central bank’s jumbo cut shows the concern isn’t prices continuing to go up, but the number…
It’s a tough time in retail — and CEO heads keep rolling
Nike just ousted its CEO after struggling to boost sales. John Donahoe is the latest retail CEO to hit the chopping block. The Nike boss is stepping down next month and will be replaced by Elliott Hill, who started in 1988 as an intern and worked his way up the ranks before retiring in 2020.…
What TikTok ban? Advertisers, employees, and creators seem unfazed by its increasingly precarious future
TikTok seems to be losing its battle to stay in the US, but the app’s key stakeholders aren’t panicking. Much like the orchestra on the Titanic, TikTok users, advertisers, and employees appear to be waiting until the last possible minute to abandon ship despite the threat of a ban in the US. TikTok is currently…
Three Mile Island nuclear plant to reopen — to power Microsoft’s AI push
The Three Mile Island nuclear plant could return to return to service in 2028. A nuclear plant at the site of one of the worst nuclear disasters in US history may soon reopen to provide power for Microsoft’s AI push. Constellation Energy has struck a deal to provide Microsoft with nuclear power for the next…
The 10 unhappiest states in the US, ranked
Alaska’s lowest ranking was for workplace environment. While it’s hard to articulate exactly what happiness means to everyone, one of WalletHub’s most recent studies aimed to do just that: measure and compare the population’s happiness across states. The personal-finance outlet compared the 50 states using three categories: emotional and physical well-being, work environment, and community…
Katy Perry says she had set 2 requirements for the perfect man. Orlando Bloom checked both boxes.
Katy Perry and Orlando Bloom met in 2016 and share a 4-year-old daughter. Did Katy Perry manifest her relationship with Orlando Bloom? Speaking with Apple Music’s Zane Lowe to discuss her latest album, “143,” the 39-year-old pop singer said she met her fiancé after being stuck in a “bad continuing loop.” “I was like, I’m…
Home Depot and Lowe’s are already seeing the first of many likely benefits from the Fed’s rate cut
Analysts say home improvement retail has a lot of pent-up demand that will be unlocked with lower interest rates. The US Federal Reserve’s decision Wednesday to cut rates by half a percentage point has created a flurry of immediate reactions, but the real effects of the policy are likely to take several months to bear…
Paranoia over tech is mounting in Lebanon after deadly Hezbollah-pager explosions
Radio and pager explosions in Lebanon injured thousands of people. Some, who were unharmed, donated blood to help the injured. The deadly Hezbollah-pager explosions are causing mounting distrust, with some Lebanon residents growing increasingly suspicious of their electronic devices. Handheld radios and pagers used by Hezbollah members exploded across the country on Tuesday and Wednesday,…
Nike’s new CEO acknowledges the brand’s rough run in his first message to staff
Iconic sneaker brand Nike is replacing its CEO. In his first message to employees, Nike’s new CEO acknowledged that the company is facing challenging times. Elliot Hill, who will replace John Donahoe as CEO next month, said things “haven’t been easy” for Nike but called on employees to show “speed and a sense of urgency”…
