History says these 5 sectors are poised for double-digit gains within a year after the Fed cuts rates
Federal Reserve Chairman Jerome Powell and his colleagues are in the spotlight this week. Investors have waited years for interest rates to fall. On Wednesday, their patience will be rewarded, though that’s one of the only sure bets. Markets know that the Federal Reserve will lower rates at its September meeting, but there’s an unusual…
I work at Amazon and I plan on ‘coffee badging’ instead of working from the office 5 days a week
Amazon announced a new return-to-office mandate on September 16, 2024. Amazon notified all employees on Monday about the new return-to-office mandate requiring us to come into the office five days a week from January. My entire team was very shocked and worried. Some people want to leave the company. This is a betrayal to many…
GM’s EV drivers are finally getting access to the Tesla Supercharger network
GM drivers now have access to Tesla Superchargers. General Motors is the latest car company to grant its drivers access to Tesla’s vast Supercharger network. The company announced Wednesday that GM electric vehicle drivers, including those from brands like Chevrolet and Cadillac, can charge at any of Tesla’s 17,800 Supercharger stations using a $225 adapter.…
Jamie Dimon says TikTok and Facebook are a ‘total stupid waste of time’ and people should read books instead
“For most of you guys, turn off TikTok, Facebook. A total stupid waste of time,” JPMorgan CEO Jamie Dimon told students attending the Georgetown Psaros Center for Financial Markets and Policy’s annual Financial Markets Quality conference. JPMorgan CEO Jamie Dimon says young people should spend less time on social media platforms and more time reading…
The ‘Bachelor’ electionHow the reality TV show became the pivotal demographic in the 2024 election
Ben Higgins, 35, could be your prototypical politician. Charming, handsome, and well spoken, Higgins uses his work as an entrepreneur and philanthropist to help fight poverty. He’s also an independent who doesn’t identify strongly with either side of the political spectrum. “It’s very topic by topic for me,” he said. “It’s very much understanding the…
Hezbollah pager attacks are a harbinger of a darker, more dangerous age of individualized strikes, military expert says
An ambulance rushing wounded to a hospital in Beirut, September 17, 2024, after explosions hit locations in several Hezbollah strongholds. The simultaneous detonation of thousands of pagers in Lebanon on Tuesday is a harbinger of a darker and more dangerous age of individualized attacks, according to a retired general and warfare strategist. Wireless pagers used…
He was a theater and English major in the UK. Now, he’s one of Singapore’s 4 masters of wine.
Richard Hemming shares his career journey as an aspiring actor in college. Once a budding actor, Richard Hemming traded Shakespeare for chardonnay. Now, he’s a leading figure in Singapore’s wine scene. One of the country’s four masters of wine, Hemming oversees wine programs across Asia for 67 Pall Mall, a private club for wine lovers.…
Sam’s Club is boosting its starting wage to $16 and speeding up raises for nearly 100,000 workers
Sam’s Club says the scheduled changes will bring the average hourly wage to more than $19. Frontline workers at Sam’s Club are slated to get a raise ahead of the holidays. The Walmart-owned warehouse club said Tuesday it is bumping its starting wage from $15 to $16, as well as offering faster pay increases to…
Memo: Citi shakes up leadership after $136 million in fines for data quality issues
Citi’s new tech head Tim Ryan will oversee the bank’s data efforts alongside COO Anand Selva. Nearly four years ago, Citigroup was fined $400 million for its poor data management and risk controls. In July, regulators fined the bank $136 million for failing to fix its data quality issues quickly enough. Now Citi is taking…
