Washington’s latest inflation report shows prices rising by 8.3% over the past year and core inflation (which excludes volatile food and energy prices) continuing to accelerate. Real wages have failed 2.7%. Moody’s Analytics and Penn-Wharton estimate that inflation is costing the average household $300 per month. A Harris poll reveals that 84% of Americans are […]
Ace the price of bitcoin and other prominent cryptocurrencies has dropped dramatically in recent days, a central type of token used by traders — called a stablecoin — has also begun to lose value, sparking broad questions about the viability of cryptocurrency as an asset class. Days after one of the largest stablecoins, called terraUSD, […]
New Yorkers preparing to install air conditioners for the hot summer months are going to get burned with higher electricity costs — a projected 12 percent hike over last summer’s monthly bills, utility officials warned Thursday. The summer sticker shock comes on top of the big hikes in utility bill costs over the winter. “New […]
Netflix loves touting its culture of avoiding rules and minimizing corporate bureaucracy. But of course the company has operating guidelines, famously detailed in the Netflix Culture document posted on its website. Co-founder Reed Hastings even wrote a 2020 book explaining the principles, titled “No Rules, Rules: Netflix and the Culture of Reinvention.” Now Netflix is […]
MINNEAPOLIS — The runaway train that is the Astros rolled into Target Center and bowled over the Twins en route to sweeping a three-game series, including a pair of wins on Thursday afternoon to run their winning streak to a season-high 10 games. It’s the longest current streak in the Major Leagues. The Astros had […]
According to Bloomberg, a number of PlayStation staff are “seething” about an email sent by CEO Jim Ryan today, in which he urged employees to “respect the differences of opinion” when it comes to abortion rights. A recent leak from the US Supreme Court put the issue into sharp focus, after a motion emerged to […]
Grubhub is offering to pick up the tab for lunch across New York City next week — and restaurants are yawning. The barrage of freebies from food delivery companies — including rivals UberEats and Doordash, as well as grocery apps like Getir, Gopuff and Gorillas that deliver items within minutes — is reaching new heights, […]
T-Mobile launched its 5G home internet service around this time last year with the promise of a low $50 monthly rate, easy setup, and data speeds at least as good as traditional broadband internet. In reality, it’s kind of a mixed bag. This year, it’s hoping to tempt more people away from traditional internet providers […]
In the USA and in Europe, interest in the potential for artificial intelligence to transform different aspects of the life sciences industry is at an all-time high. Much of the attention has been paid to the potential for an algorithmic, machine learning-based approach to drug discovery. The charge has been led by companies such as […]
PHILADELPHIA — Thursday was a do-or-die situation for the Philadelphia 76ers as they returned home for Game 6 facing elimination with the Miami Heat. The Sixers had the advantage of being able to be at home and the home team had won the first five games of this series and it had been relatively easy […]