New York State Attorney General Letitia James speaks during a “Defend Democracy” rally, taking place on the first anniversary of the January 6, 2021 attack on the U.S. Capitol, in Brooklyn, New York, U.S., January 6, 2022. Brendan McDermid | Reuters Eight attorneys general, including those of New York, Illinois and Washington state, wrote a
Month: May 2022
Tim Kitchen | The Image Bank | Getty Images It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the
A look at the latest news in the world of crypto.
Five New York City employee pension groups that own stock in Activision Blizzard, the embattled video game maker, are suing Activision, saying that the company failed to turn over financial records as the groups try to investigate whether Activision secured a fair price in its planned sale to Microsoft. The lawsuit, filed in Delaware state
At a moment when we are seeing clear weaknesses in supply chains and needs for gearing production toward more environmentally friendly approaches, capital investment is critical. Policymakers have an opportunity to change a coming decline in investment incentives by adopting permanent policies to support growth. Expiring tax policies in major economies could create a setback
A lobby card from the film ‘The Wizard Of Oz,’ shows a film still of a scene in which American actress Judy Garland (1922 – 1969) (as Dorothy) wipes tears from the eyes of actor Bert Lahr (1895 – 1967) (as the Cowardly Lion), while watched by Jack Haley (1898 – 1979) (as the Tin
In this article MRNA The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. The biotech company’s shares soared by more
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most aggressive step yet in its battle against generational highs in inflation. Along with the move higher in rates, the central bank indicated it will begin reducing asset holdings on its $9 trillion balance sheet. The Fed had
When Elon Musk has a new start-up idea, he typically skips a crucial stage of getting the business off the ground: He doesn’t create a business plan. Over the last two decades, Musk has helped build a slew of successful companies, from PayPal to Tesla and SpaceX — making him the world’s richest person, with
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 6, 2022. Brendan McDermid | Reuters How do you spell “capitulation?” F-E-A-R. That’s what this market breeds, and there has been no escape from that wild bear out for your lunch. Putting it in the starkest black and white,
Luminola | E+ | Getty Images Amid high inflation and rising interest rates, there are fears of a prolonged stock market downturn, and some retirees may be vulnerable without a cushion of cash, financial experts say. However, there’s also the risk of crumbling purchasing power, with annual inflation growing by 8.5% in March, the U.S.
Guido Mieth | DigitalVision | Getty Images Catch-up contributions for retirement savers could get more generous for certain savers, if legislation proposed in Congress becomes law. But the benefits of the increased limits will likely be concentrated among higher-income plan participants. Today, preretirees ages 50 and up can put away an extra $6,500 toward retirement
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