With inflation running at the hottest level in 40 years, Wall Street is bracing for the possibility of interest rates rising even higher than previously expected. Economists now see a two-thirds probability the Fed will increase interest rates by a full percentage point at its meeting later this month, on …
Read More »Elon Musk had twins last year with Shivon Zilis, one of his top executives, report says
Elon Musk had twins with a top executive at Neuralink, director of operations and special projects Shivon Zilis, in November, according to a report in Insider that cited court documents related to the children. Musk, 51, and Zilis, 36, filed the court documents to ask for their children’s names to …
Read More »Pharmacy sees 3,000% jump in emergency contraceptive sales after Roe ruling
Women across the U.S. are stocking up on emergency contraceptives after the Supreme Court overturned its landmark ruling protecting a woman’s right to have an abortion. Online reproductive and sexual health provider Wisp, which sells two different types of so-called morning-after pills, said it witnessed an unprecedented 3,000% surge in …
Read More »Lego to open U.S. factory after leaving the country 16 years ago
Lego plans to invest more than $1 billion over the next decade to build a factory near Richmond, Virginia. The 1.7 million-square-foot factory, which is expected to open in 2025, will feature a carbon-neutral design and will employ more than 1,760 people, Virginia officials said Wednesday. The Danish toy manufacturer, …
Read More »Public Service Loan Forgiveness program can help tackle student debt, borrower says
More than half a million public-sector workers in the U.S. are expected to have their student debt cleared under a revamped loan forgiveness program. But for individuals hoping to take advantage of the federal initiative, actually getting those loans canceled takes persistence, said one person who successfully used the program …
Read More »Strawberries likely caused hepatitis A outbreak, FDA says
Packages of FreshKampo and HEB brand strawberries are likely linked to more than a dozen recent cases of hepatitis A in California, federal food regulators said. The FDA and Centers for Disease Control and Prevention, along with the Public Health Agency of Canada, Canadian Food Inspection Agency, and state and …
Read More »Twitter fires two executives, adding to Elon Musk buyout turmoil
In the latest sign of turmoil inside Twitter amid Elon Musk’s planned buyout of the company, the company has fired two senior executives. A Twitter general manager, Kayvon Beykpour, is leaving after seven years. In a series of tweets Thursday, Beykpour said that CEO Parag Agrawal “asked me to leave …
Read More »Stocks soar to biggest gain in 2 years after Fed downplays higher rate increase
Stocks soared to their biggest gain in two years Wednesday after Federal Reserve Chairman Jerome Powell downplayed the likelihood of an even larger rate increase than the one just announced Wednesday. That allayed investor concerns that the central bank was on its way to a massive increase of three-quarters of …
Read More »Incandescent light bulbs to get switched off in 2023 under new Biden rules
The Biden administration is pulling the plug on incandescent light bulbs in favor of energy-efficient light-emitting diodes, or LEDs. The phaseout of the old-fashioned bulbs is aimed at reducing utility bills and conserving energy. The U.S. Department of Energy on Tuesday said it was raising energy efficiency standards for light …
Read More »Travel subscriptions are taking off. Should you get on board?
Subscriptions have seeped into nearly every consumer industry, from TV to tacos. There are even services that help subscribers cancel all their subscriptions. But one industry has notably lagged: travel. That could be changing. The market for travel subscriptions has started to expand and includes cheap flights, airport lounges, luxury …
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