Celebrity Life
Powell Will Take Action to Reduce Inflation as Soon as March
WASHINGTON — The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation. With high inflation squeezing consumers and businesses and unemployment falling steadily, the Fed also said…
GM Will Invest $7B in Michigan Plants to Make Electric Vehicles and Batteries
LANSING, Mich. — General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant. The moves, announced Tuesday in the state capital of Lansing, will create…
Chinese Streaming Service Changes the End of Fight Club so the Police Win
“Through the clue provided by Tyler, the police rapidly figured out the whole plan and arrested all criminals, successfully preventing the bomb from exploding,” the Tencent Video version tells viewers
Dow Drops 1,000 Points to Lowest Level in 10 Months
NEW YORK — The Dow Jones Industrial Average has dropped more than 1,000 points Monday as financial markets buckled in anticipation of inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine. Stocks extended their three-week decline on Wall Street and put the benchmark S&P 500 on track to close…
Small Businesses Need Help Again. But More Stimulus Could Be Risky
An unexpected jump in new jobless claims the week of Jan. 15 dredged up the kind of bad news that economists fretted had been lurking under the surface of an improving economic picture: The speedy spread of the omicron variant hobbled businesses small and large alike, as mom-and-pop restaurants have been relegated to shutting their…
Netflix Stock Plunges After Announcing Low Subscriber Growth and Raising Prices
SAN RAMON, Calif. — Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader. The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about…
Exclusive: Intel Reveals Plans for Massive New Ohio Factory, Fighting the Chip Shortage Stateside
As part of an effort to regain its position as a leading maker of semiconductors amidst a global chip shortage, Intel is committing $20 billion to build a manufacturing mega-site in New Albany, on the outskirts of Columbus, Ohio, the company exclusively confirmed to TIME. The chip maker says it will build at least two…
We Can’t Talk About the Future of Work Without Talking About Families
Innovation and profit suffer when so many employees feel they can’t bring their whole selves to work, Indra Nooyi writes.
Inside Finland’s Plan to End All Waste by 2050
Finland believes education is key—getting every citizen to understand the need for a circular economy, and how they can be part of it
Inside Finland’s Plan to End All Waste by 2050
Finland believes education is key—getting every citizen to understand the need for a circular economy, and how they can be part of it
Why Investors Are Paying Real Money For Virtual Land
A blank square of pixels in a virtual metaverse world like The Sandbox can cost as much as a home in the real world. But investors are buying in
Microsoft Buying Activision Blizzard Might Be Good For Gamers, But Bad for Developers
On Tuesday tech giant Microsoft announced its proposed purchase of gaming company Activision Blizzard for nearly $69 billion. The deal would grant Microsoft ownership over globally recognized franchises like Call of Duty, World of Warcraft, and Candy Crush, to name a few. It also creates a new division in the company, Microsoft Gaming, to be…