Theyre getting Z last laugh kinda. Generation Zs recent foray into the corporate world has been an eye-popping escapade plagued by their annoying workplace habits and helicopter parents accompanying them on interviews. Now, newcomers to the 9-to-5 grind are inflicting a fresh new level of hell onto the workforce with a trending act of defiance known as
The devastating fires ripping across Los Angeles could cause more than $50 billion in damages making them the most costly in state history, according to a report. Five wildfires are currently tearing through Santa Monica, Malibu and other areas in Los Angeles County that are home to some of the countrys priciest real estate with
Cryptocurrencies appear to have staying power, Federal Reserves Chairman Jerome Powell said in June. Perhaps truer words have never been spoken, as the market value of all cryptocurrencies has doubled to $1.3 trillion this year, recovering from last years crash. More impressive is the renewed interest in centralized crypto-collateralized finance after last years controversial collapse
The Biden administration’s spending on stimulus to keep the economy going during the COVID pandemic may have contributed a little bit to inflation, Treasury Secretary Janet Yellen said in an interview on CNBC on Wednesday. Yellen said supply chain issues and shortages were the main factor driving up prices during the pandemic, but conceded that
The team behind Mantra, the layer-1 blockchain for real-world assets, has signed a $1 billion agreement deal with DAMAC Group, an investment conglomerate, to boost accessibility to tokenized assets in the Middle East. Users can tokenize DAMAC Group assets from early 2025 using the Mantra blockchain. DAMAC Group is a multi-billion-dollar business conglomerate whose tentacles
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. Minutes from the meeting, released after the typical three-week lag, also showed clear division among the Feds 19 policymakers.
Tesla and SpaceX CEO Elon Musk has shown his support for Pierre Poilievre, Canada’s pro-Bitcoin opposition leader. This follows Canadian Prime Minister Justin Trudeau’s announcement of his resignation on January 7, in the wake of the abrupt departure of his finance minister, Chrystia Freeland. Musk shared a video of Poilievre discussing inflation and fiscal policy
On Jan. 9, crypto news feed DB News reported that an official confirmed the US government has been given the green light to liquidate 69,000 BTC worth around $6.5 billion from Silk Road seizures. An unsourced screenshot read, A federal judge ruled on Dec. 30 that the DoJ (Department of Justice) can sell 69,370 Bitcoin
The US entities’ share of global Bitcoin reserves has reached an all-time high amidst increasing confidence in the asset class. The figure is now 65% higher than non-US entities, according to CryptoQuant CEO Ki Young Ju. This milestone is based on an analysis of Bitcoin holdings by identifiable US entities – including miners, MicroStrategy (MSTR),
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Firefighters in Los Angeles have successfully beaten back a fire that threatened some of Hollywood’s most iconic landmarks. Taming the fire in the Hollywood Hills, which broke out late on Wednesday evening, is the first
California’s shortage of affordable housing poses a serious threat to the state’s long-term economic health and well-being. You don’t need a Ph.D. to figure out that an affordable housing shortage hampers labor force growth, stifles business expansion and new business formation, erodes the tax base, and contributes to homelessness, drug abuse and street crime. To
06:19 Dangerous winter storm begins assault on Washington, Baltimore as heavy snow and ice fall across mid-Atlantic Millions of people from the Midwest to the mid-Atlantic are under winter weather alerts as a powerful and dangerous winter storm sweeps to the east, impacting cities like Washington, Baltimore, Richmond in Virginia and Philadelphia. The first major
University of California – San Francisco Jan 6 2025 An up-close look at how patients respond to the drug at different times and doses adds nuance to a recent finding that Paxlovid does not work for long Covid. An extended course of Paxlovid appears to help some patients with long Covid, according to a case
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity,
Many of the world’s largest hedge funds raked in comfortable double-digit returns in 2024 — benefiting from chaotic markets, central bank policy changes and a tight presidential election race. The big winners included Dan Loeb’s New York-based Third Point, which posted a 28.7% return, Mets owner Steve Cohen’s Point72, which reported a 19% return, and
Cybersecurity guru Amit Yoran, 54, a noted expert in the field who worked in the past for the Homeland Security Department and spoke on the subject on television, has died after a battle with cancer, his company said Saturday. Yoran, described as a visionary, who took a leave of absence last month, passed away Friday,
WASHINGTON Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal’s prospects to investors. Lourenco Goncalves, CEO of steelmaker Cleveland-Cliffs, which
The Commerce Department said Thursday it is considering rules that could limit or even ban the sale of Chinese-made drones in the US a move that follows growing alarm over a disturbing series ofunidentified drone sightings in New Jersey and New York. The department is seeking public comments by March 4 to bolster security in
A Florida family’s New Year’s Eve celebration turned to tragedy after a 10-year-old girl was struck and killed by a stray bullet from “celebratory gunfire” just moments after ringing in the new year, authorities said. Yaneliz Munguia suddenly collapsed at 12:04 a.m. Wednesday after going to light fireworks outside her home in Miami-Dade County —
ISIS-supporting New Orleans terrorist Shamsud-Din Jabbar was lauded with a ton of medals during his career in the US Army — including a Global War on Terrorism Service Medal. In the years before he unleashed hisdeadly New Years Day attack, the 42-year-old Texas native earned 23 honors, including medals, ribbons and badges, according to records
A brand of fresh broccoli sold at Walmart stores in 20 states is being recalled over listeria contamination, the Food and Drug Administration announced Thursday Braga Fresh, a California-based company, issued a voluntary recall of washed and ready-to-eat 12-ounce bags of Marketside Broccoli Florets. The FDA is urging consumers to throw out any bags of
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