Oil prices experienced a significant surge at the beginning of the week, while stock markets and the Israeli currency faced declines as investors responded to the outbreak of war between Hamas and Israel. While Israel is not a major oil producer, the intensifying tensions in the oil-rich Middle East unnerved investors who had been selling…
Lottery enthusiasts are in for a thrilling opportunity to win big tonight, as the Powerball jackpot skyrockets to an estimated $1.4 billion for Saturday’s drawing after Wednesday’s event failed to produce a grand prize winner. According to the Powerball website, this colossal jackpot will have a cash value of approximately $614.0 million. Winners will face…
Gold, traditionally considered a safe haven for cautious investors, is facing formidable competition this year. Gold prices settled at $1,831.80 per troy ounce on Thursday, marking their lowest close since March. This decline follows a few months of decreasing gold prices, with the selloff intensifying recently due to surging bond yields and the strength of…
Prescriptions for semaglutide drugs like Wegovy and Ozempic have been on the rise, leading to increased speculation about the potential impact on people’s eating habits. These drugs, known for reducing appetite, have seen a 40-fold increase in prescriptions in the past five years, with 1.7% of the U.S. population prescribed them in 2023. Food sellers…
In a landmark event, more than 75,000 unionized employees of Kaiser Permanente, one of the United States’ largest not-for-profit healthcare providers, have initiated what is now being regarded as the largest healthcare worker strike in the nation’s history. These striking employees are scattered across multiple states, with the majority located on the West Coast, specifically…
A federal appeals court in the United States has extended the scope of a previous ruling that restricts the Biden administration’s ability to communicate with social media companies. The original ruling, issued by the conservative 5th Circuit US Court of Appeals last month, limited the government’s interactions with social media platforms regarding content related to…
Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own course. A philanthropist building a fortune which, he repeatedly…
JPMorgan Chase CEO Jamie Dimon delivered a stark warning to Wall Street on Monday, suggesting that the Federal Reserve’s aggressive strategy of raising interest rates in the fight against inflation may not be coming to an end anytime soon. While most analysts anticipate the central bank to raise interest rates by just 0.25 percentage points…
Corporate America can breathe a collective sigh of relief as lawmakers narrowly avoided a chaotic shutdown of the federal government. This potential shutdown had been a source of concern for business leaders and economists who warned of its adverse effects on the economy, causing uncertainty, disruptions, and damaging confidence. The looming shutdown seemed almost inevitable…
The highly anticipated merger between Truth Social and the Trump media empire, previously shrouded in controversy and delays, has taken an unexpected turn. A recent regulatory filing revealed that both parties involved in the deal have the option to terminate the merger between October 31 and November 21. Digital World Acquisition Company, the entity striving…