The days of ultra-low interest rates are long gone, and the Federal Reserve could begin paring back its key interest rate from a 23-year high later and less aggressively this year than markets expect. High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm.
New York City is suing a handful of social media networks, alleging their platforms’ designs exploit young users’ mental health and cost the city $100 million in related health programs and services each year.
There was a huge bang. A massive hole opened up in the side of the plane, minutes into a flight. Wind and noise filled the cabin, clothes and phones were ripped from passengers and hurled into the void. The metal of airplane seats twisted towards the opening.
Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund.
Airlines are still digging themselves out from an intense day of storms that battered the eastern half of the United States on Friday and saw every state under some type of weather-related alert.
Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic, official data showed Monday, increasing the risk of an economic contraction in the wider euro area.
Amazon emailed its millions of Prime members this week, alerting them to an upcoming change to the streaming service that will leave customers with two options: pay more or watch ads.
Regulators have issued a recall for high-powered magnetic balls after the US Consumer Product Safety Commission issued several warnings for the toy kits, citing the risk of injury or even death.
Xiaomi has unveiled its first electric car, just days after Huawei launched another one of its own, showing that the efforts of Chinese tech giants to join the electric vehicle race are beginning to bear fruit.
Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations.
© OfficialAffairs
