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Category: Economy

Japanese stocks rose to their highest levels since 1990 as the G7 meeting took place
Economy

Japanese stocks rose to their highest levels since 1990 as the G7 meeting took place

Pamela LoweMay 19, 2023

58 minutes ago Zelenskyy attends G-7 summit in person: Financial Times Ukrainian President Volodymyr Zelensky is set to attend the…

Research shows that pre-filed tax returns may be possible
Economy

Research shows that pre-filed tax returns may be possible

Pamela LoweMay 18, 2023

The IRS is preparing to test a free online direct filing system for some taxpayers in 2024. Although pre-packaged returns…

Walmart lifts guidance, bucking weaker retail trends.  The arrow is on the rise.
Economy

Walmart lifts guidance, bucking weaker retail trends. The arrow is on the rise.

Pamela LoweMay 18, 2023

Wal-Mart stock was rising on Thursday after the retail giant reported first-quarter adjusted earnings and revenue that beat Wall Street…

Lawmakers are angry about the Fed’s inaction on its investigation into insider trading
Economy

Lawmakers are angry about the Fed’s inaction on its investigation into insider trading

Pamela LoweMay 18, 2023

(CNN) Congressional lawmakers questioned Federal Reserve Inspector General Mark Bialik on Wednesday about possible insider trading among Fed officials in…

Litecoin, XRP and other altcoins are surging, and the “blue” bitcoin is entering a lull
Economy

Litecoin, XRP and other altcoins are surging, and the “blue” bitcoin is entering a lull

Pamela LoweMay 17, 2023

While bitcoin and ether were flat on Wednesday, altcoins rose. Litecoin rose 5.67% and XRP added 6%, as measured by…

Former SVB CEO tells Senate he’s “really sorry” for the crash but deflects blame
Economy

Former SVB CEO tells Senate he’s “really sorry” for the crash but deflects blame

Pamela LoweMay 17, 2023

In his first public remarks since the collapse of the Silicon Valley bank, which unleashed widespread industry turmoil, the lender’s…

Elon Musk slams telecommuting as a ‘bull-t’ and a ‘morally wrong’
Economy

Elon Musk slams telecommuting as a ‘bull-t’ and a ‘morally wrong’

Pamela LoweMay 17, 2023

News by Patrick Riley May 16, 2023 | 11:21 p.m Tesla CEO Elon Musk has slammed remote work as “bullying”…

Sam Altman, ChatGPT Creator and CEO of OpenAI, urges the Senate to regulate AI
Economy

Sam Altman, ChatGPT Creator and CEO of OpenAI, urges the Senate to regulate AI

Pamela LoweMay 16, 2023

I’d best describe the tone of congressional hearings involving tech industry executives in recent years as hostile. Mark Zuckerberg, Jeff…

Wells Fargo will pay  billion to settle a shareholder lawsuit
Economy

Wells Fargo will pay $1 billion to settle a shareholder lawsuit

Pamela LoweMay 16, 2023

Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit accusing the bank of exaggerating the…

McCarthy says the two sides are “far apart” on the debt ceiling;  C3.ai Rockets 23%
Economy

McCarthy says the two sides are “far apart” on the debt ceiling; C3.ai Rockets 23%

Pamela LoweMay 16, 2023

Dow futures were little changed before Tuesday’s open after the Dow Jones Industrial Average rose 47 points on Monday. AI…

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