The Federal Reserve raised interest rates by a quarter percentage point and signaled six more such hikes this year, launching a campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.
Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holdin…
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At least seven large companies filed for Chapter 11 bankruptcy protection in less than 48 hours, a breakneck pace of restructurings that included once-hot digital-broadcaster Vice Media LLC and KKR & Co.-backed Envision Healthcare Corp.
That’s the largest number of filings on record during a two-day period since at least 2008, according to Bloomberg-compiled data on companies wi…
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Dave Horesh always liked the nice round prices on his company’s website: $25, $50, $100 for custom-made fabric banners and pennants in a rainbow array of felts. But by October, vendors for materials like thread, felt, ink and brass grommets had raised prices multiple times in the course of the year, turning a “slow drip” of increased costs into a troubling conundrum. So co-fou…
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Even as our country continues to move past the worst effects of the COVID-19 pandemic, supply chain issues persist, there is growing inflation, labor and wage pressure, and rising interest rates. While Americans work to make sense of all this—and plan around it—lack of financial literacy makes it difficult for many. Over the long run, this lack of knowledge puts the American Dream a…
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Silicon Valley entrepreneur and philanthropist Nicole Shanahan emerged this weekend at the center of a rift between two of the world’s richest men, Sergey Brin and Elon Musk.
Shanahan and Brin have been married for over three years but announced in June they plan to divorce, citing “irreconcilable differences.” The Wall Street Journal reported this weekend that Musk and …
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Amy Lentz Liberati, the head of human resources at a global company, is one of TikTok’s biggest job search gurus. Her videos, posted under the name “Hack Your HR,” give viewers insight on best practices when looking, applying and interviewing for a job—and they’ve racked up nearly 3 million views.
But one of her biggest tips for would-be job seekers involves…
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The face of Queen Elizabeth II, who died on Sept. 8, is arguably one of the most recognized in the world. As the head of the Commonwealth, her profile image is currently prominently featured on the coins and banknotes not just of the U.K. but also at least 20 other countries around the world. Currently, all 29 billion coins and 4.7 billion banknotes in circulation in the U.K. feature the Queen&…
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In 2023, TIME will once again recognize 100 businesses making an extraordinary impact around the world. Applications for the TIME100 Most Influential Companies of 2023 are open, now through March 1, 2023. Apply here.
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.) Read more
There’s no doubt that Harry Styles is one of the biggest pop stars on Earth—maybe even, as his Don’t Worry Darling co-star Florence Pugh called him earlier this week, “the most famous man in the world.” It tracks, then, that the moment Styles announced he would be bringing his “Love on Tour” shows back to the United States following international…
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