Fed Chair Says Inflation Is Too High & USC, UCLA Announce AI Majors
In his first major speech as Fed Chair, Kevin Warsh told the Fed's annual Jackson Hole conference that inflation — currently at 3.7%, above the Fed's 2% target — remains a top concern, and warned the ...
28 Aug 3min
Mamdani Announces New Business Council & NFL Drops Pro Bowl
NYC Mayor Zohran Mamdani has tapped a fifteen member Business Advisory Council with executives from real estate, retail, dining, sports, and healthcare. But missing from the council are executives fro...
27 Aug 4min
Meta Settles, Tim Curry Passes, and Lebron James Loan Ties to Mark Walter
Meta has agreed to pay up to $16.7 billion to settle claims from California and other states that its platforms harmed the mental health of young users. The tech giant denies wrongdoing, but will roll...
26 Aug 2min
Bitcoin Surges Past $77K & Californians Buying Second Passports
Bitcoin had been sliding for months, down 31% over the past year. Then last week, everything changed. News out of Washington sent the crypto surging back above $77,000, jumping 20% in just a few day...
24 Aug 2min
Walmart Sales Growth Craters & Disney's Tomorrowland Plans
The world's largest retailer, Walmart, just reported its worst sales growth in more than six years. Last quarter, the Arkansas-based company saw its store sales rise just 2.6 percent. This comes as ov...
21 Aug 2min
National Debt Tops $40 Trillion & Tony Romo's Future with CBS
The U.S. national debt hit a record high this week, topping $40 trillion. That’s double what it was in 2016 at the start of President Trump's first term. Most of that spending is going toward rising m...
20 Aug 2min
Record Number of Kindergartners Unvaccinated, Jeanie Buss Contests Lakers Sale, and Meta Trial Begins
A record number of kindergartners are starting school this year, without required vaccinations, with new federal data showing that exemption rates are hitting an all-time high for the fourth year in a...
18 Aug 4min
