Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations
CNBC’s Rick Santelli reports on the latest economic data to cross the tape. Source link
Starbucks to slash holiday bonuses 40% due to weak earnings: report
Starbucks is slashing its corporate employees’ holiday bonuses by 40% as the coffee giant has suffered its worst year since it got slammed by the pandemic in 2020, according to a report. The wimpy bonuses — which are usually paid in December — reflect Starbucks’ struggle in the fast-food industry as cash-strapped customers cut back … Read more
Australia social media ban for under-16s takes a big step closer to becoming law
The lower house of Australia’s parliament passed legislation Wednesday that, if approved as expected, will ban children under the age of 16 from using most social media platforms, bringing the country ever closer to implementing what would be a uniquely strict law governing kids internet habits. The country’s House of Representatives passed the bill by a … Read more
Derrick Henry and Saquon Barkley prepare for earliest matchup ever between 1,300-yard running backs
Inside the Numbers dives into NFL statistics, streaks and trends each week. For more Inside the Numbers, head here. ___ Saquon Barkley and Derrick Henry combined for 395 yards rushing on back-to-back nights at SoFi Stadium as the dynamic playmakers keep proving that investing in running backs can pay off in the right situation. Next, … Read more
‘Wicked’ | Anatomy of a Scene
Hi, This is Jon M. Chu and I am the director of “Wicked.” “And Elfie. Can I call you Elfie?” “Well, it’s a little bit perky.” So we’re about midpoint in the movie. And these two roommates, who are very different from each other, have moved into this semi-small dorm room. And it’s Glinda and … Read more
First-of-its kind fig found in Ireland unlocks new details about trading between the Roman Empire and Ireland
A fig dating back 2,000 years ago was found during excavations of Drumanagh in Dublin. The finding shines light on the foods that were traded between the Roman Empire and Ireland thousands of years ago. The 2,000-year-old fig is one of many items that have been unearthed during excavations in the area. Among other finds … Read more
Pending home sales rise 2% monthly
CNBC’s Diana Olick reports on the latest housing data to cross the tape. Source link
Landmark fish and meat markets in London to close, ending 1,000 years of tradition
LONDON — Two of London’s most famous markets — one selling fish, the other meat — are set to close in the coming years, bringing an end to traditions stretching back to medieval times. On Wednesday, the City of London Corporation, the governing body in the capital city’s historic hub, is set to present a … Read more
Biden administration loans $6.6B to struggling Tesla rival Rivian
Shares of a struggling electric-car maker that competes against Tesla are surging this week after the lame-duck Biden administration loaned the company billions of dollars. The Department of Energy announced on Tuesday that it was extending a $6.6 billion loan to Rivian for the construction of a $5 billion electric car factory in Georgia that … Read more
Australia’s social media ban for kids is closer to becoming law
MELBOURNE, Australia — Australia’s House of Representatives on Wednesday passed a bill that would ban children younger than 16 years old from social media, leaving it to the Senate to finalize the world-first law. The major parties backed the bill that would make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines … Read more