In a recent report, the US Federal Reserve (FED) projected a slowdown in wage growth for the second half of the year, attributing it to rising labor costs. These costs, in large part, are the result of the Fed's decisions to increase interest rates in order to control inflation.
The forecast,…
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Warner Bros lowered its growth forecast
Media empire Warner Bros. Discovery has revised its annual profit projections to a range of $300 million to $500 million, largely due to the impact of strikes by the screenwriters' and actors' unions in the United States. These strikes have…
US jobs increased by 3.8 % in August
The US economy generated 187,000 new non-agricultural jobs during the month of August, a figure higher than the 157,000 new jobs created in July, although the unemployment rate rose three tenths, up to 3.8 %, according to published data.…
Big US banks paid $500 million in conspiracy lawsuit
In a high-impact legal twist, renowned financial institutions Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to jointly pay out a colossal sum of approximately $500 million, under a settlement aimed at ending a lawsuit…
US sues SpaceX for alleged discrimination
The United States Department of Justice filed a lawsuit against Space Exploration Technologies Corporation (SpaceX), a company founded and directed by Elon Musk, for discriminating against asylees and refugees in the company's hiring…
Trump turned himself in to US justice in Georgia
The former president of the United States Donald Trump arrived at the Fulton County jail, in the city of Atlanta, where he has turned himself in before the authorities for the case that is investigating him for his alleged involvement in a…
Biden will promote reforms in the IMF and WB to support developing countries
At the upcoming G20 summit in New Delhi, President Joe Biden will present his approach to modernizing the International Monetary Fund (IMF) and the World Bank (WB) to better support developing countries, the White House reported. on…
Titan Global was penalized for misleading claims and fraud
Fintech investment adviser Titan Global Capital Management has accepted a cease and desist order from the US Securities and Exchange Commission (SEC), along with a ban and sanctions, after the agency filed charges against it related to…
Lula and Biden spoke about climate change
Brazilian President Luiz Inácio Lula da Silva held a telephone conversation this Wednesday with his American counterpart, Joe Biden, emphasizing the importance of seriously addressing the debate on the climate crisis.
During the call,…
Coinbase authorized to offer crypto futures in the United States
Crypto-asset exchange Coinbase announced that its subsidiary Coinbase Financial Markets has obtained, two years after filing the application, regulatory approval from the National Futures Association (NFA) to offer US clients access to…
Biden signed an order limiting certain investments with Chinese companies
US President Joe Biden has signed an executive order placing limits on US investments in certain Chinese tech companies, a move that could escalate tensions between the two nations. This move, one of the most prominent taken by the Biden…
Trump will try to change the venue of his impeachment trial
Former US President Donald Trump has announced his intention to request a change of venue for the trial in which he faces charges of trying to interfere in the 2020 elections. His legal team will seek to move the proceedings to a court…