Business

Trucking CEOs expect high prices, demand in second half of 2022

Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor rules that change their employment status begin to go into effect, creating another choke point in stressed US supply chains. David Paul Morris …

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Bitcoin Price Moves Higher On Fed Rate Hike – Bitcoin Magazine

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. On July 27, 2022, the Federal Reserve went through with another 75-bp rate hike. This was …

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Whoops, Peacock added no new paid subscribers over the last quarter

Photo: Eugene Gologursky/Getty Images for Macy’s Inc. There are certain headlines you typically want to avoid when you’re trying to get a relative new streaming service off the ground—a period where nothing is quite so important as convincing users, daunted at the thought of signing up for another goddamn login, that you’ve got the vital …

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Apple’s services slowdown in Q3 potential concern for investors

Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images For over half a decade, Apple has been touting its services business as a growth engine that will make up for smart …

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Biden shrugs off recession talk, talks up fighting inflation

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead to major progress on measures to tame inflation, reduce debt and preserve America’s competitive edge. The desire to accentuate the positive …

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GDP: US economy contracts again, fueling recession fears

Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition of a recession as two consecutive quarters of negative economic growth. The hotly anticipated data release has taken …

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Employees at Amazon warehouse in Illinois allege racially hostile work environment

Employees at a Joliet, Illinois, Amazon warehouse have filed a complaint with the Equal Employment Opportunity Commission against the company, alleging corporate abuse, racial discrimination, and retaliation. According to the complaint filed Tuesday, a group of Black employees at the MDW2 Fulfillment Center said that Confederate imagery on coworkers’ clothing, racist death threats written in …

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Dollar strength is more worrisome than inflation for Asia, economist says

Exchange rate weakness in the face of a strong US dollar is a bigger concern for Asia than inflation, Taimur Baig, managing director at DBS Bank in Singapore, told CNBC on Thursday. “We’re not particularly worried about inflation driving policy, but exchange rate weakness, dollar cash drying up, those things [are] a bigger issue, [and …

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