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Forbes

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White House Sees No Indication Russia Preparing Nuclear Attack After Biden’s ‘Armageddon’ Warning

Biden’s comments this week suggesting Russia’s war in Ukraine could escalate to a nuclear “Armageddon” were not based on any new intelligence.

Recession Watch: ‘Very Concerning’ Sign Of Serious Economic Slowdown Emerges As Stock Market Collapses

Topline A growing rash of economists are warning the odds of a recession have increased amid a historic inversion of the yield curve—a telltale sign...

Recession Watch: Fears Return As Fed Warns Americans Of ‘Some Pain’ As Economy Braces For More Job Cuts

Fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank works to ease decades-high inflation

Dr. Fauci to Retire by End of Biden’s Term

Dr. Anthony Fauci will retire as director of the National Institute of Allergy and Infectious Diseases by the end of President Joe Biden’s term after nearly four decades in the role, he told Politico.

Fed Rate Hikes Could Cause Bankruptcies To Bloom In Private Equity Portfolios

The Federal Reserve approved the first interest rate hike in the U.S. since 2018 this month, and several more increases seem likely in the months to come.

More Than 40% Of Companies Say Workers Have Asked for Higher Pay to Offset Inflation. Few Have Revised Salary Budgets.

Inflation may be hitting new 40-year highs, but less than a quarter of U.S. organizations say they are revising their salary budgets due to inflation.

4th Vax Shot ‘Not Good Enough’ To Protect Against Omicron: Israeli Researcher

Fourth dose is “not good enough” to completely protect against an infection from the omicron variant, Prof. Gili Regev-Yochay, the director of Sheba Medical Center’s infectious disease unit and a lead researcher on the study, told reporters.

Bank Of America Cuts Overdraft Fees, Eliminates Insufficient Funds Fees

Bank of America said Tuesday it would eliminate insufficient funds fees and cut overdraft fees from $35 to $10—the latest move from a large bank away from the practice amid years of pressure from critics who say the fees unfairly target vulnerable communities.

U.S. Labor Market Recovery Lost Steam In November With A Sluggish 210,000 New Jobs

Though unemployment fell to its lowest level in nearly two years, the U.S. added back a worse-than-expected 210,000 jobs in November—indicating the labor market is still struggling to add back jobs lost during the pandemic amid the looming threat of a new coronavirus variant.

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