AUTHOR NAME

Forbes

42 POSTS

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.

California Scheming

Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis.

Facebook Owner Meta Must Sell Giphy, U.K. Antitrust Regulator Rules

The U.K.'s competition regulator ordered Facebook’s parent company, Meta, to sell the animated image-sharing platform Giphy on Tuesday, a move that is set to unwind an 19 month-old acquisition and deal a blow to the recently rebranded company.

Pfizer Sues Employee, Alleging She Stole Covid-19 Vaccine Documents

Pfizer is suing one of its employees after she allegedly stole thousands of the company’s files with the intent to take a job with one of its competitors, with some of the files including information about the Covid-19 vaccine.

Elon Musk Is The First Person Worth More Than $300 Billion

After adding tens of billions to his net worth on Monday, Elon Musk has become the first person with more than $300 billion to his name.

Latest news