Chicago Federal Reserve President, Austan Goolsbee, expressed confidence that inflation can be controlled without the need for a recession, despite the likelihood of further interest rate increases. Goolsbee believes that the ongoing job growth is a key factor in the Fed’s plan to restore price stability while avoiding any negative impact on the economy. He
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Northwestern University is taking decisive action to address hazing within its football program. In response to the findings of an investigation that substantiated a claim of problematic conduct, Coach Pat Fitzgerald, who has led the Wildcats since 2006, will be suspended without pay for two weeks, starting this Friday. It is worth noting that preseason
Bed Bath & Beyond has canceled its auction for the Buy Buy Baby chain after failing to find a buyer willing to keep the stores operating. Although the auction was unsuccessful, there are still parties interested in the assets of the baby retailer. Bidders withdrew from the auction when they realized that the chain’s value
Meta’s latest venture, Threads, has experienced a remarkable surge in popularity since its public launch on Wednesday night. Fueled by the vast userbase of Instagram, the text-based social media platform has already garnered an impressive 70 million sign-ups in its first full day, as confirmed by Meta CEO Mark Zuckerberg on Friday. The Verge reported
Graham Patrick Martin, known for his role in Catch-22, and Andrea Londo, famous for her work in Narcos, have recently completed shooting for Adventure Tom, a dramedy that takes viewers on a road trip across the United States. The film, written and directed by Miguel Duran, was produced by Create Entertainment. The production journey began
The FDA has announced the full approval of Lecanemab (Leqembi) as the first Alzheimer’s treatment that specifically targets the disease process. Teresa Buracchio, MD, acting director of the Office of Neuroscience in the FDA’s Center for Drug Evaluation and Research, describes this development as a significant milestone in the treatment of Alzheimer’s disease. The approval
Washington – Bed Bath & Beyond, a popular home goods retailer, is facing criticism from Democratic lawmakers over allegations of evading severance pay for thousands of employees who were laid off following the company’s recent bankruptcy. Sens. Elizabeth Warren of Massachusetts and Cory Booker of New Jersey have accused the company of “failing to treat
The stock market experienced a decline on Thursday as investors grew anxious about the state of the economy and the trajectory of interest rates. The Dow Jones Industrial Average fell by 441 points, equivalent to a 1.3% decrease. The S&P 500 also suffered a loss of 1.1%, while the Nasdaq Composite dropped by 1.3%. This
According to minutes released on Wednesday, almost all Federal Reserve officials at their June meeting expressed the likelihood of further tightening, but at a slower pace than the rapid rate increases seen since early 2022. The decision to hold off on a rate rise was made due to concerns over economic growth, despite the majority
The International Alliance of Theatrical Stage Employees (IATSE) has unveiled its “Core Principles” for the application of artificial intelligence (AI) and machine learning (ML) technologies in the entertainment industry. Recognizing the potential threat to employers’ business models and the livelihoods of IATSE members, the union emphasizes the need for a comprehensive approach to address the