Working from home could wipe $800 billion from office values globally
Remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030 as the post-pandemic trend pushes up office vacancy rates and drives down rents, according to a new report.
2023-07-13 20:29
Inflation fever is finally breaking. The Fed's soft landing may be in sight
If Fed Chair Jerome Powell were any less buttoned up, he'd be well within his rights to call a press conference, stride up to the lectern in a T-shirt and board shorts and say three words — "soft landing, jerks!" — before dropping the mic and walking out.
2023-07-13 19:54
Actors' strike deadline passes with no word from either side
Negotiations between the union representing 160,000 actors and the nation's major studios and streaming services appear to have gone into overtime, with an 11:59 pm PDT deadline passing without any official word from either side.
2023-07-13 15:55
Tourists are packing European hotspots. And Americans don't mind the higher prices and crowds
Crowds are packing the Colosseum, the Louvre, the Acropolis and other major attractions as tourism exceeds 2019 records in some of Europe’s most popular destinations
2023-07-13 14:24
GST: New tax threatens India's booming online gaming industry
The industry says it has been blindsided by the government's "catastrophic" tax decision.
2023-07-13 14:15
Top diplomat says China, ASEAN pushing ahead with free trade area talks
BEIJING China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third
2023-07-13 13:18
Pakistan gets final approval for $3bn IMF bailout
The deal follows $2bn in financial support from Saudi Arabia for the crisis-hit nation.
2023-07-13 07:57
FTC to appeal Microsoft/Activision Blizzard merger
The Federal Trade Commission said Wednesday it would appeal a decision from earlier this week by a district court judge allowing Microsoft to close its $69 billion Activision Blizzard merger.
2023-07-13 07:45
JPMorgan Chase CEO Jamie Dimon isn't a fan of 'Bidenomics'
Jamie Dimon isn't sold on 'Bidenomics.' "I'd be careful about that," said Dimon, CEO of JPMorgan Chase, in reference to president Joe Biden's economic theory that rejects "trickle-down" policies in favor of focusing on the middle class.
2023-07-13 06:56
New lawsuit claims Elon Musk's Twitter owes more severance to former employees
A former Twitter employee on Wednesday filed a new lawsuit against Twitter and its owner, Elon Musk, alleging that the company failed to provide the full amount of severance it had promised employees prior to mass layoffs last November.
2023-07-13 06:51
FACT FOCUS: A story about a deadly TikTok boat-jumping challenge went viral. Then it fell apart
News outlets are warning of a deadly TikTok challenge that involves people jumping off speeding boats
2023-07-13 06:25
Disney extends CEO Bob Iger's contract through 2026
The Walt Disney Company's board has unanimously voted to extend CEO Bob Iger's contract through the end of 2026 — an extension of two years.
2023-07-13 05:21