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U.S. inflation likely to remain elevated for up to four years – BofA
BofA expects U.S. inflation to remain elevated for two to four years, against a rising perception of it being transitory, and said that only a financial market crash would prevent central banks from tightening policy in the next six months.
The Teamsters have a new mission: Unionize Amazon workers
One of the nation’s largest union is aiming to unionize Amazon workers.
‘We have a deal’: Biden announces infrastructure agreement
President Joe Biden declared on Thursday that “we have a deal,” announcing a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.
Why Tesla stock is getting left in Ford’s and GM’s dust
Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately.
Panel pushes ahead legislation targeting Big Tech’s power
A House panel pushed ahead Wednesday with ambitious legislation that could curb the market power of tech giants Facebook, Google, Amazon and Apple and force them to sever their dominant platforms from their other lines of business. Conservative Republican lawmakers haggled over legislative language and pushed concerns of perceived anti-conservative bias in online platforms but couldn’t halt the [...]
U.S. software mogul John McAfee dies by hanging in Spanish prison -lawyer says
U.S. technology entrepreneur John McAfee apparently hanged himself in his prison cell on Wednesday after the Spanish high court authorised his extradition to the United States, his lawyer told Reuters.
Supreme Court: Mortgage overseer structure unconstitutional
The Supreme Court on Wednesday ruled that the structure of the agency that oversees mortgage giants Fannie Mae and Freddie Mac violates separation of powers principles in the Constitution.
Bitcoin ticks back up to $34,000 after a dizzying 48 hours
Bitcoin returned above the $30,000 mark on Wednesday, highlighting the extreme volatility that has plagued cryptocurrencies in recent months.
Amazon sees Prime Day sales boost amid supply chain snags
Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.
EU antitrust officials are investigating Google’s vast ads business
The European Union has launched an antitrust investigation into Google's vast advertising business, claiming that the company may have disadvantaged rival services, making it harder for brands to reach consumers and for publishers to fund their content.
Bitcoin drops below $30,000 as relentless China crackdown weighs
Bitcoin on Tuesday fell below $30,000 for the first time since January,briefly erasing gains for the year and adding to losses sparked a day earlier when China's central bank deepened a crackdown on cryptocurrencies.
US existing home sales fall again as prices continue to soar
Sales of previously-occupied homes fell for the fourth straight month in May as soaring prices and a limited number of available properties discouraged many would-be buyers.
