Numerous travelers have expressed concerns about their safety amid the recent conflict between Israel and Hamas. For those considering traveling to or within the region, the U.S. Department of State urges citizens to remain vigilant and exercise caution. The U.S. government warns against all nonessential travel to the Gaza Strip and recommends avoiding nonessential travel […]
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Prosecutors in Sam Bankman-Fried trial compare defense argument to ‘Dumb and Dumber’
Prosecutors in the trial of Sam Bankman-Fried have compared defense arguments to the 1994 comedy “Dumb and Dumber.” The analogy was made in response to the defense’s claims that Bankman-Fried was not aware that he was accused of misusing investor funds. The prosecutors argued that Bankman-Fried’s attempts to paint himself as unaware of the facts […]
Abortion bans and anti-LGBTQ laws are complicating business travel
The increasing prevalence of abortion bans and anti-LGBTQ laws in many states has complicated business travel for companies operating or sending employees across the country. These laws have raised moral and ethical concerns for businesses who do not wish to operate in states where their employees could have their rights violated. As such, many companies […]
Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down
. Powell also noted that he expects inflation to remain elevated in the near term, but will likely decline over time as the economy recovers. He added that the Federal Reserve is committed to using its tools to support a strong labor market, but it likely will need to keep interest rates low and its […]
Law firm rescinds job offers to Harvard students over Israel letters
In April 2021, a US law firm rescinded job offers it had made to two Harvard University students after they signed a letter in support of democratic rights for Palestinians and wrote an op-ed critical of Israel’s policy towards the Palestinians. The firm, evacuating the offers after coming under pressure from Israel supporters, argued that […]
Rite Aid is closing more than 150 stores as part of its bankruptcy process
. The closures will occur throughout 2021 and have not yet been announced. The closures are part of Albertsons Cos. plans to purchase more than 2,000 Rite Aid stores.
In rare move, Ford executive chair calls on UAW to make a deal and end ‘acrimonious’ talks
Ford executive chairman Bill Ford is calling on the United Auto Workers union to make a deal and end the “acrimonious” contract negotiations that have dragged on for nearly two months. In an open letter to the union released Wednesday, Ford, who is also the great-grandson of the company’s founder, argued that if the union […]
Rite Aid bankruptcy means pharmacies will keep dwindling
, experts say Rite Aid’s announced bankruptcy filing may slow, but not stop, the disappearance of pharmacies across the country. In recent years, both major chain and independent drugstores have been shuttering as retailers respond to changing consumer demands. Analysts say market forces and economics, not the specific bankruptcy filing, will determine whether more stores […]
U.S. gas prices are likely to keep falling despite the Israel-Hamas war, analysts say
. This is largely due to the strong demand seen in the US, caused by economic recovery and the generally mild winter. Although the conflict in the Middle East could potentially disrupt the global energy market, the US already has ample supplies of crude and is unlikely to be affected. Additionally, US oil companies have […]