When the Beyhive swarmed Sweden, they didn’t just bring the buzz, they also brought inflation. That’s because fans’ pilgrimage to Stockholm for Beyoncé’s Renaissance World Tour sent hotel prices in the country’s capital skyrocketing, Danske Bank Chief Economist Michael Grahn told the Financial Times. The “Beyoncé blip,” as he calls …
Read More »Mortgage rates are climbing again, raising the cost of a home loan to its highest level in seven months. The average rate on a typical 30-year mortgage is now 6.91%, up from 6.69% a week ago, the Mortgage Bankers Association (MBA) said Wednesday. The average rate on a 15-year home loan …
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A series of corporate events aimed at promoting diversity, equity and inclusion at Uber appear to have done just the opposite, resulting in the company’s diversity chief being placed on a leave of absence. Top executives at Uber last week asked Bo Young Lee, the company’s head of diversity, “to …
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Elon Musk has tapped Linda Yaccarino, until this week the head of advertising at NBCUniversal, to replace him as CEO of Twitter, he announced in a tweet Friday. “@LindaYacc will focus primarily on business operations, while I focus on product design & new technology,” the tweet read, in part. Yaccarino made …
Read More »A Delta Air Lines flight was delayed for several hours on Wednesday after a swarm of bees clustered on the plane’s wing, prompting the airline to postpone the flight while it attempted to convince the insects to buzz off. The flight was initially set to leave Houston at 12:25 p.m. …
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A rally on Wall Street lifted stocks to their highest level in almost two months in the latest sign that inflation continues to cool. The S&P 500 rose 54 points, or 1.3%, to close at 4,146 on Thursday after a report showed inflation at the wholesale level slowed last month by …
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Employers across the U.S. continued to hire at a steady pace last month, but the labor market showed signs of cooling in the face of the Federal Reserve’s efforts to slow the economy. The economy added 236,000 jobs in March, the Labor Department reported Friday, in line with forecasters’ expectations …
Read More »For millions of Americans who get medical care under Medicaid, the end of March marks a grim deadline. Starting April 1, states will start removing people from the government health insurance program for the poor, paring rolls that swelled during the pandemic. The government estimates that 15 million people — or …
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Subscriptions can be tough to cancel, with some companies putting consumers on lengthy holds or subjecting them to sales pitches to try to change their minds. It’s such a pain point that subscriptions are among the top sources of complaints at the U.S. Federal Trade Commission. Now, the FTC said …
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Even if you haven’t tried artificial intelligence tools that can writing essays and poems or conjure new images on command, chances are the companies that make your household products are already starting to do so. Mattel has put the AI image generator DALL-E to work by having it come up with ideas …
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