Blantyre, Malawi — A Relentless Cyclone Freddy which is hitting southern Africa has killed more than 100 people after hitting the continent for the second time on Saturday evening, authorities in the hard-hit countries of Malawi and Mozambique have confirmed. The Red Cross on Monday put the total death toll from the week-long storm at … Read more
The leisure and hospitality sector continues to drive job creation in the United States, the Labor Department said. Restaurants in particular are on a hiring spree as they experience an increase in the number of restaurants. Still, the US Travel Association estimates about 2 million open positions in the leisure and hospitality industry. Loading Something … Read more
SVB Financial Group and two top executives were sued by shareholders over the collapse of Silicon Valley Bank, as global stocks continued to suffer on Tuesday despite assurances from US President Joe Biden. The bank’s shareholders accuse SVB Financial Group chief executive Greg Becker and chief financial officer Daniel Beck of covering up how rising … Read more
A woman shops at a supermarket in Los Angeles, California, United States, June 13, 2022. Reuters Consumer prices in the United States likely rose at a healthy pace in February amid sticky rental housing prices, but economists are divided on whether the data will be enough to push the Federal Reserve to raise interest rates … Read more
new York CNN — Andrew Ross Sorkin woke up early Monday morning, well before dawn, having managed to squeeze in a few hours of sleep. The New York Times columnist had been up late at night to work on his DealBook newsletter. And now he had to get up for a special edition of “Squawk … Read more
Republican Tennessee Lieutenant Governor Randy McNally has apologized for routine comments he left on suggestive Instagram posts by a 20-year-old gay man and other members of the LGBTQ+ community. “I’ve been active on social media for a long time. I’ve made it a point to engage with people not only in posts, but also in … Read more
The loosely defined shadow banking sector should benefit from scrutiny of banking regulation. Whether regulators will come up with new requirements and what they might look like remains to be seen. But the momentum already behind the secret space of private credit has accelerated – rapidly. As investors and startups raced to figure out their … Read more
Some Etsy sellers are waiting for their online marketplace payments after the SVB collapse. Additionally, some sellers do not know when they will receive the funds and have not received updates from Etsy. As a result, some sellers told Insider they were losing faith in Etsy. Loading Something is loading. Thanks for recording! Access your … Read more
Paulina Perez, 21, started posting on TikTok when she was a college student in Texas. She uploads videos in Spanish and English to make her content more accessible. She shares the media kit that landed her paid deals with brands like Sephora, Mejuri, and Olay. If you see 21-year-old Paulina Perez on the street speaking … Read more
SVB’s implosion is making scary headlines, but it could actually be great for the stock market. Indeed, the event could trigger a reversal of the main cause of stock market pain in 2022: rate hikes. Interest rates plunged on Monday and expectations are growing that the Fed will halt its aggressive hikes. Loading Something is … Read more