Over the past week, Donald Trump has made one thing clear: Fed chair Janet Yellen isn’t from “central casting.” Now that we know she won’t be reappointed as head of the Federal Reserve when her term expires in February, the compliments are flooding in.
It’s been a rough week for US commerce secretary Wilbur Ross. On Nov. 5 the Paradise Papers, a giant leak of documents, revealed that he had a stake worth millions in a company with ties to people close to Russian president Vladimir Putin. On Nov. 7, Forbes reported that Ross, who has spent 13 years on its Forbes 400 billionaires list, was in fact not, and probably never had been, a billionaire.
The US economy seems back on track after a brutal set of hurricanes—employers added 261,000 jobs in October and the unemployment rate edged down to 4.1%.
Jerome Powell, who does not have any kind of degree in economics, is the man “who will, hopefully, do a very good job“ as the next chair of the US Federal Reserve, a prime steward of the American economy.
After a dizzying season of rumors, twists, and an application process that all too closely mirrored The Apprentice, we appear to have a winner: Jerome Powell is widely expected to be nominated as the next chair of the US Federal Reserve.
Last year, Disney’s Moana told the story of a resourceful, brave, and quick-witted Polynesian princess from the fictional island of Motunui. The movie proved to be an instant hit, eventually grossing more than $643 million worldwide.
Chances are, if you’re flying to the US, the whole process is about to get a little bit trickier.
The NAACP, the oldest and largest US civil-rights group, today (Oct. 25) issued a travel warning for African-Americans boarding American Airlines, one of the world’s largest carriers.
Grungy, rubber-soled Dr. Martens—beloved by rock legends, skinheads, and edgy ’90s teens—have never quite had the sales to match their cultural legacy. But now, the yellow-threaded shoes are experiencing a revival in an unexpected place: East Asia.
Since September, Google has been in contempt of the US District Court of Northern California—a penalty for refusing to hand over foreign-stored emails in response to government search warrants. The district has hit Google with a fine of $10,000 for every day the company refuses to cooperate. (Google, meanwhile, is appealing the decision, so the payments won’t begin until a higher court weighs in.)
The summer program at Goldman Sachs is arguably the most prestigious internship on Wall Street. The types of young high-flyers that the bank takes in every year is a good gauge of where the bank, and the industry, is heading.
College is usually seen as a golden ticket—get your degree, and you can launch into a life worthy of the American dream. In theory, young people take out loans, earn their degrees, and then, over time, pay their debts down as their earnings go up.
Apparently, smartphones and the Internet are more key to the good life than anything the US Supreme Court passed in the last 50 years.
Uttar Pradesh is an Indian state nestled in the northern part of the country. It’s a little under 100,000 square miles, less than 8% of the overall area of India. It’s also home to 200 million people, making it India’s most populous state by far, as well as the biggest state inside a country in the world.
When Dianne Dwyer Modestini began chipping away at a painted-over and murkily varnished image of Jesus Christ more than a decade ago, little did she know she was restoring the last Leonardo da Vinci work known to the world.
For the first time since the summer of 2010, the US economy did not add any jobs month-to-month—in fact, it lost 33,000 in September, according to the Bureau of Labor Statistics (BLS). Yet the unemployment rate fell to its lowest number since 2001 and wage growth—stubbornly stagnant for so long—notched up to an annual 2.9% from 2.5% in August, perhaps signifying a strengthening economy.
A bill that would liberalize restrictions on the movement of guns and the equipment that can quiet them has now been thwarted twice—both times by mass shootings.
Jagmeet Singh is known for many things—his bespoke suits, brightly colored turbans, and finesse for handling hecklers. Now, he is the leader of a major Canadian political party.
Not long ago, it seemed Janet Yellen, the current chair of the US Federal Reserve, would be reappointed to run the world’s most powerful central bank when her term expires in February. But the tides have turned recently.
In the past two years, Google, Facebook, Twitter, Microsoft, and Oracle have faced various high-profile lawsuits related to their employment practices. And while those cases generated headlines, workers in almost every sector sue their bosses over emotional abuse, unpaid wages, and discrimination (to cite just a few examples).
Nineteen years ago, two Stanford grad students focused their mathematical curiosity on the World Wide Web, and, eventually, created Google.
The US unemployment rate is at its lowest in years. Jobs are plentiful, and Americans are quitting like it’s 2006. This is good news for employees—less so for major retailers. In theory, bountiful jobs means pressure on employers to boost wages so they can find and keep talent. But in reality, American wages have barely risen in almost a decade.
This weekend, the San Ysidro border crossing—which connects San Diego in California to Tijuana in Mexico—is shutting down.
There’s a temptation to see burgeoning venture capital, home-grown businesses, freshly minted startups, and the potential for big financial exits as omens of the next Silicon Valley. The Bay Area has become synonymous with a young, digitally-creative generation that connects technology to change. Many believe this culture is now sprouting in Africa.
