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Omicron threatens to imperil US economic recovery, says Powell
Rising Covid-19 cases and the new Omicron variant threaten to imperil the economic recovery and exacerbate inflationary pressures, Federal Reserve chair Jay Powell is set to tell US lawmakers on Tuesday.In testimony to be delivered at a…
Amazon ordered to hold rerun of union election at Alabama facility
A US labour official has ordered a rerun of the vote for unionisation at an Amazon distribution centre in Alabama, saying the ecommerce giant had “essentially hijacked” the process.Amazon won the closely watched vote in April by 1,798 votes…
Thanksgiving impeded detection of Omicron, warns genomics giant
The race to unearth the first confirmed case of the Omicron variant in the US has been dealt a setback by laboratory closures over the Thanksgiving holiday, according to the chief executive of the world’s largest gene sequencing company.…
Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains
press release
PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be…
US watchdog demands information from nine companies in supply chain probe
The Federal Trade Commission has asked retailers and consumer goods groups in the US, including Amazon and Walmart, to hand over information about their supply chains as it probes bottlenecks and high prices afflicting the economy. The move…
Google Alerts Users About Malicious Actors Using Cloud for Cryptocurrency Mining
Google has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the…
Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction
This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B,…
How To Lower Your Monthly Mortgage Payment
We all have good intentions when we set out to buy a home and budget for it. We imagine getting paid the amount we’ve come to expect and we anticipate paying bills on time … until life happens and things change. Careers change, things break…
Jack Dorsey resigns as Twitter chief executive
Jack Dorsey, the co-founder of Twitter, stepped down as chief executive on Monday, as the social network appointed chief technology officer Parag Agrawal as his successor. Dorsey, 45, gave no explanation for his resignation but said the…
Virgil Abloh, fashion designer, 1980-2021
When Virgil Abloh wanted to break into luxury fashion aged 29, he had already amassed enough clout to launch his own label. Instead, he told the FT this year, he went to Rome and began an internship at Fendi, to learn “how fashion brands…
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