99.1 F
Tuesday, June 28, 2022

Fed attacks inflation with its largest rate hike since 1994

The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession.

So long, Internet Explorer. The browser is finally retiring

As of Wednesday, Microsoft will no longer support the once-dominant browser that legions of web surfers loved to hate — and a few still claim to adore. The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of tech history.

California is No Longer the Hot Place to Live

In the past, California has been the place to live. With beautiful weather, huge jobs markets, beaches and mountains, and a wealth of culture, who wouldn't want to live there

Housing Advocates Unveil $500m Plan to Increase Black Homeownership In California’s...

There’s a growing movement in California’s Bay Area aimed at drastically increasing the rate of homeownership within the Black community.

US inflation at new 40-year high as price increases spread

The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.

Mortgage rates jump again, buyers head to the sideline

Average long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another big increase to its main borrowing rate.

No, you’re not imagining it — package sizes are shrinking

From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide.

Reports: Twitter to provide Musk with raw daily tweet data

Twitter plans to offer Elon Musk access to its “firehose” of raw data on hundreds of millions of daily tweets in an effort to push forward the Tesla billionaire’s agreed-to $44 billion acquisition of the social media platform, according to multiple news reports.

Crypto meltdown is wake-up call for many, including Congress

Meltdowns in the cryptocurrency space are common, but the latest one really touched some nerves. Novice investors took to online forums to share tales of decimated fortunes and even suicidal despair. Experienced crypto supporters, including one prominent billionaire, were left feeling humbled.

EXPLAINER: Is Elon Musk’s deal to buy Twitter falling apart?

Elon Musk on Monday threatened to walk away from his $44 billion bid to buy Twitter, the latest sign that his plan to overhaul the social media platform may really be starting to fray.