The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday.
Category Archives: business
PayPal launches first dollar-backed stablecoin from a major U.S. financial institution
PayPal on Monday launched a U.S. dollar-backed stablecoin to help facilitate payments as its latest addition to its suite of crypto services.
Babies set to sleep on nursing pillows can stop breathing in minutes. Dozens have died.
Nursing pillows help new moms breastfeed, but an NBC News investigation found that dozens of babies have died in incidents involving the horseshoe-shaped cushions.
Tesla CFO Zach Kirkhorn steps down
Tesla’s chief financial officer, Zach Kirkhorn, stepped down from his position, effective Aug.
Bear escapes from crate in the cargo hold of an Iraqi plane, causing unbearable delay
Iraq’s prime minister has ordered an investigation into how a bear escaped from its crate in the cargo hold of an Iraqi aircraft as it was due to depart from Dubai airport, leaving passengers disgruntled over the delay and causing a stir on social media.
How back-to-school shoppers are trying to beat inflation
Inflation is raising the cost of back-to-school staple items, leading families to take advantage of any break they can find. NBC’s Sam Brock reports for TODAY on the challenges people are facing.
Trucking giant Yellow declares bankruptcy after years of financial struggles
Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.
'Of course he lost': Ron DeSantis rejects Trump's 2020 election claims
Florida Gov. Ron DeSantis on Sunday rejected Donald Trump’s claim that he was the true winner of the 2020 presidential election in his most forceful comments to date on the matter.
2 killed, 3 hurt after pleasure boat catches fire and explodes in California
Two women were killed and another woman and two men were hospitalized with burns after a pleasure boat caught fire and exploded at a marina in Long Beach, California, authorities said.
At least 3 dead after bus carrying dozens and vehicle collide on Pennsylvania interstate
At least three people were killed and others injured after a bus carrying as many as 50 people and a passenger vehicle crashed on a Pennsylvania freeway late Sunday night, authorities said.