Tag Archives: bad

Not only did Joe Biden say “the pandemic is over” a week ago, but Jerome Powell, the Federal Reserve chair whose hawkishness is roiling markets, said shortly afterward that the economy is now moving towards a “new normal.” If you grant that the pandemic is ending and that a new normal is here, what does that look like? The early signs are: not very good. The pandemic forced many Americans into constrained ways of working and socializing. Interactions generally became more limited,… Source link

LAS VEGAS — UFC president Dana White said he never thought he’d be challenged professionally the way he was as he tried to navigate the company through the COVD-19 crisis in 2020. The UFC was the first major sports franchise to return to competition after the pandemic began. Then, Thursday and Friday happened and, well, White had another story to add to his book. “This was kind of like COVID all over again all in one day,” White said, laughing, just moments before jumping on stage for… Source link

Greg Norman, CEO and commissioner of LIV Golf, presents the trophy to Team Captain Dustin Johnson of 4 Aces GC on the podium during Day Three of the LIV Golf Invitational. (Photo by Joe Scarnici/LIV Golf via Getty Images) At times on Sunday, the LIV Golf Invitational Boston looked a lot like a charity scramble at the local country club: Guys were playing in shorts, missing only a cigar and a cold beer. Lee Westwood, who had a tremendous final round to give himself a chance to win, dropped a… Source link

The Yahoo Fantasy Football crew — Andy, Scott, Dalton and Matt — is identifying the specific players who have the widest range of outcomes this NFL season. Who could be a massive fantasy star — and who could never take off at all? Andy Behrens: If things break right for Trey Lance and he emerges as an impossible dual-threat riddle with elite receiving options at his disposal, then he can definitely challenge for QB1 status. In the two games he started last season, Lance had 24 rush… Source link

Sharks’ projected Opening Night roster has good, bad problems originally appeared on NBC Sports Bayarea What will the Sharks’ Opening Night lineup look like? Here’s a way-too-early guess – considering that we’re still two months away from the Sharks’ season opener against the Nashville Predators on Oct. 7 in Prague, Czech Republic. Trades and free agent signings still are possible for San Jose. But right now, the Sharks have a couple of good problems: Too many NHL-caliber forwards and… Source link

Arghhhh! Inflation is really bad right now. The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981. Everybody who drives a car knows skyrocketing gasoline prices are one of the principal culprits. Plus, food prices are up 12% year-over-year, leaving families little choice but to shell out more for essentials. There are also signs that some types of inflation are running their course, as consumers adapt and pandemic-related supply-chain kinks… Source link

In accordance with the Information Technology Rules, 2021, tech giant Google India took down nearly four lakh bad content pieces in May through an automated detection process. The company said it received 25,694 complaints from individual users located in India via designated mechanisms during the one-month reporting period. “These complaints relate to third-party… Source link

This post was originally published on TKer.com. Federal Reserve Chair Jerome Powell reiterated the central bank’s top priority right now: Bringing down inflation. “It’s unconditional, our commitment,” Powell told the House Financial Services Committee on Thursday. He also acknowledged that the Fed’s efforts could come with some economic pain. When asked about the likelihood of the economy falling into recession as a consequence, Powell told the Senate Banking Committee on Wednesday:… Source link

For nearly a year, inflation has been hammering Americans. Every month when the Consumer Price Index report gets released, rates have stayed high or gone higher. Hopes that elevated prices were beginning to settle were dashed Friday morning when the Bureau of Labor Statistics (BLS) released data showing that the CPI, its broad measure for prices of goods and services, reached 8.6% for the month of May. The number represents the highest level of inflation in the U.S. since 1981, and it has top… Source link

Tech’s view on the global economy can be summed up in an email Elon Musk sent Thursday: “super bad feeling.” This week, Musk announced Tesla (TSLA) will be laying off 10% of its staff. Amid this downbeat outlook for economic growth, prospects for workers dimmed in some pockets of the business world. Musk’s comments follow JPMorgan (JPM) CEO Jamie Dimon’s pronouncement earlier this week that a “hurricane” is bearing down on the U.S. economy. But in the view of one economist, this growing… Source link