Author: Press Room
More frequent flooding is leaving lasting damage, even as neighborhoods rebuild. Certain areas of the country are being deemed “Climate Abandonment Areas.” These areas are losing a large percentage of their population entirely due to climate change, specifically flooding, according to a First Street report. Climate Abandonment Areas include 818,000 U.S. Census blocks. Over 3.2 million people have moved away from these areas between 2000 and 2020 due to flooding damage. “There appears to be clear winners and losers in regard to the impact of flood risk on neighborhood level population change,” Dr. Jeremy Porter, the head of climate implications…
A father who sacrificed his savings and his health to pay for his son to graduate from college debt-free said he feels “marginalized” amid the growing push for student loan forgiveness. “I think we should pay our debts,” Daniel French, a Petco store manager, told Fox News Digital. “The debt I paid was with my body, and I sacrificed my retirement.””I have to work an extra 10 years just so I can get my retirement savings back up so that I can personally retire,” he continued. “So I don’t think my tax money and my hard work should go to…
The Biden Administration has been trying to create laws and rules that would limit “junk fees” charged by credit card companies and other companies with consumer fees. One of those rules would limit credit card companies from charging late fees. The rule would drop the average credit card late fee from $32 to $8. Recently, however, a federal judge in Texas blocked this rule.U.S. District Judge Mark T. Pittman, who was appointed by former President Donald Trump, paused the rule in response to business and banking organizations stating the rule violated certain federal statutes. Among those upset with the rule…
A recent Social Security report showed a strong economy has helped the program.Still, Social Security’s trust funds may be depleted in the next decade, if no changes happen sooner.Many Americans have a misplaced worry that benefits will disappear.”The biggest myth about Social Security is that when the trust fund runs out, the program is just going away,” said Emerson Sprick, associate director of the economic policy program at the Bipartisan Policy Center.Even if Social Security’s trust funds are depleted, the program will still have revenue from payroll taxes. Benefits will still go out, though they may be reduced.Nevertheless, 75% of…
The trick to getting ahead at work isn’t being the fastest learner or the smartest in the room — it’s having a positive attitude, says Amazon CEO Andy Jassy.Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his “best career advice” in a new interview with LinkedIn CEO Ryan Roslansky. “I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude,” Jassy, 56, said. It’s not just about being cheerful, he explained. Having a positive attitude means you work well on a team and honor deadlines, among…
Imagine you have $400 to spend on a luxury dining experience. You might treat yourself to a tin of premium caviar, a bottle or two of very fine wine or a multi-course meal at a high-end restaurant. Or you could blow it all on a single pineapple. The Rubyglow pineapple –— bred for its distinctive red exterior and its sweetness — costs $395.99 at Melissa’s Produce, a California-based seller of specialty fruit and veggies. It took Del Monte, a wholesaler which sells a variety of produce but specializes in pineapple, a decade and a half to develop the red-hued fruit.…
Last updated: May 19, 2024 12:00 EDT | 2 min read Solana has proven to be the fastest among large blockchains, processing a staggering 91 million transactions in a single day.According to a recent update by CoinGecko, on April 6, Solana achieved a record-breaking daily average of 1,504 transactions per second (TPS) during the memecoin frenzy.This makes the blockchain an impressive 46 times faster than Ethereum and over 5 times faster than Polygon, which boasts the highest TPS among Ethereum scaling solutions.Solana Achieves 1.6% of Maximum SpeedDespite its position as the fastest blockchain, Solana has only achieved 1.6% of its…
A Manhattan federal judge ruled that proprietary trading giant Jane Street must turn over the details of the super-secretive and profitable trade that it claims were stolen by Izzy Englander’s Millennium hedge fund.Manhattan federal judge Paul Engelmayer set a deadline of Thursday, May 23 for Jane Street to hand over details of the trade, which the firm has called “immensely profitable.””This case is essentially about trade secrets,” the judge said at a Thursday hearing. “Jane Street is to meet that deadline, no excuses.” Deborah Brown a partner at Quinn Emanuel, which is representing Jane Street, said she sent a draft…
OpenAI has hired former Shopify executive Glen Worthington to lead product and customer support.Worthington previously worked as vice president of global support at Shopify, leading teams with thousands of employees who troubleshoot issues for the Canadian e-commerce company’s millions of merchants. He’s the latest among a string of leaders in Shopify’s support organization to leave.Under Worthington’s leadership, Shopify embarked on a plan to put AI at the center of its work with merchants. It aimed to make it easier for merchants to get answers to simple questions without having to involve Shopify employees unless necessary. Shopify’s work with AI has…
Chubb Limited (NYSE:CB) has had a phenomenal financial performance after my previous analysis, posting increasing margins and solid revenue growth beyond my previous analysis’ expectations. More recently in Q1, Warren Buffett seems to have noted the stock as a good buying opportunity, as a recent 13F filing shows Berkshire Hathaway’s (BRK.A) (BRK.B) newly bought stake in Chubb. I previously wrote an article on Chubb titled “Chubb: A Relatively Cheap Savehaven”, rating the stock at buy due to a seeming undervaluation with Chubb’s stable earnings. The text was published on the 11th of September in 2023. Since, the stock has had…
