Author: Press Room

Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose again in March, by 0.4% on all items. Rising inflation is causing consumers to rely more heavily on credit cards for everyday expenses, a Varo Money survey found. Close to 65% of respondents to the survey blame their added credit card usage on inflated prices on essentials like groceries and utilities. An additional 55% cite the increased cost of living as the reason behind their reliance on credit cards.Gen Z has increased their credit card usage the most. About 35%…

High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store.”Grocery prices skyrocketed during the pandemic, and in many cases, they’ve kept going up, even though the pandemic is over,” Sen. Elizabeth Warren, D-Mass., said at a Wednesday Senate hearing.Shoppers may be infuriated to find certain grocery products — like a pound of chicken breasts or a loaf of bread — go up from one week to the next, Warren said.And they may be frustrated to find other products — like a box of cereal or a package of spaghetti — come…

Check out the companies making headlines in midday trading: Ross Stores — The discount retailer popped nearly 10% on strong first-quarter results. Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. That topped the earnings per share of $1.35 and $4.83 billion in revenue expected by analysts polled by LSEG. Booz Allen Hamilton — The defense contractor’s shares added 3.8% on the heels of a quarterly revenue and earnings beat. Booz Allen posted adjusted earnings of $1.33 per share in its fiscal fourth quarter, while analysts surveyed by FactSet expected $1.23 per share. Revenue came out…

The House Committee on Education and the Workforce’s hearing on campus antisemitism Thursday came with no shortage of fiery exchanges between lawmakers and the heads of Northwestern University, Rutgers University and the University of California, Los Angeles (UCLA). But unlike two prior hearings, Thursday’s was the first to take place after a wave of pro-Palestinian encampments spread across campuses nationwide, disrupting learning and commencement ceremonies and ultimately causing many students to feel unsafe. Here are some of the most important takeaways from the hearing that lasted several hours. Northwestern President Michael Schill and Rutgers University President Dr. Jonathan Holloway negotiated…

Last updated: May 24, 2024 13:33 EDT | 2 min read Sam Bankman-Fried’s (SBF) FTX Group allegedly paid over $25 million in hush money to seven whistleblowers prior to the doomed crypto exchange collapse in November 2022, a bombshell independent examinator’s Thursday report found.FTX Whistleblowers Agreed To Settlement Deals Prior To CollapseRobert Cleary, the independent examiner tasked with conducting the report, discovered the now-settled claims investigating employee severance packages, as FTX did not record employee complaints.According to Cleary’s report, the investigation “ultimately identified settlement agreements totaling more than $25 million with seven whistleblowers who alleged various improprieties at the FTX…

Virtual popstar Hatsune Miku had the nerve to appear in 2D — not 3D — while kicking off her latest North American tour. And some fans on social media are fuming.On the first two stops of her Miku Expo 2024 North America outing — in Vancouver and Portland — the turquoise-pigtailed starlet did not appear as a hologram as she has in the past, 404 Media reports, but instead via a big LED screen accented by decorations and a light show.The same setup appeared to be employed at Miku’s Monday show in San Jose. On X and TikTok, the #MikuExpo2024…

Evogene Ltd. (NASDAQ:EVGN) Q1 2024 Earnings Conference Call May 23, 2024 9:00 AM ET Company Participants Ofer Haviv – President and Chief Executive OfficerYaron Eldad – Chief Financial OfficerYoash Zohar – CEO of CasterraDan Jacob Gelvan – CEO of AgPlenus Ltd Operator Welcome to Evogene’s First Quarter Results Conference Call. All participants are present in listen-only mode. Following managements’ formal presentation we will open the call for the question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded May 23, 2024. Before we begin, I would like to caution that certain statements made during this earnings conference call…

Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.US stocks reversed early gains, as signs of an uptick in business activity in the world’s biggest economy investors countered another set of blockbuster results from chipmaker Nvidia.Wall Street’s S&P 500 closed 0.7 per cent lower in New York on Thursday, having made small gains to reach a record intraday high earlier in the session. The Nasdaq Composite dropped 0.4 per cent, also retracing an earlier advance.The reversal followed early or “flash” indices from S&P Global showing signs of acceleration in manufacturing…

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. A large portion of Americans think the US government needs major, systemic reform — at least according to some polling — so it’s worth looking at how other countries are doing things. Anyone struggling to maintain interest in the never-ending, yearslong focus on the American presidential election might look with envy at the United Kingdom. Voters there only learned Wednesday they’ll have an election in July, when rain-soaked Prime Minister Rishi Sunak gambled by announcing a snap general election…

My friend is going on a river cruise in October. She has already started her packing list because this trip is very special and she doesn’t want to be caught unprepared. I wish those approaching age 65 had the same attitude about Medicare. Knowing what you should do in the years leading up to Medicare can clarify and even simplify the whole process. Unfortunately, some would rather make a dentist appointment than figure out what they need to do. But, when dealing with Medicare, failure to prepare can not only cost dollars but could also jeopardize your health. Once again,…