Month: July 2022

EU moves to rein in ‘wild west’ of crypto assets with new rules

The EU has moved to rein in the “wild west” of crypto assets by agreeing a groundbreaking set of rules for the sector, adding to pressure on the UK and US to act too. Representatives from the European parliament and EU states inked an agreement on Thursday that contains measures to guard against market abuse …

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US travel chaos unlikely to improve as Fourth of July looms, experts say

As Fourth of July travel chaos looms, experts are warning that a combination of factors including pilot shortages, the climate crisis and even the rise of drones means the situation is unlikely to get better soon. Over the Memorial Day and Juneteenth holiday weekends more than 3,000 flights were canceled and more than 19,000 were …

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Forget rate hikes, these analysts are predicting interest rate cuts next year

Forget rate hikes, these analysts are predicting interest rate cuts next year

Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path of aggressive rate hikes — but not everyone is expecting this approach to last. The …

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Kohl's terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from Kohl’s and Franchise Group didn’t …

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Exclusive: Meta slashes hiring plans, girds for 'fierce' headwinds

Exclusive: Meta slashes hiring plans, girds for ‘fierce’ headwinds

June 30 (Reuters) – Facebook-owner Meta Platforms Inc (META.O) has cut plans to hire engineers by at least 30% this year, CEO Mark Zuckerberg told employees on Thursday, as he warned them to brace for a deep economic downturn. “If I had to bet, I’d say that this might be one of the worst downturns …

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More than 1,200 Delta pilots picket at 7 major airports to call for higher pay

More than 1,200 Delta pilots picket at 7 major airports to call for higher pay

Delta pilots engaged in demonstrations at seven airports around the U.S. on Thursday calling for higher pay, among other things. This photo was taken at Salt Lake City International Airport. Reed Donoghue hide caption toggle caption Reed Donoghue Delta pilots engaged in demonstrations at seven airports around the U.S. on Thursday calling for higher pay, …

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