Category: news
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate to a range of 4.75% to 5%. After a better-than-expected jobs…
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The science behind why you think you’re right
There may be a psychological reason why some people aren’t just wrong in an argument — they’re confidently wrong. According to a study published Wednesday in the journal Plos One, it comes down to believing you have all the information you need to form an opinion, even when you don’t. “Our brains are overconfident that…
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Biden shoots down Marjorie Taylor Greene’s ‘beyond ridiculous’ conspiracy theory about controlling the weather
WASHINGTON — As President Joe Biden delivered a stark warning Wednesday about the dangerous hurricane barreling toward Florida, he shot down misinformation about the storm, including one particular conspiracy theory propagated by Republican Rep. Marjorie Taylor Greene. “The claims are getting even more bizarre. Congressman Marjorie Taylor Greene, a congressman with Georgia, is now saying…
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GM ditching ‘Ultium’ name for batteries and tech amid EV changes
DETROIT — General Motors will drop the name “Ultium” for its electric vehicle batteries and supporting technologies after spending years promoting the brand as it rethinks its EV and battery operations. The Detroit automaker confirmed the switch Tuesday ahead of an investor event. Executives used the day to discuss lowering battery costs and tout efforts to diversify…
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Boeing withdraws contract offer after talks with union end without a deal
Boeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense at this point.” The machinists walked off the job on Sept. 13 after overwhelmingly rejecting a tentative labor deal, halting production of most of Boeing’s aircraft, which are made in the Puget Sound…
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Over 3% of U.S. high schoolers identify as transgender, national survey finds
About 3.3% of high school students identify as transgender and another 2.2% have at some point questioned if they were one, according to data from the Centers for Disease Control and Prevention. The data, which was collected as part of the CDC’s national 2023 Youth Risk Behavior Survey of more than 20,000 students in public…
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Inside the black market of obesity drugs
Not far from the majestic Rocky Mountains is an ordinary suburban neighborhood, a tree-lined street and a modest light gray home. It’s not the kind of place you’d imagine an investigation into black market Ozempic would lead. But it did. A CNBC investigation into counterfeit weight loss drugs revealed an international illegal marketplace where criminals…
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Harris’ political operation crosses $1 billion raised for the 2024 election
Vice President Kamala Harris‘ presidential campaign operation crossed the $1 billion fundraising threshold in September, two months after she took over as the Democratic Party’s 2024 standard bearer, according to two people familiar with the numbers. That figure includes money raised by the campaign committee itself and by a campaign-affiliated joint fundraising committee that also…
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Harvard, Yale among dozens of universities targeted in financial aid price-fixing lawsuit
Forty of the top private universities across the United States are under fire after a lawsuit was filed accusing the institutions of conspiring to overcharge students for their education. According to the lawsuit, these universities bilked applicants from divorced or separated homes by including the financial backgrounds of noncustodial parents when determining financial aid packages. …