Tags: Business

Will China’s slowdown pull the US into recession?

China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…

Is this the crash-proof economy?

The smartest insight and analysis, from all perspectives, rounded up from around the web: “The Federal Reserve keeps taking, but nonetheless, this economy keeps on giving,” said Mitchell Hartman in NPR’s Marketplace. “The standard metaphor” for when the central bank has to raise interest rates to slow an overheating economy is that it takes away…

Elon Musk kills the bird

The smartest insight and analysis, from all perspectives, rounded up from around the web: Farewell, Twitter, said Oliver Darcy at CNN. This week, “the text-based social media platform that played an outsize role in society by serving as a digital town square was killed by its unhinged owner, Elon Musk.” Musk officially changed the company’s iconic…

Netanyahu fitted with pacemaker in emergency procedure as Israel is convulsed ahead of key vote

TEL AVIV — Israel’s Prime Minister Benjamin Netanyahu was fitted with a pacemaker early Sunday after he was rushed to the hospital hours before a key debate on his controversial judicial reforms.  Doctors said the procedure had gone well, but Netanyahu, 73, would remain at the Sheba Medical Center in Tel Aviv for observation.  Netanyahu…

Striking actors shut down Hollywood

The smartest insight and analysis, from all perspectives, rounded up from around the web: Hollywood studios thought they could “ride out the skirmish with screenwriters” and keep the entertainment factory going, said Meg James in the Los Angeles Times. Now, with Hollywood actors joining striking screenwriters last week for the biggest Tinseltown shutdown in more…

Striking actors shut down Hollywood

The smartest insight and analysis, from all perspectives, rounded up from around the web: Hollywood studios thought they could “ride out the skirmish with screenwriters” and keep the entertainment factory going, said Meg James in the Los Angeles Times. Now, with Hollywood actors joining striking screenwriters last week for the biggest Tinseltown shutdown in more…

San Francisco’s iconic Anchor Brewing is closing after 127 years

Anchor Brewing Co., the iconic San Francisco brewery opened in 1896 and purchased by Japan’s Sapporo in 2017, announced Wednesday it has stopped brewing its ales and will cease operations in the coming weeks. Anchor spokesman Sam Singer said the brewery was “losing millions of dollars a year” and had informed its 61 employees of…