Author name: Alex Brain

US inflation dropped to its lowest level since July thanks in part to a decrease in gas costs last month. The Labour Department said that throughout the course of the year ending in October, prices rose at a pace of 3.2%. From 3.7% a month before, that was lower. Although the cost of housing kept […]

By New York business correspondent Erin Delmore Brian Chesky, the CEO of Airbnb, a company that rents out short-term properties, denied that the site is to blame for the housing crisis in places like New York. The business is under fire for allegedly exacerbating the rise in rent in American cities. Mr. Chesky refuted the

The narrative of Adam Neumann and the ascent and decline of WeWork resembles a parable rather than an account of business. A story of enormous ego, unrelenting ambition, and gullible public trust. Adam Neumann was the tall, attractive, barefoot, stoner, dope smoker, and tequila shooter who brought rap artists to the workplace party. He wanted

Just 150,000 new jobs were added by employers in the US last month as the economy stagnated due to strikes and high interest rates.   Due in part to the less substantial gains than anticipated, the jobless rate increased from 3.8% in September to 3.9%. According to the Labour Department data, there may be an

  The US Federal Reserve has maintained its benchmark interest rate at its current 22-year high in an effort to moderate price increases that had lately approached near-record highs. The 5.25%–5.5% rate target is still set by the Federal Reserve. The bank has been increasing borrowing costs in an attempt to curb inflation, or the

Joe Biden finds himself in a predicament where he has no other choice but to reward his political adversaries while infuriating his allies in order to achieve his goals. That’s a strange place to be in before an election year. Volodymyr Zelensky, the president of Ukraine, visited Washington this week to urge Congress to provide

The terms of an antitrust settlement with US states and consumers disclosed in federal court on Monday reveal that Google has agreed to pay $700 million and to permit more competition in its Play app store. In 2020, the Justice Department and numerous states filed separate complaints accusing Google of abusing its dominance in online

A close friend of former President Donald Trump, Rudy Giuliani, has been ordered to reimburse two women for alleged vote-tampering in 2020, totaling over $148 million (£116 million). Judges have already determined that Mr. Giuliani was responsible for the false statements he made concerning Georgia poll workers Ruby Freeman and her daughter Wandrea “Shaye” Moss.

A formal hearing to impeach President Joe Biden was supported by all 221 Republicans in the US House of Representatives, one of the final votes before members left for Christmas vacation. While they were able to secure the unanimity of support they needed, certain lawmakers were more at risk politically than others. It will now