California housing costs worse for homeowners than renters
A recent UC Berkeley study concluded that home buyers in California now pay double each month what apartment dwellers shell out for rent. That’s right: It takes twice as much …
BUSINESS
Fed Watchers Brace for Higher-for-Longer Interest Rate
Looking beyond the Fed’s rate decision The markets on Tuesday are betting that the Fed will stand pat on interest rates on Wednesday. But with oil prices surging, inflation running …
TikTok Shop Has a Snail Slime Problem
To try to ensure the products on the shop are of decent quality, TikTok uses technical and human moderation to find listings that violate its policies, says Favazza. The company …
Tui hails surge in summer bookings but growth held back by wildfires
T ui said the bounceback in demand for travel has helped summer bookings soar close to levels seen before the pandemic, but revealed growth was held back by disruption from …
UK set for highest inflation in G7 as 2024 growth forecast cut – OECD
T he UK economy is set to witness the highest inflation rate of the world’s G7 advanced economies this year, according to new forecasts. The Organisation for Economic Co-operation and …
Kingfisher shares hammered after B&Q owner warns on profits
S hares in the owner of B&Q and Screwfix slumped today after a profit warning followed a disappointing showing from its Polish and French businesses. Kingfisher cut its full-year profit …
A Q&A With Delta Air Lines’s Meteorologist
From thunderstorms and limited visibility to scorching temperatures and turbulence, the weather dictates when and where planes can fly. Severe weather is the leading cause of air travel disruptions in …
Naked Wines warns it could go bust as online wine sales go sour
N aked Wines warned that it could be at risk of going bust if a “combination” of factors all hit cash flow, as it revealed today it swung to a …
Sam Bankman-Fried’s Parents Sued by FTX
For months, John Jay Ray III, the corporate turnaround expert who was appointed to oversee the bankruptcy of the FTX crypto exchange, has attacked the company’s founder, Sam Bankman-Fried, accusing …
New contract for one of Britain’s least reliable train operators
O ne of Britain’s least reliable train operators has been handed a long-term contract renewal. The Department for Transport (DfT) announced that CrossCountry, whose network stretches across large parts of …