Business

The Commerce Department announced Friday that a key inflation measure used by the Federal Reserve to decide policy increased 3.4 percent from a year ago in May, the fastest increase since the early 1990s. Despite the fact that the increase was the largest since April 1992, it met the Dow Jones forecast, and markets were […]

Concerns of a rise in inflation as the economy recovers from the pandemic have been dismissed by the Bank of England. In the year to May, consumer price inflation reached a two-year high of 2.1 percent, exceeding the Bank’s target of 2 percent. The Bank’s Monetary Policy Committee (MPC) has stated that it expects inflation

If there’s anything greater than successfully establishing your own business, it’s probably teaching others how to do it. There are countless entrepreneurs out there who make us wonder how did they achieve their success and what they did differently to get rich or famous. Well, if you are also searching for those answers, you have

Shares of the London-listed luxury fashion brand Burberry dropped Monday after it announced CEO Marco Gobbetti will quit at the end of the year to oversee Italian rival, Salvatore Ferragamo. Burberry stock went as much as 8 percent lower Monday morning on the news, while shares of Ferragamo were little moved. Gobbetti previously oversaw European

For the coming running season, the Fantom blockchain network will cooperate with Formula One driver Pierre Gasly. The cooperation is one of the numerous partners aimed at promoting blockchain technology by mainstream usage. In the past couple of months, the Fantom Foundation has also announced its partnerships with Sushiswap, Yearn, FTX, Solana, Serum, Curve, Keep3rV1,

It is no surprise that online purchasing has drastically expanded since more consumers spent more time at home during the past year. According to projections from Digital Commerce 360, e-commerce was up an astonishing 44 percent year-on-year, while McKinsey has estimated 10 years of e-commerce growth in just 90 days in 2020. However, this story

Microsoft has unveiled Windows 11, a new operating system that will gradually replace the current version over the next years. Two seemingly minor but connected features stood out among all the new features. First, Microsoft Teams, the video-calling tool that saw a surge during the epidemic of 2020, will be included by default in Windows

Google’s proposal to prohibit third-party cookies in its Chrome browser has been postponed. Cookies keep track of users’ online activities and allow digital publishers to target advertisements to them. A number of Google’s competitors, including Apple, Microsoft, and Mozilla, have already restricted them. However, critics argue that Google’s ban encourages ad sellers to go directly

Johnson & Johnson, the world’s largest pharmaceutical company, has agreed to pay $230 million (£165 million) to resolve charges that contributed to the opioid addiction crisis in New York State. In reaching a settlement with the state, the company did not acknowledge any wrongdoing or liability. The payments will keep it out of a trial