Former Labor Secretary Stoked Dysfunction and Toxicity, Department Report Finds
Lori Chavez-DeRemer spent Labor Department funds on personal travel and tolerated harassment in the agency, its inspector general found.
Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’
The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.
Dear Brits, please save more
The UK, like many countries, faces a major pensions shortfall
U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
Schools Giving Aid to Minority Students Could Lose Tax Exemptions Under Trump’s New Rules
The Treasury Department released rules that would prevent schools with race-based programs from qualifying for tax-exempt status, a threat to both higher education and other private schools.
Star Citadel trader to step down amid tumult in energy markets
Chris Foster to leave role at Ken Griffin’s hedge fund after making billions of dollars trading natural gas in Europe
UAE billionaire’s son revealed as buyer of £190mn London mansion
Abbas Sajwani, son of the ‘Donald of Dubai’, set to make one of the UK’s most expensive purchases
Revolut wins provisional US banking licence
Office of the Comptroller of the Currency approval is a milestone for UK-based fintech seeking American expansion
FEDS Paper: The Flight to Affordability: Effects of Pandemic Rent Increases on Renters By Geography
Erin Troland, Isabella Agnes, Jessica Liu, Fatimah Shalaan, Michelle Tran, and Douglas WebberIn the pandemic era, people moved from high-density, expensive areas to more affordable areas, putting upward pressure on local housing prices. We examine the geographic distribution of rent growth during this time and its effects on renters.
How AI could make us work even harder
TechAnimationStock/ShutterstockTechnological progress has taken more than its fair share of the workload from humans over the years. Washing machines clean our clothes, tractors plough the fields and computers sort out the admin.
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