Reading Time: 2 minutes In a surprising move, the Federal Reserve announced today a significant cut to the federal funds rate. The central bank lowered the target range for the federal funds rate by 50 basis points to 5.00% to 5.25%. This is the Read more…
Reading Time: < 1 minute Recently Kevin Price, Host of the nationally syndicated Price of Business, visited with economist, Alex Brill. Brill is a resident fellow at the American Enterprise Institute (AEI), where he specializes in economic policy. He has an impressive career history, having served as the Read more…
Reading Time: 2 minutes Yesterday’s retaliation by Iran injects a fresh dose of uncertainty into the already complex global business landscape. While the full picture of the business community’s response is still developing, we can anticipate a wave of concern, risk assessments, and calls Read more…
Reading Time: 2 minutes The Federal Reserve made waves in the financial world this week by opting to hold steady on interest rates. This decision, keenly anticipated by economists and consumers alike, comes as the nation wrestles with inflation and the delicate dance of Read more…
Reading Time: 2 minutes Today, Sam Altman, the co-founder and CEO of OpenAI, was abruptly fired from his position. The decision, announced in a blog post on the company’s website, followed a “deliberative review process” by the board, which concluded that Altman “was not Read more…
Reading Time: 3 minutes The year 2023 has been a whirlwind of change and disruption in the business world. From the rise of artificial intelligence (AI) to the ongoing cybersecurity crisis, companies have been forced to adapt and innovate in order to survive and Read more…
Reading Time: 3 minutes In 2023, labor unions have made a comeback. After decades of decline, union membership is on the rise, and workers across the country are successfully organizing and fighting back for better pay, benefits, and working conditions. Time Magazine’s annual “Person Read more…
Reading Time: 2 minutes After six weeks of strikes, the United Auto Workers (UAW) and the Big Three automakers have reached tentative agreements on new contracts. The deals, which must still be ratified by UAW members, represent a significant victory for workers, who have Read more…
Reading Time: 2 minutes Customer retention is the lifeblood of any successful business. While attracting new customers is important, retaining existing ones can be even more crucial for sustainable growth and profitability. Studies have shown that acquiring a new customer can cost five times Read more…
The Economist – Science and Technology
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