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Yearly Archives: 2022

Twitter whistleblower testifies of serious security flaws to Senate

Peiter “Mudge” Zatko, former head of security at Twitter, testifies before the Senate Judiciary Committee on data security at Twitter, on Capitol Hill, September 13, 2022 in Washington, DC.  Kevin Dietsch | Getty Images Twitter’s former security chief Peiter “Mudge” Zatko testified to a Senate panel on Tuesday that his …

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Jim Cramer wasn’t selling stocks in Tuesday’s wreckage. Here’s why

CNBC’s Jim Cramer said he was not marching in the parade of sellers Tuesday, as the major U.S. stock indexes on Tuesday recorded their worst one-day drop-off since June 2020. “Look, I cannot blame anyone for panicking after we got still one more red-hot consumer price index number, showing that …

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Chrysler to end 300 sedan line after limited edition V-8 model rollout

2023 Chrysler 300C sedan Chrysler DETROIT — Chrysler will bid farewell to its once-prominent 300 sedan by resurrecting a limited edition performance version of the car for its last year of production. The 2023 Chrysler 300C will be powered by a 6.4-liter V-8 Hemi engine that produces 485 horsepower and …

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Apple plans new spots for ads in App Store by the end of the year

Apple CEO Tim Cook holds the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, September 7, 2022. Carlos Barria | Reuters Apple plans to release new ad “placements” as soon as the holiday season of this year, according to a message sent to developers on …

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2-year Treasury yield rockets above 3.79%, highest since 2007

U.S. Treasury yields shot higher on Tuesday as investors bet that a hot inflation reading will keep the Federal Reserve aggressive in tightening monetary policy. The yield on the 2-year Treasury, the part of the curve most sensitive to Fed policy, soared more than 17 basis points to 3.748%. The yield climbed …

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Tech stocks crushed in market selloff

A trader works at the New York Stock Exchange NYSE in New York, on Aug. 26, 2022. Xinhua News Agency | Getty Images The six largest U.S. tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer …

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Uber CEO says the company may actually benefit from rising inflation

A key August inflation report sent stocks tumbling Tuesday after the consumer price index gained 0.1% for the month despite falling gas prices. But the report isn’t all bad for companies like Uber, which said its supply side may actually be benefiting from the inflationary environment. CEO Dara Khosrowshahi told …

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Hard Rock to spend $100 million to raise employees’ wages

Cheers and tears — that’s how thousands of Hard Rock workers reacted when they learned their paychecks are about to get a lot bigger. As inflation surges and recession fears linger, Hard Rock International and Seminole Gaming will spend more than $100 million to raise wages significantly for half of …

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Does health savings account makes sense for 2023 insurance coverage

Peopleimages | Istock | Getty Images As open enrollment season gets underway, you may find yourself having to decide whether a health savings account should be part of your 2023 medical coverage. These tax-advantaged accounts let users save for medical expenses. Many companies will soon — or already have started …

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Quinta Brunson gave ‘Abbott Elementary’ marketing funds to teachers

The hit sitcom “Abbott Elementary” may have taken home two Emmys for its first season, but it wasn’t because of a bottomless marketing budget. Earlier this year, show creator Quinta Brunson revealed that the “Abbott Elementary” production team and ABC agreed to take a portion of the budget they had …

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