More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years. According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn. A recession is an extended ...
Target’s weak quarterly earnings underscored why it cut prices on thousands of household staples: it’s struggling to win over bargain hunters. The discounter is not alone. Target’s first-quarter results on Wednesday not only show American consumers are more selective about spending after sustained inflation squeezed their budgets for nearly three years. The company’s declining sales also illustrate how the battle for shoppers’ wallets has ...
A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents. Since last year, Synapse — an Andreessen Horowitz-backed startup that serves as a middle-man between customer-facing fintech brands and FDIC-backed banks — has had disagreements with several of its partners about how ...
Warner Bros. Discovery is considering matching an offer for the media rights to a package of National Basketball Association games as the league looks to finalize terms — but its focus could be on a potential Amazon package rather than games slated for Comcast’s NBCUniversal, according to people familiar with the matter. It’s the latest turn in what’s been a relatively messy renegotiation for Warner ...
Families of Rohingya people trapped in Myanmar’s west are desperately trying to contact loved ones after a weekend of widespread arson attacks displaced up to 200,000 people and caused extensive destruction of homes. The country’s Rohingya have long suffered mass atrocities and forced displacement that many – including UN experts – consider to be genocide, perpetrated by the country’s military. ...
Tensions are once again ratcheting up in the Taiwan Strait, with China launching military drills encircling Taiwan just days after the democracy swore in a new leader long loathed by Beijing. The exercises began early Thursday, in what China described as “punishment” for “separatist acts” – alluding to the election and inauguration of the self-governing island’s new President Lai Ching-te. ...
China has launched two days of large-scale military drills surrounding Taiwan in what it called “punishment” for so-called “separatist acts,” days after the self-ruling island swore in a new democratically elected leader who called on Beijing to cease its intimidation tactics. As part of the drills, dozens of Chinese fighter jets carrying live ammunition conducted mock strikes against “high-value military targets” of ...
When Maxwell Winchester and his wife arrived in the South Pacific island of New Caledonia nearly two weeks ago, they were excited for what would be their first child-free holiday since becoming parents. But what was supposed to be a romantic getaway has instead left the Australian couple stranded and far from their children back in their home state Victoria, after ...
British lawmaker Craig Mackinlay has received a standing ovation in Parliament as he returned to the House of Commons after undergoing a quadruple amputation following a sepsis infection. Mackinlay, who is a member of parliament for the governing Conservative party, representing South Thanet in southeast England, fell ill on September 28, 2023. He told the BBC that he started to ...
The sun has a powerful magnetic field that creates sunspots on the star’s surface and unleashes solar storms such as the one that bathed much of the planet in beautiful auroras this month. But exactly how that magnetic field is generated inside the sun is a puzzle that has vexed astronomers for centuries, going back to the time of Italian ...