A pedestrian zone in Oslo on Feb. 2, 2022, after Norway scrapped most of its Covid restrictions. Terje Pedersen | NTB | AFP | Getty Images LONDON — Several European countries are scrapping Covid regulations, despite the WHO urging governments to “protect their people using every tool in the toolkit.” Sweden lifted the majority of
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It started with Melissa Houston buying small indulgences online — shoes, clothes, handbags. Then, she moved on to major purchases, renovating the family room and putting a swimming pool in the backyard. She says her spending spree spiraled her family’s finances into massive debt — and she hid it from her husband. “I went off
Note: SpaceX is producing the webcast for this event. [The livestream is slated to begin at 9 p.m. ET. Please refresh the page if the web player above is not visible.] SpaceX CEO Elon Musk is giving an update on Thursday evening about the next-generation rocket Starship, which has moved from the drawing board into
In this article DHER-DE The logo of German food delivery service Delivery Hero. Sean Gallup | Getty Images European food delivery firm Delivery Hero saw its share price plunge Thursday after announcing earnings guidance that disappointed traders. The Germany-based company said it generated 9.6 billion euros ($11 billion) in gross sales volume in the fourth
Traders on the floor of the NYSE, Feb. 9, 2022. Source: NYSE Stock futures were flat in overnight trading Thursday after a sharp sell-off on Wall Street spurred by the hottest inflation reading in four decades. Futures on the Dow Jones Industrial Average dipped just 30 points. S&P 500 futures and Nasdaq 100 futures were
LONDON, UNITED KINGDOM — FEBRUARY 03: The 555.55 Carat Black Diamond known as “The Enigma” is seen at British auction house Sotheby’s, in London, United Kingdom on February 03, 2022. Anadolu Agency | Getty Images LONDON — A billion-year-old black diamond, which is thought to be the largest cut in the world, was bought using
Your grocery bill has likely been going up. That’s because food prices are rising steeply, with the latest data from the U.S. Bureau of Labor Statistics showing a 7.4% increase between January 2021 and January 2022. The cost of bacon has swelled by 18%, and peanut butter, 15%. It’s unclear when the uptick will relent.
Developed countries raise tax revenue through a mix of individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes. The mix of tax policies can influence how distortionary or neutral a tax system is. Taxes on income can create more economic harm than taxes on consumption and property.
A look at whether the soaring interest rates are something to worry about.
People shop at a Los Angeles retail outlet on Jan. 28, 2022. FREDERIC J. BROWN | AFP | Getty Images High inflation overshadowed a big increase in wages over the past year, amounting to a nearly 2% smaller paycheck for the average worker, according to federal data published Thursday. Employers have raised wages at about
In this article MAT UBER KO DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Coca-Cola – Shares of beverage giant rose 1%
In this article TWTR A person in a mask walks by the New York Twitter offices after they announced they will close their re-opened offices effective immediately in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Twitter