Posts by Amelia Frost
Guggenheim Lays Off 20 Employees as Financial Challenges Persist
Senior leadership at the Guggenheim will not be taking pay cuts, according to a museum spokeswoman, Tina Vaz. The cuts are spread over six departments, including advancement, education, publications and archives, but do not affect curators and top executives. Additionally, the museum’s chief curator, Naomi Beckwith, who is organizing two major exhibitions in Europe for…
Read MoreThe Man Behind the ‘Economic Blackout’ Served Time for a Sex-Related Offense
Mr. Schwarz says on his website biography that he lives in the Midwest. (A P.O. box in Ringwood, Ill., is listed on the People’s Union USA website.) On social media, he goes by TheOneCalledJai and has directed supporters of his organization to follow his personal accounts under the same name as he sells merchandise and…
Read MoreStudent Loan Borrowers Blocked from Affordable Repayment Plans
Federal student loan borrowers are temporarily unable to apply to income-driven repayment plans, a decades-old safety net that ties their monthly loan payment size to household income levels, as the U.S. Education Department reviews a recent federal court ruling. The department closed applications to the repayment plans last week after the U.S. Court of Appeals…
Read MoreFrance Bans PFAS in Many Products, but Not Cookware
A year ago, France embarked on an ambitious goal: To craft the world’s widest ranging ban on the use of harmful “forever chemicals” in everyday products. On Friday, that effort culminated in a national ban on PFAS that environmental and health experts hailed as a big step forward, with one notable exception. After campaigning by…
Read MorePCE Report Showed Inflation Eased Slightly in January
Getting inflation under control since the worst surge in decades has been a bumpy process in recent months. New data on Friday showed a little progress, but also an unexpected pullback in consumer spending, complicating the path forward for the Federal Reserve as it debates when to restart interest rate cuts. The central bank’s preferred…
Read MoreWhy China’s Xiaomi Can Make an Electric Car and Apple Can’t
After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion. But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to…
Read MoreTesla Manager Was Fired After Speaking Out Against Musk’s Nazi Salute
Tesla manager Jared Ottmann was fired in a “retaliatory” move for calling out CEO Elon Musk for name-dropping Nazi murderers—and Tesla for staying silent. Last month, Ottmann, a longtime Tesla engineering manager, took to LinkedIn to publicly condemn his employer. He shared a screenshot of Musk’s tweet, laced with antisemitic wordplay: “Don’t say Hess to…
Read MoreTrump Loyalist Doubles Down on Condemning Pam Bondi Over Epstein List Influencer Fiasco: ‘Everything is So Scripted’
Trump loyalist Laura Loomer doubled down on condemning Trump-appointed Attorney General Pam Bondi over the administration’s decision to release the Jeffrey Epstein files to a small group of conservative influencers, which fell short of supporters’ expectations. On Thursday, more than a dozen influencers met President Donald Trump, Vice President J.D. Vance and Bondi in the…
Read MoreWhy Consumers Are Cutting Back on Shopping and Embracing ‘No Buy 2025’
Cassandra Orakpo had enough. Too much, in fact. Shopping on her phone had become so easy it had turned into a bad habit. She bought a cake decorating kit, thinking she’d make her own birthday cake, and never even took it out of the box. She has at least 80 bottles of perfume stored in…
Read MoreWith the CFPB on Pause, Here’s How to Protect Yourself
With the government seemingly stepping back from regulatory duties, consumers may have to act as their own financial watchdogs. The Consumer Financial Protection Bureau, the independent federal agency created after the 2008 financial crisis to shield people from fraud and abuse by lenders and financial firms, has been muzzled, at least temporarily. “Everything is on…
Read MoreParamount’s Shari Redstone Wants a Resolution on President Trump Lawsuit Ahead of Skydance Merger
Shari Redstone, the controlling shareholder of the entertainment giant Paramount, delivered a crucial message to her board a few weeks ago. For months, Paramount’s lawyers had been jousting with representatives for President Trump, who had sued the company’s CBS News network over its segment on former Vice President Kamala Harris. Mr. Trump accused the network…
Read MoreInflation Is Rising. What Will That Mean for Trump’s Tariffs?
Rising prices hit a trade war President Trump isn’t backing off his tariff threats, despite the potential risk to the U.S. economy and financial markets. That puts additional focus on the latest Personal Consumption Expenditures report, the Fed’s favored inflation measure. It’s due for release at 8:30 a.m. Eastern. The question is whether lingering inflation…
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