Author: Daniel snow

The U.S. economy slowed to a crawl in May, with consumers pulling back on spending and businesses delaying hiring, according to the Federal Reserve‘s Beige Book survey released Wednesday. Source link

A store closing sign is displayed as customers shop during the last day of a store closing sale at a JOANN Fabric and Crafts location in a shopping mall following the company’s bankruptcy in Torrance, California on May 27, 2025. Patrick T. Fallon | Afp | Getty ImagesThe U.S. economy contracted over the past six weeks as hiring slowed and consumers and businesses worried about tariff-related price increases, according to a Federal Reserve report Wednesday.In its periodic “Beige Book” summary of conditions, the central bank noted that “economic activity has declined slightly since the previous report” released April 23.”All Districts…

Deep down, you know that, but putting productivity into action requires discipline. Source link

Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes.”This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that the massive tax-and-spending-cut bill would add trillions of dollars to national deficits. “This is grotesque, what we’re doing,” Johnson said. “We need to own up to that. This is our moment.””I can’t accept the scenario, I can’t accept it, so I won’t vote for it, unless…

Using AI at the office can provoke strong reactions, and that may not be good for your business culture. Source link

As more parts of the world face intense drought, new technologies are emerging to clean and reuse existing water. Investors are seeing potential for big profits.Water treatment is expensive. It uses a lot of energy and produces its own waste that gets disposed of at a hefty price. Capture6, a startup in Berkeley, California, says it’s developing a solution, and one with an added benefit to the environment. Capture6’s technology repurposes industrial and water treatment waste, generating clean water and capturing carbon dioxide from the atmosphere.”That combination of water treatment, brine management, and carbon capture all at once is part…

Mateusz Slodkowski | Lightrocket | Getty ImagesReddit is suing artificial intelligence startup Anthropic for what it’s calling a breach of contract and for engaging in “unlawful and unfair business acts” by using the social media company’s platform and data without authority.This is breaking news. Please refresh for updates. Source link

The National Weather Service will rehire for some DOGE-slashed jobs as hurricane season nears, while critics fault the billionaire’s apparent conflicts of interest from his government work. Source link

Wells Fargo is unshackled. That’s according to Jim Cramer and Wall Street analysts, who are both forecasting more upside for the Club stock following the Federal Reserve’s removal of the bank’s $1.95 trillion asset cap Tuesday evening. The seven-year lid on Wells’ balance sheet growth was precipitated by the bank’s past misdeeds, such as its notorious fake accounts scandal in the 2010s. Bank of America and Morgan Stanley are among the Wall Street shops that became more optimistic Wells Fargo shares in response to the long-awaited development. Bank of America went to $90 a share from $83, while Morgan Stanley went…

Continued economic uncertainty from the administration’s economic policies makes it hard for businesses to add workers, and for workers to decide to change jobs. Source link