Author: News Room

Brandon Tamayo considered leaving his current job for a role in the private sector on his way to work one morning.He thinks about it often — and you can probably guess why.”More money,” Tomayo said. “My friends in the private sector told me ‘You could double your pay.'”Tamayo, 33, makes about $75,000 a year as a public transit compliance specialist in Illinois. He has a master’s degree in public administration from Indiana State University.He could likely make six figures in the private sector — and he remains intrigued by the option.But he’s chosen to work for the government because it…

By Lucia Mutikani WASHINGTON (Reuters) -U.S. prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table. The report from the Commerce Department on Friday also showed consumer spending rising by the most in just over a year last month, underscoring the economy’s resilience. The United States continues to outperform its global peers despite higher borrowing costs, thanks to persistent labor market strength. “Core services inflation is slowing and will likely continue throughout the year,” said Jeffrey Roach, chief economist at…

Chinese smartphone maker Xiaomi introduced its highly anticipated electric vehicle (EV), the SU7, venturing into the competitive EV market with a product that takes design inspiration from Porsche and undercuts Tesla (NASDAQ:)’s Model 3 on price. The Xiaomi SU7 is an electric sedan that features dimensions of 4997mm in length, 1963mm in width, and 1455mm in height, along with a wheelbase measuring 3000mm. It offers two-wheel size options: 19 inches and 20 inches, with tire specifications of 245/45 R19 and 245/40 R20, respectively. Xiaomi has introduced two versions of the SU7, one equipped with lidar and the other without. The…

USD/JPY dips following February’s Core PCE data, indicating a gradual cooling of inflation but concerns linger. Fed officials maintain a cautious outlook on rate cuts, awaiting further evidence of sustained disinflationary trends. Market awaits insights from Fed Chair Powell and other Fed speakers. The USD/JPY posts  minuscule losses following the release of the US Core Personal Consumption Expenditure (PCE) price index, the US Federal Reserve’s preferred inflation gauge. Data came as expected with prices continuing to trend lower, though at a slower pace. The major trades at 151.25, down 0.09%. USD/JPY reacts modestly to the latest US economic indicators The…

If XRP captures Ethereum’s (ETH) market cap, its price could skyrocket to a new all-time high of $7.42, representing an impressive 11.8x rise. Despite its unique legal clarity, XRP has not performed as expected during the current bull run. The concerns among market participants began in late July 2023 when XRP started correcting the gains it picked up following the pivotal July 13, 2023 ruling. Notably, by September 2023, XRP had already retraced all its gains, collapsing from the $0.93 high. Despite the broader market’s uptrend, which started in October 2023, XRP has not recorded any substantial price run, trailing…

Remote jobs are getting harder to come by. As of December 2023, remote jobs made up less than 10% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles.The good news for remote jobseekers is that some industries are still hiring for roles that can be done from home, and many come with six-figure salaries.To examine where remote hiring is happening the most for high-paying jobs, FlexJobs identified the top 10 occupations with the highest number of remote job openings on their site between January and March 2024…

It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday’s session. It marked the index’s best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong performances and hit records during the quarter. The blue-chip Dow finished Thursday at a fresh peak, while the tech-heavy Nasdaq’s most recent record came on March 22. Markets have been buoyed by strong U.S. economic data , and investor excitement around artificial intelligence continued to propel…

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I can’t recall a recent baseball story that has captured the public imagination like the current one involving Los Angeles Dodgers phenom Shohei Ohtani, his former translator Ippei Mizuhara and gambling. I won’t recite all of the facts here, but the story has a lot going for it that makes it fascinating, including any potential role Ohtani plays in the story besides being taken advantage of – he denies any involvement or knowledge in gambling and says the money was stolen. No officials have accused him of anything untoward. But this episode is already generating less than ideal headlines with…

Topline Amazon founder and chairman Jeff Bezos, who has an estimated net worth of $198.3 billion, is once again the second-wealthiest person in the world and wealthiest person in the U.S. as of Thursday, overtaking Tesla CEO Elon Musk, who has an estimated net worth of $196.1 billion, as the pair continues to go back-and-forth for the title. Key Facts March 27: In their 13th switch for the top spot, Bezos moved ahead of Musk when Bezos’ net worse rose by about $436 million and Musk’s decreased by about $1.6 billion, according to Forbes’ Real-Time Billionaires tracker. March 27: Marking…