Airbnb Sued for Misleading Prices by Australian Authorities
Online accommodation marketplace Airbnb has been hit with a lawsuit by Australian authorities for alleged misleading pricing practices.
Business
US Economy Slowing Due to Persistent Inflation, Supply Woes, OECD Warns
The United States economy is slowing down due to persistent inflation and ongoing supply chain issues, the Organization for Economic Cooperation and Development (OECD) has warned.
Australia’s Central Bank Shocks with Huge Cash Rate Hike to Tackle Inflation
The Australian central bank, the Reserve Bank of Australia, has hiked the cash rate by a massive 50 basis points, from 0.35 percent to 0.85 percent, to tackle soaring inflation.
Elon Musk Orders Tesla’s WFH Execs Back to Office or ‘Pretend to Work Somewhere Else’
Tech entrepreneur Elon Musk has warned Tesla executives to end their work-from-home lifestyles and return to the office, otherwise they “should pretend to work somewhere else.”
Biden Confirms US Sending ‘Advanced’ Weapons to Ukraine
Democrat President Joe Biden has confirmed that the United States is providing Ukraine with “more advanced rocket systems and munitions” as Russia’s invasion of the country continues.
Firearm and Ammunition Stocks Soaring in Wake of Texas School Shooting
Firearm and ammunition manufacturers are seeing their share values soaring in the wake of the deadly mass shooting at an elementary school in Uvalde, Texas last week.
Conservative David vs. the ‘Woke’ Corporate Green Giant
Eight years ago, a holder of a modest amount of Apple stock found himself in the peculiar position of being told publicly by an angered CEO Tim Cook that his money was no good in Cupertino.
US Consumer Sentiment Falls to Near 10-Year Low in May
Consumer sentiment in the United States has fallen to an almost ten-year low in May, new data reveals.
Fed Study Reveals How Long Americans Expect Soaring Inflation to Persist
A New York Fed study has revealed how much longer Americans can expect to suffer soaring inflation.
Twitter to Pay $150 Million for Improperly Selling Users’ Private Data
Social media giant Twitter has agreed to pay $150 million after it was caught improperly selling users’ private information.