Author: admin

Treasury yields ease after Powell says the Fed can be patient and policy remains appropriate.DXY edges down to 99.51 after peaking at 99.63; the Greenback is under pressure from falling yields.Powell warns tariffs may hinder progress on Fed’s goals, adding to uncertainty over policy path.US Treasury yields edged lower across the whole curve, falling by an average of two and a half to three basis points after plunging more than seven basis points earlier. However, when asked whether the Federal Reserve (Fed) is leaning toward one side of its dual mandate, Chair Jerome Powell stated that it is too early…

Check on Youtube

This as-told-to essay is based on interviews with Brook, a 46-year-old freelance data worker and mom from Michigan. Business Insider has verified her work history. This essay has been edited for clarity and length.I’ve been doing behind-the-scenes tech work since 2006 — before most people had heard the word “AI.” I started as a freelance crowd worker on Amazon Mechanical Turk, doing tasks like tagging photos, transcribing business cards, filing receipts, and checking if websites worked.Since then, the work has really changed, and lots of new platforms have popped up as AI has become more in demand. Now, I do…

Disney (DIS) just revealed plans for a new theme park in the Middle East. The media and entertainment giant said Wednesday that the new theme park and resort would be located in Abu Dhabi, United Arab Emirates (UAE), marking its first major expansion into the Middle East and its seventh global resort. This announcement comes 15 years after Disney’s last park project, Disneyland Shanghai, was unveiled in 2010. The project supports Disney’s broader strategy to invest $60 billion into its theme parks and cruise lines by 2033, including approximately $30 billion already earmarked for expansions in Florida and California. The…

You don’t need me to summarise the state of video games media in 2024: Things are bad. But they’ve become bad in a myriad of ways, and one of the more depressing is that as the biggest sites have slashed budgets and laid off permanent staff writers, leaning instead on underpaid, overworked freelancers.From IGN to GameSpot to Kotaku, from reviews to reporting to service posts to SEO-friendly fare, over the last few years nearly every video game outlet still in existence has increasingly moved away from paying full-time writers (and their associated costs, like health care) towards paying a few…

Yahoo Finance’s Jennifer Schonberger reports: The Federal Reserve is widely expected to hold interest rates steady at the conclusion of its policy meeting Wednesday, but the path forward is anything but certain for Jerome Powell. Investors will be listening closely to the central bank chairman at a 2:30 p.m. ET press conference for any hints on future monetary policy actions after President Trump spent the last few weeks repeatedly calling for the Fed to lower rates while also lobbing insults at Powell. Trump in recent weeks referred to Powell as a “major loser,” “Mr. Too Late,” and a “total stiff”…

Check on Youtube

Micha Kaufman, the founder and CEO of freelance platform Fiverr, shot an email in early April 2025 reminding his staff of the coming AI jobocalypse. The mail has recently gone viral on social media after Shopify and Duolingo’s bosses issued a similar warning on AI. The email was sent early morning on April 7th with a preface to the message, dropping truth bombs. Kaufman stated in the mail that he despises sugar-coating reality “to avoid unpleasant truth.” He continues So here is the unpleasant truth: AI is coming for your job. Heck, it’s coming for my job too. This is…

The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major investors in Asia continued cashing out of U.S. assets.News that the United States and China are due to talk on Saturday eased concerns about a trade war that has shaken investor confidence in the dollar and U.S. markets. Fed Chair Jerome Powell was expected to say more data is needed before deciding the U.S. central bank’s next move. There appeared to be some letup in the selling of dollars since last week, which has been driven by investors globally, particularly…

Check on Youtube