23andMe Files for Bankruptcy Amid Concerns About Security of Customers’ Genetic Data
The company filed for Chapter 11 bankruptcy to “facilitate a sale process.” Its chief executive stepped down and said she would bid on it.
Posted inConsumer Behavior Houston (Tex) Pop and Rock Music Recession and Depression Smith, Will Social Media Ted Lasso (TV Program) United States Economy
Is Spring Break in Houston a #RecessionIndicator?
As experts look to unemployment or G.D.P., people online are turning to pop culture moments (like Will Smith’s new album or a new “Ted Lasso” season) as signs of economic instability.
Posted inFreight (Cargo) Houthis International Trade and World Market Israel-Gaza War (2023- ) Maersk Line Red Sea Ships and Shipping Suez Canal Supply Chain Terrorism Trump, Donald J United States Air Force United States Defense and Military Forces United States Economy United States International Relations United States Politics and Government War and Armed Conflicts Yemen
Why the Shipping Industry Isn’t Rushing Back to the Red Sea
The companies that operate large container ships say they plan to keep going around Africa as violence flares in the region.
Posted inBanking and Financial Institutions Customs (Tariff) Federal Reserve System Interest Rates Powell, Jerome H United States Economy United States Politics and Government
Why the Fed’s Job May Get a Lot More Difficult
President Trump’s plans risk stoking inflation and denting growth, an undesirable combination that economists warn could lead to much tougher trade-offs for the central bank.