Here’s what we know about Meta’s planned Twitter competitor that has Elon Musk upset
The project is reportedly codenamed P92 and may be called Threads.
Chamath Palihapitiya calls Warren Buffett the ‘GOAT’ after figuring out his Japanese bet
Chamath Palihapitiya expressed his admiration towards Warren Buffett, calling him the greatest investor of all time after analyzing his latest bet on Japan.
Bud Light boycott is the talk of the town at the prestigious Cannes Lions ad festival
Marketers gathered together in southern France this week for the Cannes Lions advertising festival had one topic front of mind: Bud Light’s divisive campaign.
Watch Fed Chair Jerome Powell speak live to Senate banking panel
Powell appears Thursday on Capitol Hill for the second day of his testimony on monetary policy.
Bank of England surprises with 50 basis point rate hike to tackle persistent inflation
The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its 13th consecutive increase.
Turkey’s central bank hikes interest rate to 15% in dramatic U-turn to fight inflation
The rate hike is Turkey’s first since March 2021.
Ocado shares jump more than 30% on speculation of Amazon takeover
The report suggests that big technology players could be weighing up their options with regards to Ocado and picks out Amazon as a potentially interested party.
Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
The boycott of Bud Light is having a major effect on its sales, while the wave of anti-LGBTQ+ backlash is also affecting Target and Starbucks.
Swiss National Bank opts for smaller rate hike, but says more are likely
The 25-basis-point rate hike by the SNB is the fifth rise since it began moving rates out of negative territory, though it had opted for 50-basis-point rises.
Norway central bank raises rate to 15-year high, with more to come
Norway’s central bank raised its key policy rate by 50 basis points to 3.75% on Thursday in a bid to curb inflation.
