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More news - News 24 hours USA Today Editor-in-Chief Terence Samuel announced Monday he is stepping down after a year in office. Samuel, a veteran journalist, had joined USA Today in July of the previous year from National Public Radio, where he had been a senior executive overseeing all news programs. Neither Samuel nor USA Today gave a reason for his departure. In an email to the newsroom, Monica Richardson, a senior vice president at USA Today, said Samuel’s resignation was “effective today.” Caren Bohan, the political editor, will temporarily take over as managing editor while the publication conducts a national search for a new chief newsroom editor, Richardson wrote. In an interview on Monday, Samuel described his departure as "sudden," but did not provide further details about ...

Related media - Recent news It's not just Taylor Swift fans who are keeping an eye on her Eras Tour dates. One of Europe's leading economists is acutely aware that the singer will spend the summer tearing around Europe's stadiums. Philip Lane, chief economist at the European Central Bank, had the pop star in mind when he spoke at an event on Monday. The interviewer had asked him about the risk that persistent inflation in the services sector could intensify, especially as Europe heads into a particularly busy summer with the Paris Olympics and the Euro 2024 football championship in Germany. “Well, that’s really interesting,” he said at the event. “You managed to say all that without saying Taylor Swift.” Ms. Swift will tour Europe this summer, bringing in her wake hundreds of thousa...

More news - Recent news The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks as they aim to control rising prices and curb demand. In May, the personal consumption expenditures (PCE) index rose 2.6% from a year earlier, in line with economists' expectations and down slightly from April's 2.7% increase. Excluding more volatile food and fuel prices, the measure of "core" inflation also rose 2.6% year-on-year, down from 2.8% in April. On a monthly basis, inflation remained particularly moderate, with overall prices showing no significant increase. The Federal Reserve is likely to be looking closely at this new inflation data as it considers its next policy moves. Since 2022...

Related media - Recent news Employers created 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That's an increase from the average of 232,000 jobs over the previous 12 months, muddying the picture of an economy that is relaxing to a more sustainable pace. What most concerns the Federal Reserve, which meets next week and again in July, is the 4.1% increase in wages over last year, a sign that inflation may not yet have been defeated. “For those who thought they were going to see a rate cut in July, that door has largely been closed,” said Beth Ann Bovino, chief U.S. economist at U.S. Bank. While wage increases are good for workers, she noted, persistent price increases undermine their spen...

Related media - Recent news Boeing is facing new criticism after the disclosure of a January crash involving a 737 Max plane. During a factory visit, a Boeing executive revealed details about missing bolts that led to a panel coming off during the crash. flight. The information sharing has angered the National Transportation Safety Board (NTSB), which called it a “blatant violation” of its own investigation rules. The NTSB is investigating the crash and says Boeing is not allowed to discuss details or speculate about the cause. As punishment, they will limit Boeing’s access to investigation information and prevent them from questioning others at an upcoming hearing. This comes after two deadly Max crashes in 2018 and 2019, which raised concerns about Boeing's past assurances of impro...

Related media - Recent news Anthony JF O'Reilly, a charming, ambitious, Irish-born former president of the HJ Heinz Company who also owned newspapers, luxury brands and trophy houses in France and the Bahamas, only to lose nearly everything in his eighth, has died. decade. on May 18 in Dublin. He was 88 years old. The Irish Times and other Irish newspapers, citing a family spokesman, said he died in hospital. No cause was given. From his earliest days, Mr. O'Reilly, known as Tony, has shown awkwardness about gifts. He was a world-class rugby player as a teenager: the “red-haired pin-up of Irish rugby”, as the Guardian called him. His talent for business was equally precocious. At 26, as marketing director of the Irish Dairy Board, he created the Kerrygold brand to sell ...

More news - Latest news The European Union (EU) accuses Microsoft of foul play after regulators accused the tech giant of unfairly bundling its popular Teams video conferencing software with its Office suite. This practice, the EU says, gives Teams an unfair advantage over competitors like Zoom and Slack. The issue centers on how Microsoft packages Teams within its Office 365 and Microsoft 365 subscriptions, which include programs like Word, Excel, and Outlook. Regulators believe this bundling essentially forces companies to adopt Teams if they want Microsoft's other widely used programs. This, they argue, harms competition by limiting customer choice. This is just the latest chapter in the EU's ongoing efforts to curb the dominance of big tech companies. Just a day earlier, the ...

Related media - Breaking news An American Airlines passenger who kicked and spat at flight attendants and passengers and attempted to open a cabin door before being secured to a seat with duct tape has been sued by the Federal Aviation Administration for a fine of $81,950, the largest ever issued by the agency for unruly behavior. The passenger, Heather Wells, 34, of San Antonio, was traveling first class from Dallas-Fort Worth International Airport in Texas to Charlotte Douglas International Airport in Charlotte, North Carolina, on July 7, 2021, when About an hour into the flight she ordered a Jack Daniel's and became agitated and said she "wanted to get off" the plane, according to a lawsuit filed June 3 in the U.S. District Court for the Western District of Texas. Ms. Wells began ...

More news - News 24 hours That has changed significantly in recent years, as the three national credit reporting agencies – TransUnion, Equifax and Experian – have eliminated much of that debt from credit reports. In the last two years, they stopped reporting debts less than $500 and debts less than a year in collections. According to a recent study by the Urban Institute, these changes have erased medical debt from the credit reports of millions of Americans. The percentage of Americans with unpaid healthcare bills on their credit reports dropped from 12% in August 2022 to 5% in August 2023. Americans who cleared medical debt from their credit reports during that period saw their credit scores increase by an average of 30 points, the Urban Institute study found, moving them out of...

Related media - Breaking news An Amazon spokesperson said in a statement that the company is appealing the sanctions and denied that the company used "fixed quotas." Spokeswoman Maureen Lynch Vogel said that “individual performance is evaluated over an extended period of time, compared to the performance of the entire site team” and that workers can “review their performance whenever they wish.” . California law also prohibits quotas that interfere with employees' ability to take mandatory breaks or use the bathroom, or that prevent employers from following state health and safety laws. Experts said the law was among the first in the country to regulate algorithmically tracked inventory quotas and require employers to make quotas transparent to workers. The fines announced Tuesday...