New York (CNN Business)Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a “whatever it takes” moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said Tuesday. “In hindsight, it would […]

EXCLUSIVE: Radar Pictures—the independent film and television production company founded by Emmy winner Ted Field, known for its work on the Jumanji and Riddick franchises—has signed with Buchwald for representation. Field founded Radar in 1999 and heads up the company as CEO. Radar has thus far produced more than 60 features—including The Amityville Horror, The Last Samurai and The Texas […]

The hopes that inflation might soon moderate were dashed when the consumer price index for April rose 8.3% compared to last year. The producer price index for April confirmed this further. It rose 11% compared to the same month last year. The PPI measures input costs, or wholesale prices, from the point of view of producers.  The prices of a […]

Senate Majority Leader Chuck Schumer called on Rupert Murdoch and other top executives of Fox Corp. and Fox News to stop the “reckless amplification” of the “great replacement theory” by some of the news channel’s hosts. The letter came following the deadly shooting rampage in Buffalo, NY, over the weekend, in which 10 people were killed. The alleged shooter had, […]

New York (CNN Business)New York department store chain Century 21 filed for bankruptcy Thursday and said it will shut down its business. Century 21 has 13 stores mostly in New York City and the surrounding metropolitan area. As of Thursday, it had 1,400 employees. The company blamed the lack of payment on its business interruption insurance as the cause of […]

The U.S. Food and Drug Administration or FDA has urged infant formula manufacturers to import infant formula products to the United States to meet the ongoing severe supply shortage. In order to further increase the availability of infant formula in the country, while protecting the health of infants, the regulator announced a guidance outlining increased flexibilities for the global manufacturers. […]

HONG KONG (Reuters) – Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.Blank prices are displayed in the stock quotation boards at the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October […]

European stocks are seen opening narrowly mixed on Tuesday as U.S. stock futures turned positive after declining earlier. The dollar held near 20-year highs, while gold edged higher as benchmark 10-year U.S. Treasury yields extended their decline after pulling back from the highest level in three and half years in the previous session. Oil prices extended losses on demand worries […]