Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots

The Federal Reserve warned about monetary stability dangers emanating from frothy shares and debt-laden hedge fund bets in its twice-annual report on potential vulnerabilities within the system, pointing to the rise of so-called meme shares as one signal that risk-taking might be getting out of hand. The central financial institution’s Monetary Stability Report, launched Thursday, … Read more

Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots

The Federal Reserve warned about monetary stability dangers emanating from frothy shares and debt-laden hedge fund bets in its twice-annual report on potential vulnerabilities within the system, pointing to the rise of so-called meme shares as one signal that risk-taking could possibly be getting out of hand. The central financial institution’s Monetary Stability Report, launched … Read more

New State Unemployment Claims Fall Sharply

Unemployment filings fell once more final week because the enhancing public well being state of affairs and the easing of pandemic-related restrictions allowed the labor market to proceed its gradual return to regular. About 505,000 folks filed first-time applications for state jobless benefits, the Labor Division mentioned Thursday, down greater than 100,000 from every week … Read more

SpongeBob, ‘Star Trek’ and sports drive subscriptions to Paramount+.

SpongeBob, “Star Trek” and the Tremendous Bowl have attracted new subscribers to ViacomCBS’s streaming platforms. The corporate, led by Shari Redstone, rebranded its long-running streaming service as Paramount+ in March, whereas additionally offering it with a slew of recent exhibits, movies and sports activities programming. The corporate additionally added content material to Pluto, its free … Read more

Big Internet Providers Funded a Project Behind Fake Comments on Net Neutrality

Web service suppliers funded an effort that yielded tens of millions of faux feedback supporting the Federal Communications Fee’s repeal of so-called internet neutrality guidelines in 2017, the New York legal professional normal mentioned on Thursday. Web suppliers, working by a bunch known as Broadband for America, spent $4.2 million on the venture, the legal … Read more

Covid Pandemic Forces Families to Rethink Nursing Home Care

Even earlier than the pandemic started 14 months in the past, nursing properties had turn out to be the supply for rampant, antibiotic-resistant infections. The amenities additionally confronted systemic issues like high turnover amongst nursing house workers and the gaming of the federal authorities’s rating system, which made it arduous for households to guage the … Read more