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Vogue letting its hair down? High-fashion mag to throw public fashion show - and street fair - during NYFW

Thu, 08/11/2022 - 4:53pm
Vogue announced Vogue World: New York on August 11.
  • Balenciaga, Dior, and other designers expected in runway shows curated by Vogue editors.
  • Vogue promises "a live editorial fashion show, street fair, and special surprises," report says.
  • Passes for the event go on sale to the public August 15.

Vogue is having a live fashion show and street fair during New York Fashion Week to ring in its 130th anniversary - and you could go.

Vogue World: New York was introduced Thursday morning as a first-of-a-kind event with runway presentations from designers including Gucci, Balenciaga, and Valentino. The showcase will include the editors' favorite looks from this season.

Attendees also will be able to browse street fair booths of limited-edition items curated by Vogue, according to the report.

Certain runway looks will be available for purchase from Vogue's partners, which include NET-A-PORTER, Nordstrom, and more, Vogue says.

Tickets for the event will be available to the public Monday, but members of Vogue's paid online subscription, the Vogue Club, can already purchase passes. Ticket prices are expected to range from $130 to $3,000, Fashionista reports.

For those unable to attend in-person, a livestream will be available on the publication's website and social media platforms. 

Musician Lil Nas X — who posed for the announcement poster alongside model Hailey Bieber — teased his followers in a Tweet about the upcoming event.

—NASARATI (@LilNasX) August 11, 2022

In its announcement, Vogue promises attendees "special surprises" at the September fashion event.

Global Editorial Director of Vogue Anna Wintour said New York City is the "perfect place" to represent the direction of fashion.

"Fashion is changing and Vogue is doing something special to celebrate it—a fashion show-meets-street fair that captures the creative spirit of our community now," Wintour said in Vogue's report.

Vogue representatives did not immediately respond to Insider's request for comment.

Read the original article on Business Insider

What to do when you've spilled water on a laptop

Thu, 08/11/2022 - 4:50pm
Close-up of glass with water on desk with laptop
  • If you spilled water on your laptop, turn it off completely and unplug all accessories.
  • Open a wet laptop as much as possible, dry off the components you can reach, and (if possible) disassemble the machine for a thorough drying. 
  • Here's everything you should do to salvage a laptop that's suffered a spill.

Water and electronics don't mix, and if you spill water (or some other liquid) on your laptop, you should take immediate action. One accidental spill isn't necessarily a death sentence for your computer, but the potential for permanent damage is real. Here's what you should do to save your laptop if you spill liquid on it. 

1. Turn off the laptop

In the first few seconds after a spill, the first thing you should do is turn off the computer. For almost any laptop, the fastest way to do that is to press and hold the power button for six to 10 seconds until you force it off. After the laptop is powered down, immediately unplug it from its AC adapter or wall outlet. 

Press and hold the power button until the laptop shuts down.2. Unplug all accessories

Once the most urgent need to power off and unplug the laptop has been satisfied, move on to isolating the laptop from any accessories. Remove anything that is plugged into the laptop, including USB cables and devices like flash drives which might be plugged into USB ports. 

3. Dry off everything you can easily reach

You'll want to work quickly, removing as much water as you can as rapidly as you can. The longer your laptop is wet, the more likely permanent damage might occur — especially if the liquid wasn't plain water. 

At the same time, be careful, especially if you open the laptop and handle internal components (see the section on opening your laptop). Many components are delicate. 

Generally, you'll want to use absorbent cloths or paper towels to soak up liquid, but for smaller parts and for nooks and crannies, use cotton swabs. That's all you should need for a water spill, but if you dumped other kinds of liquid like soda, coffee, or tea, it's important to remove conductive residue that might be left behind when the liquid evaporates. Small amounts of rubbing alcohol will come in handy for that, but always dip your swab or cloth in the alcohol — never pour or spray alcohol directly on the components. 

Absorbent cloths and cotton swabs are all you need. Never use a heat source like a hair dryer.

You should also proceed to open the laptop into a wide "V" shape and stand it upside down on a flat surface so any liquid which seeped into the machine can drain out through the keyboard, vents, and seams in the case. Leave it in that configuration while you plan your next move, giving trapped liquid an opportunity to work its way out. Continue to dry your laptop surfaces as liquid appears. 

Open the laptop and turn it so water can drain out through vents and seams.

Important: Don't use a hair dryer or some other heat source to accelerate the liquid removal. This can do far more damage than the liquid did in the first place. 

4. Open the laptop and remove components (if you can)

This step depends on the type of laptop you have and your own comfort with essentially performing surgery on electronics. If your laptop permits, remove the battery from the bottom of the case. Many newer laptops have non-removable batteries, in which case you should skip this step. But if the battery is removable (usually via a button or slider on the bottom of the case) pop it out and set it aside. Dry the battery if it's wet. 

If the laptop is user-serviceable, open it up to gain access to internal components like the hard drive, CPU and RAM. If possible, carefully remove any internal components that are easily removable and set them to the side. Carefully dry any of these internal components that you can get access to. 

Leave all these components out until everything is completely dry — this can take several days. Be patient, and be completely sure the laptop and all of its internal components are thoroughly dry before reassembling it and turning it back on. This is also true if you can't open the laptop or remove any components — wait several days (or longer) before turning it back on. 

5. Get the laptop professionally serviced

If you have ready access to a local computer repair shop or warranty service center for your particular laptop, consider getting it professionally serviced as quickly as possible. Pros can care for your laptop and ensure it gets cleaned and dried more thoroughly than you can with makeshift at-home tools and techniques. If professional service isn't an option, remember to be careful, thorough, and let it dry for several days at a minimum before reapplying power. 

Read the original article on Business Insider

The last supermoon of 2022 will outshine NASA's favorite meteor shower Thursday night. To see both, you need a dark spot and good timing.

Thu, 08/11/2022 - 4:33pm
A cyclist uses a cellphone to photograph a supermoon as it rises over Arguineguin, in the south of Gran Canaria, Spain, on May 26, 2021.

A supermoon and a meteor shower will create a rare side-by-side celestial spectacle Thursday night. It's your last chance to see a supermoon for another year.

NASA says the Perseids are the best meteor shower, as Earth plows through a field of debris left behind by a comet, and 50 to 100 shooting stars streak across the sky when bits of comet burn up in the atmosphere. This year, however, the moon will appear to swell large and bright in the sky, outshining many of the fireballs.

"Sadly, this year's Perseids peak will see the worst possible circumstances for spotters," Bill Cooke, who leads the Meteoroid Environment Office at NASA's Marshall Space Flight Center, said in a statement.

At best, Cooke said, observers in North America will probably see 10 to 20 meteors per hour. 

A meteor streaks across the sky during the annual Perseid meteor shower in Spruce Knob, West Virginia, on August 12, 2016.

"Bright moon phases are bad for meteor showers as they wash out the dimmer meteors," Mike Hankey, operations manager for the American Meteor Society, told CNN.

"A full or almost full moon dominates one part of the sky, making that part undesirable for observing meteors. The full moon also lasts the entire night, leaving no hours of complete darkness, which is preferred," Hankey added.

A meteor is photographed near the Milky Way during the annual Perseid meteor shower in Pico de las Nieves, on the island of Gran Canaria, Spain, on August 13, 2021.

When the Perseids peak on Friday and Saturday night, the moon will still appear full. The shower continues until September 1, so there's still time to see a few shooting stars.

To see both the moon and the meteors most clearly, it helps to go somewhere dark, far from city lights. But this year is probably not worth a big trip for the Perseids, NASA's statement said.

A super Sturgeon moon takes the stage ThursdayA supermoon rises behind a downtown office building in Kansas City, Missouri, on April 7, 2020.

There is no official definition of a supermoon, but the term usually refers to a full moon occurring at perigee — the closest point to Earth in its orbit. It's a small difference in distance, but at this point the moon can appear up to 14% bigger and 30% brighter than it does at apogee, its farthest point from Earth, according to TimeandDate.com.

The big white orb hanging in the sky Thursday is also a Sturgeon Moon — a name for any full moon in August, historically peak fishing season for the hearty sturgeon in the Great Lakes and Lake Champlain. The full-moon name comes from Indigenous groups in those regions, according to The Old Farmer's Almanac.

Virginia Commonwealth University graduate student Matt Balazik gets ready to toss a 70-pound Atlantic sturgeon into the James River near Charles City, Virginia, on October 8, 2010.

The moon will probably look biggest when it's hovering closest to the horizon, thanks to an optical illusion. It will shine brightest at 9:36 p.m. ET, according to The Old Farmer's Almanac.

The next supermoon will occur in August 2023, according to In-The-Sky.org.

Read the original article on Business Insider

A $6 billion bet on US-made solar panels is about to get a boost as Congress looks to take on China

Thu, 08/11/2022 - 4:25pm
Solar projects are expected to grow at a rapid clip if Congress passes the Inflation Reduction Act.
  • AES Corp. and three other clean energy developers want to spend $6 billion on US-made solar panels.
  • Congress is about to pass big tax breaks for US solar, wind, and battery manufacturing.
  • It will be years before domestic supply chains scale up to rival China.

A $6 billion bet on US solar manufacturing that seemed risky less than two months ago suddenly seems prescient. 

Congress is on the cusp of enacting a major new industrial policy that includes tens of billions of dollars in tax breaks to US solar, wind, and battery makers in hopes of spurring an American manufacturing renaissance to rival China.

The incentives in the Inflation Reduction Act would boost a plan announced in June by a group of US renewable-energy developers that want to buy enough America-made solar panels to generate up to 7 gigawatts of power per year from 2024, or about one-third of the capacity installed across the country last year. That isn't possible right now because the US has lost ground to China as the country has invested more than $50 billion in solar manufacturing since 2011 to expand production and drive down costs.

"The key to energy independence and energy security in the US is developing local supply chains," said Leo Moreno, the president of AES Clean Energy, which formed the US Solar Buyer Consortium in June with three other companies. "Our initiative with the consortium is a great kick-starter, but manufacturing will only ramp up if there are incentives to make it price-competitive in the short term. That's why the Inflation Reduction Act is critical."

Moreno acknowledged that even with new incentives from the federal government, it would be many years before US plants could make solar-panel parts at scale. Meanwhile, new solar projects are expected to grow at a rapid clip if the Inflation Reduction Act clears Congress — with or without domestic supply chains.

Renewable-energy developers could be adding nearly 50 gigawatts of solar power to the grid each year by 2024, or more than double what was installed last year, according to Princeton University researchers. By 2030, that could reach well over 100 gigawatts a year. 

That may put the US on a path to generate 40% of its power from solar by 2035, an aspiration that the Biden administration said would require adding at least 60 gigawatts of solar each year by 2025.

What might limit that kind of explosive growth is a lengthy permitting process for new energy projects and transmission lines, Moreno said. 

"These are the main bottlenecks," he said. "It takes several years to go through these processes. We need permitting reform. What we can't have is each county determining their own rules. This is normally a bipartisan issue because we have common interests with the oil companies that also want to permit faster."

The promise of passing separate legislation designed to speed up permitting was key to securing Sen. Joe Manchin's vote for the historic climate bill. It could benefit not only renewable-energy projects but also new fossil-fuel pipelines and other infrastructure.

Manchin said senators would vote on a proposal when they returned from an August recess.

Read the original article on Business Insider

Liz Cheney says she's 'ashamed' her fellow Republicans are putting the lives of FBI agents at risk with their post-Mar-a-Lago raid attacks

Thu, 08/11/2022 - 4:20pm
Rep. Liz Cheney, a Wyoming Republican
  • Liz Cheney slammed fellow Republicans for their criticism of FBI agents involved in the Mar-a-Lago raid.
  • Trump and some GOP lawmakers have claimed agents could have planted evidence.
  • "These are sickening comments that put the lives of patriotic public servants at risk," Cheney wrote.

Rep. Liz Cheney on Thursday blasted her fellow Republicans for putting "the lives of patriotic public servants" at risk following the immense criticism of the FBI after agents raided former President Donald Trump's Mar-a-Lago resort.

"I have been ashamed to hear members of my party attacking the integrity of the FBI agents involved with the recent Mar-a-Lago search," Cheney wrote on Twitter. "These are sickening comments that put the lives of patriotic public servants at risk."

Cheney did not name specific Republicans that she was calling out. This marks her first major comments since the FBI's search of Trump's property earlier this week. Agents were reportedly investigating whether Trump still had classified material that should have been turned over to the National Archives. 

There are many Republicans who went beyond pushing for more information about the FBI's unprecedented action. Trump and Sen. Rand Paul of Kentucky even suggested that agents might have planted evidence to entrap Trump, which would be a blatant crime. The former president and others also compared the search to "third-world" dictatorships. Some on the right went so far as to claim that the nation's top law enforcement agency was now akin to the Gestapo, the Nazi secret police that help carry out the horrors of the Holocaust.

As the top Republican on the House January 6 committee, Cheney has repeatedly gone after fellow Republicans for not taking the January 6 insurrection seriously. She has also refused to back down from her criticism of Trump even though it led to her ouster from House GOP leadership. Cheney faces a difficult fight to hold onto her Wyoming seat next week against a Trump-backed opponent.

Attorney General Merrick Garland issued a strong defense of his department and the FBI in the wake of the criticism.

"I will not stand by silently when their integrity is unfairly attacked," Garland told reporters Thursday. "The men and women of the FBI and the Justice Department are dedicated, patriotic public servants."

Read the original article on Business Insider

Federal judge rules Walgreens advanced San Francisco's opioid epidemic by dispensing 'hundreds of thousands of red flag prescriptions'

Thu, 08/11/2022 - 4:12pm
Walgreens pharmacy.
  • A federal judge ruled Walgreens failed to investigate thousands of "suspicious orders" for opioids. 
  • "Walgreens pharmacies dispensed large volumes of medically illegitimate opioid prescriptions that were diverted for illicit use," the ruling states.
  • Rates of opioid abuse and drug overdoses have grown significantly in San Francisco in recent years. 

Walgreens has come under fire for its role in advancing the opioid epidemic in San Francisco. 

A federal judge ruled on Wednesday that the pharmacy chain failed to investigate hundreds of "suspicious orders" for opioids it distributed between 2006 and 2020, a period during which the company filled and distributed an estimated 100 million prescriptions for the drugs.

In a 112-page opinion, US District Judge Charles Breyer wrote Walgreens "dispensed hundreds of thousands of red flag opioid prescriptions without performing adequate due diligence" adding that the prescriptions "were written by doctors with suspect prescribing patterns," according to court documents

He added that evidence shows the company failed to provide pharmacists with the necessary staffing and resources  needed to investigate the orders, and were often pressured to fill prescriptions quickly without sufficient review. 

"As a result of Walgreens' fifteen-year failure to perform adequate due diligence ...  it is more likely than not that Walgreens pharmacies dispensed large volumes of medically illegitimate opioid prescriptions that were diverted for illicit use and that substantially contributed to the opioid epidemic in San Francisco," Breyer wrote. 

The opioid epidemic has accelerated significantly in the city of San Francisco, with emergency-room visits tied to opioid abuse increasing threefold from 2015 to 2020, the court documents state. In 2019, the most recent year with available data, nearly 2,000 people died from opioid overdoses in the city, a rate of more than five a day. 

Walgreens is the largest retail pharmacy chain in the city, and the second-largest in the nation behind CVS. A spokesperson for the company told Insider the company does "not support the court's decision" and plans to appeal. 

"As we have said throughout this process, we never manufactured or marketed opioids, nor did we distribute them to the 'pill mills' and internet pharmacies that fueled this crisis," Walgreens spokesman Fraser Engerman said in a statement. "We stand behind the professionalism and integrity of our pharmacists, dedicated healthcare professionals who live in the communities they serve."

Read the original article on Business Insider

US stocks erase early gains to turn mixed as spiking bond yields weigh on tech shares

Thu, 08/11/2022 - 4:09pm
  • Stocks gave up gains to end mixed as investors lost confidence the Fed will slow down its tightening cycle.
  • The Nasdaq declined as the 10-year Treasury yield surged as much as 10 basis points. 
  • Early Thursday, a drop in wholesale prices added to hopes that inflation is cooling. 

US stocks gave up early gains to finish mixed on Thursday as Wall Street lost confidence the Federal Reserve will slow down its tightening cycle.

The Nasdaq declined as the 10-year Treasury yield surged as much as 10 basis points. Famed economist Mohamed El-Erian said the Fed won't slow its tightening and predicted the central bank would raise benchmark rates "somewhere between" 50 and 75 basis points at the next meeting. 

"I think the Fed is going to welcome the latest print, but it's not going to slow down in any significant manner," the top economist told CNBC.

Here's where US indexes stood at the 4:30 p.m. closing bell on Thursday: 

Early in the trading session, stocks rallied after a dip in producer prices added to hopes that inflation is cooling. Markets surged Wednesday after consumer price inflation slowed more than expected.

Meanwhile, BlackRock is wasting no time in advancing its new partnership with Coinbase, and will offer clients spot bitcoin exposure through a private trust. 

Disney soared as the company beat analyst expectations on both earnings and new streaming subscribers. The company is also raising the price of both Disney+ and Hulu. 

Elsewhere, Russia has taken control of $12.4 trillion worth of Ukraine's resources, including coal, oil and natural gas. Ukraine sill controls the majority of its oil and gas reserve. 

Oil prices rose as the IEA increased its demand forecast. West Texas Intermediate crude jumped 2.37% to $95.08 while international benchmark Brent crude gained 1.73% to $99.05. 

Gold was 0.21% lower at $1,788.17. The yield on 10-year Treasury notes jumped 10 basis points to 2.88%. 

Bitcoin rose 2.3% to $24,171. 

Read the original article on Business Insider

Wild conspiracy theories swirling online attempt to tie the late Ivana Trump to her ex-husband's legal issues

Thu, 08/11/2022 - 4:05pm
The casket of Ivana Trump is brought out of St. Vincent Ferrer Roman Catholic Church after her funeral in New York City, on July 20, 2022.
  • Conspiracy theorists are searching for links between Donald Trump's legal issues and his late ex-wife Ivana.
  • People are questioning whether she was an informant or if documents were buried with her.
  • Conservatives are calling the burial idea a "BlueAnon" theory.

Team Ivana is weighing in on former President Donald Trump's legal issues and searching for connections after the FBI raid of his Mar-a-Lago home.

Absent more information on the FBI's search for classified documents, people on social media are floating some wild and dark conspiracy theories about Trump's first and recently deceased ex-wife, Ivana Trump, who was buried last month at Trump National Golf Club in Bedminster, New Jersey.

Some are enjoying questioning whether Ivana was the informant who reportedly tipped off authorities to the documents that might have been improperly stored at Mar-a-Lago.

Others — including a liberal daytime soap opera star Nancy Lee Grahn and Biden supporter Jon Cooper — are suggesting, likely in jest, that documents were buried with her. Conservatives are calling the burial idea a "BlueAnon" theory.

There is no evidence that these theories are anything but games, the result of boredom, Twitter doing what it does or just nutso.

Here they are, nonetheless:

—Nancy Lee Grahn (@NancyLeeGrahn) August 11, 2022

 

—Jon Cooper (@joncoopertweets) August 9, 2022—Pak Tam (@pakctam) August 11, 2022—Sober 2nd Thought (@Noorfolk) August 11, 2022—Donna Cupp

7 hidden Twitter features every user should know

Thu, 08/11/2022 - 4:00pm
  • Twitter has a slew of hidden features that can enhance your experience of using the social media platform.
  • Among these features are settings that allow you to save data while using the app or clear its cache.
  • Here are seven lesser-known features every Twitter user should know.

Twitter might not be the most popular social media platform, but it's still a go-to resource for staying on top of news and current events. Looking for ways to get more out of Twitter? Here are seven lesser-known features every Twitter user should know.

Curate your own feed with lists

You probably follow countless accounts, which makes it almost impossible to stay on top of the handful of tweeters you really care about. The solution is to curate one or more short lists of accounts you want to see regularly.

To make a list, tap your account icon in the mobile app and then, in the menu, tap Lists. Tap the New icon at the bottom right and give your new list a name. If this list is just for you, swipe the Private button to the right and then tap Create. On the Add to your list page, tap Add next to any accounts you want to follow closely, then tap Done. Afterwards, you can browse your curated list by tapping your account icon and then choosing Lists in the popup menu. 

A List is a powerful way to curate a handful of Twitter accounts that you want to read regularly.View lists others have added you to 

Just as you can create lists, other users can add your account and tweets to their own lists, and you won't get any form of notification about it. You can see which lists you're on through the Lists tab on the desktop site or mobile app, and once there, either subscribe to those lists or block the user to remove yourself from the list. See our article on viewing your Twitter lists for information on how to access and adjust your footprint on this feature. 

Disable read receipts 

You don't have to let everyone know when you've read their DMs — you can disable read receipts with a single tap. In the mobile app, tap your account icon and then choose Settings and privacy in the popup menu. Tap Privacy and safety, and then tap Direct messages. Finally, disable Show read receipts by swiping the button to the left. 

Save data by adjusting your settings

Numerous default features on Twitter can eat at your cellular data, but you can adjust your settings to disable multiple data-draining aspects of the app at once. In the mobile app, tap your account icon followed by Settings and privacy. Tap Accessibility, display, and languages and then choose Data usage. The resulting menu shows various settings you can adjust for images and videos on the app. You can disable these settings individually or adjust them to use cellular data or Wi-Fi when uploading or playing content. To disable all of these features at once, simply tap the button next to Data saver

Tap to enable “Data saver.”Clear your Twitter app cache

Twitter's mobile app holds caches of data related to your account that you can clear to potentially make the app run more efficiently. In the app, tap your account icon followed by Settings and privacy. Tap Accessibility, display, and languages and then choose Data usage. At the bottom of the menu, tap either Media storage or Web storage and follow through on the next page to clear these caches. 

Listen to Twitter Spaces on a computer

While Twitter Spaces are primarily a mobile-centric application, you can listen into Spaces using the desktop website. See our article on joining Twitter Spaces on desktop for information on the various ways you can find and listen to Spaces using your computer.   

Share accounts with a QR code

Never spell out your Twitter handle to someone at a party ever again: If someone wants to follow you, point your phone at them so they can scan your Twitter account's QR code. And vice-versa. When you and someone else want to share Twitter details, tap your account icon and then tap the QR code icon at the very bottom of the page. Your QR code appears. Your acquaintance should do the same thing, but then tap the Scan a QR code icon at the bottom of the page. 

Follow someone's Twitter account by scanning their QR code.Read the original article on Business Insider

Trump talked his way into the DOJ asking for the release of the Mar-a-Lago search warrant

Thu, 08/11/2022 - 3:51pm
Attorney General Merrick Garland
  • The Justice Department asked to unseal the search warrant for the search of Trump's Mar-a-Lago.
  • The department said the search "attracted little or no public attention" while it was taking place.
  • But Trump's confirmation of the raid and the public interest warranted unsealing, DOJ argued.

The Justice Department on Thursday asked a federal judge to unseal the search warrant and other records related to the raid of Mar-a-Lago, the South Florida home and members-only club of former President Donald Trump.

At a press conference, Attorney General Merrick Garland said the Justice Department had taken the unusual step "in light of the former president's public confirmation of the search, the surrounding circumstances, and the substantial public interest in this matter." The attorney general also confirmed that he personally signed offon the pursuit of a warrant to search Trump's home.

Garland's public remarks, his first since the Monday search of Mar-a-Lago, coincided with the Justice Department asking a magistrate judge in South Florida to unseal the warrant and an inventory of items seized from Trump's property in a search that focused on the former president's handling of government records and classified material.

The unsealing request came in the face of pressure from Trump's Republican allies for the Justice Department to release more details about the unprecedented search of a former president's home. In taking the remarkable step, the Justice Department defied its longstanding policy against making public statements about ongoing investigations. Garland on Thursday stressed that the circumstances around the search of Mar-a-Lago warranted an exception.

"Much of our work is, by necessity, conducted out of the public eye. We do that to protect the constitutional rights of all Americans and to protect the integrity of our investigations," he said. "Federal law, longstanding department rules, and our ethical obligations prevent me from providing further details as to the basis of the search at this time," Garland said.

"There are, however, certain points I want you to know," he added. "First, I personally approve the decision to seek a search warrant in this matter. Second, the department does not take such decisions lightly.

In a five-page filing, the Justice Department said asked a federal judge to unseal records related to the Mar-a-Lago search "absent objection by former President Trump." Magistrate Judge Bruce E. Reinhart, who approved the search warrant, ordered the Justice Department to confer with Trump's lawyers and advise by 3 pm Friday whether the former president opposed the unsealing request.

According to the department's filing, Reinhart approved the warrant on August 5 — the Friday before the search of Mar-a-Lago. The filing indicated that the inventory of items seized from Mar-a-Lago would be at least partially "redacted," meaning blacked-out, in the version available to the public.

The Justice Department linked its decision to unseal the records closely to Trump's rhetoric in the aftermath of the Mar-a-Lago search — an FBI raid the former president excoriated as a politically-motivated "weaponization of the Justice System." A lawyer for Trump, Christina Bobb, confirmed after the search that the FBI removed about a dozen boxes and provided a search warrant indicating that agents were investigating possible violations of the Presidential Records Act and laws concerning classified materials.

"At the time the warrant was initially executed, the Department provided notice directly to former President Trump's counsel," the DOJ said in the motion. It "did not make any public statements about the search, and the search apparently attracted little or no public attention as it was taking place."

"Later that same day, former President Trump issued a public statement acknowledging the execution of the warrant," the Justice Department continued. "In the days since, the search warrant and related materials have been the subject of significant interest and attention from news media organizations and other entities."

In his lengthy public statement confirming the raid,  Trump accused the Justice Department and the FBI of "prosecutorial misconduct" and "political persecution," adding: "They even broke into my safe!"

His Republican allies quickly jumped to his defense, with Sen. Rick Scott saying that the federal government had gone the way of the Gestapo — the notorious secret police in Nazi Germany.

Gov. Larry Hogan of Maryland, a Republican critic of Trump, said the "unprecedented circumstances" of the Mar-a-Lago search "require unprecedented transparency and accountability from our government institutions."

"The American people deserve to know all the facts as soon as possible, and I call on the Biden administration to release — at a minimum — the documents authorizing the FBI search," Hogan said in a prepared statement.

Trump has allowed for secrecy to hang over the search and suggested, without evidence, that the FBI was "planting" evidence.

As the Justice Department confirmed Thursday, his representatives received a copy of the search warrant and manifest of items seized. The former president has not released those records on his own.

With the Justice Department's unsealing request, the decision of whether to greenlight or object to the release of those records now rests solidly in the former president's lap.

Read the original article on Business Insider

Walgreens is reportedly offering pharmacists as much as a $75,000 signing bonus amid an ongoing labor crunch

Thu, 08/11/2022 - 3:50pm
  • Walgreens is offering as much as $75,000 in sign-on bonuses for pharmacists. 
  • The bonuses come amid an ongoing shortage of pharmacy workers during the pandemic.
  • Pharmacists previously told Insider they were struggling to juggle the higher-than-normal workload.

Walgreens is offering a hefty signing bonus to lure pharmacists amid an ongoing labor crunch. 

The Wall Street Journal reported Thursday that the pharmacy chain is offering as much as $75,000 as a sign-on bonus  in certain markets across the US. The bonus comes with a requirement for the new hire to stay at their job for a certain period of time, typically at least a year, the Journal reported. 

Although more typical Walgreens signing bonuses are around $30,000 or $50,000, according to the Journal, the $75,000 payout highlights Walgreens' staffing challenges, which began during the pandemic.

A Walgreens spokesperson told Insider that the bonuses are "one of many steps to address pharmacy staffing in some areas."

Pharmacies across the US have struggled with staffing throughout the pandemic due to a higher-than-normal workload: Pharmacy workers were tasked with COVID-19 testing, and later, COVID vaccines and booster shots, on top of filling prescriptions. Insider reported in December that pharmacists were feeling overworked and burned out, with some managers attempting to lift morale with free pizza or gift cards. 

"You could either focus on filling people's prescriptions or you can focus on doing vaccines, but there was literally no way that you could do both," a former CVS pharmacist told Insider at the time. 

Walgreens and other pharmacies, including CVS and Rite Aid, have been advertising jobs with potential sign-on bonuses for several months. On Walgreens' jobs page on its website, it advertises a $1,250 bonus for pharmacy technicians paid out over the course of 12 months. The company announced last September that it would offer a $1,000 bonus to anyone who became certified to administer flu shots and COVID vaccines. 

The median annual salary for pharmacists was $128,570 in 2021, according to data from the US Bureau of Labor Statistics

Walgreens began cutting pharmacy hours at some locations last year to make up for the pharmacist shortage — roughly 3,000 stores are currently operating with reduced hours, according to the Journal.

Are you a pharmacist struggling with burnout or understaffing? We'd love to hear from you. Contact this reporter at ahartmans@insider.com. 

Read the original article on Business Insider

'A League of Their Own' offers a fresh take on the classic 1992 movie — here's how to watch the new series from the co-creator of 'Broad City'

Thu, 08/11/2022 - 3:43pm

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The Rockford Peaches gather in the locker room in Prime Video's A League of Their Own series.
  • "A League of Their Own" premieres August 12 exclusively on Amazon Prime Video.
  • The new dramedy is adapted from the 1992 movie of the same name, but features new characters.
  • Amazon Prime Video is $9/month on its own, and it's included with a full Prime membership for $15/month.

"A League of Their Own" debuts August 12 exclusively on Prime Video. The new Amazon original baseball dramedy joins the growing slate of iconic movies being rebooted into TV series.

While "A League of Their Own" is based on Penny Marshall's 1992 movie of the same name, the Prime Video show is neither a remake nor a spinoff. "A League of Their Own" adapts the basis of the 1992 movie's story about the formation of a women's pro baseball team during World War II. However, the series features brand-new characters, storylines, and an expansion of the original movie's sociopolitical themes.

Check out the trailer for 'A League of Their Own'

The show is created by Abbi Jacobson ("Broad City") and Will Graham ("Mozart in the Jungle"). Jacobson also stars, alongside Chanté Adams and D'Arcy Carden as players on the Rockford Peaches. Nick Offerman plays the new coach while Rosie O'Donnell, who played Doris in the original movie, guest stars as a bartender who works at a local gay bar..

How to watch 'A League of Their Own'

You can watch "A League of Their Own" on Prime Video starting August 12. Since it's an Amazon original, the show can't be streamed on any other subscription service.

On its own, a Prime Video subscription costs $9 a month, but this option only applies to the video service. To gain full access to all of Amazon Prime's benefits, you need to sign up for a full Prime membership at $15 a month or $139 a year. Students can get 50% off, bringing the price down to only $7.50 per month.

Prime Video is supported by most smart TVs, Mac and PC web browsers, Apple and Android mobile devices, video game consoles, Chromecast, Fire TV, Apple TV, and Roku products. Check out the full list of compatible devices on Amazon's website.

Can I watch 'A League of Their Own' for free?

You can watch "A League of Their Own" for free with an Amazon Prime trial. If you're a new subscriber or haven't been an Amazon Prime member for over 12 months, you can sign up for a 30-day free trial. 

There isn't a trial specific to just Prime Video, however, so you'll need to subscribe to a full Prime membership to get 30 days for free.

 

How many episodes are in 'A League of Their Own' season one?

There are eight episodes in "A League of Their Own" season one, each of which are around one hour long. All eight episodes will be available to stream immediately on Prime Video starting  August 12. 

However, since Prime Video typically releases its content at 12 a.m. GMT, subscribers in the US should be able to watch "A League of Their Own" as early as 7 p.m. ET on August 11.

Is 'A League of Their Own' based on a true story?

While the characters and storylines are fictional, "A League of Their Own" is based on the true story behind the formation of the All-American Girls Professional Baseball League during World War II. The league was formed to provide sports entertainment on the home-front while many male baseball players went to war.

As was the case in the 1992 "A League of Their Own" movie, the new series' Rockford Peaches are based on the real team of the same name. While the characters in "A League of Their Own" are entirely fictional, some storylines are adapted from the real experiences of the historic players on and off the field.

Will 'A League of Their Own' get a second season?

"A League of Their Own" season two has yet to be confirmed. A second season likely depends on how well season one performs after its first few weeks of release.

Is 'A League of Their Own' worth watching?

"A League of Their Own" has received positive reviews so far. As of August 11, the series has a "90% Certified Fresh" rating on Rotten Tomatoes based on 31 critic reviews. 

Where can I watch the original 'A League of Their Own' movie from 1992?

"A League of Their Own."

You can stream the 1992 "A League of Their Own" movie for no additional cost with a Prime Video subscription. The movie stars Gena Davis, Tom Hanks, Madonna, Lori Petty, and Rosie O'Donnell.

The movie can also be rented or purchased without a subscription through Prime Video, YouTube, Apple TV, Google Play, or Vudu

Read the original article on Business Insider

Merrick Garland defends Justice Department after Trump and GOP lawmakers attacked the FBI for raiding Mar-a-Lago: They 'are patriotic public servants'

Thu, 08/11/2022 - 3:42pm
Attorney General Merrick Garland speaks to reporters on August 11.
  • Merrick Garland defended the DOJ and FBI amid a torrent of criticism following the Mar-a-Lago raid.
  • Garland's comments come as Trump and GOP lawmakers torch the FBI.
  • "The men and women of the FBI and the Justice Department are dedicated, patriotic public servants," Garland said.

Attorney General Merrick Garland on Thursday defended the Justice Department and the FBI after a torrent of criticism following the decision to raid former President Donald Trump's residence at Mar-a-Lago.

"I will not stand by silently when their integrity is unfairly attacked," Garland told reporters at the Justice Department. "The men and women of the FBI and the Justice Department are dedicated, patriotic public servants."

Garland's words come as Trump, his allies, and scores of Republican lawmakers tear into the FBI for their decision to stage an unprecedented raid on the property of a former president. Trump confirmed the court-ordered search as it was unfolding and compared the operation to what occurs in "a third-world country."

Rep. Marjorie Taylor Greene and other far-right lawmakers have also called for the FBI to be defunded. Others on the right compared federal agents to the Gestapo, the Nazi's secret police.

During his surprise news conference, Garland revealed that he personally signed off on the decision to obtain an unprecedented search warrant of a former president's home. He also added that the Justice Department is taking formal steps in court to unseal the search warrant and the list of items seized by law enforcement.

Trump and his attorneys could have publicly released the warrant, but so far have declined to do it.

Read the original article on Business Insider

Michael Cohen says he 'would not be surprised' if FBI informant was one of Trump's kids or Jared Kushner

Thu, 08/11/2022 - 3:37pm
Donald Trump, Melania Trump, Barron Trump, Jared Kushner, Ivanka Trump, Donald Trump Jr. and Eric Trump are seen at the funeral of Ivana Trump on July 20, 2022 in New York City.
  • Michael Cohen suspects the possible informant involved in the FBI's Mar-a-Lago raid is in Trump's "inner circle."
  • "I would not be surprised to find out it is Jared [Kushner] or one of his children," Cohen told Insider.
  • "Who else would know about the existence of a safe and the specific contents kept inside?" Cohen said. 

Donald Trump's ex-personal attorney and fixer Michael Cohen suspects that the possible informant involved in the FBI's raid on the former president's Mar-a-Lago estate in Florida is one of his own kids or his son-in-law, Jared Kushner. 

"It's definitely a member of [Trump's] inner circle," Cohen told Insider on Thursday, adding, "I would not be surprised to find out it is Jared or one of his children."

"Who else would know about the existence of a safe and the specific contents kept inside?" Cohen said. 

A representative for Trump did not immediately respond to Insider's request for comment on Thursday. 

The FBI on Monday executed a search warrant at Trump's home in Palm Beach, Florida, and even broke into a safe there, Trump announced at the time as he accused the feds of "prosecutorial misconduct."

Trump and his allies also suggested the baseless conspiracy theory that the FBI planted evidence during the raid.

"Everyone was asked to leave the premises, they wanted to be left alone, without any witnesses to see what they were doing, taking or, hopefully not, 'planting,'" Trump wrote on his social-media app, Truth Social.

However, Trump's own lawyer cast doubt on those claims. 

Sources told ABC News that the FBI raid was related to 15 boxes of documents that Trump had moved from the White House to Mar-a-Lago upon leaving office. 

Earlier this year, the National Archives asked the Justice Department to investigate whether Trump broke the law when he took the boxes, some of which contained classified information.

Additionally, sources told both Newsweek and The Wall Street Journal that an informant tipped off authorities that classified government documents may have been improperly stored at Mar-a-Lago.

And people in Trump's orbit have started finger-pointing amid growing paranoia about an informant, Rolling Stone reported. 

Fox News White House correspondent Jacqui Heinrich said in a tweet on Thursday that a federal law enforcement source told her that probable cause for the FBI search warrant at Mar-a-Lago "very likely" came from a member of the Secret Service.

"Nothing good comes after the FBI raids your property — except my elation that it involved Trump," Cohen, who served as Trump's personal lawyer and confidant for almost a decade, told Insider. 

In 2018, federal authorities raided Cohen's home and office as part of a criminal investigation into Trump's illegal hush-money payment to the adult-film actress Stormy Daniels.

That year Cohen pleaded guilty to multiple felonies, including tax evasion, campaign finance violations, and bank fraud, and was sentenced to three years in prison. 

Since pleading guilty, Cohen has become one of Trump's fiercest critics and is said to be cooperating in a number of criminal and civil investigations into his former boss.

"I predict an indictment and conviction on more than just possessing classified documents," Cohen told Insider of Trump. "The Democratic adage that no one is about the law will ring true."

The Department of Justice is investigating Trump as part of its criminal probe into the deadly January 6, 2021, Capitol siege.

Read the original article on Business Insider

Fox News host calls out GOP for attacking the FBI after raid on Trump's home: 'Whatever happened to the Republican party backing the blue?'

Thu, 08/11/2022 - 3:26pm
Steve Doocy hosts "Fox & Friends" at Fox News Channel Studios on September 24, 2019 in New York City.
  • Fox host Steve Doocy called out Republicans for demonizing the FBI following a raid on Trump's home. 
  • Doocy asked Rep. Scalise: "Whatever happened to the Republican Party backing the blue?"
  • For years, the GOP has presented itself as a pro-cop, "law and order" party. 

For years, Republicans have decried Democrats and the Black Lives Matter movement over criticism of law enforcement in relation to police brutality. The GOP has portrayed itself as a pro-cop party — vehemently condemning calls from activists to defund the police. 

But in the wake of the FBI raid on former President Donald Trump's home, Republicans are signing a different tune about law enforcement. Some have even called for the FBI to be defunded, which strongly contrasts with the GOP's presentation of itself as the "law and order" party. 

"Fox & Friends" host Steve Doocy confronted GOP Rep. Steve Scalise about this disconnect on Thursday while calling out the ways in which the FBI has been "demonized" online since the raid — including by sitting Republican members of Congress. 

"I'm just curious, whatever happened to the Republican Party backing the blue? And, in particular, the [35,000] members of law enforcement, federal law enforcement, at the FBI?" Doocy asked.

"Frankly, we are very strong supporters of law enforcement, and it concerns everybody if you see some agents go rogue," Scalise said in response. "If you see an agent that doesn't have the right checks and balances at the top. This is coming from the top."

After Scalise suggested that FBI agents went "rogue," Doocy pushed back, stating, "Who went rogue, Steve? Who went rogue? They were following a search warrant!"

Scalise responded that the GOP wants to "find that out." 

After more back-and-forth, Doocy said, "Steve, why not wait a week or so until we know more about this search warrant than immediately rush to judgment and say, 'The FBI, they're crazy.'"

—Aaron Rupar (@atrupar) August 11, 2022

 

A number of Republicans have vilified the FBI in recent days, with some comparing it to the Gestapo — the brutal secret police of Nazi Germany. 

And some GOP lawmakers have described the FBI raid on the former president's home as something that only happens in the "third world," despite the fact a number of democracies — including key US allies like France, Israel, and South Korea — have prosecuted, convicted, and even jailed ex-leaders. 

The FBI raid was reportedly in connection with boxes of documents — including classified material — that Trump took with him to Florida upon his departure from the White House. 

Read the original article on Business Insider

I quit my management consulting job to teach flying trapeze. I make way less money, but following my dream has been worth it.

Thu, 08/11/2022 - 3:15pm
David Paasche.
  • David Paasche is a flying trapeze instructor in Dallas who left consulting to do circus full-time.
  • He was nearing a six-figure salary and now makes $15 an hour, but he's more fulfilled and happier.
  • Here's what his job is like, as told to writer Christine Gilbert.

This as-told-to essay is based on a conversation with David Paasche, a 25-year-old flying trapeze instructor in Dallas, Texas, about his job. It has been edited for length and clarity.

I grew up in New Jersey and went to Brown University for undergrad. My first experience with partner acrobatics was when I was the president of the Brown Aerial Arts club.

In 2019, I graduated and moved to San Francisco for an entry-level analyst job in management consulting at the firm Altman Vilandrie & Company. We were focused on the telecom, media, and technology industries. My day-to-day role involved doing market research, building Excel sheets, and making PowerPoint slides to present our findings. I was on my way toward earning a six-figure salary.

I was excited to have a job right out of college that paid really well, where I worked with smart, interesting people. I liked the job and worked 12 to 15 hours a day.

While working there, I started flying trapeze in my free time

David Paasche.

I went to the San Francisco Circus Center looking for a partner acrobatics class. They didn't have one, so I thought, Maybe I'll try this flying trapeze thing.

Flying trapeze is when you're swinging back and forth on a trapeze bar over a net throwing tricks. The goal is to come off the bar, do some kind of trick (flipping or twisting), and get caught by someone who's in another trapeze, hanging upside down by their knees.

As I continued taking classes, there was this slow shift toward circus as a possible career. The physicality of circus was important for that shift. In consulting, you use your mind, but in circus, you use both your mind and body. You have to be strong and flexible. There's the intellectual element of making your artistic vision come to life and the mental training you need for big tricks.

I was in the circus gym seeing the people who had been in professional shows and part of big troupes, and they felt like the people I wanted as professional role models.

Then COVID-19 happened, and my job went remote 

Circus gyms also shut down. I moved back to New Jersey and was working on a hard project. My life was wake up, work, and sleep. I think that accelerated my job switch. The experience probably burned me out a little faster than it might've otherwise.

A flying trapeze rig opened on Long Island, and I started training again. I was planning on visiting my girlfriend in Florida, and one of the people on the rig recommended I check out Momentum Academy, a circus gym in Port Saint Lucie with flying trapeze.

I talked to the owner of Momentum, and he gave me the opportunity to work there. Because I was at a high skill level, Momentum offered me the opportunity to teach in some of their recreational classes a few weeks into my time there.

I had a little bit of a safety net to make the switch. I was on sabbatical from consulting to learn trapeze, so I had a three-month period to go teach also. I drove down and started on January 3, 2021.

I was mostly working board and catching. Everybody starts working board, which is the person who's helping you take off, clipping your safety lines, and holding your belt before you jump. For catching, you have to have more strength and awareness, but a strong, capable person who has limited background can slot into it quickly.

Two months in, the owner offered me a position to stay on The Dallas Circus Center.

I worked there for a few more months, then moved to Dallas to teach at the Dallas Circus Center.

I was leaning on my savings when I started, but I'm on salary now. My salary is $15 an hour for 30 hours a week, and the gym helps out with housing, but doesn't cover the cost entirely. That's the typical setup for flying trapeze teachers — the gym will help subsidize or find affordable housing.

I don't really think about it as a 'pay cut' from my consulting job

It was more like this big life change where I switched from the mindset of working a "job" that was exciting and dynamic but where I didn't feel that sense of fulfillment or meaning, to living this new life that was all about achieving something wonderful and new that I never would've imagined for myself before.

In a lot of ways, I really don't feel like I have a "job" right now. My hours and tasks are different every week, and most of what I do revolves around making the gym run smoothly, delivering top-notch instruction to our students, and building up my skills as an athlete. It feels a lot more like participating in a community or family than it feels like a job that I switched into from a different job. It's a life I switched into from another life.

Flying trapeze gyms fill their staff with some locals and other people like me who come and camp out there. We increase our skill set, then move on, weaving our way through the circus world.

On a typical teaching day, I'm waking up between 9 and 10 a.m. 

I'll come into the gym, clean, and do rig maintenance, then I'll train — strength, flexibility, maybe straps, trampoline, whatever I need to focus on. I'll take a break, eat, and hang out outside the gym.

I'll maybe train more, then teach. I mainly teach group classes, but about once a month, I teach a private trampoline or handstand class. Usually after classes, around 9:30 p.m., there's a team training session on the rig or I'll base duo trapeze until 11 p.m. or midnight.

My dream is to be in the circus, performing flying or maybe duo trapeze on a big show

My hope is that in the next two to five years, I'll be able to build the skill set to make that happen. I would be eager to work for any circus company where I could perform at a high level, especially now as I start my career.

That said, I'll admit I have a bit of a crush on Cirque du Soleil. They have some awesome fly acts right now, and I've met a few of the catchers. Cirque is also a big-name circus company in the US. I think that brand value creates some draw, just having heard its name all the time, even before I ever thought I might become a circus artist myself.

If you want a side job in flying trapeze as you're pursuing a traditional career, that's easy to do. Find a rig, express interest, and take classes for a while. If you want to be a circus nomad, get your skills up, make that your life, and think about how much you want it. There are a lot of places you can go, but you're giving up a lot of stability. If that's going to fill you up and you can't see yourself doing anything else, absolutely go for it.

Read the original article on Business Insider

Merrick Garland confirms he personally signed off on the FBI's decision to search Mar-a-Lago

Thu, 08/11/2022 - 3:13pm
United States Attorney General Merrick Garland.
  • AG Merrick Garland confirmed that he personally signed off on the FBI's Mar-a-Lago search warrant.
  • "The department does not take such a decision lightly," he said at a news conference.
  • Garland also said the DOJ filed a motion to unseal the warrant after Trump publicly revealed its existence.

Attorney General Merrick Garland confirmed Thursday that he personally signed off on the warrant used to search former President Donald Trump's Mar-a-Lago property.

He announced that the Justice Department filed a motion to unseal the search warrant and an accompanying FBI property receipt. He also said that copies of both the warrant and the receipt were given to Trump's counsel, debunking claims that the former president's team did not get copies of the documents.

"Federal law, long-standing department rules, and our ethical obligations prevent me from providing further details as to the basis of the search at this time. There are, however, certain points I want you to know," Garland said.

"First, I personally approved the decision to seek a search warrant in this matter," he continued. "Second, the department does not take such decisions lightly."

Garland said they chose to file to unseal the documents in light of Trump's "public confirmation of the search, the surrounding circumstances, and the substantial public interest in this matter."

Copies of both the warrant and the FBI's receipt were provided "to the former president's counsel who was on-site during the search," Garland said.

The department said in its motion to unseal that it "did not make any public statements about the search, and the search apparently attracted little or no public attention as it was taking place."

But "later that same day, former President Trump issued a public statement acknowledging the execution of the warrant," the court filing said. "In the days since, the search warrant and related materials have been the subject of significant interest and attention from news media organizations and other entities."

Given those circumstances which involve a search of a former president's home, "the government hereby requests that the Court unseal" the warrant and FBI receipt, absent Trump's objections, the filing said.

Garland also said Thursday that the Justice Department tried using "less intrusive" methods to obtain the documents it eventually seized in the raid. The statement confirmed an earlier New York Times report saying that a grand jury subpoenaed Trump for the records in the spring.

Two people who were briefed on the documents, some of which were classified, told The Times that investigators believed some of the material was so sensitive and critical to national security that the Justice Department had no choice but to send FBI agents to retrieve them from Mar-a-Lago.

Following Monday's raid, Newsweek and The Wall Street Journal reported that an informant tipped authorities off that classified government documents may have been improperly stored at Mar-a-Lago.

Trump's longtime former lawyer and fixer, Michael Cohen, told CNN on Thursday that Trump likely feels "trapped" and fears that whoever tipped off the feds has more dirt on him.

This story is developing. Please check back for updates.

Read the original article on Business Insider

Mark Cuban says a tax on stock buybacks 'is a good idea' as repurchases reward investors for selling a company's shares

Thu, 08/11/2022 - 3:06pm
  • Mark Cuban believes that a provision of the Democrats' spending bill taxing buy backs is a good idea. 
  • The billionaire investor told Squawk Box that buybacks are no longer as tax rewarding as in the past. 
  • Cuban added that buying back shares rewards investors for "leaving and selling."

Mark Cuban thinks that a provision in the Democrats' spending bill that would tax stock buybacks is a good idea, as repurchases of stocks essentially reward investors for walking away from the stock. 

Buybacks, Cuban told CNBC's Squawk Box, act as a reward for "leaving and selling your stock instead of rewarding the people who are keeping your stock." He added that buybacks no longer provide the tax advantages they once did, and that companies have to decide between re-purchasing incentives and paying dividends, the latter he said was the way to reward holders of the stock. 

"No one's a fan of more taxes. But of all the taxes you're trying to create, a tax on buybacks is a good idea," Cuban said. 

Democrats added a new provision Wednesday to their tax and spending bill that calls for a 1% excise tax on stock buybacks, which is intended to help raise money for government climate spending and healthcare. The legislation would target public companies specifically, and faces a vote in the House of Representatives at the end of the week. 

Certain buybacks aren't targeted under the provision, including repurchases under $1 million per year or those tied to reorganizations and employee benefits. 

Read the original article on Business Insider

3 Advertising Trends to Watch in 2022

Thu, 08/11/2022 - 3:03pm

These are boom times for digital advertising. While the pandemic decimated the economy, the job market, and consumer confidence, it seems to have done little to quash a bonanza in digital ad spending. We forecast the US digital ad market will reach $239.89 billion this year, up 13.6% from 2021.

To help you stay ahead in 2022, we've compiled three trends in the advertising industry to keep your eye on.

Read the original article on Business Insider

The Fed won't slow its rate hikes because the economy is still strong enough to take more tightening, top economist Mohamed El-Erian says

Thu, 08/11/2022 - 2:52pm
  • The Fed won't slow down its rate hikes as the economy is strong enough to tolerate more tightening, Mohamed El-Erian said.
  • "I think the Fed is going to welcome the latest print, but it's not going to slow down in any significant manner," the top economist told CNBC.
  • He expects the next Fed rate hike to be "somewhere between" 50 and 75 basis points.

Investors shouldn't be too uplifted by signs of cooling inflation: the Federal Reserve likely won't slow down their rate-hiking regime because the economy is still strong enough to take more monetary tightening, top economist Mohamed El-Erian said.

Instead of pulling back, the central is going to have to "consolidate its gains," he said in an interview on CNBC, noting the July consumer price index came in better than expectations. "They can't celebrate."

Indeed, San Francisco Fed President Mary Daly said Wednesday that it was too early to "declare victory" on inflation.

"I think the Fed is going to welcome the latest print, but it's not going to slow down in any significant manner," El-Erian said.

He expects the next Fed rate hike to be "somewhere between" 50 and 75 basis points, saying that's still substantial given that the last two increases were 75 points. 

The July CPI report that showed cooling inflation as well as last week's payroll report that showed 528,000 new jobs were added last month indicate that Fed policymakers "can continue doing what they're doing because the underlying strength of the economy is still significant."

Read the original article on Business Insider


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