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Stocks Fall After Powell’s Taper Comments

The Federal Reserve chair, Jerome Powell, said on Tuesday that persistent inflation may require a more aggressive approach by the central bank. Wall Street was already uneasy.  » mehr lesen

Lululemon Sues Peloton Over Patent Infringement

Lululemon accused Peloton, the fitness company best known for its stationary bikes, of infringing on patents for a new line of leggings and sports bras.  » mehr lesen

Eurozone inflation hits a record high of 4.9 percent.

Driven by soaring energy costs, the annual rate for November was the highest since 1997.  » mehr lesen

‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis

President Recep Tayyip Erdogan’s insistence on directing monetary policy and sticking with low interest rates is draining confidence, economists say.  » mehr lesen

Movie Attendance Is Still Down. Some People May Never Return.

Nearly half of the prepandemic audience hasn’t returned, research shows, and 8 percent may be gone forever.  » mehr lesen

Investors Snap Up Metaverse Real Estate in a Virtual Land Boom

Transactions for properties in digital realms are jumping, guided by the same principle in the physical world: location, location, location.  » mehr lesen

Chris Cuomo Played Outsize Role in Andrew Cuomo’s Defense

Chris Cuomo, the CNN host, participated in strategy discussions and shared a tip on at least one woman who had accused his brother, Andrew Cuomo, of sexual harassment.  » mehr lesen

Omicron Increases Inflation Uncertainty, Fed Chair Will Tell Lawmakers

Jerome H. Powell, who will appear before the Senate Banking Committee on Tuesday, also plans to tell lawmakers that price gains could last well into 2022, according to prepared remarks.  » mehr lesen

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