Sunday, May 19, 2024
Happening Now

Author Archives: Stonecom Interactive

How Russia is weathering international sanctions

As the conflict in Ukraine rages on, Russians are dealing with hefty international sanctions. However, it appears that sanctions have done little to slow Russia’s invasion. CBS News’ Carter Evans spoke with Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics, about how Russians are weathering the sanctions. Source Read More »

President Biden talks inflation and the state of the economy

President Biden spoke Thursday with The Associated Press about inflation and the state of the U.S. economy, and held a meeting with Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer on economic issues. CBS News senior White House and political correspondent Ed O’Keefe joins “Red and Blue” to discuss this and more. Source Read More »

MoneyWatch: Stock market drops as mortgage rate climbs

U.S. stocks fell sharply on Thursday, pushing the Dow Jones below 30,000 for the first time since January 2021. Meanwhile, mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve hiked interest rates to tame inflation. Bartie Scott, a senior economy editor for Business Insider, joins Carter Evans to discuss. Source Read More »

Cosmetics giant Revlon files for bankruptcy

Revlon filed for bankruptcy as the cosmetics giant struggles with supply chain issues, a steep drop in sales during the pandemic and competition from celebrities like Kylie Jenner and Rihanna, who have their own cosmetic lines. Source Read More »