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Jay Powell warns US recession is 'certainly a possibility'

Jay Powell warns US recession is ‘certainly a possibility’

Jay Powell said a US recession is “certainly a possibility” and warned that avoiding a downturn now largely depends on factors outside the Federal Reserve’s control. In testimony to the Senate banking committee on Wednesday, the Fed chair acknowledged it was now more challenging for the central bank to root out soaring inflation while maintaining …

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After Poliovirus Is Found in London, UK Declares Emergency

After Poliovirus Is Found in London, UK Declares Emergency

Health authorities in Britain have declared a national incident after finding evidence suggesting local spread of poliovirus in London. No cases of polio have been identified so far, and the risk to the public is low. But health authorities urged anyone who is not fully immunized against poliovirus, particularly young children, to immediately seek vaccines. …

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Roger Goodell virtually testifies to the House Oversight Committee on Wednesday

Daniel Snyder to be subpoenaed for testimony? Recap of NFL hearing

WASHINGTON — NFL commissioner Roger Goodell testified before the House Oversight Committee on Wednesday as part of an investigation into the alleged toxic workplace environment within the Washington Commanders organization. At the center of the investigation is team owner Dan Snyder, who has been accused of several different instances of inappropriate workplace conduct. Rep. Carolyn Maloney (D-N.Y.), the Chairwoman …

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Geoff Keighley isn’t worried about E3 making a comeback

Geoff Keighley isn’t worried about E3 making a comeback

Geoff Keighley isn’t sure what E3 is anymore. Even before COVID forced the cancellation of the in-person version of the giant video game commercial masquerading as an industry trade show three years running now, the event was already a pale, big-three-publisher-less imitation of its former self. E3 is coming back. The organizers said so in …

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Elizabeth Warren to Fed chair Jerome Powell: Don't 'drive this economy off a cliff'

Elizabeth Warren to Fed chair Jerome Powell: Don’t ‘drive this economy off a cliff’

During a Senate Banking Committee hearing on Wednesday, Democratic Senator Elizabeth Warren urged Powell to proceed with rate hikes cautiously and avoid setting off a recession that costs millions of jobs. Warren asked Powell if Fed rate increases will lower gas prices, which have hit record highs this month. “I wouldn’t think so,” Powell said. …

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Businessman Tied to China Alibaba Rape Case Gets 18 Months

Businessman Tied to China Alibaba Rape Case Gets 18 Months

When a young female employee at Alibaba, one of China’s biggest technology firms, accused her manager and a company client of sexually assaulting her after an alcohol-fueled work dinner last summer, it seemed like a turning point for the country’s fledgling #MeToo movement. Months later, it had not played out that way. In September, prosecutors …

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Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage. FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to …

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Quantum sensor can detect electromagnetic signals of any frequency

Quantum sensor can detect electromagnetic signals of any frequency

MIT researchers have developed a method to enable quantum sensors to detect any arbitrary frequency, with no loss of their ability to measure nanometer-scale features. Quantum sensors detect the most minute variations in magnetic or electrical fields, but until now they have only been capable of detecting a few specific frequencies, limiting their usefulness. Credit: …

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