Federal Reserve Is Set To Cut Interest Rates For The First Time In 4 Years

Trump’s victory brings a big dose of uncertainty for the retail industry. Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy.

The Biden administration tried to project confidence in the early days of COP29, but all signs point to a reduced U. S. role. As dozens of heads of state arrived in Azerbaijan for the annual United Nations climate talks this week, one absent world leader’s name was on everyone’s lips. At press conference after press conference, questions arose about the election of Donald Trump.

ENGLEWOOD — Greg Maffei is stepping down as president and chief executive of Liberty Media, the company that owns Formula 1. Liberty Media said Wednesday that Maffei would leave his role when his contract expires at the end of the year and become an adviser. The company’s 83-year-old chairman, John Malone, will be the interim CEO. “While it’s never easy to leave an organization as dynamic as Liberty, I am confident that this is the right time,” Maffei, 64, said in a statement. He was a leading figure in the takeover of F1 in 2017 from long-time rights holder Bernie Ecclestone.

Social media influencers are pushing the therapy as a miracle pill. But health experts are warning of the risks. Social media does a very good job of introducing us to new trends, whether it’s Gen Z slang or a new health-focused tool that could make our lives better. But just because something goes mega-viral and accumulates a lot of praise doesn’t necessarily mean it’s a good habit or behavior that we should widely adopt.

The ride isn’t over for The Pro’s Closet. The Louisville-based used bike retailer shuttered last month, despite having raised nearly $100 million from investors. But a private equity firm that bought the company’s intellectual property has rebooted it with the help of former employees. “We were helping them wind down,” said Justin England, the chief revenue officer of what he calls TPC 2.0.

Amsterdam-based startup Sympower has secured €21mn as it looks to scale its grid-balancing technology. Sympower partners with businesses that use a large amount of electricity. It gains access to some of their energy assets and can turn them on and off when the grid requires balancing — a process called demand response.