BUSINESS

Goldman Sachs warns of $1.2B loss from consumer unit: report

Goldman Sachs’ consumer banking unit — which Chief Executive David Solomon previously has likened to Amazon’s cloud computing juggernaut AWS for its growth potential — will suffer hefty losses this year, according to a report. The consumer bank, known as Marcus, will lose more than $1.2 billion in 2022 according to the bank’s internal projections, …

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Three Panthers to Compete at Women's World Championship

Three Panthers to Compete at Women’s World Championship

Story Links TOWSON, MARYLAND – Pitt’s blue and gold will be well represented in Maryland this week at the 2022 World Lacrosse Women’s World Championships as head coach Emily Boissonneault (Canada), defender Abby Thorne (Australia), and defender Allyson Trice (Haudenosaunee) will compete in the high profile international competition. Boissonneault will play for her native Canada, …

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$3 trillion in savings may push the Fed to keep raising rates: economist

Americans were sitting on $815.3 billion worth of savings as of April. This may be good news for consumers individually, but bad news for the Federal Reserve, whose efforts to slow inflation could be delayed by this extra pile of cash lying around. “The problem is there is so much cash on household sector balance …

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Prosecutor in SD Attorney General Impeachment Given the Job | Political News

PIERRE, SD (AP) — South Dakota Gov. Kristi Noem has appointed the lead prosecutor in the Senate impeachment trial against former Attorney General Jason Ravnsborg to fill the remainder of Ravnsborg’s term. Noem’s appointment of Pennington County State’s Attorney Mark Vargo as attorney general was effective Tuesday. “Mark Vargo returns integrity, experience and stability to …

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Mustard shortage? Kraft Heinz and French's don't expect U.S. consumers to find empty shelves

Mustard shortage? Kraft Heinz and French’s don’t expect U.S. consumers to find empty shelves

A new global shortage is brewing in the condiments section, thanks to climate change and hotter temperatures. Driving the news: Hot off of the sriracha shortage, there are reports of mustard shortages in France because of bleak mustard seed harvests in Canada, and global mustard supplies are now in jeopardy, UK-based The Independent reports. Yes, …

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11 Most Livable Cities in the World: 2022

The 2022 edition of the Economist Intelligence Unit’s global livability index has normalized after two years of pandemic-related restrictions that turned the ranking on its head. The top 10 cities on this year’s index are among those with few restrictions. Shops, restaurants, museums and schools have reopened, and pandemic-led hospitalization has declined, leading to less …

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