Hollis Johnson / Business Insider Microbiome-testing startup uBiome is laying off 114 employees on Wednesday, or about half its staff. uBiome was founded in 2012 and raised $105 million from investors to explore the microbiome, a "forgotten organ." The FBI raided uBiome’s headquarters in April, reportedly related to the company’s billing practices. Two months later, all […]
The head of U.S. Soccer mispronounced Megan Rapinoe’s name at the World Cup trophy parade, and she danced it off
Kathy Willens/AP Carlos Cordeiro, the president of U.S. Soccer, mispronounced Megan Rapinoe’s name at the U.S. Women’s National Team’s World Cup trophy parade. Rapinoe smirked, then got up and began dancing, all while her teammates on stage started cheering her on. Cordeiro addressed the calls for equal pay between the U.S. men’s and women’s team, […]
The stage is set for the Federal Reserve to slash interest rates this month
Photo by Mark Wilson/Getty Images Wall Street is all but certain that the end of the Federal Reserve’s three-year hiking campaign is here. The only question left seems to be: How low will borrowing costs go this month? The market held onto expectations that policymakers will lower the benchmark interest rate by 25 basis points. […]
Fed’s Powell explains why a return to the gold standard would be so damaging to the economy
Powell told Congress that he doesn’t think a return to the gold standard in the U.S. would be a good idea. Source: Business News –
Jeffrey Epstein, Donald Trump, and the Powerful Men Who Get Away With It
For all the overdue justice of the Me Too movement, countless men like Jeffrey Epstein continue to be scrutinized and then…exonerated. Source: Glamour – Molly Jong-Fast
Richard Branson’s Virgin Orbit gets one step closer to launching satellites from a 747 airplane
Sir Richard Branson’s other space company Virgin Orbit completed a key test of its Boeing 747-based launch system on Wednesday. Source: Business News –