Author: Press Room

“The customers were saying someone was shooting. I just stood there, not sure what to do. I was shaken and scared,” said the 48-year-old.   “I left the storefront and just stayed inside my house. I locked the door and didn’t emerge. The road was empty. There were no kids, nobody, only big vehicles of the authorities driving past.” Thongmuan also rushed her 21-year-old daughter inside the house, along with her son-in-law.  “I feel speechless. I feel so sorry for the kids. They didn’t know anything. How could he do that?“ she said.  “I still get startled. It wouldn’t go…

The earthquake triggered by the new UK government’s tax-cutting, free-spending “fiscal event” late last month has just about finished shaking markets. The Bank of England’s renewed bond purchases have helped quell the mayhem in UK government bonds, and its hints of hefty interest rate increases in the pipeline have buttressed sterling. The pound now stands at $1.13, roughly the same level as before Kwasi Kwarteng, the chancellor, unveiled the “mini” Budget with a “maxi” impact. The government’s volte-face on the 45p tax rate cut and a vow to accelerate a debt reduction plan have contributed to a fragile financial calm.Still,…

Melatonin may seem like a harmless sleep aid, but the supplement is increasingly sending kids to the hospital. Now experts are warning parents to be more cautious about giving their kids and teens melatonin.While there is some evidence that people can use melatonin, a natural hormone, to manage some sleep issues (such as jet lag), there isn’t as much clear value to using melatonin to help kids or adults fall asleep more quickly, Dr. M. Adeel Rishi, vice chair of the American Academy of Sleep Medicine Public Safety Committee, said in a press release.The use of melatonin has been steadily…

Sex and The City’s Carrie Bradshaw (portrayed by Sarah Jessica Parker) is no stranger to bold fashion statements. This is the fictional figure who wore men’s shirts as dresses and giant bird feathers on her head! In the reboot series, And Just Like That, Carrie’s closet has only gotten even more experimental—right down to the vintage Jean Paul Gaultier suits and her babushka-style headscarves. Now that the HBO show is currently filming its second season, Parker just shared a sneak peek at what we can expect from Carrie’s style once again—and it appears she’ll be rocking some of her boldest…

Anatoly Yakovenko, co-founder of Solana Labs, believes that the current crypto bear market may last for another 12 to 18 months. Speaking on the GM Podcast, the creator of the Solana blockchain attributed his expectation to the Fed rate hike influenced macroeconomic environment. He however anticipates that like was evident in other bear markets, projects that focus on building during this brutal period will come out successful in the end. “Looking at macro stuff, my guess is there’s probably 12 to 18 months more of this brutal Fed rates going up. But there is an end to it. And just like the last…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The White House isn’t very happy with OPEC’s decision to slash oil production by 2 million barrels per day. Consumers won’t be big fans either, as the move will likely send gas prices higher. But there’s one big winner coming out of the ordeal: Oil stocks. What’s happening: The cartel of major oil producers and its allies, led by Saudi Arabia and Russia,…

CNN  —  The Nobel Peace Prize, one of humanity’s most coveted accolades, was jointly awarded today to human rights activist Ales Bialiatski, the Russian human rights organization Memorial, and the Ukrainian human rights organization Center for Civil Liberties. This year’s announcement ranked among the most closely watched – and complicated – decisions made by the Nobel Committee in recent times due to Russia’s ongoing conflict in Ukraine. Here’s what else you need to know to Get Up to Speed and On with Your Day. (You can get “5 Things You Need to Know Today” delivered to your inbox daily. Sign…

Travel chaos was everywhere this summer, with airports across Europe struggling to meet increased demand after letting so many staff go at the height of the pandemic.The staff shortages resulted in miles-long queues and thousands of passengers missing their flights.One of the ways airports have tried to keep passenger numbers manageable is with passenger caps.In mid July, London’s Heathrow airport decided to limit the number of departing passengers to 100,000 per day.Earlier this week they announced they would be lifting their cap at the end of October.But while airports may be getting back to pre-pandemic flight numbers, staff shortages continue.…

Add Nike to the list of brands and stores discounting excess merchandise to clear it off shelves. Nike (NKE) said Thursday its inventory levels soared 65% in North America, its largest market, and 44% overall last quarter from a year ago. After navigating limited supply in 2021 Nike is now carrying far too much product, particularly when it comes to clothing. “We effectively have a few seasons landing in the marketplace at the same time,” creating a glut, Nike CEO John Donahoe said on a call with analysts Thursday. Donahoe explained that when Nike factories in Vietnam and Indonesia had…

UK house price growth cooled in September as a rise in borrowing costs reduced affordability, even before the market was hit by a recent surge in mortgage rates, according to new data. Average house prices fell 0.1 per cent between August and September, pushing down the annual rate of growth to 9.9 per cent, from 11.4 per cent in the previous month, the mortgage lender Halifax said on Friday. The cost of a typical home fell to £293,835 last month, from a record high of £293,992 the previous month.House prices have been flat since June, after rising more than £10,000…