Former chairman and CEO of MGM Resorts International Jim Murren was named the chairman of the authority’s board of directors.
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The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.
Facebook along with its Instagram and WhatsApp platforms suffered a worldwide outage Monday that has extended more than three hours. Facebook’s internal systems used by employees also went down. Service has not yet been restored.
U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers.
Millions of Americans in the industries hit hardest by the viral pandemic face a tough road.
The recently discovered malfunction is different than the defect that led to at least 24 deaths and hundreds of injuries worldwide, though the result, like the earlier issue, also results in airbags that can explode and hurl shrapnel, killing or injuring people.
Bipartisan hostility against Facebook has been building for months, fueled by a series of privacy scandals, the site’s role in Russian meddling in the 2016 presidential campaign and accusations that Facebook crushes competitors.
Microsoft says hackers linked to the Iranian government have targeted a U.S. presidential campaign, as well as government officials, media targets and prominent ex-patriate Iranians.