Walmart sees high inflation sticking around this year

FAN Editor

Walmart said on Wednesday that it expects stubborn inflation to continue weighing on its business this year as it prepares to lay off thousands of employees. “We’re assuming that this year is going to be somewhat anomalous,” Chief Financial Officer John David Rainey said at the company’s investor meeting, according […]

Catan board game creator Klaus Teuber dead at 70

FAN Editor

The creator of the popular settlement-building board game Catan has died at 70 following a brief illness, his family announced Wednesday.  Klaus Teuber’s game, which launched as The Settlers of Catan in 1995, has gone on to sell more than 40 million copies worldwide, its website says.  “It is with […]

Banking crisis may lead to recession: Fannie Mae

FAN Editor

Due to recent bank closures and the Federal Reserve’s ongoing tightening of monetary policy to cool off inflation, experts now expect a recession to emerge in the second half of 2023, according to analysis by Fannie Mae’s Economic and Strategic Research (ESR) Group. Prior to the pressure on the banking […]