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Osom Products, makers of the Solana Saga blockchain phone, to shut down

Osom Products Inc. — the mobile phone company founded by former employees of Essential, which shut down after releasing a single phone — is reportedly shutting down this week, having released a single phone. The news comes shortly after Osom’s former chief privacy officer sued the company, claiming that it’s out of money after its CEO used business funds to …

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JPMorgan top economist says Fed should cut rates by half point

Michael Feroli, chief U.S. economist of JPMorgan Securities, listens during a Bloomberg Television interview in New York on March 6, 2018. Christopher Goodney | Bloomberg | Getty Images The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli. “We think there’s a good case that they should get back to …

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