Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. “The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain,” Powell said in testimony to the Senate Banking […]
Market takes sudden downturn
Declines in technology stocks are dragging the broader market lower Tuesday as investors remain increasingly focused on a big tick up in bond yields and what it means for the overall market. Major indexes pared a good part of their losses by the afternoon. The S&P 500 index was down 0.8 % as of 12:25 […]
Airplane that lost engine to be grounded
Boeing has recommended that airlines ground all 777s with the type of engine that blew apart after takeoff from Denver this weekend, and most carriers that fly those planes said they would temporarily pull them from service. The U.S. Federal Aviation Administration ordered United Airlines to step up inspections of the aircraft after one of […]
Dominion Voting Systems heads to court
Dominion Voting Systems is heading to court. The company was accused by critics of rigging the 2020 general election — and said they’re ready to prove those accusations were false in a court of law. One of their first tests: Mike Lindell, the CEO of MyPillow. Sponsored: Nobody In The U.S. Is Talking About This […]
After deadly freeze, Texans face huge bills
After unusual icy weather left millions of Texans without power, some are facing another crisis: Sky-high electricity bills. The surge in pricing is hitting people who have chosen to pay wholesale prices for their power, which is typically cheaper than paying fixed rates during good weather, but can spike when there’s high demand for electricity. […]
Big things coming to Walt Disney World
Walt Disney World in Florida turns 50 in October. To help celebrate, Mickey Mouse and Minnie Mouse will be wearing flashier threads and iconic structures such as the Cinderella Castle and the golf-ball-like Spaceship Earth are getting new lighting, Disney officials said Friday while unveiling the first details of how the massive theme park resort […]
Explained: Australia vs. Facebook
For two decades, global news outlets have complained internet companies are getting rich at their expense, selling advertising linked to their reports without sharing revenue. Now, Australia is joining France and other governments in pushing Google, Facebook and other internet giants to pay. Widen Arteries 32% With THIS [sponsored] That might channel more money to […]
Man busted in $90 million cryptocurrency scheme
An Australian man pleaded guilty Thursday to securities fraud for cheating investors of over $90 million by squandering money they spent on his cryptocurrency fund, prosecutors said. [Sponsored] Revealed: The REAL source of age-related memory loss (not what you think) Stefan He Qin, 24, entered the plea to a single count of the fraud charge […]
Hunter Biden cashing in on dad’s presidency
Hunter Biden, son of President Joe Biden and an ongoing target for conservatives, has already started to cash in on his father’s presidency. Wasting no time, Biden has announced he’s releasing a book in April. Sponsored: The ONLY Water You Should Drink If You’re 65+ The memior is called “Beautiful Things” and will center on […]
Jeff Bezos abruptly leaves Amazon
One of the most powerful men on the planet is stepping away from his empire. But even after stepping aside as CEO, Amazon founder Jeff Bezos appears likely to keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail its power. Weird tongue technique […]
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