The Horn News

Proudly American, Fiercely Independent

Pentagon admits to $6.2 billion accounting error Tuesday

The Pentagon said Tuesday that it overestimated the value of the weapons it has sent to Ukraine by $6.2 billion over the past two years — about double early estimates — resulting in a surplus that will be used for future security packages. Pentagon spokeswoman Sabrina Singh said a detailed… Read More

Wall Street inches higher on Friday

Stocks turned slightly higher in afternoon trading on Wall Street Friday as investors look to extend the market’s longest winning streak in a year. The S&P 500 rose 0.1% after wobbling between small gains and losses earlier in the day. The benchmark index is headed for its sixth consecutive weekly… Read More

Michael Jordan sells his NBA team

Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, the franchise announced Friday, leaving the 30-team NBA without any Black majority ownership. Jordan is selling to a group led by Gabe Plotkin and Rick Schnall, the Hornets said. Plotkin has been a minority stakeholder… Read More

$1.7 billion iRobot deal approved by regulators

British antitrust regulators cleared Amazon’s purchase of robot vacuum maker iRobot on Friday, but the $1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and Markets Authority said it decided not to escalate its initial investigation because it concluded that the deal would not result… Read More

Starbucks pays $25 million for racism against white employee

Jurors in federal court have awarded $25.6 million to a former Starbucks regional manager who alleged that she and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018. Shannon Phillips won $600,000 in compensatory damages and $25 million in… Read More

Conservatives score massive victory over “woke”

After more than two decades as America’s best-selling beer, Bud Light has slipped into second place — a massive victory for conservative consumers that vowed to boycott the brand after it started “woke” advertising. Modelo Especial, a Mexican lager, overtook Bud Light in U.S. retail dollar sales in the month… Read More

Former billionaire can’t afford $250 a month, lawyers say

Federal prosecutors want Elizabeth Holmes to pay $250 each month to victims of her failed blood testing startup after she leaves prison, but her attorneys are pushing back citing “limited financial resources” available to the disgraced founder of Theranos. The U.S. filed a motion last week asking the court to… Read More

Outage of Amazon cloud services causes some websites to go dark

Amazon’s cloud computing unit Amazon Web Services is experiencing an outage, affecting publishers including The Associated Press. They suddenly found themselves unable to operate their sites as former President Donald Trump appeared in court in Miami. The company said on its website that the root cause of the issue was… Read More

Instant Pot maker seeks bankruptcy protection as sales dwindle

The maker of Pyrex glassware and Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation, with Americans pulling back on spending. According to a filing with the U.S. Bankruptcy Court for the Southern District of Texas this week, Instant… Read More