House Speaker Kevin McCarthy defeated Rep. Chip Roy, R-Texas… and Roy’s hard-right House Freedom Caucus allies were paper tigers this week. Lead by Roy, the House Freedom Caucus tried to scuttle McCarthy’s deal with Democrats that will balloon the debt level of the United States by $4 trillion. Sponsored: Deadliest… Read More
Employers add 339,000 jobs, but unemployment ticks up
The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool. Friday’s report from the government reflected the job market’s resilience after more than a year of… Read More
Financial watchdog issues warning about Venmo
Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned Thursday. The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and… Read More
Why Britain is talking about Boris Johnson’s WhatsApp messages
Critics accuse the British administration of running “government by WhatsApp” because of the popularity of the messaging app with politicians and officials. So it feels inevitable that a tussle over WhatsApp messages is at the heart of Britain’s official inquiry into how the country handled the COVID-19 pandemic. Sponsored: Deadliest… Read More
Top Dem caught in huge new stock scandal
by Frank Holmes, reporter A sordid financial scandal involving allegations of insider trading and abuse of office has around a rising force in the Democratic Party. To make things worse, he campaigned as someone who would wipe out corruption. Rep. Dan Goldman, D-N.Y., has added to his family fortune with… Read More
FTC hits Amazon with $25 million fine for violating child privacy
Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids’ voice and location data recorded by its popular Alexa voice assistant. Separately, the company agreed to pay $5.8 million in… Read More
Europe sees inflation drop to 6.1%, but prices remain elevated
Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. The annual figure in May eased from 7% in April for the 20… Read More
Diamond Sports to stop broadcasting Padres games
Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payment to the regional sports network’s parent company and let the grace period expire. Diamond Sports, which owns 19 networks under the Bally Sports banner, said in a statement… Read More
HBO reports big ratings for Sunday night’s ‘Succession’ finale
HBO said 2.9 million people watched or streamed the series finale of “Succession” on Sunday night, a series record that is expected to grow as delayed viewing is taken into account. That beat the first-night record of 2.75 million for an episode that aired on April 30, earlier in the… Read More
Tech executives issue joint warning about AI
Scientists and tech industry leaders, including high-level executives at Microsoft and Google, issued a new warning Tuesday about the perils that artificial intelligence poses to humankind. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement… Read More
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