Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation under President Joe Biden’s administration are likely to be slow and bumpy. It’s a persistent problem for the White House heading into re-election — and Biden’s… Read More
Fox News makes sudden bizarre shift…
Fox News Channel has suffered a television ratings collapse since former host Tucker Carlson departed in early April. For years, Fox was easily the most-watched cable news channel and dwarfed liberal rivals MSNBC and CNN. Now FNC is in second-place in primetime behind MSNBC, after losing almost half their viewers… Read More
Judge seems skeptical of Tiger Woods’ ex-girlfriend’s claims
A Florida judge appeared skeptical Tuesday to arguments made by an attorney for superstar golfer Tiger Woods’ ex-girlfriend Erica Herman, who is trying to invalidate a nondisclosure agreement that would require the ongoing legal disputes between the two be decided privately by an arbitrator. During a 45-minute hearing, Circuit Judge… Read More
Conservative star does incredible Bud Light experiment
The boycott of Anheuser-Busch InBev (NYSE:BUD) beer — specifically Bud Light — has been extremely effective. After Bud Light waded into the culture war by endorsing transgender activist Dylan Mulvaney in April, sales numbers have crashed. It has gotten so bad, you can’t even give away Bud Light for free…. Read More
Layoff bloodbath! LinkedIn cuts staff and closes China office
Professional networking platform LinkedIn says it’s laying off more than 700 workers and shuttering its China jobs app, in the latest round of tech industry downsizing. LinkedIn blamed “shifts in customer behavior and slower revenue growth” for the cuts, which it announced in a blogpost late Monday. BREAKING: Memory loss… Read More
Investors count on bonds this year, following 2022’s low point
Suddenly, bonds are again living up to their reputation as the safe part of an investor’s portfolio. As stocks sank worldwide over the last week on worries about the banking system following the second- and third-largest U.S. bank failures in history, bonds shot up in price. That offered some protection… Read More
FTX founder Sam Bankman-Fried pushes for dismissal of indictment
FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets dubbed the “crypto winter.” Lawyers for the onetime head of… Read More
Indiana judge hampers the state’s lawsuit against TikTok
An Indiana judge has ruled that downloading the free social media app TikTok doesn’t amount to a consumer transaction under state law, dealing a blow to the state attorney general’s lawsuit claiming the Chinese-owned video-sharing platform misleads its users about the level of inappropriate content and security of consumer information…. Read More
Facebook has 3 billion users, even as younger users log off
Facebook says it is not dead. Facebook also wants you to know that it is not just for “old people,” as young people have been saying for years. Now, with the biggest thorn in its side — TikTok — facing heightened government scrutiny amid growing tensions between the U.S. and… Read More
Hollywood, TV shows grind to halt over writers’ strike
The union representing 11,500 writers of film, television and other entertainment forms are now on strike. It’s the first writers’ strike — and the first Hollywood strike of any kind — in 15 years. Here’s a look at the storylines the fight has spawned. WHY ARE THE WRITERS STRIKING?… Read More
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