The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The ECB hiked rates by half a percentage… Read More
Honda recalls half a million vehicles amid safety issue
Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly. The recall covers some of the automaker’s top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 Accord, the 2018 through 2020 Odyssey and the 2019 Insight. Also… Read More
Gavin Newsom wine scandal erupts over Silicon Valley Bank bailout
On Sunday, California Gov. Gavin Newsom praised the White House for announcing a plan to protect all Silicon Valley Bank’s depositors. Hours later, a wine-soaked scandal erupted. “The Biden Administration has acted swiftly and decisively to protect the American economy and strengthen public confidence in our banking system,” Newsom said… Read More
MLB umpires to have a new view… on Zoom?!
Umpires will have a new view this season: on Zoom. Major League Baseball struck a deal with Zoom Video Communications Inc. allowing on-field umpires to watch videos being evaluated by the replay operations center during contested calls. Sponsored: The truth about marijuana and pain MLB first adopted instant replay in… Read More
Bank run fears spread globally; markets shutter
Worries about a spreading banking crisis and how badly it will hit an already fragile economy caused markets to shudder Wednesday, as stocks fell and bond yields tumbled on both sides of the Atlantic. The S&P 500 was 1% lower in afternoon trading, while markets in Europe fell more sharply… Read More
Facebook sees a second round of mass layoffs
Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The company announced 11,000 job cuts in November, about 13% of its workforce… Read More
Kevin Hart rebrands after new deal with radio
Kevin Hart will keep his comedic candor going with SiriusXM. But this time he’ll bring along more recognizable figures from outside the comedy realm. The satellite radio company announced Wednesday that it has signed Hart and his entertainment company, Hartbeat, to a multi-year deal. As part of the deal, the… Read More
The nation’s new favorite dog breed is…
For the first time in three decades, the U.S. has a new favorite dog breed, according to the American Kennel Club. Adorable in some eyes, deplorable in others, the sturdy, push-faced, perky-eared, world-weary-looking and distinctively droll French bulldog became the nation’s most prevalent purebred dog last year, the club announced… Read More
These 2 tweets about SVB bailout are simply perfect
After the sudden collapse of Silicon Valley Bank, California Democratic Rep. Maxine Waters started furiously working the phones to find out what was going on with the failed lender — and what would happen to its panicked depositors. The bailout had begun. Waters, former chair of the House Financial Services… Read More
San Francisco eyes huge $5 million in reparations per Black resident
Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family. These are just some of the recommendations made by a city-appointed reparations committee… Read More
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