Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier, the government said Thursday…. Read More
Activist investor pushes to join board of Disney Co.
Activist investor Nelson Peltz is fighting for a seat on the board of Walt Disney Co., claiming that the company is struggling with self-inflicted problems. Peltz’s attempt to join Disney’s board comes just months after the company brought back longtime CEO Bob Iger to lead Disney again. Disney urged shareholders… Read More
Biden admin blamed for massive airline screw-up
The Federal Aviation Administration experienced a computer outage early Wednesday morning and ordered all departing flights to remain grounded. The result was hundreds of cancelations and thousands of delays for passengers across the country. The agency lifted the grounding order just before 9 a.m. EST. Critis say the FAA acted… Read More
MegaMillions reaches stunning new $1.35 billion jackpot
The Mega Millions prize has grown again to an estimated $1.35 billion after there was no winner of the lottery’s latest giant jackpot. The numbers drawn late Tuesday night were: 7, 13, 14, 15, 18 and gold Mega Ball 9. Disturbing Plan to “TURN OFF” Your Money… [sponsored] The new… Read More
Spielberg triumphs at Tuesday’s rehabbed Golden Globes
The Golden Globes returned to the air Tuesday with a red carpet flush with celebrities, comedian Jerrod Carmichael as a hesitant emcee and top awards for Steven Spielberg’s “The Fabelmans” and Martin McDonagh’s “The Banshees of Inisherin,” as the beleaguered award show sought to rekindle its pre-pandemic and pre-scandal glamour…. Read More
World Bank warns of a global recession ‘perilously close’
The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned on Tuesday. In an annual report, the World Bank, which lends money to poorer countries for… Read More
Man accused of burglarizing Milwaukee Brewers clubhouse
A man passed out in the bushes outside the Milwaukee Brewers’ stadium after a game and, upon awakening, entered the team’s clubhouse and stole electronics, a credit card, team memorabilia and other items, according to a criminal complaint. The 25-year-old man was charged Dec. 14 with felony burglary, online court… Read More
Coinbase cuts 20% of staff amid new round of layoffs
Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year. The company cited adverse economic conditions and disruptions within cryptocurrency markets. [Study] Reverse COPD symptoms in 2 weeks [sponsored] Bitcoin has plunged almost 60%… Read More
Former McDonald’s CEO faces charges from SEC
Former McDonald’s CEO Stephen Easterbrook has been charged by federal regulators with making false and misleading statements to investors about the circumstances of firing by the burger giant in November 2019. Easterbrook was ousted for engaging in an inappropriate personal relationship with a McDonald’s employee in violation of company policy,… Read More
Nurses go on strike at two huge hospitals
Nurses at two of New York City’s largest hospitals went on strike Monday in a dispute over pay and staffing levels after a weekend of negotiations did not produce a deal for a new contract. The walkout involves as many as 3,500 nurses at Montefiore Medical Center in the Bronx… Read More
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