The Biden administration plans to ask the Supreme Court to reinstate the president’s student debt cancellation plan, according to a Thursday legal filing warning that Americans will face financial strain if the plan remains stalled in court when loan payments are scheduled to restart in January. The Justice Department is… Read More
Ticketmaster cancels Taylor Swift sale due to unprecedented demand
Ticketmaster says it is canceling Friday’s planned general public sale for Taylor Swift’s upcoming stadium tour because it doesn’t have enough tickets. The decision came two days after a presale event caused the site to crash and left many fans without tickets. The ticketing company said in a statement Thursday… Read More
Western US localities to remove decorative grass amid drought
A group of 30 agencies that supply water to homes and businesses throughout the western United States has pledged to rip up lots of decorative grass to help keep water in the over-tapped Colorado River. The agreement signed Tuesday by water agencies in Southern California, Phoenix and Salt Lake City… Read More
Elon Musk testifies in lawsuit over Tesla compensation package
Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk denied that he dictated terms of the compensation package or attended any… Read More
Consumer watchdogs push for big changes to digital-only coupons…
A coalition of consumer groups is asking grocery chains to rethink their digital-only coupons, saying the deals discriminate against people who don’t have smartphones or reliable internet access. Digital-only deals __ advertised online or on store shelves __ can offer significant savings, but they generally require customers to electronically clip… Read More
Mortgage rates tumble to 6.61% after hitting 7% earlier this year
The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months. Mortgage buyer Freddie Mac reported Thursday that the average on the key… Read More
Elizabeth Homes to face ruling on her 15-year sentence
A federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. Holmes’ sentencing in the same San Jose, California, courtroom where she was convicted on four counts of investor fraud… Read More
Brendan Fraser won’t attend Golden Globes because of this sex scandal
Brendan Fraser, whose performance in “The Whale” has made him a likely awards candidate this year, says he won’t attend the Golden Globes in January if he’s nominated. In 2018 , Fraser said that the was groped by longtime Hollywood Foreign Press Association member Philip Berk, a former president of… Read More
Thanksgiving prices will gobble your budget this year
Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. The U.S. government estimates food prices will be up 9.5% to 10.5% this year; historically, they’ve risen only 2% annually. Lower production and higher costs… Read More
Musk addresses the critics at Monday summit
It’s not easy being Elon Musk. That was the message the new Twitter owner and billionaire head of Tesla and SpaceX had for younger people who might seek to emulate his entrepreneurial success. “Be careful what you wish for,” Musk told a business forum in Bali on Monday when asked… Read More
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