Despite rampant inflation that has been increased by rampant government spending, President Joe Biden plans to highlight deficit reduction in remarks Wednesday at the White House. He will note that the government will pay down the national debt this quarter for the first time in six years. Biden plans to… Read More
Billionaires battle: Bezos hits Musk
Elon Musk’s purchase of Twitter did more than just shake up the world of social media. It also reignited a long-simmering feud between billionaires as Amazon.com founder Jeff Bezos asked a question suggesting Musk might be compromised by China. Bezos shared a tweet from New York Times reporter Mike Forsythe,… Read More
New pipeline may ease supply of Russian gas
Mountainous and remote, the Greek-Bulgaria border once formed the southern corner of the Iron Curtain. Today, it’s where the European Union is redrawing the region’s energy map to ease its heavy reliance on Russian natural gas. A new pipeline — built during the COVID-19 pandemic, tested and due to start… Read More
‘March Madness atmosphere’: Vegas economy lifted from pandemic
Nevada casinos reported near-record March house winnings, while the airport in Las Vegas reported passenger traffic almost as heavy as pre-pandemic levels and tourism officials marked another big jump in visitor volume. The state Gaming Control Board reported Thursday the $1.35 billion that casinos statewide reaped was just shy of… Read More
Musk sells $4B in Tesla shares, presumably to buy Twitter
Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging… Read More
Elon Musk laughed at this “sensitive” Tweet
Tesla CEO Elon Musk has angered Twitter’s left-wing employees by buying the company and promising to respect free speech. In response, The Babylon Bee, an outlet for news satire, tweeted a video mocking Twitter employees for their sensitivity. Urgent: Common prescription drug now linked to Alzheimer’s? [Sponsored] Then Twitter flagged… Read More
American economy unexpectedly shrinks 1.4 percent
The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists remain optimistic for a return to growth for the rest of 2022 based on the strength of the job market and consumer spending. The 1.4% quarterly… Read More
Twitter sees rapid growth in number of users
Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising but its quarterly report, released days after agreeing to be sold to billionaire Elon Musk, offered scant details about what it expects on the financial front for the rest of the year. The social media… Read More
Big Tech’s stock plunges, brining down the rest of Wall Street
After years of screaming higher, almost regardless of what the economy was doing, tech-oriented stocks are tanking and dragging down the rest of Wall Street. Many of these high-profile companies are still making billions of dollars in profits, and they continue to dominate the top of the rankings for most… Read More
New local law: Job postings must reveal the salary
Help wanted. The job: putting one of the nation’s most far-reaching salary disclosure laws into practice. Location: New York City. Just four months ago, city lawmakers overwhelmingly voted to require many ads for jobs in the nation’s most populous city to include salary ranges, in the name of giving job… Read More
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