The U.S. Federal Trade Commission is suing the operators of LA Fitness, over allegations that they make it “exceedingly difficult” for consumers to cancel gym memberships and other related services offered in their clubs nationwide. In a Wednesday complaint, the FTC accused Fitness International and its subsidiary Fitness & Sports… Read More
Target CEO abruptly steps down amid company struggles
Target is counting on a company veteran to revive its magic as it struggles to compete with rivals like Walmart. The Minneapolis-based retailer said Wednesday that Chief Operating Officer Michael Fiddelke, who has been with Target for 20 years, will become CEO Feb. 1. He succeeds Brian Cornell, who helped… Read More
MSNBC announces network is changing its name
Television’s MSNBC news network is changing its name to My Source News Opinion World, or MS NOW for short, as part of its corporate divorce from NBC. The network, which appeals to liberal audiences with a stable of personalities including Rachel Maddow, Ari Melber and Nicole Wallace, has been building… Read More
[VIDEO] Nancy Pelosi’s insider trading moves exposed on live TV
Are former House Speaker Nancy Pelosi’s days of cashing in big on the stock market over? They could be as long as she’s continuing to show up to work on Capitol Hill. Treasury Secretary Scott Bessent said during an interview with “Bloomberg Surveillance” last week that he will begin advocating… Read More
Priscilla Presley, former wife of Elvis, sued for $50 million
Priscilla Presley’s former business partners have filed a lawsuit seeking more than $50 million in damages, alleging fraud and breach of contract. Brigitte Kruse and Kevin Fialko filed the lawsuit Monday in Los Angeles Superior Court. Among many other allegations, they say Presley used them to financially exploit her name,… Read More
Social Security Act turns 90; where’s it headed next?
When President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago this week, he vowed it would provide economic stability to older people while giving the U.S. “an economic structure of vastly greater soundness.” Today, the program provides benefits to almost 69 million Americans monthly. It’s… Read More
The numbers don’t lie: Dems in trouble
The Democratic Party faces an unprecedented crisis heading into the 2026 midterm elections, with new polling showing the party’s favorability ratings have collapsed to the lowest levels ever recorded. Meanwhile, Republicans have built a massive fundraising advantage that could cement their control of Congress. A new CNBC survey reveals the… Read More
US national debt reaches jaw-dropping record $37 trillion
The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation’s daily finances. The national… Read More
MLB star Shohei Ohtani sued for $240 million in real estate scandal
A Hawaii real estate investor and broker are suing Shohei Ohtani, claiming the Los Angeles Dodgers star and his agent got them fired from a $240 million luxury housing development on the Big Island’s coveted Hapuna Coast that they brought him in to endorse. According to the lawsuit filed in… Read More
Iconic photography company Kodak going out of business?
The more than 130-year-old Eastman Kodak Co. is cautioning that there’s “substantial doubt” about its ability to stay in business, saying it may have difficulty meeting upcoming debt obligations. Shares of the photography company slid more than 13% in early trading Tuesday. “Kodak has debt coming due within 12 months… Read More
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