In a sudden turn of events that has sent shockwaves through the media industry, CBS News president Ingrid Ciprián-Matthews announced her resignation Wednesday, ending a controversy-laden tenure that lasted less than a year. The abrupt departure comes as CBS’s parent company, Paramount Global, prepares for a complex merger with Skydance… Read More
Retail giant Sam’s Club slashing popular member perk
With nearly 69 million members nationwide, retail giant Sam’s Club is one of the country’s most popular — and coveted — retail outlets. But loyal Sam’s Club members are about to lose one of the biggest perks of being a member — and loyal members are not happy. Beginning August… Read More
Nancy Pelosi’s latest stock market move stuns observers
Former House Speaker Nancy Pelosi, D-Calif., and her husband have against ignited the debate over whether members of Congress and their families should be allowed to enrich themselves on the stock market using insider information. For decades, critics argue that U.S. lawmakers’ access to sensitive information creates an unfair advantage… Read More
Abigail Disney breaks with Biden campaign
In the wake of last week’s terrible presidential debate by President Joe Biden, a growing chorus of high-profile Democratic donors are calling for Biden to withdraw from the 2024 race — led by heiress Abigail Disney. The debate sent shockwaves through the Democratic Party and is threatening to reshape the… Read More
Arkansas sues popular fashion retailer Temu
Arkansas’ attorney general is warning Americans who shop the popular Chinese-based Temu to be careful. Last week, Arkansas AG Tim Griffin is suing the Chinese fast-fashion retailer Temu over what he alleges are the company’s “deceptive tactics” that are harming consumers. According to a report from Fox Business, Griffin claimed… Read More
For Sale: NBA Champions Boston Celtics
In a surprising move following their recent NBA championship victory, the ownership group of the Boston Celtics has announced its intention to sell the team. Boston Basketball Partners LLC, led by the Grousbeck family, plans to divest its majority shares in 2024 or early 2025, with the remaining shares to… Read More
Redbox owner files for Chapter 11 bankruptcy protection
Chicken Soup for the Soul Entertainment, the parent company of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection, marking a significant downturn for a once-prominent player in the entertainment industry. This legal maneuver comes in the wake of protracted financial difficulties and mounting unpaid debts. The bankruptcy… Read More
The Fed got some good news on inflation
Recent economic data suggests a continued easing of inflationary pressures in the United States, as evidenced by the Commerce Department’s latest report on the personal consumption expenditures (PCE) price index, a measure closely monitored by the Federal Reserve. From April to May, consumer prices remained flat, marking the most moderate… Read More
Walgreens finalizes plan resulting in hundreds more store closures
Walgreens Boots Alliance Inc. is poised to implement a substantial restructuring of its U.S. operations, potentially closing of hundreds of stores over the next three years. CEO Tim Wentworth disclosed that approximately 25% of the company’s 8,600 U.S. locations are underperforming and subject to changes, including possible closures if their… Read More
Microsoft under fire for this software bundle
The European Union (EU) says Microsoft might have broken antitrust rules. They think Microsoft gave its Teams app an unfair advantage over other similar apps. Teams is an app for messaging and video calls that Microsoft includes with its popular Office software. The EU believes Microsoft might have forced customers… Read More
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