Hundreds of thousands of Fox News viewers are reacting to Tucker Carlson’s firing by abandoning the network in his old time slot — at least temporarily. Fox drew 1.33 million viewers for substitute host Brian Kilmeade in the 8 p.m. Eastern hour on Wednesday night, putting the network second to MSNBC’s Chris Hayes in a […]
Category: Business
US Growth Slows to 1.1%, Inflation Accelerates
The US economy slowed in the first three months of the year, as businesses reduced investments in the face of higher borrowing costs. The economy grew 1.1% on an annualised basis, the Commerce Department said. That was down from a rate of 2.6% in the prior quarter, despite strong consumer spending. Analysts are watching nervously […]
UPS warns of downturn in US economy
UPS says the US economy is slowing down. America’s largest trucking company said Tuesday that revenue fell 6% in the first quarter compared to a year earlier, as its operating profit fell 22%. Its earnings fell just short of Wall Street forecasts for the period. “In the first quarter, deceleration in US retail sales resulted […]
Tucker Carlson, Don Lemon’s Monday Massacre
The shock exits of Tucker Carlson at Fox News and Don Lemon at CNN share striking similarities: Both came about after the anchors created an endless stream of controversies and distractions for their parent companies; both were their respective network’s highest-profile stars who thought they were bigger than their platforms; and both were undone by […]
ExxonMobil launches biggest refinery in 10 years
Near the Gulf Coast just east of Texas’ oil-rich Permian Basin, nearly 2,000 ExxonMobil contractors are making sure the company’s latest project – which includes 26 miles of piping, 35 miles of electrical wiring and 875 tons of steel – is pumping oil at full capacity. After launching America’s largest oil refinery expansion in over […]
Bed, Bath & Beyond Bankrupt; closing all stores
Home goods retailer Bed Bath & Beyond filed for chapter 11 bankruptcy and is preparing to close its remaining stores, the company announced Sunday, after months of speculation the suffering chain would make the financial move. In a statement, Bed Bath & Beyond said it filed chapter 11 bankruptcy in New Jersey, and has begun […]
Biden says, Good Credit = Higher Mortgage Fees
Homebuyers with good credit scores will soon be facing higher mortgage fees as the Biden administration seeks to close the racial homeownership gap and get more first-time and low-income buyers through the door. Starting in May, a new federal rule will upend the current structure of the Loan-Level Price Adjustment (LLPA) matrix. Homebuyers with a […]
1 in 5 Use Buy Now, Pay Later to Afford Groceries
Faith Smith was already stretching her $500 monthly grocery budget as far as it could go. Then her phone lit up with an imperfect solution. She got a notification that Target Corp. would allow her to use “buy now, pay later” apps, which let consumers pay for goods in chunks over the course of several […]
Huge Spacex Rocket ‘Starship’ To Launch Soon
In South Texas, the commercial spaceflight company SpaceX is preparing to test a huge, stainless-steel rocket. The machine could one day carry humans to the moon, Mars and beyond. But first, it has to fly. “It’s a very complex machine; it has so many different components,” says Paulo Lozano, director of MIT’s space propulsion laboratory. […]
New Car loans are getting impossible to pay
You’ve managed to buy the car, but can you afford to keep paying for it? Along with soaring car prices, loan rates are the most expensive they’ve been in more than 15 years, with the average monthly payment on a new car at an all-time high, new data from auto website Edmunds shows. The result […]
Who will pay the $22 BN it took to rescue 2 banks?
Freedom Bank was founded two decades ago in Montana’s Flathead Valley, an area well known for fly fishing and whitewater rafting that is a world away from Silicon Valley. The community lender has built its business by catering to locals, offering a mix of mortgages, car loans and commercial loans from its home base in […]
Anheuser-Busch loses $6BN in six days
The ill-fated marketing partnership between beer giant Bud Light and trans influencer Dylan Mulvaney was launched without approval from senior executives of parent company Anheuser Busch (AB), according to a new report. The partnership unveiled on April 2 drew intense backlash from some quarters, with musician Kid Rock posting a video of himself shooting at […]