The Biden administration unveiled the most aggressive tailpipe emissions ever crafted as part of its sweeping climate agenda and efforts to push Americans to buy electric vehicles (EV). The vehicle pollution standards, proposed Wednesday by the Environmental Protection Agency (EPA) and announced by the White House, will impact car model years 2027 through 2032. The […]
Category: Business
Customers need restroom after Starbucks’ new olive infused drink
Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil. “It is one of the biggest launches we’ve had in decades,” Brady Brewer, Starbucks’ chief marketing officer, told CNN. Former CEO Howard Schultz added in an interview with Poppy […]
Apple & Disney merger would create behemoth
Business titans Apple and Disney could be merging into one gargantuan company, which experts believe will benefit both companies. Apple, Inc. and The Walt Disney Co. have a longstanding relationship, personified by the fact that returning Disney CEO Bob Iger was friends with the late Apple founder Steve Jobs. While Apple and Disney are perceived […]
U.S. job market is cooling
The U.S. job market is showing signs of softening as rising interest rates and slowing economic growth begin to take their toll on hiring. Employers added 236,000 jobs in March, according to a report from the Labor Department Friday. That’s down from 326,000 jobs that were added the month before. The unemployment rate dipped to […]
US economy is unwell, April could be a horror
After months of a remarkably strong US labor market and economy, everything seems to be slowing down. The latest high-frequency data shows that the consumer could be running out of steam, hiring activity is moderating, business activity is softening, interest-rate sensitive sectors are pulling back and housing is suffering. The question is whether Friday’s monthly […]
Is the end in sight for full time remote work?
Amid countless layoffs, calls from corporate chieftains to return to the office and the pendulum of power swinging back to employers, it may feel like the work-from-home era is coming to an end. But while the practice is shrinking, it’s also showing resilience, with about a third of workers in jobs that can be done […]
Budweiser Light partners with transgender poster girl
Bud Light is under fire for partnering with controversial trans influencer Dylan Mulvaney, who uploaded a sponsored post for the beer company. Mulvaney announced the partnership in a series of videos posted to social media at the weekend to coincide with the NCAA March Madness tournament. The influencer even boasted how the brewer sent her […]
$5 gas possible as Opec cuts production
A group of OPEC+ member countries on Sunday announced voluntary oil production cuts that will run from May through the end of this year. The surprise move entails cuts of about 1.15 million barrels per day (BPD) and was led by Saudi Arabia, Iraq, United Arab Emirates and Kuwait. Saudi Arabia’s Ministry of Energy said […]
Inflation Reduction Act to cost US $1.2 trillion
President Biden’s clean-energy law will cost roughly $1.2 trillion, a figure three times more than what supporters initially claimed. The Inflation Reduction Act was passed last year in an effort to address climate change, security and energy. Lawmakers who voted for the legislation said it would spur trillions in private-sector investment. An analysis by Goldman […]
Commercial real estate has hit a wall
Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Office and retail property valuations have been falling since the pandemic brought about lower occupancy rates and changes in where people work […]
U.S. TikTok Ban Seems Likely
TikTok CEO Shou Chew received a bruising on Thursday when he appeared before the House Energy and Commerce Committee in Congress, with both Republicans and Democrats fiercely critical of the Chinese-owned social media giant. Chew was interrogated for more than four hours over whether TikTok users’ data could be accessed by the Chinese state, along […]
Will Congress Ban Tik Tok?
On Thursday, TikTok’s CEO, Shou Zi Chew, will be opening a lion’s mouth and placing his own head into it. He’s giving testimony in the US Congress for the first time, a scary thing to do. And at stake is the future of the phenomenally popular video-sharing app in the US. “I think that there […]