If air-conditioning your home felt expensive this summer, get ready, because turning up the heat may cost even more this winter. The rising utility bills are being driven by the surge in the price of natural gas, which generates about 40% of the United States’ electricity. The U.S. Energy Information Administration expects this surge to […]
Category: Business
What happened to 2 dollar bills?
Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren’t dollar stores anymore. So wouldn’t it make more sense to start paying with $2 bills instead? It’s considered a curiosity to some and scorned by others in the United States. The myths around the $2 […]
FedEx warns of a global recession; stock sinks
FedEx warned that a global recession could be coming, as demand for packages around the world tumbles. Shares of FedEx (FDX) plunged 21% Friday — the biggest one-day drop in its history — after the company warned late Thursday that a slowing economy will cause it to fall $500 million short of its revenue target. […]
New business mantra; “Go Woke, Go Broke”
The expression “go woke, go broke” has picked up steam in recent years as companies that embrace liberal ideology have suffered, but new ownership at CNN and Politico indicate the catchphrase can apply to news organizations, too. “CNN is learning the hard way that going hard left is bad for ratings and bad for business. […]
Soaring electricity bills are inflation flashpoint
Inflation cooled a bit last month, thanks in part to falling gasoline prices, but for many families, there’s another major strain on their household budget: soaring electricity bills. Take Bernice Brown, a retiree in Tuscaloosa, Ala.. In both July and August, her power bill topped a jaw-dropping $400. “It’s been damaging to be honest,” she […]
U.S. rail strike looms, White House scrambles to avert crisis
The Biden administration urged railroads and unions to reach a deal to avoid a railroad work stoppage, saying on Monday it would pose “an unacceptable outcome” to the U.S. economy that could cost $2 billion a day. Railroads, including Union Pacific (UNP.N), Berkshire Hathaway’s (BRKa.N) BNSF, CSX (CSX.O), and Norfolk Southern, have until a minute […]
Inflation rose faster than expected in August; Dow tanks
Inflation rose more than expected in August, continuing to create severe financial pressure for U.S. households even as the cost of gasoline fell. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in August from a year ago. […]
The 2nd Elizabethan era ends with UK economy in turmoil
The death of Queen Elizabeth has come at a bad time for the United Kingdom. Against a backdrop of soaring inflation, a slumping currency and the worst cost-of-living crisis in decades, the country has lost one of its few markers of continuity and stability. The government of Prime Minister Liz Truss, who on Thursday unveiled […]
Trump’s Truth Social barred from Google
Former US President Donald Trump’s social media platform has been barred from Google Play. Google says the platform violates its policies on prohibiting content like physical threats and incitement to violence. The move makes it difficult for users with Android phones to download the app. Devin Nunes, the CEO of Truth Social, has previously called […]
Top Companies Push Post-Labor Day Return to Office
During the more than two years that the COVID-19 pandemic blanketed the U.S. economic landscape, millions of workers were able to work in remote or hybrid arrangements. But now, as the COVID pall has lifted, some Fortune 100 companies — including Disney, Apple, and Tesla — are expecting their employees to work more days in […]
Artemis I mission lifts off to the moon Monday
For the first time in 50 years, a spacecraft is preparing to launch on a journey to the moon. The uncrewed Artemis I mission, including the Space Launch System Rocket and Orion spacecraft, is targeting liftoff on August 29 between 8:33 a.m. ET and 10:33 a.m. ET from NASA’s Kennedy Space Center in Florida. Although […]
What is an ‘Albert Sensor’? And why are some officials concerned about it?
In northeast Washington state, a remote region nestled against the Canadian border, the politics lean conservative and wariness of government runs high. Earlier this year, a Republican-led county commission there made a decision that rippled across Washington — triggering alarm at the secretary of state’s office, and now among cybersecurity experts who have worked for […]