Walmart promoted its new Pride apparel on social media ahead of Pride month on Saturday, writing on Instagram, “Not just a slogan. #PrideAlways is a reminder to lead with love.” The company’s promotion comes just weeks after Target said its Pride collection would only be available in “select stores” following a major backlash by conservatives […]
Category: Business
Biden in panic mode; releases gas from reserves
The Biden Administration announced Tuesday that it would release 42 million gallons of gasoline from the Northeast Gasoline Supply Reserve. The release, the Department of Energy explained, is “strategically timed and structured to maximize its impact on gas prices.” This will, according to the DOE, help lower prices at the pump during the summer months […]
2024 cost of a Memorial Day barbecue up 10%
Having friends and family over for a Memorial Day barbecue will cost you more this year, with the price of many grilling staples having risen even more sharply than that of other groceries. Americans will pay an average of just over 10% more this year than in 2023 for barbecue basics including ground beef, hot […]
IRS warns taxpayers they could face jail time
The IRS is warning that thousands of taxpayers may be facing jail time if they’re found to have filed false returns for artificially high refunds. The agency on Tuesday issued an alert saying that thousands of taxpayers fell victim to tax scams and inaccurate social media advice leading to inflated refund claims. Most often, taxpayers […]
Retail store closures explode in 2024
The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis. That’s a 24% increase from a year ago, according to a report from retail data […]
Will you pay for a Twitter subscription?
OK, it’s time to confess – I have subscribed to Elon Musk’s social network X (formerly Twitter). “Why are you giving money to the world’s richest man?” shouted my friend. Admittedly, she had a point, but I did it for two reasons. Firstly, because I was aware of a few fake profiles of me floating […]
A Four Day work week could be in your future
The overwhelming majority of young people are now in favor of working four-day weeks, according to a new survey. According to a CNBC/Generation Lab poll of 1,033 people between the ages of 18 and 34, 81 percent said it was their belief that a four-day week would make their workplace more productive, while only 19 […]
China steals credit card info in latest online scam
More than 800,000 people in Europe and the US appear to have been duped into sharing card details and other sensitive personal data with a vast network of fake online designer shops apparently operated from China. An international investigation by the Guardian, Die Zeit and Le Monde gives a rare inside look at the mechanics […]
Biden can no longer lie about failing economy
Last Thursday, the Bureau of Economic Analysis released its advance estimate for 2024’s first-quarter real GDP growth. At 1.6 percent, it is the worst quarterly performance since the economy contracted by 0.6 percent almost two years ago in the second quarter of 2022. This was a growth level one-third below economists’ expectations of 2.4 percent. […]
IRS to ramp up audits in next 3 years
The IRS says it is about to ramp up audits as it cracks down on tax cheats and seeks to deliver more revenue into the U.S. Treasury’s coffers. But not every group of taxpayers will face more scrutiny, according to IRS commissioner Danny Werfel. The IRS has been bolstered by $80 billion in new funding […]
Will first bank failure of 2024 be contagious?
Republic First Bank, a regional lender based out of Philadelphia, became the first bank failure of 2024 on Friday when it was shut down by Pennsylvania’s bank regulator and the Federal Deposit Insurance Corp. (FDIC) seized control of the operation. The FDIC quickly made a deal for Fulton Bank to buy Republic First’s assets, but […]
Biden desperate to keep gas $$ down until Nov.
With only six months to go before the election, President Joe Biden’s strategy to lower gasoline prices is in jeopardy. The administration’s soft approach to sanctions on oil from Iran, Russia and Venezuela has been key to its efforts to tame fuel costs. But that leniency is becoming politically riskier: Iran’s attack on Israel has […]