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. […]
Tag: Business
Dow Jones Drops Over 800 points
U.S. stocks dropped sharply Wednesday as a massive selloff in the biggest tech stocks drove markets to lows not seen since this winter. The Dow plunged 831 points, losing 3.15 percent of its value. It was the second-biggest drop of the year for the Dow, which on Feb. 5 lost over 1,100 points in a […]
Sears To No Longer Sell Whirlpool, Maytag, KitchenAid
Sears Holdings is cutting its century-old ties with Whirlpool and will no longer sell the company’s products, which include Maytag, KitchenAid and Jenn-Air subsidiaries, according to an internal Sears memo sent to stores last week. The memo was reviewed by CNBC. “Whirlpool has sought to use its dominant position in the marketplace to make demands […]
Dow Jones Hits Record High Of Over 23,000
The Dow Jones industrial average crossed 23,000 mark for the first time on Tuesday — just two and a half months after it breached the 22,000 milestone. Stocks boosting the blue-chip index included insurer UnitedHealth and Johnson & Johnson, which reported better-than-expected earnings. Shares have mounted their historic rally amid continued optimism on Wall Street […]
President Trump Accused Of Declaring War On North Korea
A retired U.S. general said a Pentagon war scenario showed a conventional war with North Korea could result in about 20,000 deaths per day in South Korea, according to the Los Angeles Times. Meanwhile, a retired U.S. Navy admiral sees a 50/50 chance of a conventional conflict with North Korea although much less likelihood of […]
Dow Loses Over 200 Points Amid Mounting Tensions With North Korea
Wall Street got bathed in a sea of red Thursday amid mounting tensions between the US and North Korea. The Dow Jones industrial average lost 204 points, marking three consecutive day of losses. The index — which last week hit 22,000 for the first time — closed at 21,844. Markets began to tumble Tuesday after […]
Dow Jones Hits 22,000 As Stock Market Breaks New Records Again
The stock market shattered yet another milestone Wednesday, with the Dow Jones Industrial Average reaching 22,000 points for the first time. The 131-year-old index received a 50-point boost from Apple, whose shares saw a 6 percent hike after Tuesday’s strong earnings report. “Stock Market could hit all-time high (again) 22,000 today,” President Donald Trump had […]
Puerto Rico Votes To Become 51st State, Will Ask House For Approval
The governor of Puerto Rico, Ricard Rosselló, has announced that he is to visit Washington in the next phase of his campaign to turn the island into the 51st state of the United States. Rosselló will go to the US capital armed with a 97% backing for statehood from voters in Sunday’s plebiscite on the […]
Trump Budget Has Huge $2 Trillion Dollar Math Error
“A New Foundation for American Greatness” was built on quicksand, and the president’s defenders are happy to keep shoveling it. President Donald Trump’s newly unveiled budget contains a massive accounting error that uses the same money twice for two different purposes. Based on its supersized projections of 3 percent GDP, the president’s budget forecasts about […]
Jet Fighters Scramble To Escort Passenger Flight To Honolulu
Two military fighter jets escorted a Honolulu-bound American Airlines aircraft on Friday after a man allegedly tried to break into the cockpit. The airline said Flight 31, an Airbus A321 aircraft, landed safety at Honolulu International Airport at 11:35 a.m. local time. The flight originated from Los Angeles International Airport. “Two Pacific Command F-22 Raptors […]
Exxon Seeks Waiver To Do Business With Russian Oil
Exxon Mobil, the company once ran by Secretary of State Rex Tillerson, is seeking a waiver from U.S. sanctions on Russia, The Wall Street Journal reported Wednesday. The U.S. oil and gas corporation has applied to the Treasury Department to be exempt in a bid to resume its joint venture with the Russia oil giant […]
Automation Pushing America To Universal Basic Income For It’s Citizens
Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]