I saw a lot of socialist experiments in Latin America and the results weren’t pretty. If Americans want to see how badly socialism works, they don’t have to go far. Beginning with Cuba’s Fidel Castro in 1959, socialism has a dismal history of failure throughout this hemisphere. While socialist revolutionaries…
A recently completed stock deal saw OpenAI’s valuation surge to $500 billion and become the world’s most valuable private company, according to a report. Current and former OpenAI employees sold about $6.6 billion in shares to a consortium of investors that included Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX…
Federal investigators are examining a crash in which two Amazon Prime Air delivery drones struck a construction crane in Tolleson, Arizona, a city west of Phoenix, on Wednesday. Tolleson police said the morning crash occurred in a commercial area near 96th Avenue and Roosevelt Street, according to FOX 10 Phoenix.The…
The ongoing partial government shutdown prevented the Labor Department from releasing the anticipated September jobs report as scheduled on Friday, causing economic data watchers to turn their attention to alternative sources to gauge labor market conditions. The Bureau of Labor Statistics’ September jobs report was expected to show the economy added…
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A partial government shutdown began on Wednesday with Republicans and Democrats at an impasse over spending levels, which has increased uncertainty…
A listeria outbreak affecting certain recalled prepared meals sold at Trader Joe’s and Walmart has led to four deaths as well…
Some of the world’s wealthiest investors are using exchange-traded funds to access commodities, cryptocurrency and artificial intelligence. “We tend to…
A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well…
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Leading health insurers announced Wednesday that they will scale back their Medicare Advantage offerings next year as the health insurance industry braces for decreases in government reimbursement. The U.S. government has been cutting back payments on Medicare Advantage since 2024 to reduce spending. Medicare Advantage is a…
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The Bank of America Institute reported that the firm’s data signaled a slowdown in hiring by small businesses as tariff payments by firms that import goods have surged. The report found that small businesses’ payments to hiring firms fell for the third straight month in July, according to Bank of America’s proprietary…
Things have never been better for the U.S. crypto industry, and the Winklevoss twins, Tyler and Cameron, have a roadmap to keep it that way after donating $21 million in bitcoin to the Digital Freedom Fund PAC, which supports pro-crypto candidates. “The midterms are critical to keeping the American…
Shares in the manufacturer of Tylenol plunged on Friday following a report that Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. is planning to release a report showing a potential link between the over-the-counter drug and autism. The Wall Street Journal reported that Kennedy’s HHS is expected to release a…
The Labor Department’s August jobs report showed that the number of immigrant workers declined over the last year while job growth among U.S.-born workers accelerated. The Bureau of Labor Statistics (BLS) data for August showed that over the last year the number of employed foreign-born workers – a metric that doesn’t differentiate…
The U.S. economy continued to add jobs in August amid uncertainty about economic conditions, though it was at a relatively slower pace following a similarly soft jobs report last month that prompted President Donald Trump to fire the commissioner of the Bureau of Labor Statistics. The Labor Department on Friday…
If you were investing in the late 1990s, you’ll remember the euphoria of the dot-com boom. Anything with a “.com” at the end of its name could raise millions in capital and see its stock price double or triple overnight. Investors believed the internet would change everything – which, to be fair, it eventually did.…
Mortgage rates fell to the lowest level since October 2024, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.5% from last week’s reading of 6.56%. This week’s figure was the lowest since…
Gold prices slipped on Thursday, marking a pause in what has been a record-breaking rally that has seen market prices for the precious metal surge over the last year. Long considered a safe haven asset to hedge against economic uncertainty, gold has risen as investors deal with concerns about the U.S.…
Cracker Barrel’s leadership received a failing grade in a proxy advisory firm’s pay for performance metric last year before the company decided to move forward on an ill-fated rebranding effort. A report by proxy advisory firm Glass Lewis in Nov. 2024 ahead of a shareholder vote gave Cracker Barrel an…
Companies in the private sector added 54,000 jobs in August, payroll processing firm ADP said Thursday. The figure is below economists’ estimates of a gain of 65,000 jobs and down sharply from the prior month’s reading of 104,000.”The year started with strong job growth, but that momentum has been whipsawed…
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