MyPillow CEO Mike Lindell said Tuesday that sales of the company’s signature product remain strong after several retailers recently stopped stocking the pillows. “We’ve actually increased in sales. We’re actually up in sales. Our shipping’s behind,” he told The Epoch Times. Wayfair and Bed Bath & Beyond, among other retailers, stopped selling MyPillow last month….
‘Chairman Mao Would Have Approved’: Critics Liken Big Tech to CCP
Critics of Google and Facebook have compared the tech giants’ recent actions to the behaviour of the Chinese Communist Party (CCP), as the long-running dispute over an Australian media payment law continues. Last month, Google Australia floated the idea of pulling its search service from the country, sparking a hostile response from Independent Senator Rex…
Retirement Funding Comes Before College Savings
Dear Dave, A friend told me about your Baby Steps program. I have one question, though. I noticed that according to your plan, saving for retirement should come before saving up a college fund for your kids. Why is this? Natalie Dear Natalie, In short, college funding is not a necessity. Being able to…
Luxembourg Fund Industry Is a $5.4 Trillion ‘Black Box,’ Investigation Says
LONDON—Luxembourg’s investment fund industry is a financial “black box” that helps people launder illicit money and avoid tax, according to an investigation published on Monday whose findings were rejected by the EU nation. The OpenLux investigation by journalists from a group of media organizations, including Le Monde, Le Soir, the Miami Herald, and Sueddeutsche Zeitung,…
Entrepreneur Launches New Internet Browser to Promote Free Speech
February 9, 2021
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A software start-up company has launched a new browser that offers a number of privacy solutions, has no censorship, and no fake profiles, in an effort to counter censorship, fake news, invasion of privacy, and the stifling of conservative voices by Big Tech. The browser, called “The New Internet,” allows people to comment on any…
GOP Lawmakers Warn Fed Against Greening of US Banking System
WASHINGTON—Soon after the November 2020 presidential election, the Federal Reserve declared climate change as a potential threat to financial stability and joined a network that advocates for using levers of financial regulation to address climate change. A group of Republican lawmakers are among critics who argue that central banks should not “weaponize” their authority to…
Ethereum Gets Bulk of Crypto Flows in Latest Week: CoinShares
NEW YORK—Investment inflows into cryptocurrency funds and products amounted to $245 million last week, with 80 percent of the money going into ethereum ahead of the listing of its futures on the Chicago Mercantile Exchange, according to the latest data on Monday from asset manager CoinShares. Total inflows so far this year into the space…
UK Consumer Spending Plunges as New Lockdown Bites: Barclaycard
LONDON—Spending by British consumers plunged in January at the fastest rate in seven months as the country went back into a tight COVID-19 lockdown, payment card firm Barclaycard said on Tuesday. A 73 percent annual increase in online retail spending and record demand for takeaway food—which jumped by a third from a year ago—failed to…
Broker Robinhood Sued Over Student Trader’s Suicide
The family of a 20-year-old stock trader who committed suicide sued the broker Robinhood for his death, citing its “misleading communications” that caused their son to panic over what he wrongly believed were huge market losses, according to a lawsuit. Robinhood notified Alex Kearns in June of what he thought was a $730,000 loss on…
What Recovery? Clothes Retailers Cut Orders While Factories Fight to Survive
LISBON/DHAKA—Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack. The global apparel industry, reeling from a punishing 2020, is seeing its hopes of recovery punctured by a new wave of COVID-19 lockdowns and patchy national…
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