Category: Business & Economy

Wholesale Price Inflation Stays Close to Record High, Suggesting More Inflationary Pain for Households

May 12, 2022
Business & Economyeconomic policieseconomyinflationInvestmentMarketspersonal financeproducer pricesUncategorizedUSUS NewsWorld
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Wholesale prices in the United States eased in April but remained close to their record high hit in March, suggesting little near-term inflationary respite for American households as higher producer prices tend to get passed along to end consumers. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual…

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Texas Law Regulating Social Media Platforms Back in Effect After Court Ruling

May 12, 2022
Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesFeatured TopicsJudiciaryLocal NewsMedia & Big TechRegional-Local NewsSocial MediaTexasUSUS News
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Texas can bar social media platforms from censoring users based on their political views, an appeals court ruled on May 11. The 5th U.S. Circuit Court of Appeals panel reversed a district judge’s decision that blocked Texas from enforcing a law that bars platforms from censoring a user based on their viewpoint or location. The…

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Apple Knocked Off Top Spot as World’s Most Valuable Company Amid Surge in Energy Prices

May 12, 2022
appleBusiness & EconomycommoditiesCompanieseconomyMarketsstocks
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Apple has lost its position as the world’s most valuable company to Saudi Arabian oil and gas producer Aramco amid a broad investor sell-off of tech stocks and a surge in energy prices. Shares in Apple fell by more than 5 percent in New York on Wednesday to end the trading day with a stock market…

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Johnson Not Ruling out Windfall Tax on Energy Giants

May 12, 2022
Business & Economycost of livingeconomic policieseconomyUKWorld
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British Prime Minister Boris Johnson said on Wednesday he doesn’t like the idea of imposing a windfall tax on the profits of energy firms but stopped short of ruling one out. The Conservative government has so far resisted Labour’s call to impose a one-off windfall tax on North Sea oil and gas producers, which would add…

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Disney CEO Admits to ‘Difficulty’ in Getting Films Released in China

May 12, 2022
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesdisneyDoctor StrangeeconomyMarvelMedia & Big Techthe epoch timesUSUS NewsUS-China relations
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Disney CEO Bob Chapek spoke of “difficulty” getting films released in China on May 11, after it appears that the latest “Doctor Strange” movie likely won’t be released in China over the appearance of an Epoch Times newspaper box in the film. Speaking during an earnings call, Chapek said the situation in China has been…

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Disney CEO Admits ‘Difficulty’ in Getting Films to China’s Theaters

May 12, 2022
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesdisneyDoctor StrangeeconomyMarvelMedia & Big Techthe epoch timesUSUS NewsUS-China relations
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Disney CEO Bob Chapek spoke of “difficulty” getting films released in China on May 11, after it appears that the latest “Doctor Strange” movie likely won’t be released in China over the appearance of an Epoch Times newspaper box in the film. Speaking during an earnings call, Chapek said the situation in China has been…

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Disney CEO Admits to ‘Difficulty’ in Getting Films to China’s Theaters

May 12, 2022
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesdisneyDoctor StrangeeconomyMarvelMedia & Big Techthe epoch timesUSUS NewsUS-China relations
0 Comment

Disney CEO Bob Chapek spoke of “difficulty” getting films released in China on May 11, after it appears that the latest “Doctor Strange” movie likely won’t be released in China over the appearance of an Epoch Times newspaper box in the film. Speaking during an earnings call, Chapek said the situation in China has been…

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Twitter Updates Privacy Policy Ahead of Musk Deal

May 12, 2022
Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesElon MuskFeatured TopicsMedia & Big TechSocial MediaTechTech NewsTwitterUSUS News
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Twitter on Wednesday updated its privacy policy, making it “as simple and useful as possible” so that users can better understand how their data on the site is collected and used. The social media platform’s updated policy, along with a completely redesigned privacy site, also includes a new interactive game designed to help users better understand their…

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‘Remain Cautious on Mortgage Originators’: Rocket Companies Analysts React to Mixed Q1 Earnings

May 12, 2022
Business & EconomyCompanieseconomymortgageRocket Companies Inc
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Rocket Companies Inc. shares are trading lower by 5.5 percent after the mortgage lender reported a sharp decline in revenue. On Tuesday afternoon, Rocket reported first-quarter adjusted EPS of 15 cents, missing consensus analyst estimates of 19 cents. Revenue for the quarter was $2.67 billion, beating Wall Street’s expectations of $2.17 billion. Revenue was down…

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Coalition Pledges To Bolster Advanced Manufacturing Sector in Australia

May 12, 2022
advanced manufacturinganthony albaneseAustraliaaustralian federal electionAustralian federal election 2022Business & Economyeconomic policieseconomyScott MorrisonWorld
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The incumbent centre-right Coalition government will work with business, industry, and the higher education sector to spur the creation of an advanced manufacturing sector in Australia. “Today, I’m launching our plan for modern manufacturing. A plan for modern manufacturing, which sits together with the work we’re doing in the university sector to ensure that they…

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