The ongoing push for environment, social, and governance (ESG) policies has driven retirement accounts into a downward spiral. Stagnant and oftentimes fading portfolios are being filled with “woke” investments thanks in large part to new guidance from the White House. On top of politics, mega-money managers like BlackRock are pressuring businesses to focus less on…
Stocks Discount Too Much Easing and Optimism
Commentary The S&P 500 Index has risen to a new high, and close to its record level. Complacency seems to be taking hold of market participants because the latest leg up has been driven entirely by multiple expansion. According to Bloomberg, the price-to-earnings (P/E) ratio of the S&P 500 has erupted back to 19.2 times,…
Tucker Carlson Lawyer Suggests Fox News Boycott in Response to Alleged Cease-and-Desist Letter
A lawyer for Tucker Carlson responded to claims that Fox News sent a cease-and-desist to the former host over his Twitter show, accusing the network of engaging in censorship. A report from Axios claimed that Fox sent a letter, which has the text “NOT FOR PUBLICATION” at the top, demanding that Carlson stop his Twitter…
Tucker Carlson Lawyer Suggests Fox News Boycott Amid Alleged Cease-and-Desist Letter
A lawyer for Tucker Carlson responded to claims that Fox News sent a cease-and-desist to the former host over his Twitter show, accusing the network of engaging in censorship. A report from Axios claimed that Fox sent a letter, which has the text “NOT FOR PUBLICATION” at the top, demanding that Carlson stop his Twitter…
Twitter to Pay Verified Creators for Ads in Replies, Musk Says
Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday. “Note, the creator must be verified and only ads served to verified users count,” Musk, the billionaire who bought Twitter last October, said in a tweet….
UBS Completes Takeover of Credit Suisse in Deal Meant to Stem Global Financial Turmoil
June 12, 2023
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BERLIN—UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country’s two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil. A statement from the bank…
Female-Only Spa Forced to Accept ‘Transgender Women’ Reveals Next Move
June 12, 2023
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Business & MarketsCompaniesRegional & State NewsSocial IssuesState NewstransgenderUSUS NewsWashington state
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A female-only spa in Washington state that a judge said has to accept men if they identify as women says it will fight against the ruling. The Olympus Spa plans to enter a new complaint in the case, which centers around a state law that bars discrimination on the basis of sexual orientation, a lawyer…
Amazon Alexa Violates Children’s Privacy
Most people worry about big brother watching, but what about big sister listening? Amazon is taking a financial hit because of privacy issues with its smart speaker. The Federal Trade Commission (FTC) recently fined Amazon for violating consumers’ privacy. What did Amazon’s Alexa do? How much was the fine? And if you have an Alexa,…
Karat vs. Carat: What Is the Difference?
When you hear “carat” and “karat,” you may assume they are spelled differently but mean the same thing. However, the homonyms carat and karat refer to two separate forms of measurement, with carat referring to diamonds and precious gemstones and karat relating to how smiths measure the purity of gold. Knowing the difference if you…
Wall Street Opens Higher as Investors Eye Inflation Data, Fed Verdict
U.S. stock indexes rose on Monday, with the benchmark S&P 500 and the tech-heavy Nasdaq hovering near 2023 highs as investors awaited inflation data and the Federal Reserve’s interest rate decision this week. The Dow Jones Industrial Average rose 30.02 points, or 0.09 percent, at the open to 33,906.80. The S&P 500 opened higher by…
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