Wall Street closed lower as worries rise about the strength of the global economy and inflation. The S&P 500 fell 0.6 percent Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4 percent. Markets in Asia fell even more following discouraging data on manufacturing in China. In the United…
Bud Light Sales Decline Shows Few Signs of Stopping Soon
As boycotts spread through different industries, Bud Light has continued to see declining sales after engaging with transgender influencer Dylan Mulvaney two months ago. According to data by Bump Williams Consulting and Nielsen IQ, sales of Bud Light dropped 25.7 percent for the week ending May 20, reported the New York Post. Its nearest rival, Modelo…
Project Veritas Sues Founder James O’Keefe
Project Veritas on May 31 sued its founder James O’Keefe following his ouster from the journalism group. O’Keefe breached his contract by starting a rival group while still employed by Project Veritas, the organization said in the 37-page lawsuit, filed in U.S. court in New York. O’Keefe formed the O’Keefe Media Group (OMG) on Feb….
Trade Union Demands Clarity From Labour Over Halting New Oil and Gas Production
Trade union Unite called on Sir Keir Starmer to clarify that workers will not pay the price should any plan to block new North Sea oil and gas developments be announced by the Labour Party. Unite General Secretary Sharon Graham said on Wednesday that tens of thousands of workers in North Sea and supporting industries…
Target’s Stock Has Lost Billions of Dollars Amid ‘Pride’ Backlash
Target Corporation’s stock has lost a significant amount in the past two weeks after the retailer continues to face backlash over its line of LGBT clothing for children. Shares of the firm dropped about 0.8 percent on Wednesday to $132.73, or about 17 percent down from two weeks ago, on May 18, when the stock…
‘Big Short’ Investor Warns of Potential $200 Billion Housing Market Crash Due to Underestimated Flood Risks
Dave Burt, CEO of DeltaTerra Capital and renowned “Big Short” investor who foresaw the 2008 housing crisis, has voiced his concern over a potential repeat of the crisis. His worry is centered on what he sees as an underestimation of the systemic risk flooding poses to the mortgage market. Burt’s successful prediction of the subprime…
New Zealand Airline Is Asking Passengers to Weigh in Before Their Flights
WELLINGTON, New Zealand—New Zealand’s national airline is asking passengers to step on the scales before they board international flights. Air New Zealand says it wants to weigh 10,000 passengers during a monthlong survey so pilots can better know the weight and balance of their planes before takeoff. But the numbers from the scales won’t be…
Private Flight With 2 Saudi Astronauts Returns From Space Station With Gulf of Mexico Splashdown
CAPE CANAVERAL, Fla.—A private flight carrying two Saudi astronauts and other passengers returned to Earth late Tuesday night after a nine-day trip to the International Space Station. The SpaceX capsule carrying the four parachuted into the Gulf of Mexico, just off the Florida panhandle, 12 hours after undocking from the orbiting lab. The Saudi government…
Home Prices Rose in March for Second Time After Months of Declines
Home prices across the United States rose for the second consecutive month in March amid widespread shortages and inventory issues, according to data published on May 29. Home prices increased by 0.4 percent nationwide month over month, data from the S&P CoreLogic Case-Shiller US National Home Price index showed. That marked the second month in a row of gains after…
Double Standards on Aisle One
Commentary One of the funniest and most original Monty Python skits finds a man paying a receptionist to have an argument with one of her fellow office workers, who does this for a living. But he enters the wrong door. “This is abuse,” he is told by another employee whose job it is to insult…
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