After remaining largely quiet over the past year, NFL Hall-of-Fame quarterback Brett Favre broke his silence to call for a boycott of Fox News. “I’m with Tucker. Time to boycott Fox until they come to their senses and let the man speak,” Favre, who played in the NFL for 20 seasons and broke a number…
Bud Light Sales Tanked 21.4 Percent in April Amid Dylan Mulvaney Fiasco
New industry data show that Bud Light sales plunged in April amid calls for a boycott by critics of the brand’s engagement with transgender influencer Dylan Mulvaney, which comes as Anheuser-Busch CEO Michael Doukeris blamed “misinformation” for the backlash. Sales volumes of Bud Light fell by a whopping 21.4 percent in the four weeks ended on…
Business Leaders Nervous Ahead of Debt-Ceiling Talk
May 9, 2023
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Business & MarketsBusiness Roundtabledebt ceilingeconomic policieseconomyExecutive BranchPolicies & ImpactsPoliticsRepublicansUSUS Chamber of CommerceUS News
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Ahead of today’s high-stakes meeting between President Joe Biden and congressional leaders to discuss raising the debt ceiling, U.S. business executives have issued a stern warning, urging both parties to reach an agreement. The cost of a default or even the possibility of one is too high, the group warned. “With the U.S. at risk…
Trump Issues Warning Ahead of CNN Showdown: ‘Could Turn Into a Disaster for All’
Former President Donald Trump promoted his Wednesday night CNN town hall in New Hampshire but issued a word of caution about might happen. “I’ll be doing CNN tomorrow night, LIVE from the Great State of New Hampshire, because they are rightfully desperate to get those fantastic (TRUMP!) ratings once again. They made me a deal…
LinkedIn Slashes Over 700 Jobs, Closes China App Amid ‘Evolving Market’
Employment platform LinkedIn has announced it is slashing hundreds of jobs and phasing out its app in China as part of a “streamlining” process amid declining revenue. Ruiqi Chen, editor at LinkedIn News, announced the move on May 8, noting that the platform plans to reduce roles across its sales, operations, and support teams. LinkedIn will also…
The Rise of Conscious Consumerism
May 9, 2023
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Business & MarketsBusiness Columnistsconscious consumerismcorporatismOpinionrecessionU.S. economyViewpoints
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Commentary There is this joke in economics that says two people are walking along and one says “There’s a twenty dollar bill on the sidewalk.” The economist responds: “That cannot be true because someone would have already picked it up.” There is a weird truth to the joke that in economics class we learn about…
Government Employees Sue Biden, Yellen to Force Override of Debt Ceiling
President Joe Biden and Treasury Secretary Janet Yellen have been sued by a union representing some 75,000 government employees demanding that the administration ignore the debt ceiling on grounds that the borrowing limit is unconstitutional. The National Association of Government Employees (NAGE), which filed the lawsuit in a federal court in Boston on Monday, argues that…
Australian Businesses Conditions Stay Strong in April but Uncertainty Remains
Australian business conditions still remain robust in April amid economic headwinds thanks to resilient customer demand and a strong labour market. According to the latest monthly business survey by the National Australia Bank (NAB), the business conditions index, which measures trading conditions, profitability and employment, dropped two points to 14 index points in April. While…
Americans Suffering Sharply Higher Levels of Financial Anxiety
May 9, 2023
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Business & Marketseconomic policieseconomyfinancial anxietyinflationmental healthpersonal financerecessionUSUS News
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Many Americans say they are suffering sharply from higher levels of financial anxiety as the economy takes a downturn. Money is now the prime cause of stress for most Americans, according to May 8 survey by Bankrate. At least 52 percent of respondents reported that personal finances have had a negative impact on their mental health,…
Government Let Gas Companies Lead the Way on Changes to Petroleum Tax: Greens
May 8, 2023
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anthony albaneseAustraliaBusiness & MarketsDorinda CoxenergyNick McKimpetroleum resource rent taxWorld
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Greens Treasury spokesperson Senator Nick McKim and Senator Dorinda Cox have alleged that the federal government is letting the gas industry lead the way on its proposed changes to the Petroleum Resource Rent Tax (PRRT), accusing the government of simply appeasing the gas industry. PRRT is a profits-based tax that only taxes profits of petroleum…
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