The chief executive of Anheuser-Busch blamed what he called “misinformation” for the backlash against Bud Light in a Monday interview following the company’s partnership with transgender activist Dylan Mulvaney. “People often talk about this topic in social media like noise,” chief executive Michel Doukeris told the Financial Times in the interview. “You have one fact…
Delaying Nation’s Debt-Limit Increase Only Makes Matters Worse, Warns Elon Musk
Industrialist Elon Musk stated that delaying the raising of America’s debt ceiling will only make consequences worse, as the United States is only a few weeks away from breaching the limit. “In the end, all debts must be paid, just a question of when. Later makes it worse,” Musk posted in a May 8 tweet….
Investing: Cutting Through the Noise
May 8, 2023
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Business & MarketsBusiness ColumnistscybersecurityinflationinvestingInvestmentnanotechnologyobesityOpinionpersonal financerecessionU.S. economyViewpoints
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Commentary As an investor, it’s very easy to look at the current environment and shake one’s head. There’s a tremendous amount of headwinds. Given the volumes of headlines involving inflation, the debt ceiling, incompetence in Washington, geopolitical risks, China, etc., some investors may just give up and stash away their cash. But that could prove…
ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default?
May 8, 2023
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14 AmendmentBusiness & Marketsdebt ceilingeconomic policieseconomyJoe BidenKevin McCarthyPoliticsUSUS News
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As the debt-ceiling standoff grinds toward the so-called X-date, when the government can no longer borrow and must rely on incoming revenue to settle its obligations, the idea of invoking the 14th Amendment as a possible way to avoid a possible debt default has come into the spotlight. Invoking the 14th Amendment—using executive power to…
What Are Clad Coins? A Beginner’s Guide
Some collectors call clad coins “the ugly ducklings of U.S. numismatics.” Do you know what these “ugly ducklings” are? In this guide, we’ll answer the question “What are clad coins?” and explain whether they make a good investment. What Are Clad Coins? Clad coins, also known as sandwich metal coins, are made of multiple metal…
How Business Embraces Marxism Under the Guise of Diversity
May 8, 2023
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Business & MarketsBusiness ColumnistsCompaniescritical race theorydiversitymarxismOpinionUSUS businessesViewpointswoke
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Commentary Disney higher-ups have been found admitting to indoctrinating children in radical sexual and gender ideology. The Carhartt work clothes company required its more than 3,000 employees to be vaccinated for COVID-19, despite conceding that “we are aware some of our associates do not support this policy.” Keurig Dr Pepper Inc., the third-largest soft drink…
European Banks Are Not Immune to the Turmoil in US Banking
Commentary Deposits at U.S. commercial banks have fallen to the lowest figure in nearly two years, according to the Federal Reserve. This figure has fallen by $500 billion since the Silicon Valley Bank collapse. However, total banking credit has risen to a new record high of $17 trillion, according to the U.S. central bank. Less…
Tech Companies Announce Mass Layoffs Amid Economic Woes
May 8, 2023
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Business & MarketsCompanieseconomiceconomyinflationInternationallayoffsMedia & Big TechrecessionTechTech NewsUSUS NewsWorld
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The mass layoffs that started late last year have continued into 2023, amid recession fears and economic slowdowns. So far, the number of tech layoffs globally this year has exceeded the total number from a year ago. According to data compiled by online tracker Layoffs.fyi, the running total of tech layoffs to date is 191,416,…
Binance Lifts 2nd Block on Bitcoin Withdrawals Within a Day, Citing Unprecedented Cashing Out Volumes
Cryptocurrency exchange Binance halted bitcoin withdrawals twice within 24 hours on Sunday and Monday, citing heavy cash out volumes. For 90 minutes on Sunday morning and again for a few hours later Sunday night, Binance stopped all bitcoin withdrawals on its platform, saying there were too many pending transactions. “We’ve temporarily closed $BTC withdrawals as the #Bitcoin network is…
Australian Treasurer Says $14.6 Billion Living Cost Relief Won’t Add to Inflation
May 8, 2023
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AustraliaBusiness & Marketscost of living reliefeconomic policieseconomyenergyjane humeJim ChalmersWorld
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Australian Treasurers Jim Chalmers has refuted the idea that the newly announced $14.6 billion (US$9.88 billion) living cost relief will worsen inflation. In an interview with ABC Radio, the treasurer said the relief package included “responsible spending” and would not add pressure to inflation. Among the cost of living supports to be featured in the…
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