Mastercard Inc. beat estimates for quarterly profit as consumer spending surged against a turbulent economy, but the card company’s disclosure of a probe by the U.S. Justice Department unnerved investors. The regulator has demanded that Mastercard provide documents tied to its U.S. debit program and competition with other payments networks, the card company said. Visa…
Toyota Edges Past 9.1 Million Vehicle Output Goal, Warns Chip Shortage Lingering
TOKYO—Japan’s Toyota Motor Corp. set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased. But the world’s biggest automaker by sales warned it continued to see impacts from the long-running global…
Stock Market Today: Wall Street Rises to Cap a Winning April
NEW YORK—Wall Street closed out a winning April with gains Friday after more companies said their profits at the start of the year weren’t as bad as expected. The S&P 500 rose 34.13, or 0.8 percent, to 4,169.48. Despite some sharp swings this week, it still clinched a second straight winning month. The Dow Jones…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 28)
April 28, 2023
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Benchmark U.S. crude oil for June delivery rose $2.02 to $76.78 a barrel Friday. Brent crude for June delivery rose $1.17 to $79.54 a barrel. Wholesale gasoline for May delivery rose 5 cents $2.58 a gallon. May heating oil rose 3 cents $2.38 a gallon. June natural gas rose 5 cents to $2.41 per 1,000…
Sean Hannity’s Ratings Plunge After Tucker Carlson’s Fox News Exit
Tucker Carlson’s exit from Fox News appears to be impacting more than just the timeslot that he hosted for years on the network. Carlson’s finale a week ago drew 2.65 million viewers, according to Nielsen. The data shows that Brian Kilmeade’s substitute hosting gig for “Fox News Tonight” saw ratings of 2.59 million on Monday,…
NTD Business (April 28): Digital Health Device Cybersecurity Risk? IRS Hiring More Armed Tax Enforcers
April 28, 2023
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Exxon-Mobil reported bumper profits last quarter, despite falling gas prices. What contributed to the record? You can now add horsepower to an EV Mercedes, but at a cost. The IRS commissioner confirmed the agency is hiring armed tax agents nationwide as part of President Joe Biden’s push to shore up enforcement. But the IRS says…
Aussies to Spoil Mums as Spending Set to Reach $1 Billion on Mother’s Day
Australians are set to spend nearly a billion on Mother’s Day gifts this year, with alcohol, food and flowers continuing to be the most popular choices. A survey of 1,682 adults conducted by the Australian Retailers Association (ARA) and Roy Morgan predicts Australians will spend A$925 million (US$611 million)—up A$166 million (US$106 million), or 22…
Anheuser-Busch to Invest Heavily in Marketing After Bud Light Transgender Controversy
April 28, 2023
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Anheuser-Busch is reportedly planning to invest in a major marketing campaign for Bud Light after getting involved in a transgender ad controversy. The beer company is promising beverage distributors they will avoid similar touchy subjects, The New York Post has learned. America’s largest beer giant saw its sales plummet after its Bud Light brand partnered with…
Twitter Files: Tucker Carlson Op-ed About COVID Vaccines for Children Targeted as ‘Misinformation’
April 28, 2023
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Tucker Carlson returned to Twitter following the announcement he and Fox News had parted ways—his first comment made in a video had already garnered nearly 22 million views in two days. Emails found in the “Twitter Files” show the same platform, under the previous leadership, worked to label information Carlson published in an opinion article,…
Federal Agency Issues Emergency Waiver for E15 Gasoline to Boost Fuel Supply
The U.S. Environmental Protection Agency on Friday issued an emergency nationwide waiver that allows for the sale of gasoline with higher concentrations of ethanol during the summer driving season. It’s the second year in a row that the EPA issued such an emergency rule allowing the sale of E15 gasoline, which has an ethanol content of 15…
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