After Tucker Carlson’s sudden exit from Fox News, the network suffered a loss in ratings on Monday night. The network’s 8 p.m. hour had a noticeably smaller audience on Monday night, according to the Hollywood Reporter. The debut of a replacement program, “Fox News Tonight” that was hosted by Brian Kilmeade, pulled in 2.6 million viewers,…
Disney Sues Gov. DeSantis for ‘Government Retaliation’
On Wednesday, Walt Disney Parks and Resorts sued Republican Florida Gov. Ron DeSantis and his hand-picked oversight board. According to the complaint (pdf), filed in the United State District Court for the Northwestern District of Florida, the theme park giant is accusing the potential 2024 presidential candidate of engaging in “a targeted campaign of government…
IN-DEPTH: Job Creation, Budget Accounting Questioned in Massive Subsidies Given to VW
News Analysis One of Ottawa’s biggest selling points for its record subsidy to Volkswagen—which could top $13 billion—is the potential creation of tens of thousands of jobs. But leading public policy expert Jack Mintz is highly skeptical and also questions how the feds project to cover the cost of the new gigafactory in under five…
Tucker Carlson Issues First Public Comments Since Fox News Exit
Former Fox News host Tucker Carlson issued his first public comments since it was announced that he would be departing the network earlier this week, appearing outside his home in Florida with his wife. “Retirement is going great so far,” he joked to the Daily Mail, which published photos of him and his wife outside…
Wall Street Opens Higher on Upbeat Microsoft, Boeing Results
April 26, 2023
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Wall Street’s main indexes opened higher on Wednesday as strong results from Microsoft and positive cash-flow forecast from Boeing offset concerns over rising interest rates and their effect on the U.S. economy. The Dow Jones Industrial Average rose 65.51 points, or 0.20 percent, at the open to 33,596.34. The S&P 500 opened higher by 16.15…
US Regulators Say They Already Have Power to Crack Down on AI Misuse, Warn Firms to Comply With Laws
April 26, 2023
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A number of federal government agencies said on April 25 that they have the power to prevent unlawful “bias in algorithms and technologies” marketed as artificial intelligence (AI). In a joint statement, four federal agencies —The Civil Rights Division of the United States Department of Justice, the Consumer Financial Protection Bureau (CFPB), the Federal Trade…
Stock Market Today: US Futures Subdued as Earnings Arrive
April 26, 2023
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Wall Street was slow to gain traction in premarket trading ahead of another full slate of corporate earnings and more economic data later in the week. Futures for the Dow ticked down less than 0.1 percent and the S&P 500 was essentially unchanged before the bell Wednesday. Shares of Activision Blizzard tumbled more than 11…
Fox Takes a Huge Hit Following Tucker Carlson’s Departure
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
Fox Stock Down $600 Million Since Tucker Carlson Exit
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
Software Engineers Face Layoffs as Tech Industry Begins Cutbacks
Software engineers face increasing prospects of being laid off as the tech industry begins downsizing due to economic uncertainties. Tech work was once considered a safe bet regarding job security, with many people encouraged to “learn to code” over the past two decades. Vox reported on April 21 that a trickle of layoffs in the tech industry…
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