The Mexican military has vacated a port in Mexico owned by Vulcan Materials Company of Birmingham, Alabama, according to a U.S. senator. “I am happy to hear that Mexican governmental forces have now heeded our request to withdraw from Vulcan’s port facility, following a nearly two-week unlawful takeover,” Sen. Katie Britt (R-Ala.) said in a…
Dispute That Led to Mexico Seizing American-Owned Port ‘Not Unprecedented’: Expert
March 28, 2023
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Bob Iger Memo Outlines Sacking of 7,000 Disney Staff
Disney will begin to lay off nearly 7,000 team members as early as this week, Disney’s CEO Bob Iger said in an email to staff on Monday. Iger laid out his plan and reasons for laying off so many employees in an email memo obtained by IndieWire. The layoffs—done in three stages—will begin this week for some,…
Inflows to Money Market Funds Top $280 Billion as Investors Pull Bank Deposits
March 28, 2023
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U.S. money market fund inflows have topped $280 million over the past two weeks, as many investors pull their bank deposits, according to a report. The Financial Times reported that more than $273 billion has flooded into money market funds this month, for the biggest month of inflows since the height of the pandemic in…
Investigation Reveals ‘Revolving Door’ of DOJ, Big Tech Employees
March 27, 2023
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Apple IncBig Tech CensorshipBig Tech, Censorship, and SocialismBusiness & MarketsCompaniesconstitutional rightsElon MuskESGFacebookFeatured TopicsGoogleMedia & Big TechPoliticsTwitterUSUS News
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In the midst of an ongoing lawsuit against the Biden administration alleging collaboration with social media companies to censor Americans, a new report has detailed the extent to which former Justice Department (DOJ) employees are now working at Big Tech firms. The American Accountability Foundation (AAF) investigated the resumes of recent hires and found that…
Biden Administration Hit With Class-Action Lawsuit Over Pressuring Big Tech to Censor Users
March 27, 2023
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AMERICABig Tech, Censorship, and SocialismBusiness & MarketsCCP VirusCompaniesExecutive BranchFeatured TopicsJoe BidenMedia & Big TechPoliticsrobert f. kennedy jrUSUS News
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President Joe Biden’s administration has been hit with a class-action lawsuit over how the president and other top officials pressured Big Tech to censor users. Lawyer Robert F. Kennedy Jr., his group Children’s Health Defense, and Louisiana resident Connie Sampognaro brought the suit in U.S. court in Louisiana against Biden and top officials like Surgeon…
Crypto Platform Binance Sued by CFTC Over ‘Secret Plot’ to Evade US Laws
The Commodity Futures Trading Commission (CFTC) has sued crypto platform Binance and several top executives, alleging that they offered unregistered crypto futures and other derivatives for trading in the United States in violation of U.S. laws and devised a “secret plot” to help customers evade restrictions. Binance stands accused of running a cryptocurrency derivatives-trading operation…
More Than 94,000 Prepayment Meters Forcibly Installed in UK Homes Last Year
Energy suppliers forcibly installed more than 94,000 prepayment meters in UK homes last year without customer consent, the government has revealed. As part of the government’s clampdown on “mistreatment of vulnerable customers,” Energy Security Secretary Grant Shapps on Monday named the suppliers that are the “most overzealous” in the use of these meters. According to…
Indonesia’s Pertamina Says 2 Crew Killed After Fire on Tanker
JAKARTA—Two crew members have died and one is missing after a fire broke out on an oil tanker carrying fuel to terminals on the Indonesian islands of Bali and Lombok, the state energy company Pertamina said in a statement late on Sunday. The chartered vessel, MT Kristin, had 17 crew on board and was carrying…
Deutsche Bank Shares Rebound as Stress on Banking Sector Eases
Deutsche Bank shares rebounded on March 27 after plummeting by as much as 16 percent on Friday, suggesting investors may be feeling slightly more optimistic about the current state of the European banking industry. Shares of Germany’s largest bank were up 6.3 percent as of 15:04 p.m. in Frankfurt, while other European banking stocks, including Commerzbank AG, Barclays…
Wall Street, Banks Rise After SVB Sale to First-Citizens
March 27, 2023
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U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co. Futures for the Dow Jones Industrial Average and S&P 500 each climbed 0.8 percent early Monday. The FDIC…
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