FedEx Corp on Thursday raised its fiscal 2023 profit forecast despite weak market conditions, citing progress on its plan to shave $3.7 billion in costs from its global delivery business. The Memphis, Tennessee-based company also posted a higher-than-expected quarterly profit despite a drop in volume. Fedex has been wringing costs from its bloated operations by…
Meta Launches Subscription Service in US
Meta Platforms Inc. on Friday launched its subscription service in the U.S., which would allow Facebook and Instagram users pay for verification in the same vein as Elon Musk-owned Twitter. The Meta Verified service will give users a blue badge after they verify their accounts using a government ID and will cost $11.99 per month…
New ‘Sensitive’ Editions of Roald Dahl Books Show Power of Big Tech
March 19, 2023
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The new “sensitive” editions of the Roald Dahl books by Netflix has been caused by a lack of competition in the digital space, Australian MP Andrew Leigh has said. This follows criticism of British publisher Penguin who was criticised for changing and rewriting Roald Dahl’s books. The changes were made to make them more suitable…
Around 200 US Banks at Risk of Silicon Valley Bank-Like Collapse: Study
Nearly 200 more banks could be vulnerable to the same type of risk collapsed Silicon Valley Bank earlier this month, according to a recently published study. Researchers with the Social Science Research Network found there are 186 banks across the United States that could collapse if half their respective uninsured depositors withdraw their funds. The Federal…
Almost 200 US Banks Are at Risk of Silicon Valley Bank-Like Collapse: Study
Nearly 200 more banks could be vulnerable to the same type of risk that collapsed Silicon Valley Bank (SVB) earlier this month, according to a recently published study. There are 186 banks across the United States that could collapse if half of their respective uninsured depositors withdraw their funds, researchers with the Social Science Research Network…
Swiss Government: UBS to Take Over Credit Suisse
Investment banking company UBS has agreed to purchase Credit Suisse after the Swiss government mediated the merger between the country’s two largest banks to avoid chaos in the financial markets before Monday. The announcement came after government officials had been scrambling for several days to figure out how to save the troubled lender Credit Suisse….
Swiss Government: UBS to Take Over Credit Suisse for More Than $3 Billion
Investment banking company UBS has agreed to purchase its rival Credit Suisse in a deal worth more than $3 billion after the Swiss government mediated the merger between the country’s two largest banks to avoid chaos in the financial markets before March 20. The announcement came after government officials had been scrambling for several days…
Dollar Tree Pulls Eggs From Store Shelves Over High Prices, Company Says
Low-end retailer Dollar Tree on Sunday confirmed it pulled eggs from store shelves as prices for the staple food item remain relatively high. “The cost of eggs is currently very high,” Dollar Tree spokesperson Randy Guiler told multiple news outlets, adding that eggs will be brought back at the chain’s thousands of stores when “costs…
California, Drugmaker Partner to Produce Affordable Insulin
March 19, 2023
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DOWNEY, Calif.—The state of California and a generic drug manufacturer announced a 10-year partnership Saturday to produce affordable, state-branded insulin that they hope will rival longtime producers and push down prices for a medication used by millions of Americans. The product is not expected on store shelves until at least next year, and it was…
PREMIERING 3/21 at 7:30PM ET: The Boot of the State—Mark Chenoweth on Suing Federal Agencies and Ensuring the Separation of Powers
March 19, 2023
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administrative stateAmerican Thought LeadersbidenBig TechBig Tech, Censorship, and SocialismBusiness & MarketsBusinesses in COVID-19CaliforniaCalifornia Gov. Gavin NewsomCCP Viruscivil libertiesCompaniescongressconstitutional rightsCoronavirus In-DepthDefending AmericaDistrict of ColumbiaDonald TrumpEducation & Family NewsEpochTVExecutive BranchFeatured TopicsFederal-State RelationsHigh-profile casesinflationLive VideosMedia & Big TechMissouriNew Civil Liberties AlliancePolicies & ImpactsPoliticsRegional & State NewsState Newsstudent debtSupreme CourtTracy HøegTrumpUSUS NewsVaccines & SafetyVideo
“Congress has to be the one that appropriates any funds from the treasury. That’s the power of the purse that Congress has. And if we lose that, then we’ll lose the country, because it has to be the elected representatives. If the executive is self-funding, then there’s just no ability to rein that in.” Mark…
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