Elon Musk has reclaimed his position as the world’s richest man as the Tesla CEO’s net worth reached an estimated $187 billion this week, according to data tracked by Bloomberg Billionaires Index. In mid-December, Musk lost his top rank to French business magnate Bernard Arnault, chief executive of luxury brand Louis Vuitton’s parent company LVMH,…
Elon Musk Regains Title of World’s Richest Person as Tesla Shares Rebound
19 State Attorneys General Warn Grocers, Big-Box Retailers Against Mailing Abortion Pills
February 28, 2023
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abortionAlabamaBusiness & MarketsCompaniesDemocratsFloridaGeorgiaKentuckyMailingMississippiNorth CarolinaOhiopillsPoliticsRegional & State NewsRepublicansretailersSouth CarolinaState NewsTexasUSUS NewsUtahVirginia
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The attorneys general of 19 different states have sent a letter to Costco and Kroger warning the retail brands against sending abortion pills through the mail. Last month, the U.S. Food and Drug Administration (FDA) announced updated rules that allow stores with pharmacies, such as Costco and Kroger, to dispense the abortion drug mifepristone through…
Nissan Recalls Over 800,000 SUVs; Key Defect Can Cut Off Engine
DETROIT—Nissan is recalling more than 809,000 small SUVs in the U.S. and Canada because a key problem can cause the ignition to shut off while they’re being driven. The recall covers certain Rogues from the 2014 through 2020 model years, as well as Rogue Sports from 2017 through 2022. Nissan says the SUVs have jackknife…
Target’s Holiday Sales Get Boost From Discounts, Warns on 2023 Earnings
Target Corp. posted a surprise rise in holiday-quarter sales on Tuesday on higher store visits from discount-hungry Americans, even as it joined other retailers to caution on 2023 earnings due to an uncertain U.S. economy. Shares rose 2 percent as the company beat quarterly profit estimates for the first time in a year. Surging prices…
Wall Street Opens Lower as Treasury Yields Rise
Wall Street’s main indexes fell at the open on Tuesday as Treasury yields rose on bets of more interest rate hikes from the Federal Reserve. The Dow Jones Industrial Average fell 15.62 points, or 0.05 percent, at the open to 32,873.47. The S&P 500 opened lower by 5.05 points, or 0.13 percent, at 3,977.19, while…
Pennsylvania Chick-Fil-A Bans Unaccompanied Kids Under 16, Cites Behavioral Problems
The Chick-Fil-A restaurant in Royersford, Pennsylvania, will no longer tolerate rude, unaccompanied children dining in its restaurant. In a Feb. 22 Facebook post, the franchise said that anyone under age 16 is required to be accompanied by an adult. If not accompanied by an adult, they may go inside to purchase food but must take…
Pennsylvania Chick-Fil-A Bans Unaccompanied Kids Under 16
The Chick-Fil-A restaurant in Royersford, Pennsylvania, will no longer tolerate rude, unaccompanied children dining in its restaurant. In a Feb. 22 Facebook post, the franchise said that anyone under age 16 is required to be accompanied by an adult. If not accompanied by an adult, they may go inside to purchase food but must take…
White House Orders TikTok Purge from Government Devices
February 28, 2023
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Business & MarketsChinaChina Business & EconomyChinese RegimeChinese spy balloonCompaniesExecutive BranchJoe BidenMedia & Big TechNational SecurityPoliticstechnologyTikTokUSUS News
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The White House on Monday ordered the removal of the Chinese-owned TikTok app from all government devices and systems within 30 days in a bid to keep U.S. data safe. The Office of Management and Budget (OMB) said on Twitter that the Biden administration “has made advancing our nation’s cybersecurity a top priority.” “Today, OMB…
Shares Slip, Bond Yields Hit Multi-Year Highs on Inflation Fears
February 28, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy. France’s European Union-harmonised consumer prices rose to a record 7.2 percent in February while Spain’s EU-harmonised 12-month inflation was…
Wizz Air to Suspend Moldova Flights, Citing Security
BUDAPEST—Airline Wizz Air said on Monday it would suspend flights to the Moldovan capital Chisinau from March 14 due to concerns about the safety of its airspace, a decision Moldova’s civil aviation authority described as sudden and regrettable. Wizz Air said in a statement it would lay on extra flights from the Romanian city of…
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