CHEYENNE, Wyo.—Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark. Too many businesses and others refer to “Taco Tuesday” for Taco John’s to be able to have exclusive rights to the phrase, Taco Bell asserts in…
‘Taco Tuesday’ Trademark Tiff Flares Anew Between Fast Food Competitors
Latest AI Model Shows Signs of ‘Human-Level’ Intelligence: Microsoft Research
OpenAI’s artificial intelligence system GPT-4 has shown “sparks of artificial general intelligence (AGI),” displaying abilities in a wide range of knowledge domains with a performance that is almost at the “human-level,” according to a paper by Microsoft Research. An AGI would be able to understand the world as human beings do and have a similar…
Home Depot Cuts Forecasts Amid Pullback on Home Improvements
Home Depot’s revenue during the first quarter fell short of expectations and the company on Tuesday cut its annual sales forecast and projected a decline in profit for the first time since 2009. Shares of the nation’s largest home improvement chain tumbled about 4 percent, while those in rival Lowe’s dropped nearly 3 percent. For the…
Corporations Threatening Free Speech and Religious Freedoms Exposed in Business Index
May 17, 2023
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Business & MarketsCompaniescorporate censorshipPolicies & ImpactsSocial IssuesUSUS Newswoke ideologies
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Non-profit Alliance Defending Freedom (ADF) has published this year’s Viewpoint Diversity Score Business Index, putting the spotlight on corporations with little respect for freedom of faith and speech that put Americans at risk of getting punished for their beliefs. The index measures how tolerant a corporation is when it comes to respecting free speech and…
Bud Light Sales Crash Worsens in Latest Week Since Dylan Mulvaney Fiasco
The latest industry figures show that Bud Light’s sales slump deepened into May as the fallout from the brand’s engagement with transgender influencer Dylan Mulvaney continues to hammer Bud Light’s bottom line. Sales volumes of Bud Light fell by 23.6 percent in the week ended on May 6, according to retail scanner numbers cited by…
Stellantis Recalls Nearly 220,000 Jeep SUVs Over Fire Risk, Says to Park Vehicles Outside
Chrysler-parent Stellantis announced on May 16 a recall of 219,000 Jeep SUVs worldwide over a potential fire hazard involving the power liftgate. The recall covers model years 2014–2016 of Jeep Cherokee SUVs equipped with a power liftgate. An electrical short in the power liftgate module may lead to a vehicle fire with the ignition on…
Home Depot Cuts Forecasts, Signals Weakness Ahead for Big US Retailers
Home Depot Inc. on Tuesday cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending as a big earnings week for U.S. retailers rolls out. Shares of the largest U.S. home improvement chain, which also blamed a wet start to Spring and falling lumber prices…
State AGs Charge That Insurance Companies’ Net Zero Agenda May Violate US Antitrust Laws
May 17, 2023
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antitrustAntitrust SuitBusiness & MarketsCompaniescorporate collusioninsurance companiesInvestmentstate attorneys generalUSUS News
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Attorneys general from 23 states issued a letter to 28 insurance companies on May 15 requesting information regarding possible violations by the insurers of U.S. antitrust laws. In what could be the first step towards an antitrust lawsuit, the state AGs requested that the insurance companies provide details on their membership in climate associations like…
ANALYSIS: Stanford Professors Fear Half of US Banks Approaching Insolvency, as Navarro Blames ‘Biden’s Inflation’
May 16, 2023
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Business & MarketsCompanieseconomic policieseconomyFederal ReserveFirst RepublicnavarrorecessionSVBUSUS banksUS News
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In a recent analysis, professors Anat Admati, Martin Hellwig, and Richard Portes present a scathing critique of the U.S. banking sector’s systemic issues, brought into focus by the 2023 banking crisis. Their analysis, in particular, centers around the failure of Silicon Valley Bank (SVB) and First Republic Bank, highlighting the systemic issues afflicting U.S. banks….
Former Audi Chief Pleads Guilty in Automaker’s Diesel Emissions Scandal
FRANKFURT, Germany—The former head of Volkswagen’s luxury division Audi pleaded guilty Tuesday to charges tied to the automaker’s diesel emissions scandal, becoming the highest-ranking executive convicted over cars that cheated on emissions tests with the help of illegal software. Rupert Stadler answered “yes” to a statement read in court by his attorney that said Stadler…
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