Former President Donald Trump promoted his Wednesday night CNN town hall in New Hampshire but issued a word of caution about might happen. “I’ll be doing CNN tomorrow night, LIVE from the Great State of New Hampshire, because they are rightfully desperate to get those fantastic (TRUMP!) ratings once again. They made me a deal…
Trump Issues Warning Ahead of CNN Showdown: ‘Could Turn Into a Disaster for All’
LinkedIn Slashes Over 700 Jobs, Closes China App Amid ‘Evolving Market’
Employment platform LinkedIn has announced it is slashing hundreds of jobs and phasing out its app in China as part of a “streamlining” process amid declining revenue. Ruiqi Chen, editor at LinkedIn News, announced the move on May 8, noting that the platform plans to reduce roles across its sales, operations, and support teams. LinkedIn will also…
Tyson Foods Shares Plunge After Surprise Loss, Revenue Forecast Cut
Tyson Foods Inc. shares plunged 16 percent to a three-year low on Monday as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker-than-expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment while a shrinking cattle herd forces Tyson…
Millions Affected as Eastern Australia Suffers 12 Hour Mobile Blackout
Millions of Australians in the states of New South Wales (NSW) and Queensland were left without mobile phone services after a 12-hour mobile outage hit the eastern states last night around 10 p.m. on Monday night. Independent outage tracker Down Detector noted on Twitter that outages were detected last night at around 10:17 p.m. Telstra alerted…
Australia’s Largest Super Funds Invest $34 Billion in Fossil Fuels in 2022: Report
New research has found that the 30 largest superannuation funds in Australia invested $34 billion in fossil fuel companies, both domestic and overseas, in 2022. Market Forces, an environmentalist organisation that wants financial institutions to “go green,” has released an analysis indicating that Australia’s biggest funds have raised their investment in companies developing coal, oil…
Investors Should Prepare for Threat of a ‘Minsky Moment,’ Says Economist
May 8, 2023
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Investors should prepare for months of market readjustments due to the imminent threat of a “Minsky Moment,” said a top economist. The “Minsky moment” is named after economist Hyman Minsky’s description of a precipitous drop in asset prices after a build-up of debt. Ludovic Subran, the chief economist at Allianz, formerly worked at the World Bank…
Elon Musk Says Twitter Is Removing Inactive Accounts, Freeing up Desired Usernames
Twitter owner Elon Musk said the platform is permanently removing inactive accounts to release desirable usernames back into rotation, a move that had long been promised but never delivered. While Twitter does have an inactive account policy in place, it hasn’t done much to enforce it. The platform encourages users to log in at least…
Diesel Prices on Cusp of $4 a Barrel as Pump Prices Decline for Third Straight Week
May 8, 2023
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Business & MarketsCompaniesdiesel priceseconomic policieseconomyenergygas pricesinflationInvestmentMarketsoil marketspersonal financerecessionstocksUSUS debt ceilingUS News
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Average U.S. diesel prices have declined, while gas prices declined for the third consecutive week. The national average price of diesel fell by $0.063 over the last week, and now stands at $4.01 per gallon, $1.51 lower from a year ago, according to GasBuddy. The most common U.S. diesel price was $3.99 per gallon, which stood…
Oklahoma Governor Defunds State PBS Station, Citing ‘Over-Sexualization of Our Children’
May 8, 2023
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Oklahoma’s Republican Governor Kevin Stitt is defending his decision to cut funding for the Oklahoma Educational Television Authority (OETA), pointing to the “problematic” sexual content broadcasted that targeted children. OETA is the Public Broadcasting Service (PBS) member station for Oklahoma. Last week, Stitt vetoed a bill that sought to extend funding for OETA through 2026….
Biden Wants Airlines to Pay Americans for Lengthy Delays, Cancellations
The Department of Transportation (DOT) announced plans for new regulations that would require airlines to compensate passengers and cover expenses for meals and hotel rooms when flights were delayed or canceled. In a statement on Monday, DOT said the aim of the rules would be to require airlines to provide compensation beyond a ticket refund…
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