Business news

• LARRY KUDLOW: Biden will use every legal and political maneuver to block Trump from the White House

  26-04-2024 23:33
  
  Who is the best candidate to defend American democracy? Well, it's not Joe Biden. Biden and his lawfare allies have launched a legal campaign to tie up Donald Trump in court, actually out of court with gag orders, even putting him in the Supreme Court where his immunity plea is finally getting a fair hearing. The Alvin Bragg trial in New York is a farce. People can't even decide what the charges are, and the charges change from day to day and week to week. Nondisclosure agreements are
  
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• Tesla, Google, Oracle top week, along with Biden tax hikes and campus protests

  26-04-2024 23:01
  
  -Anti-Israel protests escalate across campuses nationwide; Patriots owner Robert Kraft pulls donations to one -1Q GDP hits the skids as inflation ticks higher, creating a new headache for the Fed -President Biden signals plans to raise taxes by eliminating cuts already on the books-Trump makes a pit stop at construction site heading to NYC trial -Tesla walks a tightrope in latest quarterly results -Google delivers investors a double surprise. Stock soars -Oracle's moving
  
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• FAA lawsuit claims agency discriminated against air traffic controller applicants on the basis of race

  26-04-2024 22:44
  
  The Federal Aviation Administration (FAA) is being sued in a class action lawsuit alleging it turned away nearly 1,000 air traffic controller applicants, solely based on their race.Former Nevada Attorney General Adam Laxalt, who now serves as co-counsel for Mountain States Legal Foundation based in Colorado, is leading efforts for a lawsuit that could set a new precedent and force companies to hire employees based on skills.Laxalt said the lawsuit represents nearly 1,000 people who went to schoo
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $34,554,969,025,868.11 as of 4/26/24

  26-04-2024 22:38
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — fell to $34,554,969,025,868.11 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $16 billion from the $34,571,627,122,114.08 figure reported the previous day.By comparison, just four decades
  
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• Google parent Alphabet delivers first-ever dividend, shares soar

  26-04-2024 22:25
  
  Google parent company Alphabet joined a handful of rival tech giants paying dividends, announcing its first-ever planned payout during its latest quarterly results, which were driven by momentum in search and plans to be even more dominant in AI. The $0.20 cash dividend will be paid on June 17th to shareholders of record as of June 10th for all three classes of company shares A, B and C. The search giant also authorized $70 billion in new share repurchases. The company is sitting on $108 bi
  
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• University of Florida lays out clear consequences for disruptive student, faculty protesters

  26-04-2024 21:58
  
  Florida's flagship university is making it clear that the disruptive anti-Israel protests occurring at colleges across the U.S. will not be tolerated on its campuses.The University of Florida released a directive Friday spelling out what is and is not acceptable behavior for those who wish to express their right to free speech at the school, along with the consequences for students or employees who cross the line.The memo obtained by FOX Business clarifies that demonstrators may engage in speech
  
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• Nearly 23% of the Canadian population reported food insecurity in 2022

  26-04-2024 21:39 via cbc.ca
  
  Canada’s poverty rate rose to 9.9 per cent in 2022, approaching pre-pandemic levels as government financial benefits introduced during the COVID-19 crisis ended, according to a Statistics Canada report released Friday.
  
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• Delta Air Lines Boeing plane loses emergency slide mid-flight, crew hears 'non-routine' vibrations

  26-04-2024 21:35
  
  After an emergency slide billowed off a Delta Air Line aircraft after takeoff Friday, the Los Angeles-bound Boeing plane was forced to return to New York City's John F. Kennedy International Airport.Delta Air Lines and the Federal Aviation Administration (FAA) confirmed to Fox News Digital that Flight 520 safely returned to JFK airport at around 8:35 a.m. Friday.Authorities said that the plane's crew alerted air traffic control after hearing a "non-routine" vibration from near the right wing.The
  
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• Luxury retailer Ted Baker Canada is seeking creditor protection

  26-04-2024 21:21 via cbc.ca
  
  The owners of Ted Baker's Canadian operations have filed for creditor protection in a bid to help the retailer get enough "breathing room" to decide whether to liquidate and wind down the business or pursue other unspecified alternatives.
  
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• Top Education Department official stepping down as college financial aid fiasco continues

  26-04-2024 21:09
  
  The official in charge of federal financial aid is leaving the Department of Education after the disastrous overhaul of the Free Application for Federal Student Aid (FAFSA) that has left students and families in limbo for months.DOE officials said Richard Cordray, the chief operating officer for Federal Student Aid, will step down at the end of June, USA Today reported Friday.A bipartisan spending bill passed in December 2020 included legislation aimed at reforming and streamlining the process f
  
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• Just one out of 10 SUVs receives 'good' crash test rating

  26-04-2024 20:59
  
  Only one in 10 small SUVs evaluated during an updated crash test earned a "good" rating, according to the Insurance Institute for Highway Safety (IIHS). The organization announced Thursday that it has updated its vehicle-to-vehicle front crash prevention test to address crashes that occur at higher speeds as well as crashes in which the struck vehicle is either a motorcycle or large truck. Through research and evaluation, the group works to reduce deaths, injuries and property damage i
  
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• Mortgage rates are still above 7% and home prices remain high

  26-04-2024 20:30
  
  Mortgage rates increased this week again, marking the second week in a row rates were above 7%. The average 30-year mortgage rate was 7.17%, up from last week when the average was 7.1%, Freddie Mac reported.Last year at this time, 30-year mortgages were slightly better off, but not by much. The average rate was 6.43%."Mortgage rates continued rising this week," Freddie Mac Chief Economist Sam Khater said in a press release."Despite rates increasing more than half a percent since the first week o
  
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• Southwest CEO says airline mulling changes to its open seating policy

  26-04-2024 19:24
  
  Southwest Airlines CEO Bob Jordan said Thursday that the carrier is considering changing the boarding and seating processes on its planes in order to improve its financial position."We’re looking into new initiatives, things like the way we seat and board our aircraft," Jordan said in an interview with CNBC on Thursday after the company reported a net loss in the prior quarter.Southwest became known for having a single economy class cabin with open seating assignments. Passengers will be a
  
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• Some Ring customers to receive portion of $5.6M in refunds as part of privacy settlement

  26-04-2024 18:15
  
  Some customers who purchased Ring security cameras will be eligible to receive refunds from the Federal Trade Commission (FTC).The FTC said this week that the refunds will collectively amount to over $5.6 million and be spread among more than 117,000 individuals. The money will be sent in the form of PayPal payments.Customers who will receive the refunds include those "who had certain types of Ring devices such as indoor cameras, during periods when the FTC alleges unauthorized users may have ha
  
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• Hertz says it lost another $195M from EV bet

  26-04-2024 18:02
  
  Hertz said Thursday that the rental car giant's failed investment in an electric vehicle fleet continues to be an expensive mistake, reporting it lost another $195 million last quarter in depreciation value from writing off the remaining EVs the company has held for sale.The company's total losses were $588 million, greater than Wall Street expectations. The news sent shares down more than 24% on Thursday. The stock pared some losses on Friday.In the previous quarter, Hertz announced its biggest
  
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• NY union members say Trump support is 'through the roof' after site visit: 'He takes care of the country'

  26-04-2024 17:18
  
  After getting to personally meet former President Donald Trump at their construction site, two Steamfitters Local 638 members said support for the 45th president is now "through the roof.""We all love him," Gary Zuto said on "The Bottom Line" Thursday after meeting Trump that morning. "He takes care of the country, the country that we live in, and that's what we love.""I see it on the job. Everybody's got Trump stickers on their hard hats," Zuto’s colleague Ronald Dioguard added. "They jus
  
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• Google releases AI skills course in education push

  26-04-2024 17:15
  
  Google rolled out a new course on Friday teaching people how to use artificial intelligence tools and announced its philanthropy arm is dedicating $75 million for 1 million Americans to take it for free as part of an initiative to make AI training more accessible.The Alphabet-owned tech giant said its Google AI Essentials course, developed and taught by its own AI experts, teaches workers basic skills for using generative AI tools — such as Google's Gemini or OpenAI's ChatGPT — and i
  
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• Drop in fuel demand and oil prices sends gas prices lower: AAA

  26-04-2024 17:07
  
  Gas prices dipped this week as demand for fuel and oil prices dropped, according to the latest AAA report. The national average cost for a gallon of gas declined to $3.65, a slight two-cent decrease from the previous week. Gas demand fell from 8.66 to 8.42 million barrels per day last week and oil prices decreased by 55 cents to settle at $82.81 per barrel of oil, according to data from the Energy Information Administration (EIA). Lower demand for gas and a continued dro
  
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• Calling all book lovers: Here are the top 10 cities for those who love to read

  26-04-2024 17:02
  
  Reading has always been a favorite hobby for many — but within the last few years, with the rise of the social media trend #BookTok, many newbies have joined the reading community. Lawn Love has announced its list of the best cities for book lovers — and some may seem unusual. The lawn care service company created the list by looking at four categories: access to bookstores, libraries, book clubs, and rare and antique bookstores. BEST CITIES TO RETIRE IN 2024
  
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• Fed's favorite inflation gauge rises faster than expected in March

  26-04-2024 16:38
  
  An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans.The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% — higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month.In another sign that prog
  
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• TikTok parent company says it won't sell, despite possible U.S. ban

  26-04-2024 15:08 via cbc.ca
  
  TikTok is gearing up for a legal fight against a new U.S. law that would force the social media platform to break ties with ByteDance, its China-based parent company.
  
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• Government hits Canada Life with financial sanctions

  26-04-2024 10:00 via cbc.ca
  
  The federal government has begun imposing financial sanctions on Canada Life after months of outcry from public servants, retirees and their families who were left fighting for medical claims to be covered.
  
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• EV sales have slowed. Do massive subsidies still make sense?

  26-04-2024 10:00 via cbc.ca
  
  Honda and Toyota are promising billions in new EV investments as governments hand out subsidies and tax credits. But EV sales in North America have slowed amid concerns over costs and range anxiety.
  
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