President Biden has joked about Donald Trump going broke and needing to beg for money. He’s made fun of the plummeting stock of Trump’s Truth Social company, poked fun at his mental health and taken a shot at his hair color. Biden even workshopped a line about Trump struggling to carry his own golf clubs. This post appeared first on ...
Paramount Global and Skydance Media are making progress on a deal that would merge the media companies and buy out controlling shareholder Shari Redstone. Paramount Global’s special committee and David Ellison’s Skydance Media, backed by private equity firms KKR and RedBird Capital Partners, are narrowing in on how to value Skydance’s assets as part of a merger, as well as how ...
Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 10% on Friday to their lowest level of the year. Although Intel’s revenue is no longer shrinking and the company remains the biggest maker of processors that power PCs and laptops, sales in the first quarter trailed estimates. Intel also gave ...
The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment, according to a recent study. Even as the vast majority of millennials struggle with student debt, low-wage service-jobs, unaffordable housing and low savings, the millennial elite are surpassing previous generations. According to the ...
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for ...
The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. In an interview, Transportation Secretary Pete Buttigieg said the requirement is designed to reduce pedestrian deaths, which have been on the rise in the post-Covid 19 era. ‘So many Americans [are] ...
NBCUniversal streaming service Peacock plans to raise prices for its ad-free service by $2 to $13.99 a month ahead of this summer’s Olympic Games in Paris as competition for online viewership intensifies. Peacock’s ad-supported option will also increase by $2, to $7.99 a month. The annual price for ad-free will cost $139.99, while the version with ads will be $79.99. ...
At least 35 people have been killed and dozens of others are missing after a dam burst in southern Kenya, sweeping away homes and vehicles as the country grapples with weeks of heavy rains and devastating flash floods. The incident comes as flooding has inundated large swathes of Kenya, killing at least 103 people and forcing thousands of residents from their ...
Scottish First Minister Humza Yousaf has resigned barely a year into the role after the collapse of his coalition government, a humbling and chaotic departure that throws Scotland’s ruling pro-independence party into chaos. Yousaf’s coalition government fell apart unexpectedly last week when he tore up a coalition agreement with Green Party lawmakers, a risky move that backfired spectacularly when the Greens said ...
Spanish Prime Minister Pedro Sanchez said Monday he will not resign, five days after canceling his public duties to “reflect” on whether to continue in the job, on the heels of a Spanish court opening a probe against his wife, Begoña Gomez. Sanchez, a socialist, made the announcement in a TV address from his official compound in Madrid, following a ...