By Jack Phillips Former presidential candidate Robert F. Kennedy Jr., who backed President-elect Donald Trump, said Wednesday that the Food and Drug Administration (FDA) bureaucracy should be winnowed down. Before the election, Trump had floated Kennedy as having a role in his administration, namely targeting federal agencies that oversee health care, food, and drugs. “There […]
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Posted inBusiness
US Fines Major Chipmaker for Selling to Company Connected to Chinese Military
By Catherine Yang The U.S. Department of Commerce on Nov. 1 fined GlobalFoundries U.S. Inc. $500,000 for shipping chips to Chinese firm SJ Semiconductor, a company that has been sanctioned by the United States for its ties to the Chinese military. GlobalFoundries is headquartered in Malta, New York, and has 14 locations around the globe, […]
Posted inNational News
Whoever Wins This Pennsylvania County Is Expected to Win the White House
By Joseph Lord ERIE, Pa.—Thousands turned out to the Bayfront Convention Center on Sept. 29 to hear former President Donald Trump speak. Hundreds more gathered outside the convention center to watch his speech on a jumbo display, while nearby stands were set up to register voters, hawk mail-in ballots, and hand out Trump–Vance yard signs […]
Posted inBusiness
Estée Lauder Is Paying the Price for Relying Too Much on China, Analysts Say
By Panos Mourdoukoutas Halloween saved a nasty surprise for Estée Lauder Company shareholders. The global cosmetics giant lost more than 24 percent of its market value at the opening, in a sign analysts say reflects an over-reliance on the Chinese market, which accounts for nearly one-third of its total sales. On Oct. 31, the New […]
Posted inHealthcare
RFK Jr. Says Trump Would Push to End Adding Fluoride to Drinking Water
By Jack Phillips Former independent presidential candidate Robert F. Kennedy Jr. said that former President Donald Trump will seek to end public water fluoridation if he’s elected president. “On January 20, the Trump White House will advise all U.S. water systems to remove fluoride from public water,” Kennedy, who Trump said will be part of […]
Posted inEconomy
Next US President to Face Slowing Economy, Experts Warn
By Petr Svab Regardless of who wins the election, the next president likely will have to deal with an economic slowdown next year, several experts told The Epoch Times. The government may try to intervene, but there’s a risk any remedies will cause harm, they said. On paper, the U.S. economy is chugging along nicely. […]
Posted inBusiness
Ex-FTX Executive Spared Prison Sentence After Cooperating Against Sam Bankman-Fried
By The Associated Press NEW YORK—An ex-FTX executive who testified against the cryptocurrency firm’s founder at his trial last year was spared a prison sentence Wednesday by a federal judge who credited his substantial cooperation and late arrival in the multibillion-dollar fraud. Nishad Singh, the company’s former engineering director, was sentenced in Manhattan by Judge […]
Posted inNational News
Pennsylvania ABC Affiliate Station Apologizes for Airing ‘Test’ 2024 Election Results
By Jack Phillips A local ABC affiliate station in Pennsylvania apologized this week after “test results” for the Nov. 5 presidential election “mistakenly appeared” on Sunday during a broadcast. In a statement published on its website on Sunday, WNEP-TV said the numbers showed up on the channel’s broadcast of the Formula 1 Mexico Grand Prix […]
Posted inBusiness
Trump’s Truth Social Is Worth More Than Elon Musk’s X Amid Stock Price Surge
By Jack Phillips Former President Donald Trump’s Truth Social is worth more than Elon Musk’s X platform after a recent surge in the shares of its parent company. Over the past month, Trump Media & Technology Group Corp, which trades as DJT, has surged by 220 percent, or about $35 per share. As of Wednesday, […]
Posted inEconomy
US Home Sales Poised for Worst Year Since 1995 as ‘Lock-in Effect’ Persists
By Andrew Moran Existing home sales in the U.S. real estate market are on track for the worst annual performance since 1995. According to the National Association of Realtors (NAR), existing home sales declined 1 percent in September, to a seasonally adjusted annualized rate of 3.84 million, the lowest since October 2010. They fell 3.5 […]
Posted inNational News
Trump Speaks at Madison Square Garden Rally
By Janice Hisle NEW YORK CITY—Former President Donald Trump took the stage at Madison Square Garden on Oct. 27 to cheers from the crowd at the jam-packed arena. As the former president began his remarks, a new campaign slogan—“Dream Big Again”—glowed in the upper tiers of the arena. “I’m asking you to be excited about […]
Posted inEconomy
US Home Prices Rise by ‘Fastest Pace’ Since April
By Naveen Athrappully Home prices in the United States rose on both a monthly and yearly basis last month, potentially moving up further over the coming months as interest rates remain above 6 percent, according to real estate brokerage Redfin. In September, housing prices increased by 0.5 percent compared to August, which is the “fastest […]
