By Andrew Moran U.S. economic growth for the fourth quarter was revised downward for the final three months of 2023, missing market expectations. Despite revisions in the second estimate of the gross domestic product figures, the national economy still showed robust growth. The economy expanded by 3.2 percent in the October-to-December period, down from the […]
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Posted inBusiness
Kevin O’Leary Slams Threat to Take Trump’s Properties
By Naveen Athrappully Investor and Shark Tank host Kevin O’Leary has expressed further concerns about the potential seizure of former President Donald Trump’s assets in New York, calling the litigious situation “scary.” On Feb. 16, the New York Supreme Court ordered President Trump to pay $355 million in damages related to a controversial fraud case. […]
Posted inNational News
NY Court Strikes Down Law That Let Noncitizens Vote in Local Elections
By Tom Ozimek A state appeals court on Feb. 21 declared as unconstitutional a New York City law permitting noncitizen voting in local elections—a victory for election integrity advocates and opponents of the legislation who mounted a legal challenge. “We determine that this local law was enacted in violation of the New York State Constitution […]
Posted inNational News
Lara Trump Vows Largest-Ever Legal ‘Ballot Harvesting’ Operation If Elected RNC Co-chair
By Janice Hisle NORTH CHARLESTON, S.C.—Lara Trump says efforts of “historic” proportions are needed to ensure that Republicans, including her father-in-law, former President Donald Trump, win the Nov. 5 election. Ms. Trump says she is ready to take on that challenge if she becomes co-chair of the Republican National Committee (RNC), as President Trump has […]
Posted inNational News
Bankruptcy Judge Allows Rudy Giuliani to Appeal $148 Million Defamation Verdict
By Caden Pearson A New York bankruptcy judge has allowed Rudy Giuliani to appeal a $148 million defamation verdict so long as he uses pre-approved donors for legal expenses. U.S. Bankruptcy Judge Sean Lane, in his order on Tuesday, specified that such fees and expenses must not be paid from Mr. Giuliani’s current assets. “Any […]
Posted inEconomy
Record Household Debt Suggests Consumers Facing Financial Strain
By Andrew Moran The U.S. economy has stumped observers and defied recession calls. Despite the plethora of headwinds threatening the world’s largest economy, from soaring borrowing costs to inflationary pressures, the country has witnessed better-than-expected gross domestic product (GDP) readings and strong labor market conditions. Experts have rationalized the hot data by alluding to resilient […]
Posted inHealthcare
The Lesser-Known Reality of ‘Organic’: Why the Label Doesn’t Mean What It Used To
By Jennifer Galardi Over the past few decades, the market for organic food has skyrocketed into a multibillion-dollar business. While many consumers are willing to pay more for certified organic food, others wonder if it is worth the cost. Why Is Organic More Expensive? The demand for organic labeling exploded in the recent decade as […]
Posted inBusiness
Big Banks Charge Higher Credit Card Interest Rates Than Small Banks, Credit Unions: CFPB Report
By Naveen Athrappully Larger banks and financial companies charged higher interest rates last year for credit cards while also engaging in “anti-competitive behavior” detrimental to customers, according to a recent report from the Consumer Financial Protection Bureau (CFPB). “During the first half of 2023, small banks and credit unions tended to offer cheaper interest rates […]
Posted inNational News
Trump Speaks Out at Mar-a-Lago After Fraud Ruling
By Catherine Yang Outside Mar-a-Lago, former President Donald Trump blasted New York Attorney General Letitia James and New York Supreme Court Justice Arthur Engoron after he was found in a civil fraud case to be liable for fraud. “I paid over $100 million in taxes and they want me out,” President Trump said, claiming businesses […]
Posted inEconomy
Wholesale Prices Rise More Than Expected, Suggesting Inflation Stuck in High Gear
By Tom Ozimek After hotter-than-expected retail inflation data sent stocks plunging earlier this week, a measure of wholesale inflation has also come in higher than markets expected, fanning fears that inflationary pressures are making a comeback. The Producer Price Index (PPI), which measures prices received by producers of goods and services, rose 0.3 percent month […]
Posted inImmigration
Massive Illegal Immigrant Expenses May Affect Credit Ratings of NYC, Chicago, Denver: S&P Report
By Bill Pan The spiraling cost of caring for the surging influx of illegal immigrants and asylum seekers could affect the credit ratings of three large American cities, S&P Global Ratings said in a new report. “State and local governments are shouldering the rapidly growing costs of assisting migrants and asylum seekers as their numbers […]
Posted inWorld
Oil Prices Drift Up With Focus on Middle East
By Reuters LONDON—Oil prices edged up on Tuesday as uncertainty over fighting in the Middle East kept markets on edge, but gains were capped by concerns that central banks will keep interest rates higher for longer to battle inflation, weighing on energy demand. Brent futures rose 30 cents to $82.30 a barrel as of 0924 […]
