Business
The Economist endorses Kamala Harris, defends presidential endorsements as ‘example’ of independence
The Economist endorsed Vice President Kamala Harris for the 2024 presidential election, while several notable publications have opted out of making an endorsement for the presidential race. On Thursday, the editorial board announced it would throw its support behind Harris over former President Trump in the days leading up to…
Trump just keeps stealing the show — and that’s the subject of the riff. Of course, it was Joe Biden who shot himself, Kamala Harris and the entire Democratic Party in the foot when he called Trump supporters “garbage.” That was insane. But then it was Donald Trump doing a press…
A Russian Court fined Menlo Park, California-based Google $2 decillion, which continues to grow each day over penalties for non-payment, for blocking content on YouTube, according to reports. Russian state news agency Tass reported that Google owes the Russian government the equivalent of $2 decillion, a 34-figure number.The world’s combined…
An emergency injunction to halt Elon Musk’s daily $1 million giveaways to Pennsylvania voters was delayed Thursday after a Philadelphia judge granted his request for a last-minute venue change – a decision that could allow Musk to continue to dole out the awards, via his Trump-supporting America PAC, through Election…
Ford announced Thursday that it will temporarily pause production of its electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs. The automaker plans to idle the Rouge Electric Vehicle Plant, which is located outside of Detroit and makes the F-150 Lightning, after the end of the shift on…
Starbucks will soon ditch the fee it charges to customers who substitute non-dairy milk in drinks. The coffee giant said Wednesday that the extra fee for customers who swap dairy milk for soy milk, oat milk, almond milk and coconut milk will end on Nov. 7 at company-owned and operated…
Peloton on Thursday named Ford executive Peter Stern as its new CEO, tasking him with trying to turn around the beleaguered high-end fitness company. It’s the company’s third CEO in under three years. Stern, who currently serves as the president of Ford Integrated Services, will take over as CEO and join…
Trump Media & Technology Group shares reversed course this week after rallying for over a month, and the correction shed more than $1 billion from the net worth of former President Trump, the company’s majority shareholder. The stock, which trades under the ticker DJT, plummeted 22% on Wednesday, marking its…
Mortgage rates continued their upward climb this week, leaving demand essentially flat in the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.72% from last week’s reading of 6.54%. The average rate on a…
During his “My Take,” Thursday, “Varney & Co.” host Stuart Varney argued that President Biden’s repeated blunders and penchant for making news for all the wrong reasons could swing votes away from Vice President Kamala Harris and towards former President Donald Trump. STUART VARNEY: One of my colleagues here at…