WASHINGTON -The Biden administration is in talks with both oil-producing and consuming countries to tackle high oil prices, White House spokeswoman Jen Psaki said on Tuesday, adding that all options …
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U.S. household debt increased by $1 trillion in 2021, the most since 2007
by Reutersby ReutersBy Jonnelle Marte – U.S. consumer debt loads grew in 2021 by the largest amount in 14 years as people ramped up borrowing to afford homes, cars and other goods …
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After months of complaint by Elon Musk, Biden acknowledges Tesla
by Reutersby ReutersBy David Shepardson WASHINGTON – U.S. President Joe Biden publicly acknowledged the role of Tesla in U.S. electric vehicle manufacturing on Tuesday, after Chief Executive Elon Musk repeatedly complained about …
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Big Oil corporation BP reported its highest quarterly earnings in eight years in 2021, buoyed by diminished supply and increasing prices worldwide. BP earned a whopping $12.8 billion in profit …
- Politics
Senator Elizabeth Warren urges U.S. Justice Dept to aggressively fight price-fixing
by Reutersby ReutersWASHINGTON – U.S. Senator Elizabeth Warren, a Democrat who has argued for the breakup of tech giants like Amazon, Google and Facebook, has urged the Justice Department to be more …
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– Peloton Interactive Inc on Tuesday replaced its CEO and added new board members , as the exercise bike maker looks to revitalize sagging sales and win back investor confidence. …
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Manchester EMS is now hiring full and part time positions
by Phil Stiltonby Phil StiltonMANCHESTER TOWNSHIP – The Manchester EMS is now hiring for full and part-time positions. Earn between $18 and $28 per hour depending upon experience and status. The job entails 12 …
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Quantum computing company D-Wave to go public via $1.6 billion SPAC deal
by Reutersby Reuters– Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital in a deal that values the combined …
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Facebook should tighten doxxing rules on home addresses, says its oversight board
by Reutersby ReutersBy Elizabeth Culliford – Facebook owner Meta Platforms should not allow users to share people’s private residential information on its platforms even when the information is publicly available, the company’s …
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Olympics-Winter goods win as Games spark buying rush in China
by Reutersby ReutersBy Sophie Yu and Brenda Goh BEIJING – The start of the Beijing Winter Olympics has triggered a gold rush for winter sport goods in China, with online purchases of …
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WASHINGTON – U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation …
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Malaysia’s scandal-hit Supermax pays $6 million in compensation to migrant workers
by Reutersby ReutersKUALA LUMPUR -Supermax Corp Bhd, a Malaysian medical glove maker accused of using forced labour at its factories, said on Tuesday it had so far paid some $6 million to …
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Business Loan Company Sues NYC Man On Life Support From COVID-19
Marissa Amara on February 7, 2022 A man from the Bronx, New York, who is on life support due to COVID-19, was sued by a lending company after contracting COVID-19 …
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Dubai’s SHUAA Capital files with SEC for potential SPAC listing in NY
by Reutersby ReutersDUBAI – Dubai-listed investment bank SHUAA Capital said on Tuesday it has filed a registration statement with the U.S. Securities and Exchange Commission for the launch of a $100 million …
- MIsc. News
Judge dismisses fired Amazon worker’s lawsuit alleging discrimination
by Reutersby Reuters– A federal judge on Monday sided with Amazon.com Inc in dismissing a discrimination lawsuit that workplace organizer Christian Smalls had filed against his former employer. U.S. District Judge Rachel …
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Twitter-funded social media project Bluesky adds Jack Dorsey to board
by Reutersby ReutersBy Sheila Dang – Bluesky, a Twitter Inc-funded project that is seeking to rebuild how social media companies operate, said on Monday Twitter co-founder and former chief executive Jack Dorsey …
- Department of Justice Press ReleasesGovernment News
ST. THOMAS BUSINESS OWNER SENTENCED ON PAYCHECK PROTECTION PROGRAM (“PPP”) WIRE FRAUD CONVICTION
by DOJ Pressby DOJ PressOur nation-wide commitment to reducing gun crime in America. – click here – Public Service Announcement from the US Attorney’s OfficeDistrict of the Virgin Islands The Elder Justice Program stems …
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Arizona AG Demands GoFundMe Preserve Documents Related To Removal Of Freedom Convoy Fundraiser
Republican Arizona Attorney General Mark Brnovich’s office sent a letter to crowdfunding site GoFundMe on Monday requesting the company preserve documents related to its deletion of a fundraiser supporting a …
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Exclusive: Canada’s Crescent Point looks to sell some oil and gas assets -documents
by Reutersby Reuters(Drops inaccurate reference to Crescent Point being an oil sands company in last paragraph) By Shariq Khan – Canadian oil and gas producer Crescent Point Energy Corp is looking to …
- MIsc. News
U.S. Senate Democrats press JPMorgan for details on debt collection practices
by Reutersby ReutersBy Pete Schroeder WASHINGTON -Senior Democrats in the U.S. Senate are pressing JPMorgan Chase & Co for details on how they take overdue credit card borrowers to court. In a …
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Two major U.S. airlines announced Monday that they would merge companies becoming the nation’s fifth-largest airline. Frontier Group Holdings, Inc. agreed to buy Spirit Airlines, Inc. for $2.9 billion in …
- Business News
Activist Ortelius seeks control of Trecora board, nominates six- letter
by Reutersby ReutersBy Svea Herbst-Bayliss BOSTON -Activist investment firm Ortelius Advisors wants to take control of petrochemical products company Trecora Resources’ board and has nominated six directors, according to a letter seen …
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Analysis-Trump’s Truth Social app, self-proclaimed foe of Big Tech, needs Apple and Google to survive
by Reutersby ReutersBy Julia Love and Helen Coster – With just weeks to go before an expected launch, Donald Trump’s new media venture is trying to strike a delicate balance with its …
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U.S. on the road to 1950s-style unemployment, but it may only be a pit stop
by Reutersby ReutersBy Howard Schneider WASHINGTON – The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was …
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USDA to spend $1 billion to promote climate-friendly agriculture
by Reutersby ReutersBy Karl Plume – The U.S. Department of Agriculture will invest $1 billion in pilot projects that promote farming, ranching and forestry practices that cut greenhouse gas emissions or capture …