The Oklahoma City Thunder are one win away from popping bottles in the locker room for the first time since making the move from Seattle. The SuperSonics won the NBA title in 1979, but when Kevin Durant, Russell Westbrook and James Harden made up the new Big 3 in Oklahoma City, the newest fan base […] ...
Tag: economy
SpaceX Starship explodes on Texas launch siteSpaceX Starship explodes on Texas launch site
SpaceX’s Starship exploded Wednesday night during a test at SpaceX’s Starbase in Boca Chica, Texas. Around 11 p.m. local time Wednesday, “the Starship preparing for the tenth flight test experienced a major anomaly while on a test stand at Starbase,” SpaceX said in a post on X. “A safety clear area around the site was […] ...
Who could replace Fed Chair Powell? These are the top contendersWho could replace Fed Chair Powell? These are the top contenders
President Donald Trump, unhappy with the Federal Reserve for not cutting interest rates, has called Chairman Jerome Powell a “numbskull,” “Mr. Too Late” and referred to him as a “stupid person” before policymakers left interest rates unchanged for the fourth time this year on Wednesday. He has also floated naming a replacement for Powell even […] ...
Social Security trust fund now projected to run dry in 2034, triggering massive benefit cutsSocial Security trust fund now projected to run dry in 2034, triggering massive benefit cuts
The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs’ trust funds, which are expected to be depleted sooner than previously thought. The Social Security and Medicare trustees “found that the Social Security and Medicare programs both continue to face significant financing issues.” Trustees found that if Social […] ...
Seven suspects charged in daring $100M jewelry heist authorities call ‘largest’ in US historySeven suspects charged in daring $100M jewelry heist authorities call ‘largest’ in US history
Seven people were charged with carrying out a 2022 jewelry heist that officials say was the “largest” in American history. The theft took place in California in July 2022 when a Brinks truck moving a large amount of jewelry from a trade show stopped at a rest stop, the U.S. Attorney’s Office for the Central […] ...
Dad’s jaw-dropping Disney ‘Princess Breakfast’ bill leaves social media users stunnedDad’s jaw-dropping Disney ‘Princess Breakfast’ bill leaves social media users stunned
A family of five’s breakfast at Disneyland in California has gone viral after a father shared a photo on social media of the meal’s pricey nearly $1,000 receipt. X user John ‘Rock & Roll’ Tolkien, or @jrockandrollt, took to the social media platform on Monday to share his sticker shock after he received a $937.65 […] ...
Trump signals uncertainty over whether he will support GOP senator’s push to boost the minimum wageTrump signals uncertainty over whether he will support GOP senator’s push to boost the minimum wage
President Donald Trump signaled he was not sure about whether, or not, he would support a recent proposal led by GOP Missouri Sen. Josh Hawley to raise the federal minimum wage to $15 per hour. “I haven’t seen it. I’d have to speak to Josh. He’s a very good friend of mine,” Trump said Wednesday […] ...
Top economist warns America is heading toward economic disaster the Fed can’t fixTop economist warns America is heading toward economic disaster the Fed can’t fix
Euro Pacific Asset Management Chief Economist Peter Schiff voiced some criticism of the Federal Reserve and sounded the alarm about the economy during an appearance Wednesday on “The Claman Countdown.” Schiff’s comments on the show came not long after the Federal Open Markets Committee (FOMC) wrapped up its latest meeting in the afternoon, electing to […] ...
Rays enter ‘exclusive discussions’ for potential sale with Florida investment groupRays enter ‘exclusive discussions’ for potential sale with Florida investment group
The Tampa Bay Rays are in “exclusive discussions” with an investment group in Florida about a potential sale of the team. “The Tampa Bay Rays announced that the team has recently commenced exclusive discussions with a group led by Patrick Zalupski, Bill Cosgrove, Ken Babby and prominent Tampa Bay investors concerning a possible sale of […] ...
Mark Walter reaches agreement to buy Lakers majority stake at record valuation of $10 billion: reportMark Walter reaches agreement to buy Lakers majority stake at record valuation of $10 billion: report
The Buss family has reportedly entered an agreement to sell majority ownership of the Los Angeles Lakers to Mark Walter, the chairman and controlling owner of the Los Angeles Dodgers. The deal is reportedly valued at $10 billion, which is by far the most for any sale of a professional sports team in world history, […] ...
Major oil price shock looming as Israel-Iran conflict threatens critical global shipping passageMajor oil price shock looming as Israel-Iran conflict threatens critical global shipping passage
If the escalating conflict between Israel and Iran significantly cuts supply in the global oil market, prices could surge to as much as $120 a barrel due to a potential threat to a significant shipping lane, according to industry experts. The price of West Texas Intermediate, a key crude oil benchmark, is sitting around a […] ...
Border wall construction surges ahead as illegal crossings plummet to historic lowsBorder wall construction surges ahead as illegal crossings plummet to historic lows
Arizona and Texas are expected to have more of the border wall constructed following recent actions from the federal government. In the Grand Canyon State, U.S. Customs and Border Protection gave Fisher Sand & Gravel Co. over $300 million to build 27 miles of the wall in the Tucson Sector, which was a hotbed of […] ...
Deficits from ‘big beautiful bill’ to rise nearly $2.8T under new dynamic estimate: CBODeficits from ‘big beautiful bill’ to rise nearly $2.8T under new dynamic estimate: CBO
The nonpartisan Congressional Budget Office (CBO) released a new dynamic analysis that found Republicans’ “big beautiful bill” would raise budget deficits by over $300 billion more than in its previous analysis, which estimated it would widen deficits by $2.4 trillion over a decade. The CBO found that the House-passed version of the legislation would raise federal budget […] ...
‘Squad’ members, GOP lawmaker join forces to reject US involvement in Israel-Iran war‘Squad’ members, GOP lawmaker join forces to reject US involvement in Israel-Iran war
Rep. Thomas Massie, R-Ky., a conservative fiscal hawk who refused to sign onto President Donald Trump’s “big, beautiful bill,” is building an unlikely bipartisan coalition of lawmakers resisting the United States’ involvement in the conflict between Israel and Iran. “This is not our war. But if it were, Congress must decide such matters according to […] ...
Honda recalls 259,000 vehicles due to dangerous brake pedal defectHonda recalls 259,000 vehicles due to dangerous brake pedal defect
Honda is recalling about 259,000 Honda and Acura vehicles due to a problem with a brake pedal defect that could potentially present a safety hazard. American Honda announced the recall impacting some Honda Pilot sedans from the model years 2023-2025, Acura MDA SUVs from the model years 2023-2025 and Acura TLX sedans from the model […] ...
Federal Reserve leaves key interest rate unchanged for fourth straight meetingFederal Reserve leaves key interest rate unchanged for fourth straight meeting
The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged following its June monetary policy meeting as policymakers continue to monitor inflation and labor market data amid elevated economic uncertainty. The central bank’s decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%. It comes after […] ...
Trump-backed ‘internet money’ could drive trillion-dollar market and strengthen the dollarTrump-backed ‘internet money’ could drive trillion-dollar market and strengthen the dollar
A revolution in the cryptocurrency world may soon go mainstream, as lawmakers move to formally regulate stablecoins, a digital currency designed to maintain a fixed value. “The internet is now colliding with the financial industry and the financial system,” said Circle CEO and co-founder Jeremy Allaire on “Mornings with Maria” Wednesday. “There’s an opportunity to […] ...
General Mills latest US food giant pulling artificial dyes from productsGeneral Mills latest US food giant pulling artificial dyes from products
General Mills is the latest U.S. food giant pledging to remove FD&C artificial dyes from its portfolio of products within the next two years amid calls from the Trump administration to eliminate artificial colors from the nation’s food supply. For its part, the Minnesota-based food giant said it plans to remove artificial colors from all […] ...
Pentagon pizza theory resurfaces during Israel-Iran conflict as social media tracks ordersPentagon pizza theory resurfaces during Israel-Iran conflict as social media tracks orders
A theory about the Pentagon and nearby pizza restaurant’s busy-hours is making the rounds again amid the ongoing conflict between Israel and Iran. People have theorized that pizza joints near the Pentagon get significantly busier before geopolitical conflicts, with instances of that supposedly being predictors that something significant is about to unfold on the world […] ...
Home Depot co-founder warns of America’s ‘scary’ trillion-dollar debt interest as markets signal troubleHome Depot co-founder warns of America’s ‘scary’ trillion-dollar debt interest as markets signal trouble
A self-proclaimed “free trade guy,” Home Depot co-founder Ken Langone waved the warning flag over American markets and the economy due to one “scary” indicator. “I really believe, and I hope Washington hears this, that we have to be mindful of the importance of our status in the world economy and the world markets, because […] ...
Trump slams ‘stupid’ Fed Chair Jerome Powell ahead of interest rate decisionTrump slams ‘stupid’ Fed Chair Jerome Powell ahead of interest rate decision
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central bank’s interest rate decision, calling him “a stupid person.” “We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut.” The Fed will announce its latest decision on whether to cut interest rates on Wednesday. The […] ...
Amazon CEO says AI will reduce his company’s workforceAmazon CEO says AI will reduce his company’s workforce
Amazon CEO Andy Jassy says artificial intelligence will “change the way” work is done and expects the company’s total corporate workforce to be reduced as a result. Jassy shared the message with employees on Tuesday. “As we roll out more Generative AI and agents, it should change the way our work is done,” he said. […] ...
Gap pours $58M into robotics and automation at its largest global distribution facility in TennesseeGap pours $58M into robotics and automation at its largest global distribution facility in Tennessee
Gap Inc. is investing tens of millions of dollars to boost operations at its Tennessee distribution center, underscoring the company’s focus on strengthening domestic operations under CEO Richard Dickson’s leadership. Gap Inc.’s $58 million investment in its Gallatin distribution center, located on a 2.3-million-square-foot campus just outside Nashville, will create 100 new jobs to support […] ...
Fast-food giant maintains iron grip on customer satisfaction amid restaurant industry changesFast-food giant maintains iron grip on customer satisfaction amid restaurant industry changes
Americans have a lot of choices when they want to eat out, whether it be at a fast-food chain or a full-service restaurant, with customer satisfaction being a significant factor in where they go. A new report from the American Customer Satisfaction Index (ASCI) offers insight into how brands stack up in terms of customer satisfaction. […] ...
White House confirms new 90-day extension of reprieve on TikTok ban: ‘Up and running’White House confirms new 90-day extension of reprieve on TikTok ban: ‘Up and running’
President Donald Trump will sign a new executive order this week granting TikTok another 90-day reprieve from a pending U.S. ban, the White House confirmed Tuesday. It’s the third extension since Trump took office in January. “President Trump will sign an additional executive order this week to keep TikTok up and running,” White House press […] ...