Tag: economy

The rise of artificial intelligence and the increasing popularity of cryptocurrency will continue to push electricity consumption to record highs in 2025 and 2026. The U.S. Energy Information Administration (EIA), in its latest Short-Term Energy Outlook (STEO), said power demand will rise to 4,193 billion kilowatt-hours (kWh) in 2025 and 4,283 billion kWh in 2026 […] ...

Southwest Airlines is in the process of outfitting all of its Boeing 737 planes with new technology aimed to improve safety on runways. SmartRunway and SmartLanding via the Honeywell Enhanced Ground Proximity Warning System have already been activated on more than 700 Southwest aircraft, the Honeywell Aerospace Technologies announced.  “SmartRunway and SmartLanding helps increase flight […] ...

Recent college graduates are aggressively hunting for their first job, but they are facing one significant problem: the labor market is deteriorating.  Economic research from the Federal Reserve Bank of New York indicated the labor market “deteriorated noticeably” in the first quarter of 2025, with those just entering the workforce taking the hardest hits.  The […] ...

President Donald Trump on Sunday said ICE must “expand efforts to detain and deport” illegal immigrants in “America’s largest [c]ities,” including Los Angeles, Chicago and New York.” The president’s comment came in a Truth Social post on Sunday evening after a week of anti-ICE protests that have taken place in major cities across the country, […] ...

A massive outage has been reported in the Los Angeles area on Father’s Day after internet and cable provider Spectrum linked the issue to “criminal acts of vandalism.”  “We are currently working on a Fiber cut affecting the Los Angeles area. We are sorry for the inconvenience this has caused. Thank you,” the company shared […] ...

Former Estée Lauder CEO Leonard Lauder has died at the age of 92, according to a company statement. Lauder, who was the son of company founder Estée Lauder, died on Saturday. He most recently served as chairman emeritus on the board of The Estée Lauder Companies, after previously serving as president and CEO. “Throughout his […] ...

Costco is set to open a new standalone gas station by spring. The city of Mission Viejo, Calif. has approved plans to tear down a former Bed, Bath and Beyond store to make room for the fuel pumps that will only be available to Costco members.  The station will feature 40 pumps only and will […] ...

Vanessa Hudgens’ former Los Angeles home is looking for a new owner. The “High School Musical” actress’ former home in Studio City is on the market for $4.18 million, in partnership with listing agent Michael J. Okun of Sotheby’s International Realty – Sherman Oaks Brokerage. According to the Robb Report, the 36-year-old actress first purchased […] ...

WASHINGTON — President Donald Trump’s delivered remarks Saturday evening at a historic military parade honoring the U.S. Army’s 250th anniversary. “Every other country celebrates their victories,” he said. “It’s about time America did too — that’s what we’re doing tonight.” “As we celebrate tonight, we also think of the hundreds of thousands of Army soldiers who […] ...

WASHINGTON — President Donald Trump’s delivered remarks Saturday evening at a historic military parade honoring the U.S. Army’s 250th anniversary. Trump spent the parade seated, or often standing and saluting the troops, flanked by first lady Melania Trump and Secretary of Defense Pete Hegseth. Thousands of Americans, including veterans, youth and dads celebrating Father’s Day, flocked […] ...

WASHINGTON — President Donald Trump’s historic military parade honoring the U.S. Army’s 250th anniversary kicked off in the nation’s capital Saturday evening.  Thousands of Americans, including veterans, youth and dads celebrating Father’s Day, flocked to downtown D.C. wearing “Make America Great Again” hats and patriotic gear displaying Old Glory despite the balmy weather and brewing thunderstorms. […] ...

Shaquille O’Neal will be paying seven figures to settle the class-action lawsuit against FTX that also named other high-profile athletes. O’Neal will pay $1.8 million after he was accused of touting the since-defunct cryptocurrency as a reputable and trustworthy investment option via paid endorsements. Legendary NFL quarterback Tom Brady and NBA star Stephen Curry, as […] ...

President Donald Trump issued an executive order on Friday approving U.S. Steel’s merger with Japan’s Nippon Steel through a National Security Agreement (NSA).  The NSA includes a commitment to more than $11 billion in new steelmaking investments in the United States by 2028 and the creation of more than 100,000 jobs.  The deal also gives […] ...

Businesswoman and former “Real Housewives of New York” star Bethenny Frankel sold the home she owned in Connecticut. The property, a roughly 3-acre estate known as “Applejack Farm” in the Greenwich area, fetched $7.825 million in a recent transaction. Corcoran Centric Realty’s Jeff Jackson represented Frankel, while Martha Jeffrey and Anne Oglivy of Sotheby’s International […] ...

Richard Simmons’ Los Angeles home is on the market.  According to The Robb Report, the late fitness instructor and TV personality purchased the Hollywood Hills home in the early 80s, and spent much of his time there after retreating from public life in 2014. He lived in the home until his death in July 2024 […] ...

The U.S. Army announced that it has surpassed its fiscal year 2025 recruiting goals four months ahead of schedule following years of falling short of its quota.  The milestone marks a potential turning point in one of the military’s most persistent challenges: recruitment. Last week, the Army announced that it had signed contracts with more […] ...

The White House directed the Defense Department and NASA earlier this month to collect information on billions of dollars in SpaceX contracts after the public spat between President Donald Trump and SpaceX CEO Elon Musk, according to a report. The Trump administration ordered the agencies to scrutinize Musk’s contracts to prepare for possible retaliation against […] ...

A new national poll indicates that Americans are divided over President Donald Trump’s deployment of the National Guard and U.S. Marines to the nation’s second most populous city. Aiming to extinguish escalating protests in Los Angeles sparked by immigration raids carried out by ICE at his administration’s direction, Trump sent in National Guard troops and […] ...

Sen. Lindsey Graham, R-S.C., called for the president to go “all-in” for Israel should a diplomatic end to the conflict with Iran not be met. Earlier in the day, President Donald Trump called on Iranian leaders to return to the negotiating table to strike a nuclear deal to avoid “even more brutal” attacks. Graham lauded […] ...

A recall of certain cases of Floria Dried Apricots is underway due to their packaging not disclosing the fruit contains sulfites.  Turkana Food Inc. issued a recall for 352 cases of the dried fruit Thursday through an announcement published on the Food and Drug Administration’s (FDA) website.  The dried apricots have 200-gram paper packaging. The […] ...

Lawmakers and mainstream media figures were blasted online Friday morning over some of their responses to the development that Israel executed a widespread bombing campaign against key Iranian targets. Sen. Chris Murphy, D-CT., wrote on X that Israel’s attack was “clearly intended to scuttle the Trump administration’s negotiations with Tehran,” and is “further evidence of […] ...

JetZero is making a significant investment in North Carolina as the company plans to construct a factory in Greensboro to produce its blended-wing-body jets there in the future. JetZero’s investment in Greensboro to build the airplane factory will amount to more than $4.7 billion and bring over 14,500 jobs to the area over time, Gov. […] ...

Foreign nationals with an extra $5 million can now register to be notified about when they can sign up to receive a fast pass to U.S. citizenship, also known as the “Trump Card.” President Donald Trump shared information about the program on Truth Social Wednesday night. “FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!” […] ...

EXCLUSIVE: More Americans support rather than oppose Israeli airstrikes on Iran’s nuclear facilities, according to a new national poll conducted before Israel’s Friday attack on Iran. But the survey, released by the Ronald Reagan Institute, indicates that most Democrats and Republicans don’t see eye-to-eye on the issue. MAJORITY OF AMERICANS BACK ISRAELI AIRSTRIKES ON IRAN, […] ...

  Investors flocked to safer assets, including gold and out of U.S. stocks, after Israel launched attacks against Iran’s nuclear sites.  All three of the major U.S. averages fell Friday, erasing weekly gains, with the Dow Jones Industrial Average off over 500 points or 1%, while the Nasdaq Composite and S&P 500 lost 0.6% mid-afternoon. […] ...