As the cost of living soars across the country, young Americans are increasingly relying on their parents to help cover their living costs. Half of All Parents A new study has found that approximately half of all U.S. parents with adult children are still financially supporting their grown-up offspring, and this number is likely to […]
Author: Shannon Campbell
Weight Loss Pill Sensation Propels Pharma Giant Ahead of Tesla
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Novo Nordisk’s market valuation has increased so rapidly in recent weeks that it has overtaken Elon Musk’s EV giant. Novo Nordisk On Top A new weight loss pill being trialed by Olympic maker Novo Nordisk has sent the company’s value soaring. Its market value has now eclipsed that of electric vehicle manufacturer Tesla. Increases to […]
165-Day Countdown: U.S. House Pressures TikTok’s Chinese Owner to Divest
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The China-based owner of social media giant Tiktok has 165 days to divest, or the app will be banned in the U.S. TikTok Bill The United States House of Representatives passed a bill on Wednesday forcing the Chinese parent company of Tiktot, ByteDance, to sell its majority stake in the app. Divest or Be Banned […]
Ending Federal Program Spells Higher Internet Bills for Millions
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A federal program that subsidizes internet bills for low-income households is now on the chopping block, dealing a financial blow to millions. End of the ACP The Affordable Connectivity Program (ACP) is a federal benefit program instated in 2021 that has been providing low-cost internet for low-income households for the last 3 years. Running Out […]
U.S. Warns of Sanctions Against Chinese Banks Doing Business with Russia
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Washington has gone back and forth over sanctions on Chinese financial institutions, but the Treasury Secretary has shared that no moves are being made just yet. Talk of Sanctions In recent days, the possibility of U.S. sanctions against Chinese banks has loomed over the global marketplace. On Thursday, U.S. Treasury Secretary Janet Yellen clarified the […]
$250 Million Settlement for Warren Buffet’s Real Estate Ventures
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An enormous nationwide lawsuit has caused several brokerages, including one owned by Warren Buffet’s Berkshire Hathaway, to cough up hundreds of millions. $250 Million Settlement A property brokerage owned by billionaire investor Warren Buffet will pay $250 million as part of a lawsuit settlement over coercive real estate agent commissions. Owned by Berkshire Hathaway The […]
Manhattan Implements $15 Toll for Drivers in Peak Areas
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A controversial plan to charge drivers for entry to the busiest area of Manhattan has come under significant criticism and drawn-out legal action. Manhattan Entry Fee Incoming Starting on June 30, drivers in Manhattan will have to pay a $15 toll to enter the city’s crowded business district, in an effort to ease the area’s […]
Williams-Sonoma Hit with $3.2 Million Penalty for Deceptive ‘Made in USA’ Labels
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One company has received a record-breaking fine over misleading labels on their products. $3.2 Million Settlement Kitchenware and furnishings retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission order. Misleading Customers The company has been charged with using misleading advertising for its products, in particular labeling certain products as […]
Tesla Layoffs Hit Nevada Hard with 693 Job Cuts
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After announcing plans to reduce 10% of its workforce, Tesla has shared the next location for mass layoffs. New Layoff Details The world’s biggest EV manufacturer has finally started announcing the details of its mass staff reduction efforts this year, and a facility in Nevada is the latest location to be hit. Job Cuts in […]
Federal Student Aid COO Quits Amid College Aid Rollout Disaster
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After overseeing the botched introduction of a new FAFSA, the COO for Federal Student Aid is standing down amid criticisms and controversy. COO Standing Down The chief operating officer for Federal Student Aid in the US will be leaving his position by the end of June, according to an announcement from the Department of Education […]