Tag: Business & Markets

Geneva UN Summit on AI Explores Globalist Interventions

The Swiss government and the United Nations convened a summit on artificial intelligence (AI) in Geneva on July 6, with the goal of garnering advice on how to control the spread of AI in a globalist framework. The U.N. summit is titled “AI for Good Global Summit,” with 3,000 experts from companies like Microsoft and Amazon,…


FDA, FTC Warn Companies for Selling Copycat Snacks Containing Delta-8 THC

The Federal Trade Commission (FTC) and U.S. Food and Drug Administration (FDA) sent cease and desist letters on Wednesday to six companies for selling products containing delta-8 tetrahydrocannabinol (delta-8 THC) in packaging that closely resemble popular snacks and candy children eat. Delta-8 THC is the chemical in marijuana that makes people feel high. The agencies…


Bud Light Falls From Top 10 Most Popular Beers in America

After a significant decline in market capitalization and nationwide boycotts, Bud Light is now no longer among America’s top 10 most popular beers according to a prominent survey—with women ranking the brand lower than men. Bud Light was ranked 15th in the list of the most popular beers in the United States during the second…


Union Workers Make Safety Complaints at GM’s Electric Vehicle Plant

Union workers at a General Motors electric vehicle plant have been complaining of safety issues. Workers at a GM Ultium electric vehicle plant confronted caught a defective battery on fire late last month, reported the Financial Times. According to the fire department in Lordstown, Ohio, the factory workers were able to put it out, with two people…


Two-Year U.S. Treasury Yields Hit 16 Year High, as Investors Are Spooked by Latest Jobs Report

The latest U.S. jobs report led investors to raise the yield on the 2-year Treasury note to its highest level in 16 years while dumping their stocks. There was serious concern that strong U.S. employment levels would encourage the Federal Reserve to continue raising interest rates. The latest jobs estimate from ADP put pressure on…


Republican Attorneys General Warn Target Over ‘Obscene’ Pride and Satanic Merchandise

Indiana Attorney General Todd Rokita sent a letter to Target on Wednesday warning the corporation that its recent “Pride” campaign merchandise and donation efforts ran the risk of violating state child-protection laws. It also cited concerns about parental rights and neglect of fiduciary duties. “State child-protection laws penalize the ‘sale or distribution … of obscene…


Elon Musk Sues Wachtell Law Firm to Recoup Fees From Twitter Buyout

Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company. The complaint by Mr. Musk’s X Corp., which owns Twitter, was filed on…


Elon Musk Says Tesla Could Reach ‘Level 4 or 5’ Autonomous Driving This Year

Tesla CEO Elon Musk said the electric-vehicle maker is “very close” to achieving fully autonomous driving, predicting the advanced driving system will be ready this year. “In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision,” Mr. Musk said via video link at…


Stock Market Today: Wall Street Drifts After Jobs Report Comes in Warm but Hopefully Not Too Hot

NEW YORK—Wall Street drifted to a mixed finish Friday after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher. The S&P 500 lost 12.64 points, or 0.3 percent, to 4,398.95, though slightly more stocks within the index rose…


New York GOP Urges Mayor Adams Not to Adopt Wood-Fired Oven Rule

Republican New York lawmakers are urging Democratic New York City Mayor Eric Adams to back down on a plan to more heavily regulate emissions from wood and coal-fired ovens amid fears it could disrupt the city’s popular pizzeria scene. Late last month, the New York City Department of Environmental Protection proposed a rule (pdf) that would…