Category: Business & Markets

[PREMIERING NOW] Stella Morabito: Technocratic Totalitarianism, The Impulse to Conform, and AstroTurf Mobs Versus Organic Protest

“It doesn’t matter what your politics are. People want friends. People want family. They want strong relationships. Nobody wants to be lonely. And that’s why what I call the ‘weaponization of loneliness’ is so effective.” In this episode, I sit down with Stella Morabito, a senior contributor at The Federalist. She’s a former CIA intelligence…


Used-Car Prices Tumble in Largest Drop Since the Pandemic

Wholesale used-car prices tumbled for a third straight month in June, in the largest drop since the start of the pandemic in 2020. Prices in that sector, dropped by 4.2 percent from May to June, according to a  Cox Automotive’s Mannheim Used Vehicle Value Index (MUVVI), a measurement of wholesale prices of used vehicles, fell 10.3…


Top Official Calls on Mark Zuckerberg to Stop ‘Public Safety Threat’ Occurring on Facebook

Florida Attorney General Ashley Moody is demanding Meta CEO Mark Zuckerberg provide an explanation to the alleged high volume of human trafficking across Facebook, Instagram, and other platforms, after a report revealed that children are being exploited via Zuckerberg’s platforms. “Before launching new products or wasting time preparing for a cage match that will likely…


Not Just Bud Light: Anheuser-Busch’s Other Beers Are Also Suffering

As Bud Light and Budweiser continue to face a decline in sales amid a weeks-long boycott, data show that other Anheuser-Busch-owned beer brands are also taking a hit. Sales of  Michelob Ultra fell by 4.3 percent in the week that ended on July 1, as compared with the previous year, and Busch Light took an…


IN-DEPTH: Turbine Failures and Plunging Stock Add to Growing Doubt Over Wind Industry

An increase in the failure of wind turbine components and the subsequent financial fallout is creating uncertainty about the true sustainability of an industry campaigning for green energy. Siemens Energy announced on June 22 that it would be withdrawing its profit assumptions and initiating a technical review of Siemens Gamesa’s onshore wind farm, which could…


Minimum Wage Hikes Fuel Homelessness in US: Study

Higher minimum wages lead to more people becoming homeless, according to a recent study that identified a clear link between the hike in minimum wages and the phenomenon of homelessness—a 14 percent increase from 2014 to 2019. Higher minimum wages disincentivize businesses from hiring employees, and actually encourages letting go of workers to reduce costs. While…


Meta’s Twitter Rival Threads Surges to 100 Million Users Faster Than ChatGPT

Meta Platforms’ Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians, and other newsmakers joining the platform. “That’s mostly…


‘Never Go Woke’: Veteran-Owned Beer Brand Opens Shop in Virginia Amid Ongoing Bud Light Woes

A veteran-owned beer brand will be opening up shop in Virginia, heralding a substantial change in the business environment as consumers welcome patriotic brands that focus on delivering the best products for customers instead of advocating an ideology. Armed Forces Brewing Company is a military tribute beer company that will set up its headquarters and…


Federal Agency Forces Bank of America to Pay $100 Million to Customers

Bank of America will have to pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses, and opening accounts without customer consent, said a federal agency in a statement Tuesday. Separately, Bank of America will have to pay some $90 million in penalties to its organization and $60 million in…


Nonprofit to Buy Over 20 Maine Newspapers Including Portland Press Herald

The nonprofit National Trust for Local News is set to purchase a string of daily and weekly newspapers in Maine, including the Portland Press Herald, officials confirmed on July 10. The deal is set to be finalized in late July, and will also include all of the other assets of Masthead Maine, which also owns…