Category: Business & Markets

Interest Rates Likely to be Raised ‘Couple’ More Times This Year: Fed Official

Interest rates are likely to be raised a “couple” of more times this year as inflation is still far too high, says the head of the Federal Reserve Bank of San Francisco. Despite price pressures slowing, San Francisco Fed Bank President Mary Daly believes the institution needs to continue raising interest rates, a policy decision…


Interest Rates Likely to Be Raised ‘a Couple’ More Times This Year: Fed Official

Interest rates are likely to be raised “a couple” more times this year as inflation is still far too high, the head of the Federal Reserve Bank of San Francisco says. While price pressures are slowing, San Francisco Fed President Mary Daly says the central bank needs to continue raising interest rates, a policy decision…


Disney Crowd Sizes ‘Shockingly Low’ Amid Backlash

Walt Disney World crowd sizes over the July 4th long weekend were “shockingly” thin, according to tracking data provider Touring Plans, which predicted that the low-attendance trend seems poised to continue amid ongoing conservative backlash to what some describe as a woke agenda. Disney has been embroiled in a legal and political fight with Florida…


Waiting for ‘Buyers to Come’: Unsold Electric Vehicles Piling Up in Car Dealerships, Says Report

The number of unsold electric vehicles at dealers in the second quarter tripled compared to the past year, signaling a weakened demand for the segment, said a recent report by leading auto-dealer data company Cox Automotive. In second quarter 2023, the average inventory for electric vehicles (EVs) topped more than 92,000 units on the ground…


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…


[PREMIERING 7/11, 7:30PM ET] 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…


Big Business’s Not-So-Soft Bigotry of Low Expectations

Commentary There are those who are convinced that the United States is incurably racist. Last week’s U.S. Supreme Court decision ending once and for all the explicit consideration of race in college admissions exposed entrenched racism within this country’s society all right. But it turns out that where it is found is in an unholy…


UFC President Offers Employees Free Tickets to See ‘Sound of Freedom,’ Calls on Other Executives to Do the Same

The president of the Ultimate Fighting Championship (UFC), Dana White, is offering his employees free tickets to go see “Sound of Freedom,” a film based on true events surrounding efforts to combat human trafficking. “There’s a new movie out called ‘The Sound of Freedom,’ and it’s about human trafficking,” Mr. White began a Twitter video…


ChatGPT Monthly Traffic Falls Nearly 10 Percent as ‘Novelty Wears Off’

Monthly traffic at the AI chatbot service ChatGPT has fallen for the first time, declining almost 10 percent in June after multiple months of growth, according to a recent report by internet data firm SimilarWeb. Global desktop and mobile traffic to the ChatGPT website is estimated to have declined by 9.7 percent in June from…


Defence Companies Are Being Denied Banking Services, Minister Says

Banks have been denying services to defence companies over environmental, social, and, governance (ESG) factors, a defence minister said. It comes amid ongoing suspicion that banks have been closing customers’ accounts over their political exposure or views. James Cartlidge, minister for defence procurement, said the Ministry of Defence (MoD) has launched an investigation into the impact…