Florida will soon block banks from denying services based on political opinions or religious beliefs. The new law takes effect on July 1 and will affect all financial institutions in the state. Recently, Florida Attorney General Ashley Moody accused one of the largest financial services companies in the United States, Fidelity Charitable, of sometimes refusing…
Popular Drug Being Used for Weight Loss Can Cause ‘Serious Side Effects’: Health Canada
A drug that is growing in popularity due its use for weight loss purposes can cause significant side effects including kidney failure, according to experts. Ozempic, also sold under the brand name Wegovy, is actually a prescription type 2 diabetes treatment. However, the drug’s weight loss effect has boosted its popularity, sparking concern in the…
FTX Lied to Banks for Years About Misappropriated Customer Funds, New CEO Says
Cryptocurrency derivatives exchange FTX has been lying to banks about the suspicious movements of customer assets as far back as 2020, the company’s new leadership alleged in court filings. Once a $32 billion crypto empire, FTX collapsed in November 2022 after its disgraced founder Sam Bankman-Fried allegedly misappropriated customers’ money to cover losses at his…
Bud Light Hits New Weekly Sales Low After Dylan Mulvaney Boycott
Bud Light’s woes don’t appear to be subsiding anytime soon as the latest data show the light beer firm saw another weekly decline after it decided to engage in a promotional effort with a transgender TikTok influencer. Data from Bump Williams Consulting and NielsenIQ show that sales for Bud Light are down 28.5 percent year-over-year for…
Global Mining CEO Says Chile Easier to Deal With Than the Queensland Government
June 27, 2023
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BHP CEO Mike Henry has continued pressuring the debt-heavy Queensland Labor government over its contentious decision to raise mining royalties in the coal-rich state. Henry reiterated that recent policies from the state (and federal) government would compel the global mining giant to pull investment from the region, despite major opportunities in critical mineral mining. “Capital…
Free Speech Takes a Backseat as Musk’s Twitter Threatened With $700,000 Daily Fines
June 27, 2023
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Commentary Free speech is a precious thing. It deserves protection. It needs to be cherished. Free speech allows for new, even radical ideas to be considered. Without free speech, which is an expression of free thought, much of what is enjoyed and understood today would be denied us. In debates, the truth will ultimately win…
Was Your Flight Canceled Amid Bad Weather? What You Need to Know About Rebooking, Refunds and More
WASHINGTON—Amid peak summer travel, thousands of air travelers faced flight cancellations and delays this weekend and Monday as thunderstorms rolled in across the U.S. East Coast and Midwest. In addition to bad weather, a technology failing also contributed to to airline disruptions. The Federal Aviation Administration briefly paused operations at Washington, D.C.-area airports Sunday evening…
KPMG to Cut 5 Percent of US Jobs in Fresh Round of Layoffs
KPMG is laying off 5 percent of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday. The firm had over 39,000 employees in the United States at the end of its last fiscal year on Sept. 30. KPMG,…
Honda Recalling 1.3 Million Vehicles Worldwide for Rear Camera Issue
WASHINGTON—Honda Motor is recalling 1.3 million vehicles worldwide due to a potential issue with the rearview camera image, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall covers some 2018–2023 Odyssey, 2019–2022 Pilot, and 2019–2023 Passport vehicles. Due to a faulty communication coaxial cable connector, the rearview camera image may not…
Top US Lenders to Face Fed’s Annual Stress Tests This Week
June 26, 2023
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The major American banks will be facing the Federal Reserve’s annual stress tests this week, to see if they have enough capital in a potential crisis to make the grade. Despite the recent bank crisis this year, the lenders are are believed to have enough capital to weather a severe economic downturn., say analysts, but investor…
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