Business Archives - Page 12 of 45

America’s Strategic Petroleum Reserve Falls to Lowest Level Since 1983 as Gas Prices Rise Again

The Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983, as oil and gas prices rose again last week. The Biden administration has tapped over 240 million barrels from the SPR this year to lower domestic gas prices, which have been rising since the president took office. President…

10 Million Seniors Still Paying Monthly Mortgage Payments, Report Shows

Over 10 million people across the United States aged 65 and older are still paying off their home mortgages, even into retirement years, a new report from Lending Tree indicates. Lending Tree, an online loan marketplace for mortgages, small businesses, and other loans, analyzed the latest U.S. Census Bureau data…

Target Limits Purchases of Children’s Medicines over Christmas Concerns of ‘Tripledemic’

Department store chain Target has decided to restrict the sales of over-the-counter pain and fever medication for children. The move comes as the United States faces the challenge of a “tripledemic” and health care systems struggle with drug shortages. “Tripledemic” refers to three illnesses—COVID-19, flu, and respiratory syncytial virus (RSV)—that…

Elon Musk Says ‘Almost Every Conspiracy Theory about Twitter Turned Out to Be True’

Twitter boss Elon Musk has claimed that nearly every "conspiracy theory" about the social media platform has now "turned out to be true." Musk made the comments during an interview on the “All-In” podcast, where he also discussed the so-called “Twitter Files” that were initially released earlier this month via independent…

Cybersecurity Expert Warns Big Tech Is Eliminating Human and Civil Rights by Proxy

Cybersecurity expert Rex Lee has warned that Big Tech firms have become instruments to suppress human and civil rights worldwide. “They now become arms of the government [agencies], no different than an informant who is informing on people to a secret police force,” Lee, a security adviser at My Smart…

$15-an-Hour Minimum Wage Gaining Steam in 23 US States

Twenty-three U.S. states are now on the verge of implementing a $15-an-hour minimum wage, according to reports. Historically high inflation growth has been surpassing wage gains over the past year, leaving millions of American workers struggling to pay their bills. The price of goods is now at a 40-year historical…

Netflix Customers May Face Criminal Charges for Sharing Passwords

From next year, Netflix customers may soon face criminal charges for sharing their passwords. According to The Wall Street Journal, the popular streaming service is planning to put an end to password sharing beginning in early 2023. Netflix has been exploring ways to crack down on it for some time,…

Salary Expectations in US Hit New High, Fed Report Shows

According to a Fed report, expectations regarding salaries among American workers hit a record high in November, with younger people expecting the most. “The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased from $72,873 in July to $73,667 in November, the highest reading…

FTX Associates ‘Cooperating with Investigators’ in Case against Sam Bankman-Fried

Two associates of former FTX CEO Sam Bankman-Fried are reportedly "cooperating with investigators" in the prosecutors' fraud case against the boss of the failed cryptocurrency exchange. Bankman-Fried former allies have pleaded guilty to criminal fraud charges related to the collapse of the FTX. Caroline Ellison, the former CEO of Alameda…

Larry Kudlow Crushes Business News Rivals, Sets Ratings Record with Most-Watched Show in 2022

Larry Kudlow, President Donald Trump's former Director of the National Economic Council, has enjoyed a record-breaking year at Fox Business. Kudlow's show has crushed its rivals in business news as the network continues to dominate the competition. Fox Business Network (FBN) finished 2022 as the leader in business news. FBN…