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Business, Economy

“Over 500,000 fast-food workers in California just got a huge raise thanks to a new law—but not everyone is celebrating”

https://finance.yahoo.com/news/over-500-000-fast-food-193615296.html There’s no need to quote the article here. Click the link if you wish to read. More importantly businesses are going to layoff employees. Low wadges are better than no wadges. Communism / socialism does not work. Jobs can… Continue Reading…

Business

“George Soros Fund Buys $400 Million Stake In 227 US Radio Stations Going Into 2024 Election”

“Billionaire hedge fund manager George Soros has been the target of controversy recently after a recent move to become a controlling shareholder in the second-largest owner of radio stations in the U.S. This isn’t the first media brand Soros has… Continue Reading…

Business

“Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals”

“Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing. The latest round of support will include up to… Continue Reading…

Business

“Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype”

“Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence… Luminance said its annual recurring revenue jumped roughly fivefold in the past… Continue Reading…

Business

“Why stream… [services] are shrinking their content libraries”

“…Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants profits…. Last year many… Continue Reading…

Cryptocurrencies

“Bitcoin tumbles $5,000 in 24 hours as interest rates jump”

“Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its two-day loss to 7%, according… Continue Reading…

Stocks

“Trump Media stock closes 21% lower after company reports $58 million loss for 2023”

“The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app company tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023. Trump Media & Technology Group shares plunged… Continue Reading…

Economy

“America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the [debt] is higher than believed…”

“National debt is fast becoming the thorn in the side of the American economy that nobody wants to extract—and it will continue to cause damage, sending the U.S. into financial crisis and 10 years of stagnation. That is increasingly the opinion of… Continue Reading…

Economy

Higher Prices Incoming: Supply Chain Disruptions Due To Baltimore Francis Scott Key Bridge Collapse

“…The Port of Baltimore processed a record 1.1 million containers of cargo in 2023, according to state data. That made it the ninth-busiest port in the nation based on U.S. trade volume, wrote Ryan Petersen, chief executive of Flexport, a supply chain… Continue Reading…

Economy

[More Lies] “FTC calls out profits as a driver of grocery prices”

“A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged together in the aftermath of the pandemic, fueling intense debate among… Continue Reading…