As the weather cools, the federal government will restart its program to send free COVID-19 tests to US households. As the fall season begins and yet another COVID-19 variant spreads across the world, the US federal government is preparing once again to ship at-home COVID tests to homes in the US. Using the COVIDTests.gov website, US households will soon again be […]
ExxonMobil has misled consumers for years by perpetuating a “myth” about plastic recycling, according to a new lawsuit filed by the state of California. ExxonMobil is the world’s leading producer of single-use plastics that become waste, according to the state attorney general’s office. To encourage people to buy products made with single-use plastics, the suit […]
The US wants to ban any Chinese or Russian software installed in cars, purportedly over security concerns. If the proposed rule is finalized, don’t expect to see a China-made EV stateside any time soon. After officially hiking tariffs on Chinese electric vehicle imports earlier this month, the US government is getting even more serious about keeping China-made […]
Southwest Airlines has warned employees that it will have to make “difficult decisions” ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at the company. Southwest over the summer announced a host of major changes to its more than 50-year-old business model to drum up revenue. It plans to […]
The former president, who owns around 60 percent of the company’s shares, has said he has no intention of dumping his stock, which tumbled another 10 percent on Monday. Shares of former President Donald Trump’s media startup on Monday tumbled more than 10 percent, taking the stock down to its lowest point since the company went […]
The Federal Reserve just dropped rates, which should help companies that use a lot of debt. Here are three to look at right now. The S&P 500 index currently offers a scant 1.3% dividend yield. The average utility is yielding about 2.9%, using the Utilities Select Sector SPDR Fund (XLU 0.99%) as an industry proxy. That’s more than twice what you’d […]
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal. Motel 6, the budget hotel chain that has lined American highways for decades, will be sold to Oyo, an India-based hotel operator, the companies announced on Friday. Blackstone, […]
U.S. mortgage rates are at lows not seen since early 2023, ahead of next week’s expected interest rate cut. Why it matters: Easing mortgage rates offer house-hunters some relief. But experts say it’s going to take a bigger drop to revive the sluggish home market. The latest: A small but growing number of people are taking out new mortgages. Mortgage applications hit a […]
Seoul, South KoreaCNN — New pictures of North Korean leader Kim Jong Un touring what state media said is a uranium enrichment facility have given an extremely rare glimpse inside the isolated nation’s closely guarded nuclear weapons program. According to a report from Korean Central News Agency (KCNA) on Friday, Kim visited the facility – a […]
Investors eagerly await a potential interest rate cut from the Federal Reserve at its September FOMC meeting next week, but uncertainty could likely persist in markets . AlphaSimplex Chief Research Strategist and Portfolio Manager Katy Kaminski joins to discuss her market outlook in light of this expected fiscal policy shift. Kaminski notes that the rate […]