Emma Stoltzfus
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Trump’s EU ultimatum: Buy more US oil or face ‘TARIFFS all the way’
President-elect Donald Trump is threatening tariffs on another U.S. ally. This time, it’s the European Union. Trump said he told the EU “they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!” The trade gap between the… -
Hawaii orders wind turbine removal that may impact state’s clean energy goals
Hawaii plans to remove numerous wind turbines after the implementation of new rules regarding where the state can build these renewable energy structures. The decision has sparked both celebration from locals and concern among officials over how this will impact the state’s clean energy transition. Many living in Hawaii have long argued that wind energy… -
Japan’s Nippon-US Steel deal on track to be axed by Biden: Report
The U.S. government is reportedly poised to reject Nippon Steel’s $14.9 billion acquisition of U.S. Steel, despite the Japanese company’s efforts to downplay national security concerns. After a broad review by the Committee on Foreign Investment in the United States (CFIUS), the decision may rest in the hands of President Joe Biden. CFIUS reviews deals… -
Dow Jones snapping worst losing streak in 50 years
After the worst losing streak in 50 years, the stock market is looking to snap back Thursday, Dec. 19. The Dow Jones Industrial Average’s 10-day losing streak through Wednesday, Dec. 18, is the longest since 1974. During the losing streak, the market wiped out all of its post-election gains. The Dow ended Wednesday down 2.5%… -
DOJ accuses CVS of filling unlawful prescriptions, fueling opioid crisis
The Department of Justice is suing the nation’s biggest pharmacy chain. In a complaint unsealed Wednesday, Dec. 18, the DOJ said CVS knowingly filled illegal prescriptions and tried to get reimbursement from federal health care programs for those illicit prescriptions since 2013. The Justice Department alleged CVS filled excessive and dangerous quantities of opioids, early… -
Is your Wi-Fi router a national security risk? US government weighs ban
TP-Link is the bestselling Wi-Fi router internationally and on Amazon. Now, the U.S. government is considering banning these devices over cyberattack risks. According to a Wall Street Journal report, investigators at three agencies, Commerce, Defense and Justice, are looking into these Chinese-made routers. In October, Microsoft said it was tracking “a network of compromised small… -
Biden backs banning stock trades for Congress. Will Trump?
President Joe Biden has thrown his support behind banning members of Congress from trading stocks. His comments come in the waning hours of his administration as the issue has split members of Congress. “Nobody in the Congress should be able to make money in the stock market while they’re in the Congress,” Biden said during… -
Fed forges ahead with third interest rate cut despite growing inflation
The Federal Reserve continued its rate-cutting campaign Wednesday, Dec. 18, marking the third cut of 2024. The central bank shaved off another 25 basis points from its benchmark rate, in line with expectations. The latest decision sets the benchmark interest rate between 4.25% and 4.5%, down from 4.5% and 4.75%. The rate sat above 5%… -
FTC bans ‘bait-and-switch’ junk fees in hotels, rentals, ticket sales
The Federal Trade Commission passed a rule Tuesday, Dec. 17, that will stop “bait-and-switch” tactics when buying concert tickets or booking hotel rooms and other short-term rentals. The new rule may be the final shot in the Biden administration’s fight against junk fees across industries. According to the FTC, “the Junk Fees Rule requires that… -
Trudeau facing calls to resign after finance minister quits in shocking way
Canada’s finance minister has resigned from Prime Minister Justin Trudeau’s cabinet, lambasting him on her way out. In her resignation letter, Chrystia Freeland made it clear that it was President-elect Donald Trump who drove them apart. Her resignation is sending shockwaves through Trudeau’s own Liberal Party in Canada, where many are questioning how long he can… -
Canada to spend over $1 billion on border security as Trump tariffs loom
With the threat of American tariffs looming, the Canadian government is looking to shore up a key component of the tariff talks. This week, the country’s government proposed spending $1.3 billion on border security over the next six years. President-elect Donald Trump has repeatedly threatened to slap a 25% tariff on Canadian goods coming into… -
Disneyland owes back pay to 50,000 employees in $233 million settlement
Years after Disney was first accused of violating minimum wage laws at its California resort, the “happiest place on Earth” has agreed to settle a class-action lawsuit for $233 million. A lawyer representing Disneyland workers confirmed the settlement to Straight Arrow News. Based on the law firm’s research, it’s believed to be the largest wage… -
Trump secures $100 billion investment in America from Japan’s SoftBank
President-elect Donald Trump has received a commitment from SoftBank Group to invest $100 billion in the U.S., creating 100,000 jobs. The deal, announced Monday, Dec. 16, doubles SoftBank’s funding promise following Trump’s first presidential victory in 2016. SoftBank said the investment will create jobs in AI and other emerging technologies. It said the projects will…
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