Emma Stoltzfus
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Americans surprise with confidence in economy though job concerns grow
Americans are more confident in the economy than analysts expected and that confidence has been growing throughout the summer. The Conference Board released its consumer confidence survey for August, with a 103.3 rating, beating the 100.7 expected and exceeding July’s 101.9 surprise. It’s the highest confidence rating in months, but there’s more behind the headline number. … -
NYC faces surge in bus fare evasion as MTA loses millions in revenue
Every day in New York City, nearly 1 million riders hop on the bus without paying a dime. It’s a growing financial crisis for the Metropolitan Transportation Authority. This isn’t a new problem, but it’s certainly a growing one. Before the pandemic, about 1 in 5 riders evaded fares. Now it’s closer to every 1… -
Judge orders Martin Shkreli to surrender all copies of rare Wu-Tang Clan’s album
A federal judge has ruled that Martin Shkreli is prohibited from possessing or selling any copies of the one of a kind Wu-Tang Clan album, “One Upon a Time in Shaolin.” The former pharmaceutical executive must surrender all copies of the album to his legal team by Aug. 30. This comes just months after a… -
NFL is sports’ most exclusive owners club. They may soon let private equity in.
The most exclusive club in all of sports is made up of National Football League owners. For decades, the NFL has kept a tight lid on who can call themselves a member of that club. This week, that could change. On Tuesday, Aug. 27, owners are expected to vote on a proposal allowing private equity… -
Latest offshore wind incident sparks questions over the manufacturer’s liability
Another turbine blade failure at an offshore wind farm, this time in the U.K.’s North Sea at the Dogger Bank project, raised questions about whether these problems could have been prevented had the structures’ manufacturers done things differently. This latest incident comes just over a month after a similar occurrence off the coast of Massachusetts,… -
DOJ’s collusion case claims RealPage’s algorithm is the reason rent is too high
Have you been paying too much for rent? Across the country, rent prices skyrocketed in 2022 and 2023 and it could be because of illegal activity. The Justice Department on Friday, Aug. 23, filed an antitrust suit against RealPage, a Texas-based software company that is accused of using algorithms to allow widespread collusion among landlords. “Everybody knows… -
Speeding up wind turbines could save thousands of bats in Australia
In Australia, bats play a crucial role in maintaining healthy ecosystems. They help control pest populations and contribute to the pollination of native plants. However, these vital animals face a threat from a technology designed to aid the environment: wind turbines. The renewable energy infrastructure has become a significant danger to bat populations. Researchers estimate… -
‘The time has come for policy to adjust’: Powell says rate cuts imminent
For the first time in definitive terms, Federal Reserve Chair Jerome Powell said it is time to cut rates after witnessing “unmistakable” cooling in the labor market. Powell made the remarks Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. “The time has come for policy to adjust,” Powell… -
NATO air base in Germany elevates security amid terrorist threat
A NATO air base in Geilenkirchen, Germany, elevated its security measures to “Charlie,” the second-highest alert level on Thursday, Aug. 22. The move came after intelligence indicated a potential terrorist threat. There has also been a series of suspicious incidents at military facilities across Germany, raising concerns about possible sabotage. NATO Secretary-General Jens Stoltenberg warned… -
Smuggling ringleader arrested for Texas migrant death tragedy
Guatemalan authorities arrested seven individuals on Wednesday, Aug. 21, linked to a human smuggling operation that led to the deaths of 53 migrants in Texas in 2022. The migrants, including eight children, died of asphyxiation after being abandoned in a tractor-trailer under extreme heat. The smuggling ring, known as “Los Orozcos” is accused of transporting… -
CA unveils $250M tech deal to ‘revitalize’ local news; critics call it ‘disastrous’
California launched a $250 million partnership between tech giants and local news, marking a significant shift in the media landscape. This first-of-its-kind initiative aims to revitalize local newsrooms and advance AI research, combining taxpayer funds with contributions from Google and OpenAI. Google will contribute $110 million, including $50 million for existing journalism programs and at… -
After a failed first attempt, Disney launches round 2 of replacing Bob Iger
Walt Disney tapped an executive with succession experience to usher in the company’s next chapter as CEO Bob Iger plans to exit when his contract expires in 2026. Disney named board member and Morgan Stanley Executive Chairman James Gorman to chair its succession planning committee. Gorman previously served as CEO of Morgan Stanley and oversaw… -
Is Powell’s ‘soft landing’ slipping away? Job worries cloud Jackson Hole speech
Jackson Hole, Wyoming, is known for its temperate summers, but Federal Reserve Chair Jerome Powell is probably feeling the heat turn up a bit ahead of his most-anticipated speech of the year. Powell will speak Friday, Aug. 23, at the Kansas City Fed’s annual economic symposium at Grand Teton National Park. Central bankers, policymakers and investors…
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Colorado DEA arrests nearly 50 migrants in raid targeting Tren de Aragua
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US ready to put bounties on Taliban leaders in Afghanistan, Rubio warns
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Trump’s deportation flights: Colombia, China, El Salvador cooperate
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Reuters
Trump sending 2,000-pound bombs to Israel, lifts Biden administration hold
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Another cargo ship cuts underwater cable in the Baltic Sea
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