Simone Del Rosario
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Russia fines Google impossible sum for blocking YouTube channels
A Russian court has fined Google an unprecedented $20 decillion after the tech giant blocked Kremlin-linked channels on YouTube. The fine, which doubles every week Google refuses to pay, reflects the widening rift between Russia and global tech companies over sanctions and content controls. The court’s ruling stems from lawsuits filed in 2020 by Russian… -
Can Trump get rid of income tax and replace revenue with tariffs?
In a presidential campaign cycle filled with tax cut proposals, one is loftier than all the rest. Former President Donald Trump has repeatedly floated the idea of getting rid of individual income tax and replacing it with revenue from tariffs. Individual income tax currently provides 49% of the federal government’s annual revenue. “Were you serious… -
Microsoft accuses Google of ‘shadow campaigns’ to influence EU regulators
Microsoft publicly accused rival tech company Google of running “shadow campaigns” to discredit the competition to EU regulators. The accusations include funding a fake grassroots campaign to “mislead the public.” “I’ve taken pains to tell the truth, even when that might make things more complicated for Microsoft,” Microsoft’s Deputy General Counsel Rima Alaily wrote in… -
You can now bet on Trump or Harris winning the election on Robinhood
Robinhood is letting users put their money where their mouth is on who will win the upcoming U.S. presidential election. Starting Monday, Oct. 28, the online brokerage house allows people to trade financial contracts to bet on Vice President Kamala Harris or former President Donald Trump. According to Robinhood, an event contract is a “financial… -
Dodgers-Yankees World Series matchup the more classic kind of ‘moneyball’
The 2024 World Series matchup is the more classic kind of “moneyball,” where two of the most gargantuan payrolls in Major League Baseball meet at the end of the playoff road. The Dodgers-Yankees matchup is between presumed league MVPs, the $700 million Shohei Ohtani and $360 million Aaron Judge. Both teams sport three players with… -
Trade groups sue FTC to block Khan’s ‘click-to-cancel’ rule
The Federal Trade Commission’s rule to make it easier for consumers to cancel subscriptions is already facing a legal challenge. The final “click-to-cancel” rule was announced last week and industry groups representing companies that rely on subscription revenue filed an appeal on Wednesday, Oct. 23. Click-to-cancel requires retailers, gyms and other subscription-selling companies to make… -
Starbucks needs more of this one ingredient to bring customers back
Starbucks’ freshly-brewed CEO Brian Niccol has the “venti” task of getting the coffee shop giant back on track. The tall order starts with more people fulfilling orders across Starbucks’ many channels. The company released preliminary fourth-quarter earnings, which shows how deep the Starbucks slump is. For the third straight quarter, overall same-store sales fell, this time by… -
‘Big gap’ between what new Boeing CEO is saying and what’s happened
Boeing is looking to take flight after moving on from its worst quarter performance since COVID-19 halted travel worldwide. And the company is doing so with a new captain in the cockpit. “We’re clearly at a crossroads,” Boeing CEO Kelly Ortberg said in his first earnings call. “The trust in our company is eroded. We’re… -
The golden era of S&P 500 gains is over, Goldman Sachs says
The S&P 500 index has been an investment juggernaut. The weighted index tracks the 500 largest companies traded in the U.S. and in 2024, it’s up 24%. Over the past 10 years, it’s averaged 13% gains every year. And since its inception, it’s gained an average of about 10% per year. But Goldman Sachs says… -
IMF warns against tariffs: They make the country’s residents ‘poor’
The International Monetary Fund (IMF) gave its latest forecast on the world economy on Tuesday, Oct. 22. During the meeting, IMF Chief Economist Pierre-Olivier Gourinchas warned trade restrictions could put downward pressure on that growth. The global financial agency declined to comment on certain elections of proposals by presidential candidates. Excluding 2024 election promises, the… -
Disney vows to resolve Iger succession in 2026 as Gorman becomes board chair
Disney is inching closer to a future without Bob Iger at the helm, although it may take a little longer than expected. Now the entertainment and theme park juggernaut says it will name its new CEO in “early 2026.” James Gorman will take over as the Disney board’s chairman on Jan. 2, 2025, the company… -
Boeing boosts offer to 35% raises as it loses $1 billion per month in strike
The end of the Boeing strike may be in sight. After more than a month on the picket lines, union members will vote on Boeing’s latest contract offer this Wednesday, Oct. 23. It will be the first official vote since the vote to strike, but union members from the International Association of Machinists and Aerospace Workers… -
It’s time for Boeing CEO to go straight to union leadership: Expert
Boeing was in tremendous trouble long before the machinist strike, which is in its second month and costing the company $1 billion per month. Since the strike started, things have gone from bad to worse, and it’s not all strike related. On Friday, Oct. 18, the Federal Aviation Administration opened a new safety review into…
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USDA pauses scholarship funds directed toward HBCU students
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Reuters
Trump returns to CPAC, criticizes Biden and comments on Ukraine deal
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Trump’s Department of Justice removes database tracking police misconduct
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DOE to investigate Maine Education Department over trans athletes, Title IX
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Reuters
New coronavirus discovered in bats similar to COVID-19
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