Simone Del Rosario
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13 states have ‘trigger laws’ ready to ban abortions if Roe v. Wade overturned
The U.S. Supreme Court looks poised to overturn the 1973 landmark Roe v. Wade decision protecting access to abortions. On Monday, Politico published a leaked draft of the majority opinion written by Justice Samuel Alito, in which he writes, “Roe was egregiously wrong from the start.” Chief Justice John Roberts authenticated the draft opinion and… -
Europe considers ban on Russian oil by end of year
The European Union wants to ban Russian oil by year’s end, but one of its own is standing in the way. Hungary’s government has said it is ready to veto any E.U. proposal to sanction Russian oil over the war against Ukraine, citing the damage a ban would do to its own economy. Hungary has… -
Should Twitter follow Tesla, Oracle in corporate charge to Texas?
The ink isn’t even dry on Elon Musk’s deal with Twitter, but Texas Gov. Greg Abbott (R) is already asking the billionaire to relocate the social media company from San Francisco. In fact, ditching The Golden State for The Lone Star State is looking like a trend. Check out the biggest companies that have already… -
US economy shrinks for first time since early pandemic
The Commerce Department’s Bureau of Economic Analysis (BEA) reported the U.S. economy shrank for the first time since the early days of the COVID-19 pandemic in the first quarter of 2022. The economy had seen six straight quarters of growth after shrinking by nearly a third in the second quarter of 2020. “Real gross domestic… -
EU: Russia is ‘blackmailing’ after cutting off gas to Poland, Bulgaria
Russia just escalated its war against the West, cutting off gas supplies to two European nations that refused to pay for exports in rubles. On Wednesday, Russian energy company Gazprom made good on a threat to shut off the natural gas valves to Poland and Bulgaria. Facing crippling sanctions, Russian President Vladimir Putin recently demanded… -
3 ways Elon Musk hopes to change Twitter
Now that Twitter has accepted Elon Musk’s unsolicited bid to buy the social media giant for $44 billion, speculation is growing over what changes Musk will make to the platform. Here are three things Musk has alluded to through various interviews, statements and tweets. #1: Defeat the spam bots If our twitter bid succeeds, we… -
Investors turning to ‘safe haven’ assets like gold, cryptocurrency amid volatility
When it comes to the stock market, there have been a lot of “worsts” in 2022, from the worst January since 2009 to the worst quarterly decline in two years. Now, with interest rates skyrocketing, inflation at a 40-year high and experts predicting increasing likelihood of recession in the next two years, investors are looking… -
Twitter accepts Elon Musk’s ‘best and final’ offer to buy
Elon Musk will buy Twitter in a cash deal valued at $44 billion, the social media company announced Monday afternoon. Twitter shareholders will be paid $54.20 per share when the transaction closes, which represents Musk’s “best and final offer” made less than two weeks ago. “Twitter needs to be transformed as a private company,” Musk… -
Survey: Wages rise at 70% of US companies, most pass on costs
A record 70% of U.S. firms reported paying higher wages the first quarter of 2022, according to a survey by the National Association for Business Economics. The April result represents the highest share of respondents in the survey’s 40-year history. It’s also the seventh consecutive survey where the number of respondents reporting higher wages increased.… -
Are NFTs already over? 5 reasons the market is cooling
It’s been just a few months since the record-setting non-fungible token sale at nearly $100 million. But here are five signs the NFT hype is already crashing in this week’s Five For Friday. #5: NFT searches are down According to Google Trends, searches have more than halved since the peak in January. And to think, there was… -
Twitter popped a poison pill. Here are 3 other companies that did, too.
Twitter’s board of directors voted to take a poison pill to try to prevent Elon Musk from executing a hostile takeover. Also called a shareholders-rights plan, a company engages in a poison pill strategy by diluting the value of the hostile party’s shares by flooding the market with new, discounted stock. The practice became widely… -
What’s a poison pill and why is Twitter biting down?
After Elon Musk made an above-market-value bid to buy Twitter, the company’s board of directors indicated it would rather swallow a poison pill than let Musk take over. On Friday, Twitter’s board announced it unanimously adopted a shareholders-rights plan, also known as a poison pill, after Musk’s unsolicited offer. What’s a poison pill? A poison… -
Renters are flocking to these 5 cities as housing costs skyrocket
Millennials moved all over the country during the pandemic, leading to massive home price increases in places you wouldn’t normally expect. Now the frenzy is spilling into the rental market with record-low inventories and no signs of give. With renters leaving big cities for greener pastures, here are the most popular destinations in this week’s…
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