For the first time since it launched, Disney’s video streaming division—which includes Disney+ and Hulu—has reported a quarterly profit. Naveen Sarma, media and telecoms managing director at S&P Global Ratings, says he’s looking beyond the number of subscribers and examining what this means as a whole for the legacy media company. He says he views […]
Apple has unveiled its new iPad lineup. The new iPad Pro is the thinnest yet, with a custom M4 processor chip. Integral’s chief technology expert, Burton Kelso, weighs in on whether the new offers will recharge Apple’s sluggish tablet market. He compares the new features of the iPad Air and iPad Pro. He notes the […]
TikTok sued on Tuesday to block a new law that requires the sale of the app from its Chinese parent company or its ban from app stores and web-hosting services. A new report shows that the Social Security system’s main trust fund will be depleted by 2035—one year later than a prior estimate, though concerns […]
A new report shows that the Social Security system’s main trust fund will be depleted by 2035—one year later than a prior estimate, though concerns remain about the fund’s solvency. The Social Security Board of Trustees released its annual report on May 6 that projects that the Social Security trust fund, which consists of the […]
Warren Buffett takes center stage in Omaha for Berkshire Hathaway’s annual shareholder meeting on Saturday, as investors size up his expected successor and get a better sense of how the conglomerate plans to grow and deploy cash. The meeting is Mr. Buffett’s 60th since he took over Berkshire in 1965. He has largely stopped appearing publicly to […]
French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged Chinese leader Xi Jinping on Monday to ensure more balanced trade with Europe, but the Chinese leader showed little sign of being ready to offer major concessions. Xi arrived in Europe for the first time in five years, at a time of […]
Warren Buffett assured Berkshire Hathaway shareholders that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. The Federal Aviation Administration (FAA) said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some employees […]
Members of the United Auto Workers union ratified a new labor contract with Daimler Truck on Saturday that includes at least a 25 percent general wage increase over the course of a four-year deal. The vote was 94.5 percent in favor of the new contract—which covers more than 7,300 hourly UAW workers—after a tentative agreement […]
WalletHub conducted a nationally representative survey asking students about everything from how peer pressure has affected their spending to how well their schools are educating them about personal finance. To learn more about college students’ attitudes toward money, NTD spoke to WalletHub analyst Cassandra Happe for more.
U.S. job growth slowed more than expected in April, and the increase in annual wages fell below 4.0 percent for the first time in nearly three years. The Labor Department’s closely watched employment report on Friday also showed the unemployment rate rising to 3.9 percent from 3.8 percent in March amid increasing labor supply. The […]
An auditing firm that represents hundreds of clients including Trump Media, which owns former President Donald Trump’s “Truth Social” app, reached a $12 million settlement with the Securities and Exchange Commission (SEC) to settle charges alleging it failed to comply with accounting oversight standards affecting over 1,500 of its SEC filings. The U.S. labor market […]
The Internal Revenue Service is planning to clamp down on tax cheating among the very wealthy. The agency says it will increase audits on people who earn more than ten million dollars per year from 11 percent to 16.5 percent by 2026.
The Coalition for a Prosperous America released a new report to Congress that details the alarming extent to which U.S. asset managers and index providers are actively funneling billions of dollars of U.S. investor capital to Chinese Communist Party-linked companies, including Chinese firms that have been sanctioned by the U.S. government for human rights abuses […]
According to a new report by the watchdog group NGO Monitor, the rise in anti-Semitic violence, incitement, intimidation, and harassment on and around campuses in the United States recently is not the product of spontaneous protests of individuals. Rather, they are tightly coordinated and well-funded by a network of non-governmental organizations. NTD speaks to Gerald […]
A former quality auditor at a Boeing supplier died suddenly this week after struggling with a “sudden, fast-spreading infection,” the Seattle Times reported on May 1. U.S. stocks rallied on Thursday as investors weighed the Federal Reserve’s more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. A U.S. […]
The looming U.S. presidential election will not influence the Federal Reserve’s interest rate decisions, Fed Chair Jerome Powell said on Wednesday, adding that policymakers were “at peace” with keeping political considerations out of their decision-making process. Speaking at a news conference after the end of the U.S. central bank’s latest policy meeting, Mr. Powell said […]
The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier part of the year warning of this shift. Sam Burns, chief strategist at Mill Street Research, gave his analysis on this issue.
President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institutes campus from January 2004 until October 2017. The measure brings the total amount of student loan debt relief put in place by the Biden administration to […]
How much money does Beijing actually spend on its military? A new report reveals shocking estimates. The Biden administration is sending a new signal to American businesses: “not to operate” in Xinjiang. That’s amid Washington’s efforts to press Beijing to stop human rights violations in the region. In Georgia, a bill banning Chinese agents from […]
The Federal Reserve left interest rates unchanged at their highest levels in 23 years as monetary policymakers have observed “a lack of further progress” toward the central bank’s 2 percent inflation target. Regulatory filings show that former President Donald Trump increased his stake significantly in the company behind his social media platform Truth Social, with the former […]
A new S&P Global report says U.S. private auto insurers are seeing record levels of underwriting losses. There are a number of factors contributing to this, according to Patty Kwan, S&P Global Ratings director. This includes an increase in distracted driving, poor road conditions, higher costs to repair cars, and increased medical claims. The U.S. […]
Binance founder Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world’s largest cryptocurrency exchange. Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing […]
Several of the nation’s largest cellphone carriers have been collectively fined $200 million by the Federal Communications Commission (FCC) for illegally sharing access to customer location data without consent and failing to protect that information from unauthorized disclosures. In an April 29 press release, the FCC said that T-Mobile, AT&T, Sprint, and Verizon violated the […]
JASPER COUNTY, INDIANA—Dave Duttlinger’s first thought when he saw a dense band of yellowish-brown dust smearing the sky above his Indiana farm was: I warned them this would happen. About 445 acres of his fields near Wheatfield, Indiana, are covered in solar panels and related machinery—land that in April 2019 Duttlinger leased to Dunns Bridge […]
The yen jumped against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities. The dollar tumbled to a low of 154.40 yen from as high as 160.245 earlier in the day. Banking sources said Japanese banks were seen selling dollars for yen. Traders had been on edge for weeks for any signs of action from […]
A new AARP survey found that one out of five Americans ages 50 and over have no retirement savings. Lawrence Sprung, founder of Mitlin Financial, says it’s never too late to start saving. He says it all depends on your goals. From there, you must plan and budget. He also says retirement doesn’t mean you […]
An April small business report found 43 percent of small business renters were late on their rent or could only pay part of their payment. Alignable conducted the survey. It found that small business owners say rent is higher, costs have increased, and revenue is declining. Nearly 70 percent of businesses formed before the pandemic […]
TikTok’s Beijing-based owner ByteDance denied media reports of selling the platform as the company faces a mandate to either divest the firm or be banned from the United States. “Foreign media reports that ByteDance is exploring the sale of TikTok are untrue,” the company said in an April 25 statement on news aggregation app Toutiao, […]
Oil prices rose on Friday, drawing support from concerns about tensions in the Middle East, but gains were capped by a rise in the dollar after U.S. inflation data dampened hopes the Federal Reserve would cut interest rates soon. Denton Cinquegrana, chief oil analyst at Oil Price Information Service, tells NTD where oil prices are […]
If you’ve landed a job making $100,000 or more, the reality is not all of that money is yours for the keeping. Federal income taxes and withholding for Social Security and Medicare will take a chunk. Then state and local taxes can take another bite. That six-figure salary quickly can shrink to a take-home pay […]
The Federal Reserve’s preferred inflation gauge surged at a higher-than-expected pace, highlighting the persistent struggle to return inflation to the central bank’s 2 percent target. Alphabet Inc. announced a first-time-ever dividend program and a $70 billion buyback of its own stock that could revitalize the tech company for the next year. TikTok’s Beijing-based owner ByteDance […]
Google’s parent company, Alphabet, released its earnings report Thursday, pleasing shareholders with news of solid growth—and the payment of the company’s first-ever dividend of 20 cents per share. Alphabet’s stock price jumped nearly 13 percent in Thursday trading on the back of the report.
The U.S. economy reported the weakest pace of growth since 2022 in the first quarter of the year. Economist Daniel Lacalle dives into the details of the report, which reveals government spending continues to be the driving force of the GDP. But Mr. Lacalle says investment, consumption, and exports are weakening. He is seeing a […]
The Environmental Protection Agency (EPA) has released strict new rules for coal-fired power plants. This is the first time the federal government has restricted carbon dioxide emissions from existing plants. According to Daniel Turner, president of Power the Future, the new restrictions will just make goods more expensive. Mr. Turner notes that coal produces more […]
The U.S. economy showed signs of slowing in the first quarter as inflation pressures and higher borrowing costs weighed on the country to kick off 2024. Facebook owner Meta registered nearly $4 billion in losses for its metaverse and AI research wing in the first quarter, with the company’s stock crashing by more than 11 […]
Whirlpool Corp. will lay off about 1,000 salaried employees globally, the home appliances maker said Wednesday. The company said it first cut jobs in March of this year, and that it expects a second wave of reductions by early May. Whirlpool is aiming to trim up to $400 million in costs this year.
President Joe Biden has signed a law that will force China-based ByteDance to either divest its U.S. assets or face a nationwide ban in the United States. We take a look now at the next steps and possible sale of the social media platform. NTD spoke with University of Florida social media professor Andrew Selepak, […]
Wall Street firms have steered billions of American retirement money to blacklisted Chinese companies. An investor makes the case against investing in China. We spoke with Art Ally, founder and president of Timothy Plan. He explained why investors should follow moral values over performance. Mr. Ally also lays out why China is a danger to […]
The clock is ticking for TikTok. China-based ByteDance now has about a year to divest TikTok or it will be banned in the United States. CEO Shou Zi Chew is vowing to fight the new bill signed into law Wednesday by President Joe Biden. The owner of former President Donald Trump’s Truth Social wants Congress […]
Problems are continuing to pile up at Boeing as a labor complaint revealed allegations that the company retaliated against two of its engineers, after they raised concerns about the work done on Boeing’s 777 and 787 planes. The FAA is currently investigating the issue.
U.S. business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further. NTD spoke to economic strategist Sam […]
Billions of dollars in foreign aid for Ukraine, Israel, and Taiwan advanced in the U.S. Senate on Tuesday, as well as a potential ban on the social media app TikTok, measures for the transfer of seized Russian assets to Ukraine, and new sanctions on Iran. Apple’s smartphone shipments in China tumbled 19 percent in the […]
The U.S. Federal Trade Commission (FTC) said on Monday that it was suing to block luxury fashion holding company Tapestry’s $8.5 billion acquisition of Capri Holdings over market-domination concerns. The deal is expected to combine six luxury fashion brands owned by the two companies: Tapestry’s Coach, Kate Spade, Stuart Weitzman, and Capri’s Michael Kors, Versace, […]
A survey reveals one out of three Americans will be traveling this summer on borrowed money. This will be a troublesome option since more than 40 percent of credit card holders already carry debt and interest rates are high. We spoke with Ted Rossman, senior analyst at Bankrate, about the dangers of going into debt […]
New analysis found major tech stocks are headed for a collapse. If tech falls, what will take its place in the market? Crescat Capital macro strategist Tavi Costa reveals a rotation that could happen in the market. The market appears to be moving from tech to resource-related businesses. Mr. Costa explains why it is mathematically […]
The Supreme Court is making it easier for people to sue their employers for discrimination when they’re transferred against their will. It’s a unanimous decision at the highest court this week, where the justices sided with a St. Louis police sergeant. Jatonya Clayborn Muldrow claims her department discriminated and retaliated against her when it forced […]
Former President Donald Trump is in line to receive around $1.3 billion worth in additional Truth Social stock. This would push the value of his ownership to the $4 billion range. Tesla slashed prices by up to $2,000 on its vehicles such as the Model 3 and Model Y in several markets including the United […]
Volkswagen workers in Chattanooga, Tennessee, voted overwhelmingly on Friday to join the United Auto Workers (UAW), becoming the first Southern autoworkers outside of the Big Three to win their union. According to the final vote tally released by the union, about 73 percent (2,628) of Volkswagen workers voted in favor of union representation, while 27 […]
The world is facing potential economic instability. Central banks all over are tackling inflation. With the global pandemic behind us, we have international debts and threats to commerce causing geopolitical unrest. This is in addition to protests, mass illegal immigration, climate change policies, and wars that are coming to a boiling point. What is on […]
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap. Even though P&G’s third-quarter net sales fell short of analysts’ expectations, the company has been able to boost its bottom line, building on […]
