Author: Press Room

Is Bidens’ dog to blame for his 24 attacks on Secret Service agents? The Bidens’ dog Commander was finally exiled after two dozen biting attacks on Secret Service agents, their second dog to be removed. “Very few people have two dogs who are both biters,” says former NY Times Executive Editor Jill Abramson. “When you’re worried about an animal’s unpredictable or even violent behavior, you bring in trainers who know how to work with the dog. It takes a lot of work by their humans to get these behaviors gone.” Read the full article here

Coca-Cola earnings came with a warning to companies across the market—raising prices is getting harder. For companies like Coca-Cola, America’s inflation problem wasn’t much of a problem. The company had pricing power, which meant that it could continue raising prices to offset the higher costs throughout its ecosystem. Even though January’s consumer price index was stronger than expected, it showed that the rate of inflation is still falling—and that could eventually catch up with sales growth.  It may already have. Coca-Cola raised prices by about 9% in the fourth quarter of 2023, down from 13% increases in the fourth quarter…

The U.S. economy grew strongly in the second half of 2023 and doesn’t seem to have slowed down much. Yet a quarter of the nation’s business economists still think a recession is likely this year. Some 24% of the respondents in a survey by the National Association of Business Economists predict the U.S. will suffer a downturn in 2024. And 2% even think a recession is already underway. To be sure, economists are generally more optimistic now than they were a year ago. The NABE survey showed that 58% of economists expected a recession when they were polled in February…

PARIS (Reuters) – Power generated from low-emissions sources, such as wind, solar and nuclear, will be adequate to meet growth in global demand for the next three years, the International Energy Agency (IEA) said, adding power sector emissions are on the decline. Following record growth, electricity generation from low-emissions sources will account for almost half of the world’s power by 2026, up from less than 40% in 2023, the IEA said in report on Wednesday. Renewables are expected to overtake coal by early 2025, accounting for more than a third of total electricity generation, the report said. Nuclear power is…

(Repeats to additional subscribers, no changes to text) By Mike Dolan LONDON (Reuters) -The jarring contrast of China’s market bust and soaring U.S. stocks may cloud the vulnerability of the latter to events in Beijing, and some fear Wall Street’s narrow focus heightens that risk. A relentless plunge of Chinese equities over the past year – on a mix of property sector woes, deflation, piecemeal policy supports and dire demographics – is compounded by capital flight on fears of deepening geopolitical rifts, not least over Taiwan. The flipside stateside is record high U.S. stock indexes – infused by buoyant domestic…

In response to the recent burst of inflation, the government increased Social Security benefits significantly in the past two years. But compared to average pre-retirement income, net benefits have been falling for decades. And the trend will continue. One big reason: Rapidly rising Medicare premiums that usually are deducted directly from Social Security checks. Think about Social Security benefits in terms of how much of an average wage the retirement program covers. And despite steady increases in gross benefits, by this “replacement rate” measure, net Social Security benefits are declining. In other words, Social Security is providing a smaller share…

Kema Ward-Hopper never imagined she’d raise her children in the middle of a jungle.But in 2018, after Hurricane Harvey destroyed her Houston home, a trip to Costa Rica with her husband Nicholas Hopper and then 9-year-old daughter Aaralyn became a permanent move. “The housing market was just insane in Houston because of so many people losing their homes to the storm,” Ward-Hopper tells CNBC Make It. “At the time, we were living in a small garage apartment above a neighbor’s home, with no relief in sight.”Hopper suggested they house hunt elsewhere. “I thought he meant we should move to a different…

The promise of AI continues to lift the mega-cap tech stocks, driving the Nasdaq to an all-time high Friday, exceeding its last record in 2021. The tech-heavy index finished up 1.74% for the week, while the S & P 500 rose nearly 1%. The Dow Jones Industrial Average fell 0.11%. This earnings season is winding down and it’s been a good one. Of the 97% of S & P 500 companies that have reported fourth-quarter earnings results, 73% reported an upside earnings surprise, while 64% reported better-than-expected revenue results, according to data from FactSet. The two portfolio stocks that reported…

A United Airlines round-trip ticket from Denver to Dallas in late March is advertised for $91. But checking one bag at the airport both ways will cost an extra $80 — nearly as much as the flight. Checked bag fees are hitting record highs as airlines up the ante. Bag fees are lucrative revenue for airlines and a way to save on taxes, airline experts say. Last week, American Airlines said it was raising luggage fees by $5. American will charge $40 for customers who don’t first prepay online and $35 if they do. United, JetBlue and Alaska Airlines have…

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