US Senator Mike Lee (R-UT) speaks during the US Supreme Court nominee Judge Amy Coney Barrett’s confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, DC, October 13, 2020. Demetrius Freeman | Pool | Reuters A new bipartisan proposal takes aim at Google and would force it to break up its digital … Read more
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s third annual travel report, titled “Travel 2022: Trends & Transitions,” published yesterday. After analyzing 37 global markets, the report found that cross-border travel reached pre-pandemic … Read more
By ANNE D’INNOCENZIO, AP Business Writer NEW YORK (AP) – Target took a big hit from higher costs during the first quarter despite brisk sales. Profits for major retailers has come under pressure from both surging inflation and stubborn clogs in the global supply chain. Target’s net income fell roughly 52% from a year ago … Read more
By KEVIN FREKING, Associated Press WASHINGTON (AP) – House Democrats unveiled a $ 28 million emergency spending bill Tuesday to address the shortage of infant formula in the United States. Rep. Rosa DeLauro, the Democratic chair of the House Appropriations Committee, said the bill would help the Food and Drug Administration take important steps to … Read more
By MATTHEW PERRONE and ZEKE MILLER, Associated Press WASHINGTON (AP) – Under fire from parents and politicians, President Joe Biden’s administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas. The Food and Drug Administration said it was streamlining its review … Read more
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) – Asian shares were trading mixed Monday, as investors eyed surging energy costs and prospects for interest rate hikes in the US Benchmarks edged up in Japan and Australia, while falling in South Korea and China. Some analysts worry that if the US Federal Reserve raises interest … Read more
By NICK PERRY, Associated Press WELLINGTON, New Zealand (AP) – New Zealand’s government said Monday it will help pay for lower-income families to scrap their old gas guzzlers and replace them with cleaner hybrid or electric cars as part of a sweeping plan to reduce greenhouse gas emissions. The government said it plans to spend … Read more
Posted on May 14, 2022 | 9:00 am As the summer season approaches, daily lifeguard service will be provided at Ventura Harbor beaches along Spinnaker Drive. In a unanimous vote on May 5, the Board of Port Commissioners authorized Brian Pendleton, general manager of Ventura Harbor, to contract with State Parks to provide the lifeguard … Read more
Market strategists are waiting for markets to hit a bottom, but investors sitting in cash should probably get off the sidelines and buy stocks. Indeed, the S&P 500 was down more than 16% from its record high at Friday’s close, while the Nasdaq Composite was off about 27% from its all-time high. Stocks launched a … Read more
By REGINA GARCIA CANO, Associated Press CARACAS, Venezuela (AP) – In a break from its socialist model, Venezuela’s government plans to open for private investment a number of state-owned companies in vital sectors as it seeks to address a need for capital for severely underinvested businesses. Scant details on the move are fueling doubts. The … Read more
