“The people have spoken. Trump will be reinstated. Vox Populi, Vox Dei.”
Drinking alcohol is frowned upon in the conservative Muslim host country of Qatar, but it is not illegal.
Inflation's toll: As Jim Gallagher rejoices over the 8.7% cost-of-living raise that Social Security recipients are getting, he and David Nicklaus note that most workers' wages are failing to keep pace with inflation.
Bank bid: Edward Jones has withdrawn its application to own a bank. David Nicklaus and Jim Gallagher say the brokerage firm stepped into a heated debate on the separation of banking and commerce.
Surging oil prices charged energy stocks through 2022 and could keep supporting the sector despite a looming recession and stubbornly hot inflation squeezing consumers.
Prices on new and used vehicles remain 30% to 50% above where they were when the pandemic erupted. The average used auto cost nearly $31,000 last month. The average new? $47,000.
Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the White House and Congress to be ready to intervene. A coalition of 322 business groups sent a letter to President Joe Biden Thursday urging him to make su…
Coronado Global Resources says no agreement had been reached with Peabody and it did not divulge any details on a potential deal.
MEXICO CITY — Farmers in the United States are urging their government to challenge a looming Mexican ban on genetically modified (GM) corn under a regional free trade agreement, warning of billions of dollars of economic damage to both countries.
Harley-Davidson Inc. on Tuesday spun off its electric motorcycle division, LiveWire, in a SPAC deal creating the first publicly traded electric motorcycle company in the United States.
Buybacks beware: Starting next year, companies will pay a 1% tax when they repurchase their own shares. The levy may raise less money than expected, David Nicklaus and Jim Gallagher predict, as firms substitute dividends for buybacks.
Complaints data would be made public, prompting action.
On the house: Mortgage rates have risen sharply this year, but housing prices continue to rise. David Nicklaus and Jim Gallagher expect the price increases to slow as affordability becomes an issue.
Cash for chips: Congress has decided to spend $52 billion to subsidize the highly profitable semiconductor industry. Jim Gallagher and David Nicklaus say the spending is unfortunately necessary in an era of global tensions and shortened supply chains.
The Inflation Reduction Act buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts.
NEW YORK — Apple regularly issues updates to the software powering the iPhone, and sometimes it’s OK to dawdle when it comes to installing them. But that’s not the case with its latest — an upgrade that Apple released Wednesday to close a security hole that could allow hackers to seize contr…
Downturn debate: Jim Gallagher is pretty sure the economy is headed into recession, but David Nicklaus thinks we'll avoid one as long as the job market remains strong.
Pump pain: President Joe Biden has proposed a federal gas tax holiday, but Jim Gallagher and David Nicklaus don't like the idea. Consumers would get little benefit, and a lack of funding could endanger infrastructure programs.
U.S. District Judge Dabney Friedrich said the plaintiffs in the proposed class action lacked standing to sue.
The grace period on a $100 million interest payment due May 27 ended Sunday.
WASHINGTON — The top U.S. consumer watchdog on Wednesday said it had begun a review of “excessive” credit card fees and asked card issuers for data on revenue and expenses in a bid to stamp out abuses and boost competition.
Cost of Living: While politicians argue about who's responsible for inflation, David Nicklaus puts the blame squarely on the Federal Reserve. Jim Gallagher worries that the Fed's tight-money policies could tip the economy into recession.
College debt: President Joe Biden is considering an order that would wipe out $10,000 of student debt for many borrowers. David Nicklaus and Jim Gallagher argue that it's a bad policy and would disproportionately benefit high-earning graduates.
AAA said the nationwide average for regular on Thursday was $4.97 a gallon, up a quarter in just the last week and $1.90 more than drivers were paying a year ago.
The case could have implications for how antitrust laws are applied to labor markets, legal experts say.
Sen. Josh Hawley has introduced a bill that would rescind copyright protection for many Walt Disney properties, including early Mickey Mouse films. Jim Gallagher and David Nicklaus call it a political stunt that's probably unconstitutional.
SOCIAL SPENDING: Elon Musk is buying Twitter for $44 billion, assuming he goes through with the deal, but David Nicklaus and Jim Gallagher doubt whether he can make the social media site profitable.
WASHINGTON — Top U.S. meatpacking companies drafted the executive order issued by President Donald Trump in 2020 to keep meat plants running and convinced his administration to encourage workers to stay on the job at the height of the COVID-19 pandemic, according to a report released on Thur…
Twitter’s merger agreement with Musk stipulates that Musk can tweet about the deal while it is pending “so long as such Tweets do not disparage the Company or any of its Representatives.”