Posts by Amelia Frost
The People’s Union USA’s ‘Economic Blackout’ Organizer Served Jail Time on Sex Charge
[ad_1] Mr. Schwarz says on his website biography that he lives in the Midwest. (A P.O. box in Ringwood, Ill., is listed on the People’s Union USA website.) On social media, he goes by TheOneCalledJai and has directed supporters of his organization to follow his personal accounts under the same name as he sells merchandise…
Read MoreStudent Loan Borrowers Blocked from Affordable Repayment Plans
[ad_1] Federal student loan borrowers are temporarily unable to apply to income-driven repayment plans, a decades-old safety net that ties their monthly loan payment size to household income levels, as the U.S. Education Department reviews a recent federal court ruling. The department closed applications to the repayment plans last week after the U.S. Court of…
Read MoreFrance Bans PFAS in Many Products, but Not Cookware
[ad_1] A year ago, France embarked on an ambitious goal: To craft the world’s widest ranging ban on the use of harmful “forever chemicals” in everyday products. On Friday, that effort culminated in a national ban on PFAS that environmental and health experts hailed as a big step forward, with one notable exception. After campaigning…
Read MorePCE Report Showed Inflation Eased Slightly in January
[ad_1] Getting inflation under control since the worst surge in decades has been a bumpy process in recent months. New data on Friday showed a little progress, but also an unexpected pullback in consumer spending, complicating the path forward for the Federal Reserve as it debates when to restart interest rate cuts. The central bank’s…
Read MoreWhy China’s Xiaomi Can Make an Electric Car and Apple Can’t
[ad_1] After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion. But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed…
Read MoreTesla Manager Was Fired After Speaking Out Against Musk’s Nazi Salute
[ad_1] Tesla manager Jared Ottmann was fired in a “retaliatory” move for calling out CEO Elon Musk for name-dropping Nazi murderers—and Tesla for staying silent. Last month, Ottmann, a longtime Tesla engineering manager, took to LinkedIn to publicly condemn his employer. He shared a screenshot of Musk’s tweet, laced with antisemitic wordplay: “Don’t say Hess…
Read MoreTrump Loyalist Doubles Down on Condemning Pam Bondi Over Epstein List Influencer Fiasco: ‘Everything is So Scripted’
[ad_1] Trump loyalist Laura Loomer doubled down on condemning Trump-appointed Attorney General Pam Bondi over the administration’s decision to release the Jeffrey Epstein files to a small group of conservative influencers, which fell short of supporters’ expectations. On Thursday, more than a dozen influencers met President Donald Trump, Vice President J.D. Vance and Bondi in…
Read MoreWith the CFPB on Pause, Here’s How to Protect Yourself
[ad_1] With the government seemingly stepping back from regulatory duties, consumers may have to act as their own financial watchdogs. The Consumer Financial Protection Bureau, the independent federal agency created after the 2008 financial crisis to shield people from fraud and abuse by lenders and financial firms, has been muzzled, at least temporarily. “Everything is…
Read MoreParamount’s Shari Redstone Wants a Resolution on President Trump Lawsuit Ahead of Skydance Merger
[ad_1] Shari Redstone, the controlling shareholder of the entertainment giant Paramount, delivered a crucial message to her board a few weeks ago. For months, Paramount’s lawyers had been jousting with representatives for President Trump, who had sued the company’s CBS News network over its segment on former Vice President Kamala Harris. Mr. Trump accused the…
Read MoreInflation Is Rising. What Will That Mean for Trump’s Tariffs?
[ad_1] Rising prices hit a trade war President Trump isn’t backing off his tariff threats, despite the potential risk to the U.S. economy and financial markets. That puts additional focus on the latest Personal Consumption Expenditures report, the Fed’s favored inflation measure. It’s due for release at 8:30 a.m. Eastern. The question is whether lingering…
Read MoreWhat Is ‘Economic Blackout’ And How Is It Seeking To ‘Disrupt The Economy’ For 1 Day?
[ad_1] KEY POINTS John Schwarz started the movement last month, calling on consumers to resist corporate greed The movement kicks off midnight Thursday through midnight Friday, called ‘one day of economic resistance’ Stephen King and former Labor Secretary Robert Reich have urged their followers on social media to join An increasing number of U.S. consumers…
Read MoreMeme Coins Are Not Securities, SEC Says In Major Development For Scam-Ridden Segment
[ad_1] KEY POINTS The SEC said meme tokens do not constitute the financial instruments enumerated in securities laws The SEC also warned against actors who abuse the system and engage in “fraudulent conduct” The new designation came following the rise and fall of the $LIBRA token initially promoted by Argentina’s president The U.S. Securities and…
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