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Florida congressional candidate charged with threatening to kill primary opponent

Posted by radio1n1 — Mon, 30 Sep 2024 04:36 GMT

The Justice Department revealed an indictment Friday charging a Florida man with threatening to kill his political opponent in 2021. William Robert Braddock III, 41, of St. Petersburg, Florida, was charged with threatening two people, one of whom the DOJ said was his primary opponent in the 2022 election for Florida's 13th Congressional District. Braddock allegedly threatened to "call up my Russian-Ukrainian hit. The DOJ indictment did not name the alleged victims. One of Braddock's primary opponents and the race's eventual winner, Rep. Anna Paulina Luna, R-Fla., contended in 2021 court documents that Braddock was stalking her and wanted her dead. A Florida court in 2021 granted Luna and a conservative activist and friend of hers, Erin Olszewski, a temporary restraining order. Braddock terminated his campaign in 2021 shortly after the judge granted the injunction. squad" and make the primary opponent disappear, according to the indictment. Continue Reading>>>

South LA Parents and Community Members Rally for Improved Black Student Literacy

Posted by radio1n1 — Sun, 29 Sep 2024 21:05 GMT

LOS ANGELES, CALIFORNIA - In the heart of South Los Angeles, on Manchester Avenue at True LA Church, parents and community members called for increased focus, targeted funding and community support to improve the Black Student Literacy rate in LA County Schools. The "Literacy is Life" campaign highlights the 73% of Los Angeles Unified School District and 72% of Compton Unified School District Black third grade students who are not on grade level in English Language Arts.

Organized by Innovate Public Schools, the Black Parent Network (BPN), is a community of parents from diverse backgrounds and various school districts who came together to address the unique challenges and experiences faced by Black students in the education system. Read more>>>

36-year-old's Etsy side hustle brings in $220,000 a year-and costs under $40 to start

Posted by radio1n1 — Sun, 29 Sep 2024 16:41 GMT

This story is part of CNBC Make It's Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they've used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com. Emily Odio-Sutton remembers the exact moment she made her side hustle's first sale. She was in the lobby of a gymnasium at a kid's birthday party near her home in Melbourne, Florida. One of her daughters had just taken a bite of Publix birthday cake, when her phone pinged: She'd sold a $22 T-shirt with a speech pathology-themed design on e-commerce marketplace Etsy. "I can vividly see the cake, the balloons and remember thinking, 'This can work,'" Odio-Sutton, 36, tells CNBC Make It. Odio-Sutton started looking for a side hustle in 2022, after realizing her 9-to-5 job as an internal operations manager at a teachers' book publishing company would prevent her from picking her daughter up from kindergarten. She started a print-on-demand shop, using Canva software to create designs for Etsy-friendly products like T-shirts and candles. Whenever a customer places an order, a manufacturer called Printify prints the design onto the product and ships it out for her. Her Etsy store brought in $220,300 last year, according to documents reviewed by CNBC Make It. Odio-Sutton estimates that 30% of those sales are profit. She's used her side hustle earnings to pay off her entire $20,000 student loan balance, start investing in the stock market, open college saving accounts for her daughters and take a cruise with her husband, she says. DON'T MISS: The ultimate guide to earning passive income online Last year, Odio-Sutton opened a second Etsy shop - selling downloadable event materials, like sign-up sheets and schedule templates - that's brought in $17,200 in sales so far in 2024. And in June, she moved into a part-time role at the publishing company that makes $40 per hour, 20 hours per week. She spends 10 hours per week on her Etsy shops, and often works from her laptop while sitting at her daughters' gymnastics and swimming practice, she says. She'd prefer not to name her shops, to prevent potential copycats, she adds. Here, Odio-Sutton discusses how to start a side hustle like hers, her formula for quick-selling designs and the biggest mistakes that she sees beginners make. CNBC Make It: Do you think this side hustle is replicable? What are its starting costs? Odio-Sutton: Yes, and I think that's because there are so many ways to do it. Print-on-demand and digital-resource side hustles on platforms like Etsy have a built-in audience. It's low risk, and you can really experiment with things and learn and take your time. When I say low-risk, I mean you can launch a whole business for under $40. Canva Pro is $10 per month, Etsy charges $15 to open a shop and you can download research tools like eRank for $6 per month. The biggest risk is time investment, because you do have to spend time to learn - and to get your shop established - to earn money. A lot of people tout print-on-demand as a good source of passive income. What's your workload like? I have a good system for keeping my print-on-demand workload fairly light. I'll batch design 10 candle labels one day, then make the listings for them on Etsy the next day. My digital products shop, which has a lot of event-related printables like schedule templates and invitations, is almost entirely passive at this point. It's limited customer service [compared to print-on-demand]. When you order a print-on-demand product on Etsy - for, say, a bachelorette party - you quickly see a lot of shops to choose from. Why do you think yours stands out? You really can make a very good living by just having simple designs. I'm not creative. I'm not a graphic designer. I follow what I'd call a template method: I do a lot of black-and-white designs, a lot of plain text. Then, if I have a template that sells really well, I'll just go in and swap in new words. I'll go to ChatGPT and say, "Give me the top 100 careers" or "Top 100 hobbies in the U.S." From there, I'll do some design research on Etsy and Pinterest. My goal is more an emotional connection to the item, whether it's funny, sentimental or relatable, as opposed to something really trendy. I also Google memes. Like, I'll look up HR memes. I had a social worker-themed candle about data and reports. You're not going to find that at Target, or anywhere else. You also work with a business, Gold City Ventures, to coach aspiring Etsy sellers. What's the most common mistake most of your clients make? First, they don't narrow down enough. Is Etsy oversaturated? Yes, but only with generic listings. If you post a "mom" shirt, it's going to be very hard to stand out. If you post a "twin mom Halloween" shirt, you'll have a better chance. The second piece is thinking you can post 20 designs, and that's enough. You have to try, and fail, a lot, to figure what works. I have like 1,500 designs that I retired, because they never sold. You have to invest time, research, experiment and stick with it to be successful. This interview has been edited for length and clarity. Want to make extra money outside of your day job? Sign up for CNBC's online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

iOS 18 Cheat Sheet: Everything to Know About the iPhone Update

Posted by radio1n1 — Sun, 29 Sep 2024 13:34 GMT

Apple released iOS 18 to the general public on Sept. 16, a week after the company announced its new iPhone 16 lineup, Apple Watch Series 10 and more at its September event. The update brings many new features to your iPhone, like new ways to customize your home and lock screens and RCS messaging. Read more: What You Need to Know About the iPhone 16 Pro and Pro Max We've put together this cheat sheet to help you explore and make the most of the latest features in iOS 18. It'll also help you stay on top of upcoming iOS 18 updates. Getting started with iOS 18 My iOS 18 Review See Whether Your iPhone's Compatible With iOS 18 Don't Forget to Back Up Your iPhone Before Updating to iOS 18 How to Download iOS 18 to Your iPhone Using iOS 18 iOS 18 Is Here and It Brings These Features to Your iPhone 7 Settings to Change in iOS 18 After You Download the Update All the Ways to Customize Your Home Screen 7 New Messages Features to Try Now 6 New Maps Features to Help You Find Your Way Hidden Settings and Features in iOS 18 How to Fix These Two Annoying iOS 18 Settings How to Make Sure RCS Messaging Is Enabled on Your iPhone Schedule a Message to Send Later So You Don't Forget How to Make Your Texts Bold and Shake With Excitement Customize Your Lock Screen So You Don't Accidentally Turn Your Flashlight on Again How to Make Your iPhone's Control Center Live Up to Its Name What is T9 Dialing and How to Use It on iOS 18 Quickly and Easily Lock and Hide Apps on Your iPhone How to Resize Widgets Right From Your Home Screen How to Use Your Favorite Emoji to React to a Text Find On Page in Safari Has a New Location. Here's Where It Is Open App is Your Key to Customizing Your iPhone's Controls and Lock Screen Organize Your Notes App With Collapsible Sections Convert Distance, Currency and More In Calculator Your Maps App Gets This Helpful New Feature in iOS 18 How to Mirror Your iPhone to Your Mac Shoot Video and Play Music at the Same Time With This Feature Enable This iOS 18 Setting if You Can't Hear a Movie or Show's Dialogue Hide Banners and More in Safari With This Feature Your Phone App Gets This Hidden Upgrade How to Make Messages Do the Math for You Create a Custom Hiking, Walking or Running Route in Maps What iOS 18 Changes About Your Smart Home Security Why Does Siri Look the Same in iOS 18? How Genmoji Will Work When It's Released on iOS 18 iOS 18 updates iOS 18.1 Public Beta Brings These Features to Some iPhones How to Download the Beta of iOS 18.1 Check back here later for more updates on iOS 18 and how to use the new features in the OS. You can also check out everything Apple announced at its September event and our iPhone 16 and 16 Pro reviews. Read more https://www.cnet.com/tech/services-and-software/ios-18-your-iphone-just-got-all-these-new-features/.

Payfare Withdraws Financial Guidance as DoorDash Partnership Winds Down

Posted by radio1n1 — Sun, 29 Sep 2024 08:29 GMT

Earned wage access (EWA) company Payfare said Thursday (Sept. 26) that it is withdrawing its previously issued 2024 financial guidance for revenue and earnings after learning that its core services agreement with DoorDash will not be renewed. The companies are establishing a transition plan to begin in the fourth quarter, and the core services agreement related to DoorDash's DasherDirect card program will stop at the end of its current term in early 2025, Payfare said in a Thursday press release. "DasherDirect is currently Payfare's largest program, and the revenue derived from the program has been a substantial portion of Payfare's total revenues," Payfare said in the release. Reached for comment by PYMNTS, a DoorDash spokesperson provided a statement saying the company is moving to a new vendor and will soon share news of other financial services solutions. "As we transition out of our relationship with Payfare to a new vendor, Dashers will continue to have access to DasherDirect for the months to come," the statement said. "Dashers who are enrolled will continue to enjoy cash back rewards and instant-no-fee direct deposit after every dash." "Our partnership with Payfare has helped empower millions of Dashers on their journey toward reaching their goals," the statement added. "We're excited to continue providing cutting-edge financial services solutions to Dashers, and look forward to sharing more soon." Payfare said in its press release that it is well capitalized to fund new strategic initiatives, and that it believes the aggregate gross dollar value from these opportunities could mitigate the impact of the non-renewal of the agreement with DoorDash. The EWA company has over $100 million in cash, cash equivalents and guaranteed investment certificates, according to the release. "Payfare continues to see high growth with its other client programs and is working on securing new, large-scale EWA programs in both the gig economy and employee verticals," the release said. The company also announced a board of directors update at Payfare, saying that Hugo Chan resigned as a director of the company for personal reasons after moving to Asia. This news came about a month after Payfare and Lyft announced that Payfare is powering a new earned wage access that the rideshare company READ MORE>>> https://www.pymnts.com/partnerships/2024/payfare-withdraws-financial-guidance-as-doordash-partnership-winds-down/ added to the Lyft Direct debit card and banking app designed for drivers.

At least 3,661 killed this year in Haiti violence: UN

Posted by radio1n1 — Fri, 27 Sep 2024 21:55 GMT

According to Yahoo News! More than 3,600 people have been killed this year in "senseless" gang violence ravaging Haiti, the United Nations said on Friday.One of the world''s poorest countries has been plunged into anarchy, with gangs taking over the capital, Port-au-Prince, and the security and health systems collapsing.About 600,000 people were displaced in the first six months of 2024 and 1,280 were injured in gang violence, including 295 women and 63 children, the UN rights office (OHCHR) said in a report.

At least 893 individuals, including 25 children, were kidnapped and held for ransom by criminal groups, who are vying for power in a vacuum left by political crisis and weak state authority."Latest figures documented by the UN Human Rights Office indicate that at least 3,661 people have been killed since January this year, maintaining the high levels of violence seen in 2023," the office said.

Port-de-Paix summer fest: Where soccer meets culture in Haiti's northwest

Posted by radio1n1 — Fri, 27 Sep 2024 21:51 GMT

Thousands gather at Capois La Mort Sports Complex for a vibrant celebration blending soccer, music, and community spirit in Port-de-Paix. https://i0.wp.com/haitiantimes.com/wp-content/uploads/2024/09/IMG_0537-scaled.jpg?resize=1568%2C1176&ssl=1 PORT-DE-PAIX-Each summer, the Northwest Department of Haiti hosts one of the region''s most anticipated celebrations in Port-de-Paix, the vibrant coastal capital city. The celebration integrates sports with cultural activities such as soccer, music, dance, food, and drinks. This year was no exception, as thousands of residents and numerous entrepreneurs from diverse backgrounds gathered jubilantly from July 7 to September 22 at the Capois La Mort Sports Complex to enjoy themselves. Local music and dance groups performed every afternoon, complementing the soccer matches and creating a festive atmosphere. READ MORE>>>

Frank Kaminsky Returns to Phoenix Suns, Eyeing Spot on 2024-25 Roster

Posted by radio1n1 — Fri, 27 Sep 2024 21:46 GMT

Frank Kaminsky is finally home-bound once again- with the Phoenix Suns.Kaminsky returned to The Valley once more after having played 105 games for the side in regular seasons and playoff games. The experienced forward is fighting for a place on the roster of 2024-25.The 31-year-old big man had spent the previous season playing abroad; however, he is back to feature for the NBA team for a second stint, chasing bigger fortunes with the Suns this time. Posted at Sports World News

Tracking Helene's impact on Cincinnati region

Posted by radio1n1 — Fri, 27 Sep 2024 21:29 GMT

Hurricane Helene weakened to a Tropical Storm over Georgia with maximum sustained winds of 70 mph early Friday, the National Hurricane Center said.Helene continues to weaken while moving farther inland over Georgia. The storm was about 40 miles east of Macon and about 100 miles southeast of Atlanta, moving north at 30 mph at 5 a.m., the center in Miami reported.The storm made landfall in northwestern Florida as a Category 4 storm as forecasters warned the enormous system could create a "nightmare" storm surge and bring dangerous winds and rain across much of the southeastern U.S. There were at least four storm-related deaths.In our region, the Tri-State area has been upgraded to a HIGH WIND WARNING for Friday from noon to 10 p.m. ok

New York man deported to Haiti, though he's not a Haitian citizen, tells his story

Posted by radio1n1 — Fri, 27 Sep 2024 01:30 GMT

Paul Pierrilus has moved about a half dozen times in the three-plus years since he was deported to Haiti, even though he's not a Haitian citizen and had never been there before his forced removal. "Some neighborhoods are worse than others. Gangs literally taking over neighborhoods," Pierrilus said via a Zoom call from an undisclosed location. "I try to avoid the danger." Kidnappings are "not something that's rare," he said. "A huge target's on my back," said Pierrilus, who has witnessed violence and kidnappings. "They can tell you're Americanized. I stick out like a sore thumb." READ MORE>>> https://www.lohud.com/story/news/local/rockland/2024/09/26/deported-stateless-spring-valley-ny-man-sent-to-haiti-shares-story/75246237007/ Pierrilus said he knows it's time to move on when the nightly gunfire gets closer.

Waffle House will raise wages for tipped workers amid labor advocacy efforts

Posted by radio1n1 — Wed, 12 Jun 2024 17:14 GMT

The famed Waffle House fast-food franchise is increasing wages for its workforce of more than 40,000 employees. This move comes after a persistent year-long push from labor groups. CEO Joe Rogers III, addressing Waffle House employees in a video, announced the chain is elevating its base pay to a minimum of $3 per hour starting this month. The company plans to incrementally raise its base hourly rate to $5.25 by June 2026. Rogers stated Waffle House is also rolling out wage boosts via tenure bonuses and shift premiums over the coming two to three years. Higher menu prices will pay for the wage increases, Rogers explained. These wage adjustments come after more than a year of public campaigning by The Union of Southern Service Workers, a labor group that advocates for low-wage service workers. The group applied pressure on Waffle House through strikes, letters, and petitions. The Union of Southern Service Workers continues to campaign for a $25 hourly wage, 24/7 security for employees, and eliminating mandatory meal deductions. In March, the group filed a petition to the Labor Department requesting an investigation into the policy of deducting the cost of mandatory meals from employees' paychecks. TWITTER ERUPTS OVER VIRAL VIDEO OF WAFFLE HOUSE EMPLOYEE DEFLECTING A THROWN CHAIR: 'A NEW SUPERHERO' The wage hike marks a significant new phase in Waffle House's history. As Rogers put it, "This is the single largest additional investment in our workforce in the entire 68-year history of Waffle House." Every single employee at the nearly 2,000 Waffle House locations will benefit from the upcoming wage hikes, Rogers emphasized. The chain is adjusting its wage policies in an effort to standardize base hourly rates. However, as base pay does not include tips, wages will vary by state depending on the local minimum wage laws. Additionally, wages will rise more slowly in some rural markets than in urban areas. IN-N-OUT RAISES CALIFORNIA PRICES IN RESPONSE TO MINIMUM WAGE HIKE Wage laws in several states, particularly in the South, allow employers to pay service workers hourly rates well below the federal minimum wage. The service industry often meets minimum wage requirements by combining the base wage with customer tips. If reported tips do not reach the minimum wage, the employer is required to. If reported tips fall short of the minimum wage, the employer must make up the difference. Service and restaurant workers are often dependent on tips for a significant part of their income. According to the latest data from the Internal Revenue Service, workers received more than $38 billion in tips in the 2018 tax year. Tipped workers averaged an additional $6,000 for their base wages in 2018. TRUMP PLEDGES TO ELIMINATE TAXES ON TIPS FOR SERVICE WORKERS DURING LAS VEGAS RALLY Rodgers acknowledged the significance of the wage hikes given the critical reliance on tips for service workers. "This is a big deal, a massive additional investment," he said in the video addressing Waffle House employees. "And I don't see many others in our industry doing things like this." Since Waffle House's inception in 1955 in Georgia, the diner-style restaurant chain has expanded to at least 26 states, mostly in the South and Midwest. All Waffle House restaurants are open 24-hours a day, seven days a week. via: https://www.foxbusiness.com/economy/waffle-house-raise-wages-tipped-workers-amid-labor-advocacy-efforts

GameStop raises over $2B in stock sale during Roaring Kitty craze

Posted by radio1n1 — Wed, 12 Jun 2024 09:42 GMT

GameStop raised more than $2 billion after selling 75 million shares, the video game retailer said Tuesday. The sales of the shares stemmed from an at-the-market equity offering program that GameStop announced earlier in the month. 'ROARING KITTY' COULD NOT SAVE GAMESTOP AS MEME STOCK TANKS "GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments," the retailer said. It marked the second at-the-market equity offering that GameStop has conducted in the past month, following a smaller one involving 45 million shares in May. That grossed $933.4 million, the retailer said in a Securities and Exchange Commission (SEC) filing. 'ROARING KITTY'S GAMESTOP POSITION IS IN THE MONEY Proceeds from the May stock sale were also intended for "general corporate purposes." Both stock sales came as GameStop received heightened attention and experienced stock price fluctuations due to meme stock retail trader Keith Gill becoming active again on his "Roaring Kitty" social media accounts. 'ROARING KITTY' SAYS GAMESTOP TO BENEFIT FROM 'RYAN COHEN AND CREW' via: https://www.foxbusiness.com/markets/gamestop-raises-over-2b-stock-sale-during-roaring-kitty-craze

50% of Americans saving for college don't know about a 529 savings plan: survey

Posted by radio1n1 — Wed, 12 Jun 2024 09:14 GMT

Americans may be missing out on an essential college savings tool, according to a recent survey. Half of all adults saving for education don't know about the benefits of using a 529 savings plan, and less than a quarter of them are using this financial tool to save for college, according to the Edward Jones survey. Additionally, only 25% know that these plans can be used to fund more than just higher education. The biggest obstacle preventing more Americans from using 529 plans is the misconception that they require more savings or income to open. "A 529 education savings plan is an investment account that offers tax benefits when used toward qualified education expenses for the account beneficiary," the survey said. Earnings grow tax-free, and distributions are federally tax-free when used for qualified education expenses. With changes to federal and state laws, 529 plans can now be used for more things. "Thanks to tax law changes over the past seven years, 529 plans are more useful and applicable than ever, and can often be used tax-free and penalty-free for secondary schools, technology purchases to further education and much more," Andy Esser, an Edward Jones financial advisor said. "As a financial advisor and parent, I see first-hand the varying benefits of 529 funds - no matter what path a child may choose. Educating families on those benefits leads to more impactful results." If you're concerned about college costs and are considering a private student loan, it can help to shop around for the best rate. You can visit Credible to learn more about private student loan options and get personalized rates from multiple lenders without dinging your credit score. BIDEN WANTS TO GIVE HOMEBUYERS $400 PER MONTH: STATE OF THE UNION More Americans (27%) are considering saving money for vocational or trade school compared to the 22% who are considering saving for the conventional four-year college path, the survey said. However, only 47% know 529 plans can finance vocational and trade schools. Additionally, 529 savings can be put towards room and board, a considerable expense sometimes not covered by scholarships. Savers can also use these funds to repay student loans. Any unused funds can be rolled over into a Roth IRA for the beneficiary beginning in 2024, according to Edward Jones. "Though one-third of Americans saving for a child's education (32%) do not know what a 529 plan is, the features of the savings plan resonate with many," the survey said. "In fact, three out of five Americans (61%) say the tax benefits make them more inclined to enroll in a plan. Other popular features that made Americans more compelled to consider 529 plans include the flexibility to control their 529 accounts (58%) and using the money to pay for qualified education expenses (56%)." If you hold private student loans, you could lower your monthly payments by refinancing to a lower interest rate. Visit Credible to speak with an expert and get your questions answered. HOMEBUYERS GAINED THOUSANDS OF DOLLARS AS MORTGAGE INTEREST RATES FALL: REDFIN The survey said parents are more likely to save for education, but 60% do not feel they're saving enough to reach their goals for future education expenses. Here's how Americans plan to reach their education savings goal: Despite the numerous advantages 529 plans provide, only 14% have or plan to invest in one as part of their education savings strategy. "If you start saving from birth, about a third of your college savings goal will come from the earnings," Mark Kantrowiz, a nationally recognized expert on student financial aid said in a recent interview with Financial Sense. "If you wait until your child enters high school, about 10% will come from the earnings. But there are also about two-thirds of the states that have state income tax breaks on your contributions to the state's 529 plan. So it's a tax advantage and financial aid advantage way of saving for college." If scholarships, grants, college savings, and federal aid don't cover all your education costs, and you are considering a private student loan, comparing your options can help you plan better. Credible can help you compare fixed and variable-rate private loan options from multiple lenders. HIGH HOMEOWNERS INSURANCE RATES SCARING AWAY FLORIDA HOMEBUYERS, OTHER STATES FACE THE SAME ISSUE Have a finance-related question, but don't know who to ask? Email The Credible Money Expert at moneyexpert@credible.com and your question might be answered by Credible in our Money Expert column. via: https://www.foxbusiness.com/personal-finance/education-savings-plan-college-university

Chiquita must pay Colombian families $38.3 million, Florida jury says

Posted by radio1n1 — Tue, 11 Jun 2024 20:14 GMT

Chiquita Brands International must pay $38.3 million in damages to the families of eight Colombian men killed by a paramilitary group in that country, a Florida jury said on Monday. Chiquita in 2007 was ordered by a U.S. court to pay a $25 million fine to settle criminal charges that it did business with the United Self-Defense Forces of Colombia (AUC) paramilitary group. CHIQUITA FILES FOR BANKRUPTCY Chiquita pled guilty in that case to paying protection money from 2001 to 2004, which it said it did in order to protect employees. The jury in the civil case before the U.S. District Court Southern District of Florida said in the verdict on Monday that Chiquita knowingly provided substantial assistance to the AUC in the form of cash payments or other means of support, to a degree sufficient to create a foreseeable risk of harm. The men were killed by the AUC, the jury said, and Chiquita did not prove its support for the AUC was the result of impending harm to the company or its employees. "The verdict does not bring back the husbands and sons who were killed, but it sets the record straight and places accountability for funding terrorism where it belongs: at Chiquita's doorstep," said Agnieszka Fryszman, a lawyer at law firm Cohen Milstein Sellers & Toll, who represented the plantiffs, said in a statement. Chiquita did not immediately respond to a request for comment. via: https://www.foxbusiness.com/markets/chiquita-must-pay-colombian-families-38-3-million-florida-jury-says

Ozempic vs Krispy Kreme: Wall Street firm bets weight-loss drugs won't beat doughnut sales

Posted by radio1n1 — Tue, 11 Jun 2024 09:19 GMT

While the demand for weight loss drugs continues to surge, one Wall Street firm is betting that Americans' love for doughnuts is too strong to give them up. Truist Securities on Monday upgraded Krispy Kreme to buy from hold, with analysts led by Bill Chappell saying that the negative impact of the glucagon-like peptide 1 (GLP-1) drugs has already been reflected in the stock's current valuation. HIMS & HERS ROLLS OUT WEIGHT-LOSS SHOTS MUCH CHEAPER THAN OZEMPIC, WEGOVY Chappell said in a note that the firm's downgrade of Krispy Kreme last year was "due to the belief that the GLP-1 overhang on snack food companies would last for some time." However, Chappell said they believe "this thesis has largely played out." GLP-1 agonists are a class of Type 2 diabetes drugs that improves blood sugar control but may also lead to weight loss. Semaglutide, which is the active ingredient in Novo Nordisk's Wegovy and Ozempic, as well as tirzepatide, which is the active ingredient in Eli Lily's Mounjaro and Zepbound, are considered GLP-1 drugs. They have surged in popularity in recent years as people touted the drugs' weight-loss effects. In turn, food executives are noticing some shoppers' habits are changing, but Truist analysts argue that American's sweet tooth isn't going away. "To be clear, healthy-living, low-sugar diets, have been around for 30 years. From Atkins bars to protein bars to sweet potato chips, there have been hundreds of "better for you" snack alternatives offered by everyone from small startups to global packaged food companies," Chappell said. At the same time, he noted how the $69 billion U.S. indulgent snack market has continued to grow. WEGOVY, THE WEIGHT-LOSS MEDICATION, GETS FDA APPROVAL FOR USE AS HEART DISEASE PREVENTION DRUG It underscores how Americans "want to eat healthy, but we like our sweets," he added. Krispy Kreme, in particular, is "more sheltered" than other areas of the indulgent sweet market. Chappell hinted that there will always be an occasion to pick up some doughnuts. "Don't be the person who brings a vegetable platter to a 9-year-old birthday party or office gathering," he said. GET FOX BUSINESS ON THE GO BY CLICKING HERE So even if the "pie shrinks," the analysts believe that Krispy Kreme "has more than enough opportunity" to expand its share of the pie and consistently grow sales by a moderate single-digit to high single-digit percentage over the next few years. via: https://www.foxbusiness.com/lifestyle/ozempic-vs-krispy-kreme-wall-street-firm-bets-weight-loss-drugs-wont-beat-doughnut-sales

Tesla must face false advertising claims against Autopilot, California administrative judge rules

Posted by radio1n1 — Tue, 11 Jun 2024 08:53 GMT

A California administrative judge on Monday set back Tesla as the electic carmaker fends off allegations from the state's top regulator that it falsely marketed its vehicles' self-driving feature. Judge Juliet Cox of the state Office of Administrative Hearings (OAH) rejected Tesla's effort to have the lawsuit brought by the California Department of Motor Vehicles dismissed. The judge said that if the allegations are true, they would support enforcement action against Tesla. In a five-page ruling, Cox said it was too early to dismiss the DMV case before a formal hearing. Tesla had argued a hearing was unnecessary since Cox had enough documents to review and rule. The DMV sued in July 2022 over accusations that Tesla mislead customers about vehicles with Autopilot and Full Self-Driving Technology. Tesla vehicles "could not at the time of those advertisements, and cannot now, operate as autonomous vehicles," the lawsuit said, according to Reuters. TESLA AUTOPILOT, SIMILAR AUTOMATED DRIVING SYSTEMS RATED 'POOR' BY SAFETY GROUP If found liable, Tesla could have its license to sell vehicles in California suspended and be required to make restitution to Tesla owners who reside in the state. Tesla did not immediately respond to a request for comment. The DMV told Reuters its claims will be formally reviewed before the OAH on Sept. 9. TESLA DRIVER IN FATAL CRASH HAD REPORTED PROBLEMS BEFORE WITH 'AUTOPILOT' FEATURE On May 15, a San Francisco federal judge rejected Tesla's bid to dismiss a proposed nationwide class action claiming it misled consumers into believing their vehicles would soon have self-driving capabilities. Tesla, whose CEO Elon Musk relocated its corporate headquarters from Palo Alto in California to Austin, Texas in 2021, has faced federal probes into whether its self-driving technology might have contributed to fatal car crashes. TESLA SETTLES LAWSUIT OVER AUTOPILOT CRASH THAT LEFT APPLE ENGINEER DEAD In April, Tesla reached a settlement in a lawsuit over a 2018 fatal crash that killed an Apple engineer who was behind the wheel of his Model X while on Autopilot, when the car swerved into a barrier on a highway near San Francisco. Federal prosecutors are separately examining whether Tesla committed fraud by misleading investors about self-driving, Reuters reported. Tesla describes Autopilot as an "advanced driver assistance sytem" on its website that can match the speed of surrounding traffic on cruise control and assist with steering in clearly marked lanes. Tesla's Full Self-Driving Capability promises to let the car "drive itself almost anywhere with minimal driver intervention." CLICK HERE TO READ MORE ON FOX BUSINESS Features include guidance on highway on-ramp and off-ramps, automatic lane changes, automatic steering, acceleration and braking and obedience to traffic signals. But Tesla has warned that Autopilot does not excuse drivers from paying attention on the road, and the technologies "do not make the vehicle autonomous." Fox Business' Greg Wehner and Reuters contributed to this report. via: https://www.foxbusiness.com/fox-news-auto/tesla-must-face-false-advertising-claims-against-autopilot-california-administrative-judge-rules

Elon Musk blasts Apple's approach to AI, threatens to ban devices if OpenAI integrated into operatin

Posted by radio1n1 — Mon, 10 Jun 2024 21:08 GMT

Elon Musk on Monday threatened to ban Apple devices at his respective companies if the tech giant integrated OpenAI at the operating system level. Writing on X, the Tesla CEO called the prospect an "unacceptable security violation." Should he follow through with the ban, Musk said visitors would have to check their Apple devices "at the door, where they will be stored in a Faraday cage." The comments came after Apple announced a slew of AI features across its apps and operating platforms and a partnership with OpenAI to bring the ChatGPT technology to its devices. WORLD'S LARGEST WEALTH FUND TO VOTE AGAINST MUSK'S $56 BILLION TESLA PAY PACKAGE Apple said it had built AI with privacy "at the core" and it would use a combination of on-device processing and cloud computing to power those features. Musk said it was "patently absurd that Apple isn't smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy!" ELON MUSK'S XAI SELECTS SOUTHERN CITY FOR 'WORLD'S LARGEST' SUPERCOMPUTER SITE A community note under that tweet noted that Apple has created their own AI called "Apple Intelligence" and ChatGPT was an "additional feature within Apple Intelligence, is limited to Siri and Writing Tools and will require permission from the user for every use." Musk sued OpenAI, which he co-founded in 2015, and its CEO Sam Altman at the beginning of March, saying they abandoned the startup's original mission to develop AI for the benefit of humanity and not for profit. He has also founded his own startup, xAI, in a bid to challenge OpenAI and build an alternative to the viral chatbot ChatGPT. xAI was valued at $24 billion in its last funding round, where it raised $6 billion in series B funding. CLICK HERE TO GET FOX BUSINESS ON THE GO FOX Business has reached out to Apple and OpenAI for a response to Musk's comments. Reuters contributed to this report. via: https://www.foxbusiness.com/technology/elon-musk-blasts-apples-approach-ai-threatens-ban-devices-openai-integrated-operating-system

OpenAI colleagues warn race for AI could lead to 'human extinction'

Posted by radio1n1 — Mon, 10 Jun 2024 20:25 GMT

A group of former and current OpenAI employees released a letter online expressing concerns about the effects and serious risks artificial intelligence (AI) technology could have on humanity. The letter, which was posted on righttowarn.ai, was signed by five former OpenAI employees, a current and a former employee from Google DeepMind, four unnamed current employees at OpenAI and two unnamed former OpenAI employees. The group said the risks AI poses range from "the further entrenchment of existing inequalities, to manipulation and misinformation, to the loss of control of autonomous AI systems potentially resulting in human extinction." "AI companies themselves have acknowledged these risks, as have governments across the world and other AI experts," they wrote. "We are hopeful that these risks can be adequately mitigated with sufficient guidance from the scientific community, policymakers, and the public." APPLE'S WWDC TO BE AI TURNING POINT FOR TECH GIANT The group says AI companies have strong financial incentives to avoid effective oversight as well as substantial information about the capabilities and limitations of their systems. For instance, the companies have nonpublic information about the adequacy of their protective measures and the risk levels of different types of harm that could come as a result of AI advancements. Daniel Kokotajlo, one of the group members and a former researcher in OpenAI's governance division, told the New York Times OpenAI is excited about building artificial general intelligence, or AGI, but they are "recklessly racing to be there first." ZOOM CEO WANTS CUSTOMERS TO SEND THEIR AI-POWERED 'DIGITAL TWINS' TO FUTURE MEETINGS Kokotajlo said he previously predicted that AGI could arrive by 2050, though after seeing how quickly the technology was advancing, he told the Times there is a 50% chance it could arrive by 2027. He also said he believes the probability that advanced AI will destroy or cause catastrophic harm to humanity is 70%. The group said they do not think the companies can be relied upon to share the information voluntarily. "So long as there is no effective government oversight of these corporations, current and former employees are among the few people who can hold them accountable to the public," they wrote. Confidentiality agreements prevent the members of the group from voicing their concerns, and they said ordinary whistleblower protections are insufficient, saying they focus on illegal activity. AI has yet to be regulated and, therefore, cannot be considered illegal activity. APPLE UNVEILS 'APPLE INTELLIGENCE' AT WWDC OpenAI told FOX Business it agrees with the letter's call for government regulation of the AI industry, as it was the first in the industry to call for such regulation. The company also said they regularly engage with policymakers around the world and are encouraged with the progress being made. An OpenAI spokesperson also said they have a track record of not releasing technology until the necessary safeguards are in place. Because its products are used by 92% of Fortune 500 companies, safe and reliable systems are critical. The spokesperson said that if the products were not safe, the companies would not subscribe. "We're proud of our track record providing the most capable and safest AI systems and believe in our scientific approach to addressing risk," the OpenAI spokesperson said. "We agree that rigorous debate is crucial given the significance of this technology and we'll continue to engage with governments, civil society and other communities around the world." GET FOX BUSINESS ON THE GO BY CLICKING HERE "This is also why we have avenues for employees to express their concerns including an anonymous integrity hotline and a Safety and Security Committee led by members of our board and safety leaders from the company," the spokesperson added. via: https://www.foxbusiness.com/technology/group-openai-colleagues-warn-race-ai-lead-human-extinction

Austrian Airlines plane severely damaged after flying through hailstorm

Posted by radio1n1 — Mon, 10 Jun 2024 09:39 GMT

Dramatic images have emerged showing the front of an Austrian Airlines plane severely damaged after it flew through a hailstorm, forcing its pilots to make a "mayday distress call." A spokesperson for the airline told FOX Business that the Airbus A320 aircraft was flying from Palma de Mallorca in Spain's Balearic Islands to Austria on Sunday when it "encountered a thunderstorm cell during approach to Vienna, which according to the cockpit crew, was not visible on the weather radar." "As of now, the hail has damaged the two front cockpit windows, the aircraft nose, and some coverings. Due to the damage, a Mayday distress call was made," the spokesperson said. Photos taken after the plane landed safely show a portion of its nose peeled off. Marks also can be seen covering the windows of the cockpit. BOEING JET ENGINE SEEN SPEWING FIRE ON AIR CANADA FLIGHT: 'HEART IN MOUTH MOMENT' "All passengers on the flight were unharmed. The Austrian Airlines technical team is already tasked with assessing the specific damage to the aircraft," the airline told FOX Business. The airline added that "the safety of our passengers and crews is the top priority." Emmeley Oakley, a passenger identified by ABC News as being on board the flight, told the network that "I think we were about 20 minutes from landing when we got into a cloud of hail and thunderstorm, and the turbulence started." AIRLINE PASSENGER TRACKS DOWN STOLEN LUGGAGE TO AIRPORT WORKER'S HOME USING APPLE WATCH "We could definitely feel the hail coming down on the plane, and it was quite loud and super rocky for a minute," she added. Oakley told ABC News that some people inside the plane were screaming, but "the cabin crew did a really good job calming those people down though." CLICK HERE TO READ MORE ON FOX BUSINESS "It wasn't until we exited that we saw the nose was missing!" she also said. "The pilots really did an excellent job keeping things as smooth and safe as they could." via: https://www.foxbusiness.com/lifestyle/austrian-airlines-plane-severely-damaged-flying-through-hailstorm

Today's mortgage rates rise for 15- and 30-year terms | June 10, 2024

Posted by radio1n1 — Mon, 10 Jun 2024 08:36 GMT

The interest rate on a 30-year fixed-rate mortgage is 6.875% as of June 10, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is 0.135 percentage points higher than on Friday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms and fees to ensure you get the best deal. Rates last updated on June 10, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-june-10-2024

'Elite cattle': Heavy cow that's 'closest to perfection' fetches millions at auction, breaking world

Posted by radio1n1 — Sun, 9 Jun 2024 19:44 GMT

A Brazilian cow broke records after selling for more than $4 million at an auction, more than three times the last record holder's price. Weighing 2,400 pounds, Viatina-19 FIV Mara Mov is is twice as heavy as an average adult of her breed. Viatina-19 is the result of Brazil's years-long efforts to raise meatier cows so that more people will eat its beef. Per the Guinness World Records, Viatina-19 sold for the equivalent of $4.38 million in Arand , S o Paulo, Brazil. Prizewinners are sold at high-stakes auctions - so high that wealthy ranchers share ownership. They extract the eggs and semen from champion animals, create embryos and implant them in surrogate cows that they hope will produce the next magnificent specimens. "We're not slaughtering elite cattle. We're breeding them. And at the end of the line, going to feed the whole world," one of her owners, Ney Pereira, told The Associated Press after arriving by helicopter to his farm in Minas Gerais state. "I think Viatina will provide that." AMERICANS STILL NOT SOLD ON EVS DESPITE BIDEN PUSH, POLL SHOWS Pereira's daughter, Lorrany Martins, said the hefty price stems from how quickly the cow put on vast amounts of muscle, from her fertility and how often she has passed those characteristics to her offspring. Breeders also value posture, hoof solidity, docility, maternal ability and beauty. Those eager to level up their livestock's genetics pay around $250,000 for an opportunity to collect Viatina-19's egg cells. "She is the closest to perfection that has been attained so far," Martins said. "She's a complete cow, has all the characteristics that all the proprietors are looking for." Viatina-19's owner, Pereira, said she gets special treatment to boost egg cell production, but would thrive were she put to pasture - where almost all his elite cattle feed. Viatina-19 is now pregnant and Pereira's is eyeing expansion. The cow's egg cells have sold to Bolivian buyers and Pereira wants to export to other countries like the United Arab Emirates, India and the US. The Associated Press contributed to this report. via: https://www.foxbusiness.com/lifestyle/elite-cattle-heavy-cow-closest-perfection-fetches-millions-auction-breaking-world-records

Kia recalls 460K Telluride SUVs over fire risk; urges owners to 'park outside'

Posted by radio1n1 — Sun, 9 Jun 2024 19:07 GMT

Kia America is recalling more than 450,000 Telluride vehicles due to an issue that could cause the SUV to catch fire while parked or on the move. The National Highway Traffic Safety Administration (NHTSA) announced the recall on its website on Friday. It involves 462,869 2020-2024 Telluride SUVs. Kia also advised owners of the affected vehicles to park their Tellurides outside and away from structures and other vehicles until the recall repair is completed. The issue is with the front power-seat motor, which could overheat if the power-seat slide knob is stuck. When the motor overheats, it could result in a fire and increase the risk of injury. KIA RECALLS OVER 427 VEHICLES THAT COULD ROLL AWAY WHILE IN PARK Kia told Fox News Digital there has been one localized underseat fire and six localized melting of a power-seat motor, though no crashes, injuries or fatalities have happened because of the issue. Dealers will install a bracket for the power-seat switchback covers on recalled vehicles and replace the seat slide knobs free of charge. Notices will begin going out to drivers of affected vehicles beginning on July 30. MORE THAN 3.7M CARS ON ROAD HAVE 'PARK OUTSIDE' RECALLS, CARFAX SAYS Included with the notice will be instructions to take the vehicle to a Kia dealer. Anyone with questions can call Kia's Customer Car Care Center at 800-333-4542 or their local Kia dealer. This marks the latest in a growing list of recalls across the auto industry. It comes just months after Kia recalled more than 427,000 Telluride vehicles manufactured between 2020 and 2023, as well as some 2024 models, because of the potential the cars could move while in park. NHTSA warned that the intermediate shaft and right front driveshaft on the vehicles "may not be fully engaged due to suspected improper assembly by the supplier." GET FOX BUSINESS ON THE GO BY CLICKING HERE Over time, the "partial engagement can cause damage to the intermediate shaft splines," which could "result in unintended vehicle movement while in park if the parking brake is not engaged," according to NHTSA. FOX Business' Daniella Genovese contributed to this report. via: https://www.foxbusiness.com/markets/kia-recalls-telluride-suvs-over-fire-risk-urges-owners-park-outside

We were in debt up to our eyeballs. Here's how we dug ourselves out of it and bought a home

Posted by radio1n1 — Sun, 9 Jun 2024 09:01 GMT

"Always the bridesmaid, never the bride." Oh wait, we were talking about home buying? Ah... always the renter, never the owner. It's the way so many of us feel. We watch as our family members and friends buy homes, and we congratulate them with a housewarming gift in hand and a smile plastered across our face. We're happy for them-we truly are. But there's this nagging voice on the inside always asking, "Why not me? When will it be my turn? How in the world were they able to afford that?" If we're being honest here, it's hard not to be flat out jealous of people who are able to buy a home in this market-or the folks who got in before interest rates went through the roof. Those lucky duckies. We can't help but feel that we're somehow behind in life's race to home ownership. And that, somehow, we've been dealt a bad hand or given a raw deal. I remember that feeling all too well. HOMES ARE OVERVALUED IN MOST OF THE US - AND THE PROBLEM IS WORSE IN THESE 5 STATES Back in 2007, my husband, Sam, and I got married. Initially, we moved into his small town house. But within a year, instead of upgrading to a bigger home, we went "backward." We sold the town house-and all of our furniture-and moved into a one-bedroom apartment we could afford. Then, a year later, we took it a step further and rented a cheaper place where we could have roommates. That's right, we got roommates to help out with the rent. Two married people living with two other married people. I can hear some of you saying, "Awesome, that would be just like "Friends" or "Three's Company." Nope. It wasn't. It was our rock bottom. Trust me, there's nothing awesome about living in a shared condo and sleeping on an air mattress while your friends are off buying houses and having babies. Talk about feeling behind in life! But we were racked with about $460,000 in consumer and student loan debt. We knew we wouldn't have peace about buying a home without first walking the journey to pay off all our debt and get to a healthy place financially. RENTING IS SLIGHTLY CHEAPER THAN BUYING, PUSHING GEN Z TO RENT MORE OFTEN THAN BUY For us, renting was a necessary step in the journey to homeownership. It bought us the time we needed to pay off our debt and save up to buy a home the right way. In truth, our goals were very simple in concept but very difficult to accomplish. But if we can do it, you can too. These were our goals: 1. Save $1,000 for an emergency fund. 2. Pay off all debt. 3. Save up 3-6 months of basic expenses. 4. Make sure we're playing with a stacked DECK. Here's what I mean by DECK: D. Down payment: Save at least 5%. (If you can hit 20% and avoid PMI, even better!) E. Earnest money: You need to be prepared to put this money down up front when you make an offer to show you're serious about buying a home. (It will get applied toward your down payment when you close.) C. Closing costs: These fees can be around 5% of the purchase price, and they're usually rolled into your mortgage loan. (This matters because it affects your monthly payment.) You can pay for these fees in cash or increase your down payment to offset them. K. Keep in mind and save for miscellaneous expenses-like inspection, appraisal and the actual move! GET FOX BUSINESS ON THE GO BY CLICKING HERE What made it most difficult for us was the timeline. These aren't goals you complete in just six months. Or even in six years. Saving money to do all these things when you don't have a ton of margin takes time. You need time to save and time to increase your income, so you can save more. It took us 10 years to complete everything on the list. Yep, we rented for 10 years. We went from hitting rock bottom in 2008 to turning the key to our first home in 2018. If I could give you one piece of advice: Don't be afraid of long timelines. The time's going to pass, anyway. And you can spend that time being overwhelmed and jealous and pointing fingers at all the bad breaks you've endured, or you can spend that time getting busy building the future you desire. Trust me, comparison is futile. It only wastes valuable time and mental calories. CLICK HERE TO READ MORE ON FOX BUSINESS Here's the thing: There will always be people "further ahead" than you (if that's even a thing). And there will always be times in life when wages aren't high enough, cost of living isn't low enough, and real estate conditions aren't as favorable as you'd like. But those things will hurt far worse if you don't have your finances under control. If you're anything like me, the key to getting the keys to your first home likely involves a journey toward getting your finances in order. Even if you don't have debt, simply saving for a down payment at these prices will take time. But don't let time scare you away from your dreams. It might take longer than you want to get your house, but that's OK. Because when you get it, it will be far sweeter, and you'll be far more grateful and appreciative. Jade Warshaw is a personal finance coach, bestselling author of Money's Not a Math Problem, and co-host of The Ramsey Show. Jade has a professional background in entertainment and has performed in over 92 countries worldwide. Since paying off over $460,000 in debt with her husband, Sam, Jade's been helping others learn how to get out of debt and take control of their money. As a co-host of "The Ramsey Show," the second-largest talk radio show in America, Jade helps people take back their power by teaching them to shift their mindset and actions around money. Follow Jade on Instagram, Facebook, TikTok and X, or online at jadewarshaw.com. via: https://www.foxbusiness.com/personal-finance/debt-out-eyeballs-how-dug-ourselves-out-bought-home

Super commuter touts 4-state-long commute to NYC: I'm making 'Manhattan money' with low living costs

Posted by radio1n1 — Sun, 9 Jun 2024 08:01 GMT

In an economy where the cost of living doesn't seem to be relenting any time soon, some workers are super-commuting several hours for the financial payoff across state lines. Kyle Rice, a paramedic and father of two who works for a tech company in Manhattan, explained his super commute from his home in Delaware to Manhattan during an appearance on "The Big Money Show." "In Delaware, we have a very low cost of living, so our insurance is lower, my mortgage is lower. We did refinance during the pandemic, so that helped a lot. But compared to prices in northern Jersey and especially here in the city, it's not even comparable," Rice said on Friday. NYC 'SUPERCOMMUTER' AVOIDS HIGH RENT BY TRAVELING FROM OHIO HOME EVERY WEEK Rice revealed that the cost to commute from Delaware to New York City is about $170 to $200 round trip, and the travel time is nearly two hours one way. A SUPER COMMUTER REVEALS THE LENGTHS HE WILL GO TO MAKE A REASONABLE WAGE, IS IT WORTH IT? Co-host Brian Brenberg noted the various unforeseen obstacles that traveling by train can involve, including delays, rising ticket costs and cancelations. However, the super commuter doubled-down on his strategy, arguing that he "absolutely" saves money despite the train system's potential unreliability. "It was a significant raise in pay for me from my job in Delaware to working here in Manhattan, so I'm making Manhattan money while living somewhere that doesn't have that cost of living that is expected to pay for it," he continued. WHY THE VIRAL TREND 'CHRONOWORKING' IS MAKING WAVES AMONG EMPLOYEES AND EMPLOYERS "It was a pretty significant bump for my family. I mean, I'm still paying taxes, right? The city's triple tax at this point for me, but it's still enough that it was worth the commute. It's still worth the commute." Rice said that with commuter benefits provided through work, Amtrak points and other cost-saving measures, the math made it clear that, overall, he was still saving money, even with travel costs. Additionally, he said he makes sure to pack food and snacks so that he can avoid paying extra on the train. Brenberg cited a recent study by Bank of America that found there is an increased demand for suburban housing, suggesting that there is a growing desire to move out of cities and into their neighboring suburbs. GET FOX BUSINESS ON THE GO BY CLICKING HERE "It's a lot of people in this generation because we know we can do it, right? Like, I learned that I can make this commute from watching someone else - another creator on TikTok - share their story of commuting, and I was like, 'If they can do it, I can do it.' I can put in for this job, I can make this kind of commute," Rice told Brenberg on Friday. "The access to knowledge has been the biggest change for my generation and the generations coming behind me. They're learning that they can make these things, that the little bit of effort is worth it to get that extra money, and you can broaden your horizons... where you work, and where you can travel to and commute to." Fox News Digital's Megan Myers contributed to this report. via: https://www.foxbusiness.com/media/super-commuter-touts-4-state-long-commute-nyc-making-manhattan-money-low-living-costs

Boeing jet engine seen spewing fire on Air Canada flight: 'Heart in mouth moment'

Posted by radio1n1 — Sat, 8 Jun 2024 20:32 GMT

Social media went ablaze on Friday, after an X account posted video of an Air Canada flight appearing to catch on fire. Air Canada recently addressed concerns about the flight, AC 872, which departed from Toronto en route to Paris on June 5. Officials said that the Boeing 777 aircraft carried 389 passengers and 13 crew members. The video, which was shot by an onlooker on the runway, showed the aircraft ascending hundreds of feet in the air while flames began sparking near its engine. The plane landed soon after. "Heart in mouth moment. Wouldn't blame the passengers for not wanting to fly after that plane returned safely..." one X user wrote in response to the footage. THESE US AIRPORTS ARE THE WORST TO FLY OUT OF - SEE THE LIST "This makes [me] not want to fly," another said. In a statement published on Friday, Air Canada explained that the fire was caused by an "engine issue that was determined to be a compressor stall." "The aircraft landed normally, and it was met by first responder vehicles as a precaution before it taxied to the gate on its own," the airline's press release read. "Passengers were accommodated on another aircraft later that same evening." Officials also explained what exactly happened with the jet's engine in the video. "Video posted to the internet of the incident shows the engine at the point of the compressor stall, which can happen with a turbine engine when its aerodynamics are affected," Air Canada added. "This can be caused by various factors, but the result is the flow of air through the engine is disrupted, causing fuel to ignite further down the engine, which is why flames are visible in the video. It is not the engine itself on fire." DOZENS OF PASSENGERS ON UNITED AIRLINES FLIGHT MYSTERIOUSLY FALL ILL EN ROUTE TO TEXAS The airline also noted that, thanks to its well-trained pilots, the situation "was quickly stabilized as per [Air Canada's] standard procedures and the aircraft landed normally." "Great job Air Canada, always feel like I am in good hands stepping on an AC flight," one Canadian wrote sarcastically. "Why are there so many aircraft incidents lately... looking dodgy," a different X user said. Other social media users commended the pilots who safely landed the aircraft. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER "Kudos to the pilots, the tower and all those involved. Listening to the audio the professionalism was amazing," a commentator said. "Congrats to the pilots who handled the situation super well," another applauded. This latest incident is one of many recent mishaps with Boeing planes. Last month, a Qatar Airways Boeing 787-9 Dreamliner flying from Doha to Dublin hit extreme turbulence and left 12 passengers injured. Also in May, a Singapore Airlines Boeing 777-300ER jet fell 178 feet in 4.6 seconds, killing a passenger and injuring dozens of others. The flight made an emergency landing in Bangkok. GET FOX BUSINESS ON THE GO BY CLICKING HERE Air Canada did not immediately respond to FOX Business' request for comment. Fox News Digital's Greg Norman contributed to this report. For more Lifestyle articles, visit foxbusiness.com/lifestyle. via: https://www.foxbusiness.com/lifestyle/boeing-jet-engine-spewing-fire-air-canada-flight-heart-mouth-moment

Pfizer's Paxlovid fails as 15-day treatment for long COVID, study finds

Posted by radio1n1 — Sat, 8 Jun 2024 18:17 GMT

A 15-day course of Pfizer's COVID-19 antiviral treatment Paxlovid did not relieve symptoms of long COVID, according to a study by Stanford University researchers. Currently, there are no proven treatments specifically for long COVID in which a host of symptoms can last for many months after initial coronavirus infection. LONG COVID IS HIGHEST IN THESE STATES, SAYS NEW CDC REPORT Scientists and patients had hoped that Pfizer's two-drug oral treatment would ease symptoms of long COVID after anecdotal reports of patients who said Paxlovid helped them. But the 15-week, 155-participant study failed to show that a 15-day course helped more than a placebo in reducing fatigue, brain fog, shortness of breath, body aches, or gastrointestinal or cardiovascular symptoms. Trial participants, on average, had been sick more than 16 months before enrolling in the trial. "We did not see a measurable difference based on patient reported outcomes in the six composite symptoms together," Stanford Medicine Professor Dr. Upinder Singh said in an interview. "We didn't see a benefit in individual symptoms either." Dr. Singh said she believes that further study of the treatment for long COVID still has merit, perhaps in longer courses than 15 days or in patients who haven't been sick for as long. The study did show that Paxlovid, which is currently prescribed as a 5-day course early after infection or symptom onset, is safe when used for 15 days, she added. Pfizer said in a statement that the results will not impact its other planned collaborative studies of Paxlovid as a potential treatment for long COVID. Paxlovid is the most commonly prescribed at home treatment for COVID-19 in the U.S. It is approved to treat COVID in adults who are at risk of severe complications from the illness. In Pfizer's original clinical trial, Paxlovid was shown to reduce hospitalizations and death from COVID by around 90% for unvaccinated people at risk for serious disease. In another trial, Pfizer was not able to show benefit for those considered at standard risk, including vaccinated patients. Pfizer funded the long COVID trial. Aside from Stanford researchers, scientists from Kaiser Permanente North California and Pfizer also contributed to the study. via: https://www.foxbusiness.com/healthcare/pfizers-paxlovid-fails-15-day-treatment-long-covid-study-finds

Missouri restaurant defends higher minimum age requirement for customers to avoid 'drama'

Posted by radio1n1 — Sat, 8 Jun 2024 08:37 GMT

A new restaurant in St. Louis, Missouri, is standing by its policy setting minimum ages of 30 and 35 for female and male customers, despite receiving some pushback. "Of course, we have been getting a little backlash, but that's OK because we're sticking to our code," Bliss Restaurant owner Marvin Pate told KSDK News. "It's just something for the older people to come do and have a happy hour, come get some good food and not have to worry about some of the young folks that bring some of that drama," Assistant Manager Erica Rhodes added in the report. The upscale restaurant and bar, which serves Caribbean and West African cuisine, opened last month to great fanfare on social media, its Facebook page shows. However, locals were divided on the establishment's age policy, which requires women to be 30 years old to enter and men to be 35. OHIO BAR SPARKS CONTROVERSY WITH NEW POLICY BANNING PATRONS UNDER 30 AFTER REPORTED VIOLENCE: 'NO EXCEPTIONS' "As a Black-owned business, Bliss Caribbean Restaurant is dedicated to providing North County with an upscale dining experience. To ensure a grown and sexy atmosphere, we require all guests to be 30 or older for women and 35 or older for men. This policy helps us maintain a sophisticated environment, uphold our standards, and support the sustainability of our unique ambiance," Bliss's owners wrote in a Facebook post announcing the age restriction. Everyone who enters the restaurant after 7PM Wednesday through Sunday must show their IDs to a hostess or a St. Louis County Police Officer on-site. Bliss explained this would create "a mature and relaxed environment for all guests," while allowing the business to "focus on providing exceptional service and a memorable experience," and ensure the restaurant "remains a premier destination for those seeking an upscale Caribbean dining experience." The social media post drew hundreds of comments, most of which appeared to praise the policy. PENNSYLVANIA CHICK-FIL-A CREATES NEW RULE AFTER ROWDY TEENS CAUSE CHAOS: 'WE'RE A FAMILY-FRIENDLY RESTAURANT' "I love the age requirement please don't get rid of it," one of the top comments read. "Love this cuz not only it's for the mature crowd but it makes you wanna go out again without the nonsense," another person wrote. "Anybody upset just doesn't understand what's happening with these businesses being tore up by younger crowd," another top comment said. Other locals were more skeptical about the age policy. "Everybody about to be in jungle hustle buying fake IDs," one critical person wrote. "I understand the need for setting an age limit to protect businesses. However, it's important to acknowledge that places like this that do allow family members and friends in without meeting the age restriction. Additionally, age does not guarantee behavior, as there are individuals above the age of 30-35 who may still engage in disruptive behavior. It's crucial to address the issue of behavior rather than solely focusing on age restrictions." "Welp there goes date night why such a big age difference between men and women? I'm 30 and wouldn't really see myself dating someone 5 years older than me," another person wrote. GET FOX BUSINESS ON THE GO BY CLICKING HERE Fox News Digital reached out to Bliss for comment but has yet to receive a response. via: https://www.foxbusiness.com/media/missouri-restaurant-defends-higher-minimum-age-requirement-customers-avoid-drama

San Francisco mansion for sale at an eye-popping $38 million price tag

Posted by radio1n1 — Sat, 8 Jun 2024 08:00 GMT

The title of most expensive home listed in San Francisco's real estate market currently belongs to an up-for-grabs luxury Pacific Heights property. The home, put on the market on the owner's behalf by Stacey Caen and Joseph Lucier of Sotheby's International Realty's San Francisco Brokerage, achieved that feat due to its $38 million asking price. There are a few other homes in the Pacific Heights area priced similarly albeit lower than the property, according to Redfin. A nearby house went for a record-setting $43.5 million in a 2021 deal, according to reports. NANTUCKET BEACHFRONT HOME SELLS FOR AN ABSURDLY LOW PRICE, BUT THERE'S A CATCH The $38 million home has over 10,100 total square feet, with four bedrooms, six full bathrooms and four partial ones, at what Caen and Lucier described in the property's listing as the "most coveted, cornerstone location" in the neighborhood. The Pacific Heights area is known for its luxury homes and its uber-wealthy residents. Billionaire Nvidia CEO Jensen Huang is said to have a house there, for example. Philanthropists Fritz and Lucy Jewett, both of whom have passed away, built the home back in the late 1980s and owned it until their deaths, The Wall Street Journal reported. Their son is reportedly selling it. The 37-year-old home contains a massive kitchen and spa, among other luxuries, photos and the Sotheby's listing indicate. KITTY LITTER HEIRESS LISTS CALIFORNIA ESTATE FOR $88M Its various rooms have "dazzled heads of state, royalty, and the city's high society" over the years, per the listing. The light-colored, multi-level home sits on a 0.18-acre lot. It features a massive garage that can fit seven cars. Residents and guests can see well-known San Francisco sights like the Golden Gate Bridge and Alcatraz from the home's windows. In San Francisco, homes had median asking prices of $1.2 million in April, according to Realtor.com. For sale prices, the median was $1.4 million. FLORIDA ESTATE LISTED FOR $295M WOULD BE A RECORD SALE Redfin pegged the national median asking price of homes at $392,200 for the four weeks ending June 2. via: https://www.foxbusiness.com/lifestyle/san-francisco-mansion-sale-eye-popping-38-million-price-tag

Dollywood edges out Disney for favorite theme park: survey

Posted by radio1n1 — Fri, 7 Jun 2024 20:33 GMT

Hello, Dolly! Dollywood has edged out Disney for favorite theme park, according to a survey from the National Amusement Park Historical Association. The NAPHA releases a survey every year that includes categories like "most beautiful theme park," "favorite traditional theme park" and "favorite wooden roller coaster," and Dolly Parton's eponymous park came out on top for "favorite theme park" overall. The Tennessee staple beat out both Disney World in Florida, which came in at second, while Disneyland in California took third. SEAWORLD ENTHUSIASTS AND TWIN BROTHERS WHO ATTENDED CAMP AS KIDS WORK AT PARK FOR MILESTONE ANNIVERSARY The park also won the top prize for having the top new attraction with its Big Bear Mountain roller coaster. The rankings were from NAPHA's 38th annual survey of the country's theme parks that covered the 2023 season, voted on by park enthusiasts. "Look at The Dolly Parton Experience, which we opened less than two weeks ago," Dollywood President Eugene Naughton said in a release, according to the Knoxville News Sentinel. "It is an industry-leading offering that follows closely behind two spectacular additions last year: the greatest new ride in the industry, Big Bear Mountain, and one of the top resort properties at any theme park, HeartSong Lodge & Resort." He attributed Dollywood's success to prioritizing the guest experience and investing in new rides and attractions. The average NAPHA member has been to more than 100 theme parks in the U.S. and globally, the newspaper reported. Dollywood first opened in 1986, 15 years after Disney World. Disneyland, which revolutionized modern theme parks, opened in 1955. "At Dollywood we celebrate the best of life as we light up the Smokies with rides, slides, music, food and laughter - day and night," Dollywood says on its website. "We invite you to our Tennessee home where you can hold on tight to those you love most in the great outdoors in each beautiful season of the year. Start planning now!" CLICK HERE TO READ MORE ON FOX BUSINESS Dollywood is located in Pigeon Forge, Tennessee, not far from where the country star herself was born. via: https://www.foxbusiness.com/lifestyle/dollywood-edges-out-disney-favorite-theme-park-survey

LARRY KUDLOW: 'Look under the hood' of Biden's May jobs report and you'll see the problem

Posted by radio1n1 — Fri, 7 Jun 2024 18:22 GMT

If you're going to buy a pre-owned, used car like so many people have to do nowadays, you can't just be impressed by a shiny new paint job. Instead, you've got to look under the hood. You've got to check out the engine, the oil, battery, brake fluid and spark plugs. Well, today's release of the May jobs report is much the same. The shiny, new paint job was a significant 272,000 increase. Although nearly half of that was government and government-related jobs, that's what the nonfarm payrolls showed. However, when you lift up the hood, what you see is an incredible 408,000 job loss from the household survey. US JOB GROWTH JUMPS BY 272K IN MAY WHILE UNEMPLOYMENT UNEXPECTEDLY RISES So what's the difference between the two? Well, the payroll establishment survey is mostly larger, established companies where the Bureau of Labor Statistics dials up the human resources department and gets a job headcount, but for the household survey, the BLS mainly calls families and individuals to ask if they are employed or not. Traditionally, the household survey is more heavily weighted toward small businesses, and actually over the past year has produced only a tiny 31,000 increase in jobs. Now, additionally, under the hood, the civilian labor force shrunk by 250,000 and as a consequence, the unemployment rate notched up to 4%. And another key indicator of the labor force is the employment-to-population ratio, which fell slightly in May to 60.1%. Now aside, the late, great labor economist Ed Lazear, former CEA chair, longtime professor at Stanford University, Ed Lazear always pointed to the employment-population ratio as the single best indicator of labor market strength or weakness. He was, by the way, a dear friend and mentor of mine. Now, during the Trump years, the employment population ratio reached 61.1% - that's 1% higher than today's number. However, going further back, the peak in that ratio was 64.6% in May of 2000. So, the point here is more people ought to be working. And my guess is, among the many complexities of the job story, both federal and state governments more and more are offering overly generous benefits not to work, but there is more concern with these job numbers. WHITE-COLLAR WORKERS ARE STRUGGLING TO FIND JOBS AS THE LABOR MARKET SLOWS Once again, full-time jobs fell 605,000 in May. This is not a monthly problem - this is a long-playing record. It's mirror image: Part-time jobs gained 286,000. So if full-timers are plunging and part-timers are surging, that cannot be a healthy economic sign. Additionally, in just May alone, 414,000 immigrants, both legal and illegal, gained jobs, while 663,000 native-born Americans lost jobs. This discouraging pattern has been going on for quite some time, but the trend line has accelerated significantly during the Biden years. Now, in terms of the ongoing Biden affordability crisis, if you call through the numbers over the past 12 months, the combination of average hourly earnings - that's wages - for production people - working folks - that times, hours worked, you get a proxy for their income, and that income number comes to only 3.4% increase, which is about the same as the consumer price index, which means they're not getting ahead of the ongoing inflation. Indeed, over Biden's entire term, real wages have fallen while all these prices have exploded. GET FOX BUSINESS ON THE GO BY CLICKING HERE So when you look at all these car parts under the hood, frankly, I think folks are going to buy a much better model: one that has lower taxes, deregulation and drill, baby, drill. We'll have to find a car that suits all that. This article is adapted from Larry Kudlow's opening commentary on the June 7, 2024, edition of "Kudlow." via: https://www.foxbusiness.com/media/larry-kudlow-look-under-hood-bidens-may-jobs-report-youll-see-problem

US job growth jumps by 272K in May while unemployment unexpectedly rises

Posted by radio1n1 — Fri, 7 Jun 2024 09:07 GMT

U.S. job growth accelerated again in May, defying expectations for a slowdown, even as the unemployment rate rose to the highest level in more than two years. Employers added 272,000 jobs in May, the Labor Department said in its monthly payroll report released Friday, easily topping the 185,000 gain forecast by LSEG economists. But the unemployment rate unexpectedly inched higher to 4% against expectations that it would hold steady at 3.9%. It marked the highest level for the jobless rate since January 2022. Wage growth also remained strong last month, with average hourly earnings - a key measure of inflation - rising 0.4%, more than expected. On an annual basis, wages increased 4.1% in May. "The May jobs report sent conflicting messages," said Bill Adams, chief economist for Comerica Bank. "Payrolls rose solidly, and wage growth picked up, signs the labor market is still running hot. On the other hand, the unemployment rate rose, recent job growth has been concentrated in part-time jobs, and temp jobs fell, signs the labor market is cooling." WHITE-COLLAR WORKERS ARE STRUGGLING TO FIND JOBS AS THE LABOR MARKET SLOWS Markets are closely watching the report for evidence that the labor market is continuing to soften after months of solid job gains as Federal Reserve policymakers weigh when to start cutting interest rates. Although inflation has fallen sharply from a peak of 9.1%, progress has cooled sharply since the summer. Policymakers have signaled that they are in no rush to cut, and that incoming economic data will guide their decision. SMALL BUSINESSES ARE RACKING UP CREDIT CARD DEBT, RAISING SOME CONCERNS "One step forward, two steps back," said Seema Shah, chief global strategist at Principal Asset Management. "Today's data undermines the message that other recent economic data have been giving of a cooling U.S. economy, and slams the door shut on a July rate cut. Not only has jobs growth exploded again, but wage growth has also surprised to the upside - both moving in the opposite direction to what the Fed needs to begin easing policy. " Stocks sank following the data before easing some of the losses, but the report dashed investor hopes for more imminent rate cuts, while bond yields spiked. The odds of a September rate hike fell to about 56% after the surprisingly hot report, according to the CME Group's FedWatch tool, which tracks trading. That marks a decline of about 12 percentage points from the previous date. Continued job growth "could help keep inflation more buoyant and delay Fed rate cuts to later this year or into next year," said Kathy Bostjancic, Nationwide chief economist. "We had been anticipating the start of rate cuts in September, totaling 50 basis points of cuts this year, but the persevering strong employment gains raises the likelihood of later rate cuts." Health care continued to lead the way in job creation, onboarding 68,000 new workers in May. Other sectors showing notable growth included the government (43,000), leisure and hospitality (42,000), and professional, scientific and technical services (32,000). GET FOX BUSINESS ON THE GO BY CLICKING HERE The report also showed modest revisions. Job gains for March were revised down by a total of 5,000 jobs to 310,000, the government said, while April's gain also came in slightly lower at 165,000 jobs. The labor market has remained historically tight over the past year, defying economists' expectations for a slowdown. Economists say it is beginning to cool after last year's blistering pace, but it is still nowhere near breaking. via: https://www.foxbusiness.com/economy/us-jobs-report-may-2024

Today's mortgage rates for 15- and 30-year terms hold steady | June 7, 2024

Posted by radio1n1 — Fri, 7 Jun 2024 08:31 GMT

The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 7, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is also unchanged from yesterday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms and fees to ensure you get the best deal. Rates last updated on June 7, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-june-7-2024

US FDA rescinds market denial order for Juul products

Posted by radio1n1 — Thu, 6 Jun 2024 19:21 GMT

The U.S. Food and Drug Administration (FDA) said on Thursday it was rescinding a June 2022 order that briefly blocked sale of Juul Lab's products, including its e-cigarette device. The latest move comes a few months after Juul sought an FDA authorization for new menthol-flavored pods meant to be used with its e-cigarette device, which was under the agency's review. YOUNG VAPER WHO REQUIRED DOUBLE LUNG TRANSPLANT SHARES WARNINGS AS E-CIGARETTE SALES RISE The FDA in June 2022 banned Juul's four varieties of tobacco and menthol-flavored pods and the e-cigarette device after it concluded that the company failed to show that sale of these products would be appropriate for public health. The ban was stayed a month later after an appeal by the company. The FDA said rescission of orders that prevent marketing of the products is not an authorization or a denial of Juul's marketing application. The revocation only returns company's applications to a pending and under-review status. "We appreciate the FDA's decision and now look forward to re-engaging with the agency on a science and evidence-based process to pursue a marketing authorization for Juul products," Juul said in a statement to Reuters. The marketing denial orders issued by the FDA have faced multiple challenges in different U.S. states by the e-cigarette makers. "Some of these court decisions establish new case law and inform the FDA's approach to product review," the FDA said. The agency began regulating e-cigarette devices and vapes in August 2016. So far, 23 e-cigarette products have been authorized by it for sale in the United States. The FDA said continued review of Juul's application does not alter the fact that all e-cigarette products need its authorization to be legally marketed. via: https://www.foxbusiness.com/markets/us-fda-rescinds-market-denial-order-juul-products

See it: Rivian unveils redesigned all-electric SUV and pickup

Posted by radio1n1 — Thu, 6 Jun 2024 18:11 GMT

Electric vehicle maker Rivian introduced its redesigned, second-generation EV pickup and SUV Thursday. Rivian's new R1S SUV and R1T pickup were fully reengineered with hardware improvements, performance upgrades, a fully redesigned software experience and improved in-house drive systems, the company said. It added that the newly designed vehicles have "entirely new compute and autonomy platforms" and "also offer new motor configurations, design elements and trim and tire choices for customers." "We continue to evolve our flagship R1 vehicles, offering quality and performance without compromise. Our revamped R1S and R1T push the technical boundaries further, creating our most capable products to date," said RJ Scaringe, Rivian CEO and founder. RIVIAN ANNOUNCES TWO NEW EV SUV LINES, INCLUDING ONE SURPRISE Rivian's new R1 platform features an engine designed in-house and has tri-motor and quad-motor configurations. A dual-motor is also available. "New Large and Max battery packs have redesigned modules and more efficient packaging, making them easier to manufacture and service, while offering up to an estimated 420 miles of range," the company wrote. "Customers looking to maximize value can opt for a new lithium iron phosphate-based Standard pack with up to an EPA-estimated 270 miles of range." RIVIAN TO LAY OFF 10% OF SALARIED STAFF Rivian's second-generation R1 vehicles also have a new electrical architecture and compute platform that it says helps maximize efficiency and remove about 1.6 miles of wiring from each vehicle. They feature a new autonomy system that was developed in-house called the Rivian Autonomy Platform. It's powered by 11 cameras, five radars and artificial intelligence (AI) prediction technology. Taken together, the system has 10 times more computing power than Rivian's previous autonomy system. WHAT IS ARTIFICIAL INTELLIGENCE (AI)? AUTO PRICES ARE FALLING, BUT OWNING A CAR IS MORE EXPENSIVE THAN EVER It comes standard with all vehicles and has features like blind spot monitoring with a high-resolution camera and highway assist. A premium version of the system called Rivian Autonomy Platform+ has additional capabilities, including lane change on demand, which is available now, while enhanced highway assist will be available later in 2024, according to the company. Rivian owners can use car keys in Apple Wallet on iPhone and Apple Watch or can use select Google Pixel devices to unlock and start their vehicles. The features also allow keys to be shared digitally. GET FOX BUSINESS ON THE GO BY CLICKING HERE The second-generation R1S will start at $75,900, and the R1T will start at $69,900. The vehicles are produced in Normal, Illinois, and are available for delivery immediately. via: https://www.foxbusiness.com/lifestyle/see-rivian-unveils-redesigned-all-electric-suv-pickup

Today's mortgage rates fall for 30-year terms while 15-year terms hold steady | June 6, 2024

Posted by radio1n1 — Thu, 6 Jun 2024 08:42 GMT

The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 6, which is 0.250 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is unchanged from yesterday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms and fees to ensure you get the best deal. Rates last updated on June 6, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-june-6-2024

Telecom industry groups sue to block Biden's reinstatement of net neutrality rule

Posted by radio1n1 — Thu, 6 Jun 2024 08:41 GMT

Several groups representing the U.S. telecommunications industry have filed legal challenges seeking to block the Biden administration from reinstating net neutrality rules that are set to take effect on July 22. The Federal Communications Commission (FCC) and its 3-2 majority of Democratic commissioners voted along party-lines in April to reassert its oversight over broadband internet through net neutrality rules that had been adopted in 2015 during the Obama administration but were reversed by the Trump administration after it flipped control of the agency. The reinstatement of the rules will restrict internet service providers (ISPs) from blocking, throttling or engaging in paid prioritization of content, which was the framework of the 2015 net neutrality regulation. It would also give the FCC new tools to revoke authorizations of foreign-owned entities operating broadband networks in the U.S. that are deemed to be a threat to national security. Industry groups representing AT&T, Comcast, Verizon and others have filed legal challenges against the FCC's net neutrality order in recent days in seven U.S. circuit courts. By filing challenges in multiple circuit courts, it creates the potential for a "circuit split" if different courts issue contradictory decisions, a dynamic that increases the likelihood of the Supreme Court taking up the issue. FCC REINSTATES NET NEUTRALITY, FCC COMMISSIONER CARR SLAMS MOVE The groups include USTelecom, NCTA, CTIA and ACA Connects, who asked the FCC to halt the order from taking effect so they can seek judicial review or, if needed, a court order temporarily blocking the new rules pending review. They argued that the FCC "has once again claimed all-encompassing authority to regulate how Americans access the internet - this time, adopting even more invasive rules than it did in 2015." FORMER FCC HEAD AJIT PAI BLASTS NET NEUTRALITY VOTE AS 'COMPLETE WASTE OF TIME' FCC Chair Jessica Rosenworcel, a Democratic appointee, said the agency would not pursue rate regulation and will "not undermine incentives to invest in networks." Reinstating net neutrality has been a priority for President Biden since he took office, and he signed an executive order in 2021 that urged the FCC to advance regulations to that end. However, Democrats were stymied for almost three years because they did not take majority control of the five-member FCC until October. Commissioners serve staggered five-year terms, though they may extend their time until the conclusion of the session of Congress that begins after their fixed term expires, which effectively gives them an extra year and a half in office. GET FOX BUSINESS ON THE GO BY CLICKING HERE During the Trump administration, the FCC argued that net neutrality rules were unnecessary, blocked innovation and caused ISPs to slow their investments in broadband networks. The Trump-era FCC's withdrawal of the Obama administration's net neutrality rules prompted a dozen states to impose their own net neutrality laws or regulatory frameworks. Industry groups abandoned legal challenges to those state-level rules in May 2022. Reuters contributed to this report. via: https://www.foxbusiness.com/technology/telecom-industry-groups-sue-block-bidens-reinstatement-net-neutrality-rule

California fast food wage hike has had detrimental impact, puts businesses in 'jeopardy,' critic say

Posted by radio1n1 — Wed, 5 Jun 2024 21:07 GMT

California Gov. Gavin Newsom's successful push to hike the minimum wage for many of the state's fast food workers is having a devastating impact on businesses, who have been forced to cut labor costs to survive, critics say. Prices at major brands like Chipotle, McDonald's and other fast food giants have increased in a move to keep up with the $20 per hour workers have been paid since the new wage went into effect on April 1. The rule impacts restaurants that have at least 60 locations nationwide, except those that make and sell their own bread. The California Business and Industrial Alliance (CABIA) said nearly 10,000 jobs have been cut across fast food restaurants since Newsom signed California Assembly Bill 1287 into law last year. To highlight what it says are the unintended consequences of the law, CABIA has taken out an ad in Thursdsay's statewide edition of USA Today with mock "obituaries" of popular fast food brands. NEARLY 80% OF AMERICANS NOW CONSIDER FAST FOOD A 'LUXURY' DUE TO HIGH PRICES It highlights multiple restaurants that have had to raise prices and lay off workers to stay afloat and, in some cases, shut down stores. The ad features news clips documenting changes made by brands like El Pollo Loco, Subway and Burger King across the state. "California businesses have been under total attack and total assault for years," CABIA president and founder Tom Manzo told FOX Business. "It's just another law that puts businesses in further jeopardy." When he signed the law, Newsom said the state was getting "one step closer to fairer wages, safer and healthier working conditions, and better training by giving hardworking fast food workers a stronger voice and seat at the table." Governments, unlike private businesses, have options when they run out of money, said Manzo, who said officials were living in a "fantasyland" by thinking that drastic wage increases will help workers or businesses. FAST FOOD CHAINS ARE OFFERING LOW-COST DEALS FOR CUSTOMERS; HERE ARE 5 "You can only raise prices so much," he said. "And you're seeing it. People are not going to pay $20 for a Big Mac. It's not going to happen." He noted that to comply with the law, some restaurants have cut employee hours and will most likely move toward automation in the future. In the weeks before the wage hike went into effect, some California fast food owners began letting go of workers in anticipation of the increased labor costs. In December 2023, the Southern California Pizza Co., which owns multiple Pizza Huts stores, announced layoffs of around 841 delivery drivers across the state. Meanwhile, the increase in pay comes as inflation has resulted in higher prices for fast food items. A recent survey conducted by LendingTree found 78% of consumers now consider fast food to be a "luxury" purchase due to how expensive the meals have become. FOX Business has reached out to Newsom's office. GET FOX BUSINESS ON THE GO BY CLICKING HERE Part of the push for the hike was to give fast food workers more financial freedom in a state known for its high cost of living. However, critics contend fast food jobs were meant for young people as a stepping stone. "It's a starter industry," Manzo said. "You get a job as a kid working in a fast food restaurant and you learn some good work ethic and that takes you into life." via: https://www.foxbusiness.com/economy/california-fast-food-wage-hike-detrimental-impact-businesses-jeopardy-critic-says

Popular organic kids' snacks found to contain high levels of lead: Consumer Reports

Posted by radio1n1 — Wed, 5 Jun 2024 21:04 GMT

A study conducted by Consumer Reports discovered that two popular brands of kids' snacks contain elevated levels of lead, though federal standards have not been set on heavy metal levels in many baby foods. The Food and Drug Administration (FDA) only has set limits on heavy metal in infant rice cereal and juice, though it is working to put standards in place for other categories of baby foods. The owner of Lead Safe Mama, Tamara Rubin, published a story on her website about LesserEvil and Serenity Kids products containing lead. Rubin's company focuses on preventing lead poisoning while also raising awareness for parents about sources of lead exposure. For example, she sounded the alarm on Stanley tumblers, which were found to contain lead. More recently, Rubin found that cassava-based snacks like Serenity Kids puffs contained high levels of lead, leading Consumer Reports to test four cassava products from LesserEvil and Serenity Kids as well as two products from Once Upon a Farm that contained sorghum. CUCUMBERS RECALLED IN 14 STATES OVER POTENTIAL SALMONELLA CONTAMINATION The study found that LesserEvil's Lil' Puffs Intergalactic Voyager Veggie Blend puffs contained "more lead per serving than any of the 80 baby foods" Consumer Reports has tested since 2017. Specifically, the test found the lead content was 112% of the maximum allowable dose levels (MADLs) established by California Proposition 65. James E. Rogers, Ph.D., head of food safety testing at Consumer Reports, said kids should consume less than half of a serving of the Intergalactic Voyager Veggie Blend puffs per day. Consumer Reports also found LesserEvil's Lil' Puffs Sweet Potato Apple Asteroid and Serenity Kids' Tomato & Herb, Bone Broth puffs also contained high levels of lead. HY-VEE RECALLING MULTIPLE ITEMS, CITING SALMONELLA CONTAMINATION RISK LesserEvil's Asteroid puffs contained lead levels at 60% of the MADLs, while Serenity Kids Tomato & Herbs contained lead levels at 53%. Based on these levels, Rogers recommended children be given 1 servings of puffs, at the most, per day. Rogers warned that the serving sizes of the puffs are smaller than people may realize. According to Consumer Reports, a single serving of Intergalactic Voyager Veggie Blend is 17 puffs, while the Serenity Kids puffs are sold in a 1 ounce container with six servings. The Once Upon a Farm products tested had "very low" levels of lead, Consumer Reports said, accounting for some of the lowest levels of all the baby food they have ever tested. ALDI RECALLS CREAM CHEESE OVER SALMONELLA CONCERNS "Clearly, some manufacturers need to do a better job of keeping heavy metals out of their snack foods, and there may be some particular concerns about foods made with cassava," Rogers said. Rogers acknowledged that the FDA recently proposed limits on lead and other heavy metals in some categories of baby food. But he also noted that snack foods were not one of the categories being looked at for lead regulations. "The agency needs to take a hard look at the snacks parents feed their children and make sure they don't have dangerous levels of lead and other contaminants," he said. LesserEvil did not respond to FOX Business' request for comment on the lead levels. Jennie Shen, director of brand marketing for Serenity Kids, told FOX Business their puffs have always been safe for consumption. ORANGE JUICE MAKERS CONSIDER USING ALTERNATIVE FRUIT AS PRICES SKYROCKET "All of our products test well below the maximum allowable dose levels established by California Proposition 65," Shen said. "We have always addressed lead and all heavy metals head-on because we are confident in the safety of our products and ingredients, and because we believe that our products are healthier than the alternatives that exist today." Like Consumer Reports, Shen said the FDA does not have standards and benchmarks regulating heavy metals in all baby food segments. Instead, the agency only provides drafted guidance on the matter. Without those standards, she said Serenity Kids sought out its own standards and holds all products to the California Prop 65 exposure thresholds for heavy metals, which are some of the lowest published levels in the U.S. "Our puffs are completely safe to consume and are compliant with applicable regulations like Prop 65 for heavy metals in the United States based on the recommended serving size," Shen said. She also explained that heavy metals like lead are prevalent in the food system. The Serenity Kids puffs contain cassava, which Consumer Reports said has been shown through tests to contain high levels of lead. Similarly, other root vegetables like sweet potatoes, carrots and beets also contain elevated levels of lead. Angelia Seyfferth, Ph.D., in the department of plant and soil sciences at the University of Delaware, told Consumer Reports that lead can occur naturally in soil or end up there from pollution. The lead can accumulate in a plant's roots but not move very well beyond the root, she said. Cassava can also be processed into flour and baked into snack foods, making the lead levels more concentrated. GET FOX BUSINESS ON THE GO BY CLICKING HERE Shen explained that the Serenity Kids products contain whole food ingredients, so they have a state-of-the-art quality program and testing protocols. For example, they test all of their products and work with suppliers who use remediation methods to find foods with the lowest achievable levels of contaminants, then prioritize them for babies, she said. "We also carefully vet all of our suppliers to ensure we are using the cleanest possible ingredients so that we can feel good about the safety of our foods," Shen said. "We have always addressed lead and all heavy metals head-on because we are confident in the safety of our products and ingredients, and because we believe that our products are healthier than the alternatives that exist today." via: https://www.foxbusiness.com/markets/popular-organic-kids-snacks-found-contain-high-levels-lead-consumer-reports

California restaurant owner "very angry" over debunked Fauci COVID guidelines: 'It destroyed our ind

Posted by radio1n1 — Wed, 5 Jun 2024 09:00 GMT

A restaurant owner who went viral during the pandemic after her eatery was forced to close while a movie set operated next door is slamming Dr. Anthony Fauci over debunked COVID rules that "destroyed" the industry. Angela Marsden, owner of the Pineapple Hill Saloon and Grill, said she's "very angry" after learning from Dr. Fauci's recent testimony that social distancing rules were not backed by science during her appearance on "Varney & Co." Tuesday. "It's very traumatizing," Marsden said. The restaurateur argued that people are "still going out of business" due to the rules that were set in place during the pandemic. "It closed 30 percent of the restaurants in California. And the way he said it, it's just, I don't understand. Isn't there any liability, any responsibility that anybody is going to take for this? It destroyed our industry. It's very confusing," she stressed. CELEBRITY CHEF SAYS RESTAURANT-GOERS ARE STILL SEEING HIGH MENU PRICES BECAUSE OF THIS 'NO. 1 PROBLEM' During a hearing Monday, former Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci was grilled by lawmakers on the U.S. Centers for Disease Control and Prevention's six-feet distancing rule, the masking of schoolchildren and other pandemic-era restrictions. Marsden told host Stuart Varney that although she was "fortunate" to remain open, she still carries debt. "I carry debt, I have a huge loan payment that I have to pay, even though I was lucky enough and had donations that saved my bar," Marsden expressed. "So, can you imagine what other restaurant owners are going through? I mean, and 30 percent of us in California were wiped out," she said. Marsden said that fellow bar and restaurant owners who she was well acquainted with "killed themselves" during the pandemic because they were "losing their home and everything." However, COVID guidelines haven't been the only setback for California restaurant owners; the state's $20 minimum wage law is also contributing to the downfall of businesses. RESTAURANT OWNER FEARS CALIFORNIA MINIMUM WAGE LAW IS 'A SILENT TAX' ON CONSUMERS, 'COLLAPSING' BUSINESSES "Listen, I don't understand what's going on, but they were raising minimum wage during COVID. They didn't even stop raising minimum wage during COVID when we were barely... open," Marsden explained. She went on to add that restaurant owners are getting pummeled by high liability insurance in addition to the $20 minimum wage. "Most people are still paying back rent from debt. Fifty-one percent of the restaurants in L.A. that were supposed to get the restaurant revitalization grant never received the money. Some of those people mortgaged their house, being told they were going to get it, and Congress never fulfilled that completely," she revealed. Marsden argued that it was the "largest transfer of wealth from Main Street to basically, you know, the big guys." "People are still suffering," she stressed. READ MORE FROM FOX BUSINESS Fox News' Danielle Wallace contributed to this report via: https://www.foxbusiness.com/media/california-restaurant-owner-very-angry-debunked-fauci-covid-guidelines-destroyed-our-industry

Today's mortgage rates fall for 15-year terms while 30-year terms hold steady | June 5, 2024

Posted by radio1n1 — Wed, 5 Jun 2024 08:26 GMT

The interest rate on a 30-year fixed-rate mortgage is 6.875% as of June 5, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.135 percentage points lower than yesterday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms and fees to ensure you get the best deal. Rates last updated on June 5, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-june-5-2024

FanDuel nearing naming rights deal to replace Bally Sports: report

Posted by radio1n1 — Tue, 4 Jun 2024 19:28 GMT

FanDuel may be on a lot more televisions relatively soon. The sports gambling giant is reportedly nearing a deal to replace Bally as Diamond Sports' naming brand for its regional sports networks. Diamond declared bankruptcy last year with its parent, Sinclair, losing money since its $9.6 billion purchase from Disney in 2019. Diamond's networks broadcast 38 teams in MLB, the NBA and NHL. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM According to Sportico, Diamond reportedly said in Tuesday's Chapter 11 hearing it had found a new partner. Bloomberg first reported FanDuel is the partner. Diamond faced high fixed costs under its broadcast contracts that have become uneconomical for the company as viewers cancel cable subscriptions amid a shift to streaming. PADRES' TUCUPITA MARCANO HIT WITH LIFETIME BAN FOR BETTING ON MLB GAMES FanDuel started out as a daily fantasy sports service but expanded to online gambling in recent years. FanDuel TV has since begun, and the online casino also owns a cable channel for horse racing. The terms are still reportedly being finalized, but the multiyear deal is expected to involve FanDuel-related programming. Bloomberg says FanDuel would sell Diamond's streaming service to fans and take an equity stake in the company. The current deal between Diamond and Bally ends at the end of this MLB season. The NFL still has its games broadcast nationally by FOX, CBS, NBC and ESPN, while streaming service Amazon Prime Video joined in 2022 and Netflix will broadcast games this year. The report comes after Shohei Ohtani was cleared of wrongdoing in his ex-interpreter's gambling scandal and as MLB issued a lifetime ban on Tucupita Marcano for gambling on baseball. The league also issued four year-long bans to other players. Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter. via: https://www.foxbusiness.com/sports/fanduel-nearing-naming-rights-deal-replace-bally-sports-report

Biden admin official says higher tariffs on Chinese EVs are crucial for US automakers

Posted by radio1n1 — Tue, 4 Jun 2024 19:08 GMT

Secretary of Energy Jennifer Granholm on Tuesday said that the Biden administration's plan to quadruple tariffs on imported Chinese electric vehicles to over 100% in August is crucial to the health of the U.S. auto sector. "We need to have that industry here," Granholm said in an interview with Reuters on Tuesday. "If we didn't do that, we would just be ceding the entire territory to China like we saw happen with solar panels." She added that China's "plan is very aggressive on industrial policy and we had done nothing and now we are doing something about it." The U.S. government is investing hundreds of billions of dollars in clean energy tax subsidies to spur the market for EVs, solar energy and other new technologies - while slamming the Chinese government's policies for fueling excess production in those industrial sectors that threaten the viability of U.S. companies. AMERICANS STILL NOT SOLD ON EVS DESPITE BIDEN PUSH, POLLS SHOW The Biden administration previously announced that the higher tariffs on Chinese EVs are set to take effect on Aug. 1. It views the tariffs, which are taxes on imports, as a means of protecting U.S. jobs in the auto industry from a flood of cheap Chinese imports. "We want to have a manufacturing backbone. We have to be tough about it," Granholm said. She went on to say that U.S. automakers "are doing everything they can to continue to reduce prices," and rejected the suggestion that keeping lower-priced Chinese EVs out of the U.S. market would serve as a deterrent for American auto manufacturers cutting prices. BIDEN HIKES TARIFFS ON CERTAIN IMPORTS FROM CHINA BY $18B Granholm said that despite Republican opposition to the Biden administration's subsidies for U.S.-made EVs, it would be "political malpractice" for Congress to reverse those EV credits in the future because they benefit workers building vehicles in Republican-voting states. "I think it would be hard for a member of Congress to undo these tax credits that are creating jobs in your district," she said. "I think the business community would be very strongly opposed to that... Any president would be in favor of fighting back against the industrial policies of China - and this is what our fighting back is, what our counterpunch is." BUTTIGIEG DEFENDS BIDEN'S EV STRATEGY AFTER QUESTION ON HOW ONLY 8 FEDERAL CHARGING STATIONS HAVE BEEN BUILT Granholm also said that she expects about 1,000 public EV charging stations to be operational at the end of the year through a $7.5 billion federal government program that has so far resulted in few charging stations becoming functional. "These are the hardest ones to do," Granholm said, saying that some do not have electricity. Autoweek recently reported that despite the federal funding, only eight charging stations have been built and become operational since Biden signed a bipartisan infrastructure bill into law in 2021 that included the funding. A later bill known as the Inflation Reduction Act signed into law in 2022 expanded tax credits for EVs and charging stations. GET FOX BUSINESS ON THE GO BY CLICKING HERE Transportation Secretary Pete Buttigieg said in an appearance on CBS' "Face the Nation" last week that "the very first handful of chargers are now already being physically built." He explained that "it's more than just plugging a small device into the ground" because there's utility work that needs to be done and that Buttigieg also reiterated that the Biden administration's goal is to have 500,000 chargers installed by 2030. FOX Business' Stephen Sorace and Reuters contributed to this report. via: https://www.foxbusiness.com/politics/biden-admin-official-says-higher-tariffs-chinese-evs-crucial-us-automakers

Job openings unexpectedly fall in April to lowest level in 3 years

Posted by radio1n1 — Tue, 4 Jun 2024 09:49 GMT

U.S. job openings sank in April to the lowest level in more than three years, the latest sign that the labor market is cooling off as the economy slows. The Labor Department said Tuesday there were 8.1 million job openings in April, a decrease from the downwardly revised 8.35 million openings reported the previous month. Economists surveyed by LSEG expected a reading of 8.3 million. It marked the lowest level for job openings since February 2021. THE NUMBER OF HIGH-PAYING JOBS IS DWINDLING The labor market has remained historically tight over the past year, defying economists' expectations for a slowdown. Economists anticipate the labor market will continue to cool in coming months as higher interest rates work their way through the economy. The Federal Reserve raised interest rates 11 times beginning in March 2022 in an effort to rein in inflation and cool the labor market. Policymakers have suggested that fast wage growth - the product of a strong labor market - was a contributing factor to the inflation crisis that ravaged millions of Americans' pocketbooks over the past few years. AMERICANS IN THESE STATES ARE GETTING A PAY RAISE THIS YEAR Tuesday's report is the latest sign that the labor market is beginning to weaken in the face of higher interest rates and stubborn inflation. "The April JOLTS numbers are another in a streak of recent releases demonstrating cooling economic momentum," said Oren Klachkin, Nationwide financial market economist. "The job market may be moderating, but there is an important distinction between growing at a cooler pace and contraction; we don't see evidence of the latter." Still, job openings remain historically high. Before the COVID-19 pandemic began in early 2020, the highest on record was 7.6 million. There are roughly 1.2 jobs per unemployed American - the lowest ratio since June 2021. In addition to a decline in job openings, the report also showed that the number of Americans quitting their jobs ticked slightly higher to 3.5 million, or roughly 2.2% of the workforce. That suggests workers remain confident they can leave their jobs and find employment elsewhere. GET FOX BUSINESS ON THE GO BY CLICKING HERE Layoffs, meanwhile, dropped to 1.52 million, the lowest level since December 2022. via: https://www.foxbusiness.com/economy/job-openings-unexpectedly-fall-april-lowest-level-3-years

Dozens of passengers on United Airlines flight mysteriously fall ill en route to Texas

Posted by radio1n1 — Mon, 3 Jun 2024 20:07 GMT

A United Airlines flight from Canada to the U.S. was investigated on Friday after dozens of passengers fell ill for an unspecified reason. United Flight 1528 from Vancouver to Houston, Texas, landed at George Bush Intercontinental Airport on May 31. United Airlines told Fox Business that the flight was carrying 163 passengers and 6 crew members. The Houston Fire Department reported that around 25 of the flight's passengers reported feeling sick, according to USA Today. Authorities evaluated some of the passengers with the most severe symptoms at the airport, but none were taken to the hospital. The Centers for Disease Control and Prevention (CDC) told Fox Business that most of the sick passengers had "GI symptoms." FOX NEWS POLL: HIGHER PRICES AFFECTING SUMMER TRAVEL PLANS While the exact illness has not been reported, United Airlines explained to Fox News Digital that 75 of the flight's passengers were returning from a cruise. "Several passengers who had been on the same cruise and did not feel well were on United Flight 1528 from Vancouver to Houston," a United Airlines spokesperson explained. "United Airlines is actively coordinating with health authorities to address the situation." FAA ANNOUNCES RECORD UNRULY PASSENGER FINES The aircraft then went through a deep cleaning after the passengers deplaned. "As a precautionary measure, the aircraft will be removed from service and go through a deep cleaning before returning to service," United Airlines' statement added. "Ensuring the health and safety of our passengers and crew remains our top priority." CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER The CDC told Fox Business that its officials responded to the incident after the plane landed. "Public health officers from CDC's Houston Port Health Station worked with EMS to evaluate ill passengers on board," a CDC spokesperson said. "Most of the ill passengers reported mild GI symptoms." "No passengers were noted to have a fever during the flight or upon public health assessment at landing," the statement added. "No passengers met CDC criteria for further public health follow-up. Passengers from the flight continued with their travel plans." GET FOX BUSINESS ON THE GO BY CLICKING HERE Fox News Digital reached out to the Houston Fire Department for more information. For more Lifestyle articles, visit foxbusiness.com/lifestyle. via: https://www.foxbusiness.com/lifestyle/dozens-passengers-united-airlines-flight-mysteriously-fall-ill-en-route-texas

Ford recalls 109K Lincoln Aviators due to rearview camera glitch

Posted by radio1n1 — Mon, 3 Jun 2024 19:04 GMT

Ford Motor Company is recalling more than 109,000 Lincoln Aviators because cellphone usage while the vehicle is in reverse causes the rearview camera to flicker and become distorted. The National Highway Traffic Safety Administration (NHTSA) released a safety recall report saying 109,283 2020-24 Lincoln Aviators are affected by the recall. Ford's Critical Concern Review Group (CCRG) opened an investigation on Feb. 6, 2024, after drivers reported intermittent flickering and poor quality of the rearview video display in Aviators. Tests revealed that electromagnetic interference from cell phones in use and placed in the console area while the vehicle was in reverse could result in the rearview camera image flickering, jumping, shaking or scrolling. OVER 6M VEHICLES ON ROAD WITH TAKATA AIRBAGS, 10 YEARS AFTER RECALL While this may seem more like an annoyance to some, the NHTSA said the flickering rearview image, while a vehicle is in reverse, can reduce visibility behind the vehicle and increase the risk of a crash. From Aug. 27, 2019 to May 4, 2024, Ford received 478 reports of rearview video "flicker" or distortion in North America, which the company said could be connected to the issue. TOYOTA ISSUES 'DO NOT DRIVE' ADVISORY TO 50,000 CAR OWNERS OVER POTENTIALLY DEADLY AIR BAG ISSUE Ford also said it was unaware of reports of injuries or fires attributed to the issue, though there was at least one report of minor property damage. Fox News Digital reached out to Ford Motor Company for comment but did not immediately hear back. Ford suggested owners of 2020-24 Lincoln Aviators not use their cellphones while driving in reverse, to prevent the screen from flickering or becoming distorted. GET FOX BUSINESS ON THE GO BY CLICKING HERE Dealers will begin receiving notifications about the recall on July 2 and owner notification letters will begin going out on July 8. Ford said it expects all notifications to be sent by July 12. via: https://www.foxbusiness.com/markets/ford-recalls-lincoln-aviators-due-rearview-camera-glitch

GameStop shares surge after 'Roaring Kitty' post

Posted by radio1n1 — Mon, 3 Jun 2024 09:49 GMT

GameStop shares jumped more than 30% on Monday after a new Reddit post from retail investor Keith Gill. The screenshot posted on Sunday by Gill, who goes by DeepF-------Value on the platform and "Roaring Kitty" on others, showed a GameStop holding of 5 million, or 1.8% of its publicly available stock. It also showed $65.7 million worth of GameStop call options, which are typically bought to express a bullish view. It expires on June 21 at a strike price of $20. The value appears to be worth about $116 million. GAMESTOP FRENZY: WHO IS ROARING KITTY? GameStop shares closed at $23.13 on Friday. And on X he posted a reverse green card from the game Uno. While he didn't specify the meaning, in the meme stock world it can reportedly signal a comeback. In May, Gill returned to social media after a three-year hiatus with a post depicting what appeared to be a gamer sitting on a chair. GAMESTOP'S STOCK SURGE CONTINUES, PUNISHING SHORT SELLERS The post sparked a buying frenzy in the stock favored by Reddit users and other retail investors despite no concrete news, causing shares to surge more than 134% in two days. It brought back memories of the 2021 surge, when the stock rose 103.94% at one point, causing significant financial consequences for short sellers. The surge following Gill's post in early May underscored the company's loyal following, GameStop co-founder Gary Kusin told FOX Business. "The relationship between the company and its fans becomes much stickier as these fans will advocate for the company in the face of any adversity," Kusin said. He said last month that Wall Street is "making a perfectly rational argument that the GameStop stock price is over-valued." GET FOX BUSINESS ON THE GO BY CLICKING HERE It is "extraordinarily hard to argue that analysis isn't true," Kusin said. However, GameStop fans are "clearly saying that they will not be intimidated by the facts," he added. Reuters contributed to this report. via: https://www.foxbusiness.com/markets/gamestop-shares-surge-after-roaring-kitty-post

Cucumbers recalled in 14 states over potential salmonella contamination

Posted by radio1n1 — Mon, 3 Jun 2024 09:39 GMT

Whole cucumbers that have been shipped to more than a dozen states are being recalled after a sample tested positive for salmonella. Fresh Start Produce Sales recalled the vegetables, shipped from May 17 through May 21, over concerns that they may be contaminated with the organism, which can cause serious infections in children, frail or elderly people as well as those with weakened immune systems, according to a recall notice posted by the Food and Drug Administration (FDA). In some cases, these infections can become fatal. HY-VEE RECALLING MULTIPLE ITEMS, CITING SALMONELLA CONTAMINATION RISK The recalled cucumbers were shipped in bulk cartons directly to retail distribution centers, wholesalers and food service distributors in Alabama, Florida, Georgia, Illinois, Maryland, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia, according to the recall. The recall was issued after the Pennsylvania Department of Agriculture discovered that a sample tested positive for the bacteria and informed the company. In the meantime, the FDA is conducting whole genome sequencing to determine if this sample is related to an ongoing salmonella outbreak investigation. ALDI RECALLS CREAM CHEESE OVER SALMONELLA CONCERNS "Although these cucumbers are unlikely in the marketplace, anyone with the recalled product should not consume it and should destroy and discard it or return it to the place of purchase for a refund," the company said. Fresh Start Produce Sales notified customers who received the recalled product directly from the company and asked that they remove it from commerce. It also asked its direct customers to notify their customers. The additional press release with the FDA is "to ensure that consumers are properly alerted," Fresh Start Produce Sales said. GET FOX BUSINESS ON THE GO BY CLICKING HERE The company is also encouraging customers to check with their retailer or place of purchase to determine whether the recalled cucumbers were sold where they shop. Salmonella illness usually occurs within 12 to 72 hours of eating contaminated food and typically lasts four to seven days, according to the FDA. Symptoms include diarrhea, fever and abdominal cramps. In rare circumstances, infections can cause the organism to get into the bloodstream, which would result in more severe illnesses such as arterial infections, endocarditis and arthritis, health officials said. via: https://www.foxbusiness.com/lifestyle/cucumbers-recalled-14-states-over-potential-salmonella-contamination

Clever carpenter reportedly uses Apple AirTag to help police crack massive theft case

Posted by radio1n1 — Sun, 2 Jun 2024 21:09 GMT

Maryland police recently recovered around 15,000 stolen construction tools in a massive theft case, thanks to a quick-thinking carpenter looking for justice. The Howard County Police Department announced the bust on May 23, calling the case "one of the largest and most expansive theft cases in the region in recent years." Authorities said the cache of 15,000 tools, which were recently found in a storage facility, was worth between $3 and $5 million. According to the Washington Post, a carpenter in Virginia was integral to helping police crack the case. The carpenter, whose name has not been released, was determined to catch the suspects involved after having his vans broken into twice. He hid multiple AirTags in some of his larger tools to track the thieves if they returned, and on Jan. 22 they did. AIRTAG STALKING: NEW APPLE DEVICE INVOLVED IN SUSPICIOUS TRACKING INCIDENTS ACROSS COUNTRY The business owner, who employs around 14 workers, according to the Post, tracked the suspects to a storage facility and alerted authorities. The carpenter lost around 50 tools in the thefts and has only recovered a few. "They don't know what they do to me," the carpenter said. "They steal our job." Police confirmed that a tracking device was used in the investigation in a press release. "During the investigation, which began in late January when a tracking device in a stolen tool led officers to a storage unit in Elkridge, detectives have conducted search warrants at 12 locations - 11 of which are in Howard County - from where they recovered the tools," the statement reads. "Detectives believe the tools were stolen from retail stores, businesses, vehicles, residential properties, and construction sites primarily in Maryland, Virginia, and Pennsylvania," police added. "The stolen tools were mostly kept in storage units in Howard County and detectives believe they were sold at a variety of locations and through different means." AUSTRALIAN TRAVELERS WARN ABOUT APPLE AIRTAG TRACKER PLACED IN LUGGAGE IN BALI: REPORT So far, no suspects have been charged. Police said the theft case has around 80 victims, and authorities urge them to contact police to retrieve their stolen items. Howard County Police Chief Gregory Der thanked his officers for working on the case. "This case sends a clear message: We will not tolerate criminal enterprises operating here in Howard County," Der said. "I want to thank the detectives from our special investigations division and all the officers who have helped on this enormous and unprecedented case. They have put in thousands of hours and have many more ahead of them. They will see it through to the end." Howard County Executive Calvin Ball also commended authorities for their involvement in the case. "Howard County is a community where all residents should be safe and feel safe, and we just took another giant leap towards achieving that goal," Ball said. "This case shows the tenacity of our police department in their investigations and in their pursuit of justice." GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business reached out to the Howard County Police Department for additional details. via: https://www.foxbusiness.com/lifestyle/clever-carpenter-reportedly-uses-apple-airtag-help-police-crack-massive-theft-case

Drug dealing claims at NYC Burger King spark multi-million dollar legal feud

Posted by radio1n1 — Sun, 2 Jun 2024 19:20 GMT

A back-and-forth multi-million dollar legal battle is raging over who is to blame for an area in New York City's Financial District turning into a hotbed for drug dealing and miscreants plaguing local residents. A local resident has sued the franchisee of a local Burger King, claiming he has let his 106 Fulton St. eatery devolve into an "open-air drug bazaar" where crews of drug dealers use the location "as a base of operation" to sell illegal drugs in and around the restaurant, according to a $15 million lawsuit filed in the Manhattan Supreme Court. The resident, Kevin Kaufman, claims that franchisee owner Lalmir Sultanzada allows the illicit peddling to take place and hasn't hired security to deter the unlawful activity, thus attracting emotionally disturbed people to the neighborhood who terrorize locals and destroy their quality of life. BURGER KING TO RELEASE $5 VALUE MEAL TO COMPETE WITH MCDONALD'S "These professional drug dealers, who have long criminal records and are well known among local law enforcement, operate in broad daylight from hours before the Burger King opens until hours after the Burger King closes, so openly that it is impossible for [Burger King and the franchisee owner] to be unaware of this neighborhood nightmare," the March 5 suit states. "Fulton Street is now a neighborhood in crisis," the suit reads, with Kaufman claiming he has suffered "extreme emotional distress as a direct result of defendants' dangerous, illegal, unethical, and outrageous activity." The suit argues that condos on Fulton Street have plummeted as a direct result of Sultanzada's "outrageous and unethical tolerance of drug activity." NEARLY 80% OF AMERICANS NOW CONSIDER FAST FOOD A 'LUXURY' DUE TO HIGH PRICES Kaufman, who is the vice-chairman of the Fulton Street Coalition, a non-profit that "addresses the neighborhood's safety, welfare, and quality of life," claims that neighbors are afraid to go out at night because Sultanzada has turned a blind eye to the problem and refuses to hire private security. News of the lawsuit even attracted the attention of New York City Mayor Eric Adams, who visited the eatery after the New York Post broke the story in March. Adams' office tells Fox News Digital that the mayor met with homeless people -- and not drug dealers -- inside the Burger King where he "connected them to services." Adams' office is about six blocks away from the fast food joint. But Sultanzada fired back at Kaufman in a $30 million countersuit last month, blaming Kaufman for the state of the neighborhood given he belongs to a non-profit whose very mission is to uphold safety and quality of life in the area. The countersuit argues that Burger King's responsibilities "are limited to providing restaurant services to patrons and [it has] no obligation whatsoever to provide law enforcement services and/or ensure the safety, welfare and quality of life of the neighborhood." The suit also claims Kaufman is after a quick payday and that his reference to the eatery as an "open air drug bazaar" that is "terrorizing his neighborhood," is racially charged given Sultanzada is an Afghan immigrant. GET FOX BUSINESS ON THE GO BY CLICKING HERE The countersuit also highlights an interview Kaufman did with the New York Post where he blames rampant drug dealing on the criminal laws and policies of New York City. "Defendants have absolutely no authority or control over such criminal laws and policies and the only possible action Burger King can take is to call the police, which it has done on many occasions," the countersuit reads. Fox Business requested comment from Burger King but did not receive a response prior to publication. via: https://www.foxbusiness.com/fox-news-food-drink/drug-dealing-claims-nyc-burger-king-spark-multi-million-dollar-legal-feud

Airplane anxiety: If you hate turbulence, here are the best places sit

Posted by radio1n1 — Sun, 2 Jun 2024 08:00 GMT

Anxious airline passengers, especially those who are worried about turbulence, should aim to sit closer to the front of the plane. That, according to several reports and airplane pilots, is the best place to sit if turbulence triggers anxiety. Tens of millions of people took off for a trip during Memorial Day weekend, the unofficial start to the summer travel season. The surge in travelers last weekend foreshadowed how busy this summer will be at airports nationwide. SINGAPORE AIRLINES PASSENGER DEAD AFTER BOEING JET HITS 'SEVERE TURBULENCE' Earlier this month, the Transportation Security Administration (TSA) announced it is prepared for a record number of passengers at airport security checkpoints nationwide. The TSA said it will expect to screen more than 3 million passengers nationwide in a single day at some point this summer for the first time ever. While flying is safe, the recent incident involving a Singapore Airlines flight that had to make an emergency landing in Bangkok following "severe turbulence" has sparked heightened awareness on the dangers of turbulence. THESE ARE THE FLIGHT ROUTES WITH THE MOST TURBULENCE Weather.gov describes turbulence as "one of the most unpredictable of all the weather phenomena that are of significance to pilots." To date, more than 25 million adults in the U.S. have a fear of flying, otherwise known as aerophobia, according to the Cleveland Clinic. It can range from mild, where people may become anxious, to severe. In severe cases, people may refuse to fly for years, according to the Cleveland Clinic. Certain experiences could trigger this fear, including, though not limited to, news stories about terrorism, crashes or violence on airplanes as well as turbulence. To help nervous fliers, an airline pilot, Jimmy Nicholson, posted a video on TikTok explaining that passengers sitting in the front of the plane will experience less turbulence given that the rear of the aircraft will swing more. It's not something American Airlines pilot Capt. Dennis Tajer has heard people talk about a lot, though he agreed that "often the ride in the back of the airplane feels less stable but depending on the movement of the air, the ride may feel different." Sitting near the wings can also help. GET FOX BUSINESS ON THE GO BY CLICKING HERE "The wings are more closely located to the center of gravity of the airplane, therefore, the ride while sitting near the wings may feel less turbulent than near the tail of the aircraft where vertical input is felt the most," Tajer added. Still, David Slotnick, The Points Guy senior aviation business reporter, noted how the "difference is mostly for more mild turbulence, and can be helpful if you get anxious or motion sickness." Regardless of where you sit, "having your seat belt on will be the difference between safety or injury. It's just that simple," Tajer said. via: https://www.foxbusiness.com/lifestyle/airplane-anxiety-you-hate-turbulence-here-best-places-sit

Jeep unveils first EV: See inside and how much it costs

Posted by radio1n1 — Sun, 2 Jun 2024 08:00 GMT

Jeep unveiled its first electric SUV this week, joining the hotly contested segment, along with other manufacturers such as Hyundai, GM, Kia, and Honda. The new Wagoneer S, which will go on sale this fall, shares little with its gas-powered namesake, the Wagoneer. The EV utilizes the same architecture as the upcoming Dodge Charger EV. The starting price tag will come in at $72,000. PORSCHE UNVEILS NEW 911 HYBRID Jeep Wagoneer S Launch Edition will feature a 600hp engine that can do 0-60 in 3.2 seconds. Jeep says the 100.5 kWh battery will give the SUV a range of 300 miles. The EV market has faced some turmoil recently. Still elevated prices and higher interest rates have put the cost of higher end EVs out of reach for many Americans. 60TH ANNIVERSARY: SEE THE FORD MUSTANG THROUGH THE YEARS Hybrids accounted for 9.3% of new light vehicle registrations in the U.S. from January to November 2023, outstripping those of EVs by 1.8 percentage points, according to S&P Global Mobility data. Moody said recently, that buyers like hybrids because they are relatively affordable and get great gas mileage. At the same time, hybrids work with existing infrastructure and require less time for refueling than an EV. GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business' Breck Dumas contributed to this report. via: https://www.foxbusiness.com/lifestyle/jeep-unveils-first-ev-see-inside-how-much-costs

Trendy Poppi prebiotic soda not as 'gut healthy' as it claims, lawsuit alleges

Posted by radio1n1 — Sat, 1 Jun 2024 17:31 GMT

A lawsuit filed against the wildly popular "Shark Tank" phenomenon, Poppi prebiotic soda, alleges that the drink was not as "gut healthy" as it's advertised to be. Plaintiff Kristin Cobbs of San Francisco filed the class action lawsuit Wednesday on behalf of herself and "similarly situated" consumers of Poppi against the parent company, VNGR Beverage LLC, which is based in Austin, Texas. Poppi has quickly climbed the ranks in the beverage world - capitalizing on relevant marketing and scoring shelf-space at popular retailers like Whole Foods, Target and Costco. Poppi's "gut healthy" promises are false since the soda "only contains two grams of prebiotic fiber, an amount too low to cause meaningful gut health benefits," the plaintiffs claimed. "Accordingly, a consumer would need to drink more than four Poppi sodas in a day to realize any potential health benefits from its prebiotic fiber," the lawsuit claimed. "However, even if a consumer were to do this, Poppi's high sugar content would offset most, if not all, of these purported gut health," they added. Cobbs said that she "reasonably relied" on Poppi's promise of gut healthy soda and decided to pay the "substantial price premium." "Ms. Cobbs, however, did not receive the benefit of her bargains because the Products did not, in fact, contain enough 'prebiotics' to achieve any meaningful 'gut health,'" the lawsuit said. NORFOLK SOUTHERN TO PAY $600 MILLION SETTLEMENT FOR EAST PALESTINE TRAIN DERAILMENT The lawsuit also cited studies that showed consuming too much agave inulin - the type of prebiotic found in Poppi - can actually have adverse health effects. "Likewise, Ms. Cobbs was unaware that excessive consumption of the Products could negatively impact her health," it added. The lawsuit "demands" a trial by jury, claiming that Poppi falsely advertised the health benefits of their products. CLICK HERE TO READ MORE ON FOX BUSINESS Fox News Digital has reached out to Poppi for comment. via: https://www.foxbusiness.com/lifestyle/trendy-poppi-prebiotic-soda-not-gut-healthy-claims-lawsuit-alleges

Pennsylvania man buying supplies for a party wins big in Maryland lottery

Posted by radio1n1 — Sat, 1 Jun 2024 16:37 GMT

A man from Pennsylvania turned a pit stop in Maryland into quite the payoff when he won more than $160,000 in the lottery. "I had Memorial Day on my mind as I was driving through Laurel," the man, a financial planner from Philadelphia, told the Maryland Lottery in a May 31 news article posted on their website. Laurel is located between Washington, D.C., and Baltimore. MEGA MILLIONS JACKPOT RISES TO $560 MILLION AFTER NO GRAND PRIZE WINNER On that day, May 23, the man remembered that he had been invited to a friend's party that weekend, and thought it would be polite to bring beverages. "At that moment, I saw the liquor store," he told the Maryland Lottery. The man said he often visits Maryland, and when he's there, he frequently buys lottery tickets. After stopping at the liquor store in Laurel, he bought a "FAST PLAY" ticket. A "FAST PLAY" game is "like scratch-offs, without the scratching," said the Maryland Lottery's website. WASHINGTON EDUCATOR WINS $200,000 JACKPOT AFTER TEACHER APPRECIATION WEEK "I've been having luck with FAST PLAY tickets down here (in Maryland) and Big Money Doubler had a pretty big jackpot the last time I checked your website," the man told the Maryland Lottery when he collected his winnings. "Big Money Doubler," the game the man played, costs $5 per play, and has a progressive jackpot, meaning it gets bigger until someone wins. Despite being a lottery enthusiast, the man did not think about checking his numbers until later that evening. When he saw that he won, and how much he won - $162,411 - he could not believe it. KENTUCKY FATHER AND DAUGHTER BOTH WIN LOTTERY WITHIN 3 MONTHS OF EACH OTHER "I was in total disbelief when I saw the prize amount. I called my girlfriend, my friends - nobody could believe it," he told the Maryland Lottery. The liquor store where the man purchased the winning ticket received a $1,000 bonus, said the Maryland Lottery. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER The Big Money Doubler game began selling tickets in Jan. 2023, according to the Maryland Lottery, and the game will close after 10 more progressive jackpots are won. The game's minimum jackpot is $40,000, the organization said. GET FOX BUSINESS ON THE GO BY CLICKING HERE Smaller, non-jackpot prizes start at $10 and go to $5,000. The man did not say what he intended to do with his jackpot, but given the circumstances of the ticket's purchase, perhaps he'd throw an epic party - or two - to celebrate. For more Lifestyle articles, visit www.foxbusiness.com/lifestyle via: https://www.foxbusiness.com/lifestyle/pennsylvania-man-buying-supplies-party-wins-big-maryland-lottery

American Airlines kicks off D-Day 80th anniversary trip for World War II veterans to Normandy

Posted by radio1n1 — Sat, 1 Jun 2024 08:01 GMT

American Airlines kicked off its D-Day 80th anniversary trip to Normandy, France, with 70 World War II veterans on Friday at Dallas Fort Worth International Airport. The veterans enjoyed a kickoff dinner Thursday night at American Airlines headquarters in Forth Worth, Texas, before their AA flight to Paris, and took part in a parade to the airport on Friday afternoon. The veterans were sent off with an address from actor and founder of the partnering group, Gary Sinise of the Gary Sinise Foundation, and other volunteers and supporters from across the U.S. EXPERTS REVEAL TOP TIPS FOR HANDLING COLLEGE GRADUATION GIFT MONEY "We're honored to play a part in helping this group of heroic veterans return to Normandy," American Airlines COO David Seymour said in a statement. "This special journey is not only an expression of our gratitude for these heroes and the sacrifices they made for our freedom, but we hope to help shine a light on their extraordinary stories and preserve their legacies for generations to come," he added. Among the 70 veterans selected for the trip was Frank J. Perry Sr., who served in the Army as an aerial gunner in Europe in 1945. Perry joined Piedmont Airlines post-war to continue his dreams of aviation and served there for nearly 40 years. American Airlines is formed today by many heritage airlines like Piedmont. FAA WON'T APPROVE INCREASED 737 MAX PRODUCTION IN NEAR FUTURE When the veterans land in France, they will spend two days visiting Paris before commemorative events begin in Normandy. Their program in Normandy will include "visits to key historical sites, concerts and special ceremonies to honor the courage and sacrifice of all who served during World War II," American Airlines said. On the anniversary of D-Day itself, June 6, there will be a ceremony held at the Normandy American Cemetery. It is the first American cemetery on European soil for service members of World War II. The oldest veteran onboard the chartered flight is 107-year-old former U.S. Merchant Marine Reynolds Tomter. GET FOX BUSINESS ON THE GO BY CLICKING HERE June 6 marks 80 years since American forces invaded the beaches of Normandy under operation code-named Neptune to liberate France. It remains the largest seaborne invasion in history. via: https://www.foxbusiness.com/lifestyle/american-airlines-d-day-80th-anniversary-charter-flight-world-war-ii-veterans-france

See it: Porsche unveils new 911 hybrid

Posted by radio1n1 — Sat, 1 Jun 2024 08:00 GMT

German automaker Porsche on Tuesday unveiled the new 911 Carrera GTS which is the first street-legal 911 that uses a hybrid powertrain. The hybrid sports car features a lightweight T-Hybrid system that features a newly-developed electric exhaust gas turbocharger, which was designed based on knowledge from motor racing. The integrated electric motor, which is between the compressor and turbine wheel, brings the turbocharger up to speed instantaneously and builds up boost pressure, while also functioning as a generator that can yield up to 11 kW of power that's extracted from the exhaust gas flow. "We developed and tested a wide variety of ideas and approaches to arrive at the hybrid system that would suit the 911 perfectly," Frank Moser, Porsche vice president of model lines 911 and 718, said in a statement. "The result is a unique drive that fits into the overall concept of the 911 and significantly enhances its performance." PORSCHE TO DEBUT NEW HYBRID 911 SPORTS CAR Its boxer engine delivers 485 horsepower even without electrical assistance. In total, the system's output is 541 horsepower - 61 horsepower compared to its predecessor, which allows it to beat its predecessor to 100 kilometers per hour. "The efficient performance hybrid achieves highly dynamic driving characteristics while at the same time reducing CO2 emissions with significantly less extra weight compared to plug-in hybrid vehicles," Porsche wrote in the announcement. The new 911 includes a fully digital instrument cluster for the first time ever. The company says the 12.6-inch display can be extensively customized and offers up to seven views, including an exclusive Classic display that's inspired by Porsche's traditional five-tube dial design with a central tachometer. PORSCHE TO OFFER 1,000 HORSEPOWER MODEL TAYCAN It also features a high-resolution 10.9-inch central display that's used to operate the Porsche Communication Management (PCM) system, which includes new connectivity features. A QR code simplifies the process of logging-on to the PCM with Porsche ID. Apple CarPlay is more deeply integrated into the upgraded 911 and gives users the option of displaying information in the instrument cluster and enables the operation of vehicle functions in the Apple ecosystem, such as the Siri voice assistant. HYBRID VEHICLE SALES REVVING UP AS EV DEMAND SPUTTERS Apps like Spotify and Apple Music can also be used as native apps in the PCM without having to connect a smartphone. "Our product portfolio is younger than ever and highly attractive," CEO Oliver Blume said in a statement. "It offers our customers even more customization options and exclusive experiences." GET FOX BUSINESS ON THE GO BY CLICKING HERE The 911 Carrera is available for order now, both as a Coupe and Cabriolet with rear-wheel drive, while the 911 Carrera GTS has all-wheel drive and Targa body variants available. FOX Business' Aislinn Murphy contributed to this report. via: https://www.foxbusiness.com/lifestyle/see-porsche-unveils-new-911-hybrid

Washington educator wins $200,000 jackpot after Teacher Appreciation Week

Posted by radio1n1 — Fri, 31 May 2024 18:15 GMT

Each year, "Teacher Appreciation Week" is observed during the month of May - and for one preschool teacher in Washington state, her "appreciation" came in the form of some good luck from the universe. A resident of Edmonds, Washington identified only as "J.C." stopped at a Safeway grocery store on May 11 to get coffee with her mother before a day of running errands, Washington's Lottery said in a May 31 press release. Edmonds is north of Seattle. KENTUCKY FATHER AND DAUGHTER BOTH WIN LOTTERY WITHIN 3 MONTHS OF EACH OTHER While at the store, J.C. bought a scratch-off lottery ticket at a vending machine, using $10 she'd won from another scratch-off ticket. J.C. then put the ticket for the "$200,000 Cash Stacks" scratch-off game in her purse, temporarily forgetting about it. Later that night, J.C. was watching TV when she remembered she had not yet scratched off the lottery ticket she purchased, said Washington's Lottery. LOTTERY PAYOFF OF $50,000 FOR VIRGINIA WOMAN THANKS TO FORTUNE COOKIE NUMBERS "When she saw one of her numbers matched the winning number on the ticket for the $200,000 prize, she was in disbelief," said the lottery in a press release. Not able to believe her own eyes, J.C. used Washington's Lottery app to check that she had indeed won the game's top prize - and for good measure, asked her mother to look at it as well. "They both were speechless," said Washington's Lottery. NORTH CAROLINA MAN WINS $1 MILLION AFTER SISTER PICKS OUT TICKET: 'LUCKIEST GUY IN THE UNIVERSE' With her big win, J.C. told Washington's Lottery that she plans on buying herself a new car and traveling to Ireland, a place she's always wanted to visit. The $200,000 Cash Stacks game has one remaining $200,000 prize, said Washington's Lottery's website. Hundreds of thousands of other prizes, ranging from $10 to $500, are also up for grabs. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER The overall odds of winning any sort of prize in the game are 1 in 3.43, said Washington's Lottery. GET FOX BUSINESS ON THE GO BY CLICKING HERE Washington's Lottery was created in 1982, said its website. Since that time, the lottery has generated more than $5 billion for various state programs, including the Washington College Grant and the Washington Opportunity Pathways Account, the website said. For more Lifestyle articles, visit www.foxbusiness.com/lifestyle. via: https://www.foxbusiness.com/lifestyle/washington-educator-wins-200000-jackpot-after-teacher-appreciation-week

Romance Writers of America files for bankruptcy amid racism spat, with $3M in hotel debt

Posted by radio1n1 — Fri, 31 May 2024 18:14 GMT

Hang up the ripped bodices, give Fabio the bad news and cue the lawyers: the Romance Writers of America, a nonprofit devoted to helping romance writers build their careers, is headed to bankruptcy court. As with so many affairs of the heart, trouble started in a hotel, or more precisely with hotel bills for the organization's flagship annual conference, which the group said it could not pay in its bankruptcy filing on Wednesday in Houston, Texas. RWA membership has declined sharply due to recent controversies over diversity within the organization and the COVID-19 pandemic, which prevented it from holding in-person events in 2020 and 2021, according to court documents. RED LOBSTER FILES FOR BANKRUPTCY: BLAME FOCUSES ON SHRIMP DEAL Before 2019, RWA had 10,000 members, but membership has dropped to about 2,000. The organization's declining membership meant that its long-term conference commitments were "threatening RWA's ability to continue to operate," according to its court filings. The organization estimated that it owes roughly $3 million to the hotels that host its annual writers' conference and about $74,500 in cash to other creditors. It plans to use its bankruptcy to eliminate the debt to the hotels, and instead institute a three-year payment plan that directs all of the organization's disposable income to the hotels and other creditors. RWA said in a statement it expects a "swift resolution" to its bankruptcy restructuring, which "will not impact its day-to-day operations" of providing training and other resources to its members. The organization signed a long-term contract for its flagship annual writers' conference in 2018, locking it in to agreements with Marriott hotels around the U.S. But as membership declined, RWA tried to cancel or renegotiate its now-excessive contracts, with only partial success. The hotel that hosted RWA's most recent conference has sought more than $700,000 from RWA because it sold fewer rooms than RWA had reserved, and the group expects to lose money on its upcoming 2024 conference in Austin, Texas, as well. RWA also faces a $1 million contract termination demand from the Philadelphia Marriott that is slated to host RWA's 2025 conference. RWA has been roiled by controversies over diversity in recent years, and it acknowledged that it had "lost the trust of our membership and the romance community" in a 2019 statement. RWA reconstituted its board, canceled its 2020 awards program and pledged to improve its record on diversity after it suffered backlash for ousting a board member who had criticized other writers' work for containing negative racial stereotypes. The organization also renamed its annual awards program to emphasize its connection to RWA founder Vivian Stephens, a Black editor who championed women of color in the romance writing community. GET FOX BUSINESS ON THE GO BY CLICKING HERE Those changes failed to prevent further criticism in 2021, when the organization gave an award to a historical romance novel with a protagonist who took part in the 1890 massacre of more than 300 Lakota men, women and children at the Battle of Wounded Knee. RWA rescinded the award. via: https://www.foxbusiness.com/markets/romance-writers-america-files-bankruptcy-racism-spat-3m-hotel-debt

Trump Media shares volatile after historic conviction

Posted by radio1n1 — Fri, 31 May 2024 09:43 GMT

Shares of Trump Media and Technology Group , the parent of Donald Trump's Truth Social, bounced between gains and losses in early trading on Friday after a jury found the former president guilty on all 34 counts in a criminal hush money trial. Trump Media shares are up more than 7% this week. Broader stocks were marginally higher. Manhattan District Attorney Alvin Bragg charged Trump with falsifying business records in the first degree. Trump pleaded not guilty to all counts but was convicted on each. Trump's company has not yet commented on the developments. TRUMP LATEST: LIVE UPDATES Several business leaders weighed in following the verdict, including Elon Musk, who denounced it as a stain on the "American legal system" in a post on X. Ahead of the verdict, reports surfaced that Trump is mulling a White House role for Musk should he win in the fall. TRUMP WEIGHS ROLE FOR ELON MUSK IF HE WINS WHITE HOUSE 2024 Earlier this week, Trump Media CEO Deven Nunes wrote a letter to Louisiana Office of Financial Institutions Commissioner Scott Jolly, highlighting what the company believes is stock manipulation of its shares. Nunes is asking Jolly to launch a probe. "I respectfully request that you immediately open an investigation to determine the nature and extent of any illicit activities - and particularly whether the trading in DJT has violated Louisiana Securities Law," Nunes wrote. TRUMP MEDIA FLAGS NASDAQ ON POSSIBLE MARKET MANIPULATION This is not the first time Nunes has alleged market manipulation of Trump Media stock. In April, Nunes asked Nasdaq CEO Adena Friedman to investigate similar alleged trading patterns. Shares of Trump Media have advanced more than 180% this year despite losing money. Earlier this month, the company reported a first-quarter operating loss of more than $12 million and revenue of $770,500. Additionally, the company disclosed that its retail shareholder base - smaller Main Street investors - totaled 621,000. GET FOX BUSINESS ON THE GO BY CLICKING HERE The former president is the largest single shareholder with a 65% stake valued at just under $6 billion, as tracked by Thomson One. via: https://www.foxbusiness.com/markets/trump-media-shares-volatile-after-historic-conviction

Medline recalls 1.5M adult bed rails after 2 deaths

Posted by radio1n1 — Fri, 31 May 2024 09:18 GMT

More than 1 million adult bed rails are being recalled in the U.S. and Canada after two reported deaths associated with the product, safety regulators said. On Thursday, the Consumer Product Safety Commission (CPSC) and Medline Industries LP jointly announced that two models of Bed Assist Bar adult portable bed rails are being recalled because they pose a risk of entrapment and asphyxia. "When the recalled bed rails are attached to an adult's bed, users can become entrapped within the bed rail or between the bed rail and the side of the mattress," the notice read. "This poses a serious entrapment hazard and risk of death by asphyxiation." US TELLS OWNERS TO STOP DRIVING OLDER NISSAN VEHICLES OVER AIR BAG CONCERNS The company received two reports of entrapment deaths tied to the product. The deaths occurred in July 2019 and November 2023, and involved a 76-year-old woman at a senior nursing facility in Iowa and an 87-year-old woman at a residential care facility in South Carolina, according to the recall notice. The CPSC is urging consumers to "immediately" stop using the bed rails and contact the company for a refund. They are also urged to report any related incidents to the agency. PEDIGREE DOG FOOD BAGS RECALLED DUE TO POSSIBLE 'LOOSE METAL PIECES' The 1.5 million bed rails that are impacted by the recall were sold between July 2009 and March 2024, according to the notice. They were available through Medline's websites and major online retailers like Amazon and Walmart, CVS and Walgreens. FOX Business reached out to Amazon, Walmart, CVS and Walgreens for comment. GET FOX BUSINESS ON THE GO BY CLICKING HERE The product could also be purchased at online medical supply stores nationwide, including Cascade Healthcare Solutions and Magic Medical. About 5,522 units were sold in Canada. via: https://www.foxbusiness.com/lifestyle/medline-recalls-1-5m-adult-bed-rails-after-2-deaths

Truckers file lawsuit against NYC over city's 'congestion fee' for drivers

Posted by radio1n1 — Thu, 30 May 2024 20:44 GMT

The Trucking Association of New York filed a federal lawsuit Thursday against the Metropolitan Transportation Authority over the city's congestion fee, arguing it unfairly targets trucks and logistics with higher rates than passenger vehicles. According to a March proposal, trucks would be subject to a charge of $24 or $36, while drivers in private passenger cars should expect to pay about $15, with lower rates for motorcycles and late-night entries into the city. The association said it and its members were "not fundamentally opposed to congestion pricing" but was "fighting to overturn the current version of this plan and hopes to improve the plan to reduce its adverse impacts and introduce parity for the logistics industry." The association suggests the transit authority revise its plan to exempt the industry from the fee, limit trucks to being tolled just once a day or toll them at the same rate as passenger vehicles. SENATE DEMOCRATS ACCUSE OIL COMPANIES OF COLLUSION WITH OPEC, DEMAND DOJ INVESTIGATION The trucking association's lawsuit is among at least eight seeking to block the congestion fee plan, which is slated to launch June 30. A Manhattan federal court judge earlier this month heard arguments in lawsuits brought by unionized public school teachers, politicians and other New Yorkers. NEW YORK RANKS LAST IN ECONOMIC OUTLOOK STUDY FOR ALL 50 US STATES Many of those lawsuits argue the tolling was approved by federal transportation officials without proper scrutiny, and the court should order transit officials to conduct a more comprehensive environmental study before rolling out the plan. CLICK HERE TO GET FOX BUSINESS ON THE GO The MTA declined to comment when reached by FOX Business. The Associated Press contributed to this report. via: https://www.foxbusiness.com/economy/truckers-file-lawsuit-against-nyc-over-citys-congestion-fee-drivers

Cher wins years-long legal battle over royalties with Sonny Bono's widow

Posted by radio1n1 — Thu, 30 May 2024 19:25 GMT

Cher has won a legal battle with Mary Bono over royalties from Cher's work with late ex-husband Sonny Bono. According to documents obtained by Fox News Digital, U.S. District Judge John Kronstadt in the Central District of California ruled Wednesday Cher should have received just over $418,000 in royalties as of June 30, 2022. "As to the resulting damages, the parties agree that Wixen distributed at least $187,000 of Composition Royalties to Sonny's heirs that, but for the invalid termination, would have been distributed to [Cher]; of this amount, at least $93,500 was paid to [Mary]. The parties also do not dispute that, as of June 30, 2022, Wixen [Music Publishing] held $418,156.82 in Composition Royalties that would have been distributed to [Cher]," the judge wrote. Representatives for Cher and Mary Bono did not immediately respond to Fox News Digital's request for comment. ARETHA FRANKLIN JOINS PRINCE, MICHAEL JACKSON AND ROBIN WILLIAMS AS STARS' FAMILIES BATTLE IT OUT OVER WILLS In 2021, Cher filed a $1 million lawsuit against Mary Bono and others involved in the estate, claiming breach of contract. She claimed Mary tried to end provisions that entitle Cher to 50% ownership of the duo's musical composition and record royalties for hits like "I Got You Babe" and "The Beat Goes On." Documents obtained by Fox News Digital at the time cite a "1978 marriage settlement agreement" that Sonny and Cher entered into after their split. Cher claims the exes "agreed to equal division of their community property," and those were "irrevocably assigned" to her. According to the lawsuit, "in or about 2016 the Heirs, or a majority of them, with the assistance or participation of Wixen [Music Publishing], issued a notice of termination to various music publishers or other companies to whom Sonny had granted a transfer or license of the renewal copyrights, or rights under them, in the Musical Compositions. The Heirs' notice specified various effective dates of termination ranging from dates in 2018 to 2026." CLICK HERE TO READ MORE ON FOX BUSINESS Mary, the trustee of the Bono Collection Trust, exercised the Copyright Act's "termination rights" in 2016, which allows songwriters or their heirs to "recapture ... rights that had previously been transferred to third parties" after 35 years. They alleged the termination was done "without" Cher's "knowledge or participation." Judge Kronstadt's ruling Wednesday stated, "In reviewing similar agreements assigning royalty rights rather than underlying copyrights, Circuit Courts have determined that a right to receive royalties is distinct from a grant of copyright," which Mary had cited. Cher's claim of breach of contract was also granted in part. GET FOX BUSINESS ON THE GO BY CLICKING HERE Mary's counterclaim seeking declaratory relief as to "Cher's rights and obligations concerning the selection of an administrator" for the estate was granted in part, meaning Mary can seek to have the estate managed by "an entity owned and controlled by Sonny's heirs as the royalty administrator," and Cher can "make reasonable objections to the terms of any such agreement, including the reasonableness of the administration fee." The documents did not specify how or when Cher would receive her unpaid earnings. via: https://www.foxbusiness.com/entertainment/cher-wins-years-long-legal-battle-over-royalties-sonny-bonos-widow

Planes nearly collide at Washington airport, prompting FAA investigation

Posted by radio1n1 — Thu, 30 May 2024 09:34 GMT

The Federal Aviation Administration (FAA) confirmed it is investigating a close call between two aircraft at Ronald Reagan Washington National Airport on Wednesday. Around 10:30 a.m. local time, the FAA said an air traffic controller canceled the takeoff clearance for American Airlines Flight 2134 because another aircraft was cleared to land on an intersecting runway. American Airlines told FOX Business that it will support the FAA in its investigation. FAA HOLDS RUNWAY SAFETY MEETINGS AT MAJOR AIRPORTS NATIONWIDE AFTER MULTIPLE CLOSE CALLS "The safety of our customers and team members is our top priority, and we're grateful to our crew for their professionalism," American said in a statement. This incident comes roughly a month after the FAA announced it was looking into a close call involving JetBlue and Southwest aircraft that also occurred at the airport. The FAA has been intensifying efforts to reduce runway incursions following a string of close calls at the start of 2023. In February 2023, then-acting Administrator Billy Nolen created a safety review team to examine the reliability of the nation's air traffic system. He said that while air travel is coming back, the "long layoff, coupled with the increased technical nature of our systems, might have caused some professionals to lose some of that muscle memory." BOEING WHISTLEBLOWER WARNS 787 DREAMLINER COULD 'FALL APART' IN MIDAIR UNLESS SAFETY ISSUES ADDRESSED Since Mike Whitaker took over as head of the agency in October 2023, he's been looking into concerns that air traffic controllers are not getting enough sleep. Since the FAA commissioned an independent panel of scientific fatigue experts to assess the risks introduced by controller fatigue in the system, it has been implementing systemic changes to ensure that air traffic controllers are getting sufficient rest. GET FOX BUSINESS ON THE GO BY CLICKING HERE Just last month, the agency rolled out new airfield surveillance systems to minimize the risk of close calls between aircraft on the runway. The FAA told FOX Business in April that it has "seen a recent drop in the rate of serious runway incidents." via: https://www.foxbusiness.com/lifestyle/planes-nearly-collide-washington-airport-prompting-faa-investigation

Today's mortgage rates rise for 15- and 30-year rates | May 30, 2024

Posted by radio1n1 — Thu, 30 May 2024 09:29 GMT

The interest rate on a 30-year fixed-rate mortgage is 7.125% as of May 30, which is 0.135 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is 0.250 percentage points higher than yesterday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms and fees to ensure you get the best deal. Rates last updated on May 30, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-may-30-2024

Southwest faces delays as airline resolves 'brief technology issue' 2 years after its 2022 holiday m

Posted by radio1n1 — Wed, 29 May 2024 20:26 GMT

Southwest customers across the country faced a significant number of delays Wednesday after a "brief technology issue" caused by a power outage, the airline told FOX Business. "Southwest Airlines has resolved a brief technology issue that was caused by a power outage at one of our data centers in the Dallas area this afternoon," the company said in a statement shared with FOX Business. "While we were able to continue overall operations, some flights across the system were delayed while our teams addressed the outage and restarted systems. We apologize to our customers and appreciate their patience as we work to get them to their destinations as quickly and safely as possible." At one point Wednesday evening, 32% of Southwest's flights were delayed, USA Today reported, citing Flight Aware. SOUTHWEST CEO SAYS AIRLINE MULLING CHANGES TO ITS OPEN SEATING POLICY The situation comes less than two years after the airline's infamous December 2022 meltdown when nearly 17,000 flights were canceled and 2 million passengers were stranded around the Christmas holiday. SOUTHWEST AIRLINES CUTS CAPACITY, PAUSES HIRING DUE TO BOEING 'CHALLENGES' The airline ended up paying $600 million to passengers over the debacle and was fined $140 million following a government investigation late last year. "Today's action sets a new precedent and sends a clear message: If airlines fail their passengers, we will use the full extent of our authority to hold them accountable," U.S. Transportation Secretary Pete Buttigieg said after the fine was issued. "Taking care of passengers is not just the right thing to do - it's required, and this penalty should put all airlines on notice to take every step possible to ensure that a meltdown like this never happens again." GET FOX BUSINESS ON THE GO BY CLICKING HERE The 2022 storm delays, marked by images of thousands of passengers stuck at airports and checked bags strewn everywhere, were caused in part by the company's outdated computer systems. The company promised to invest $1 billion to upgrade and maintain its IT systems. "The recent disruption will accelerate our plans to enhance our processes and technology as we continue to focus on adding capabilities to bring rapid improvements for you, our valued customers," CEO Bob Jordan said in a note to members last year. via: https://www.foxbusiness.com/lifestyle/southwest-faces-delays-airline-resolves-brief-technology-issue-2-years-after-2022-holiday-meltdown

Mortgage demand falters as interest rates rise for the first time in a month

Posted by radio1n1 — Wed, 29 May 2024 09:37 GMT

A key measure of home-purchase applications fell to a three-month low as mortgage rates started to rise again. The Mortgage Bankers Association's (MBA) index of mortgage applications slid 5.7% for the week ended May 24, according to new data published Wednesday. The data also showed that the average rate on the popular 30-year loan rose to 7.05% last week from the previous level of 7.01%. While that is down from a peak of 8% in October, it marks the highest level for interest rates in a month. "Mortgage rates increased for the first time in four weeks, with the 30-year fixed rate up to 7.05% and all other loan types also seeing increases," said Joel Kan, MBA's vice president and deputy chief economist. "The uptick in rates led to a decline in mortgage applications heading into Memorial Day weekend." MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOU Housing demand cooled as rates moved higher. Applications for a mortgage to purchase a home dropped 1% from the previous week. Application volume is down 10% compared with the same time last year. Demand for refinancing also fell last week, tumbling 14% from the previous week, according to the survey. Compared with the same time last year, refinance applications are up 12%. THE COST OF BUYING A HOUSE HIT ANOTHER RECORD HIGH AS MORTGAGE RATES SPIKE AGAIN The interest rate-sensitive housing market has cooled rapidly as a result of the Federal Reserve's aggressive tightening campaign, which sent interest rates to the highest level in 23 years. Economists predict that mortgage rates will remain elevated for most of 2024 and that they will only begin to fall once the Federal Reserve starts cutting rates. Even then, rates are unlikely to return to the lows seen during the pandemic. On top of that, investors are growing skeptical about the odds of a Fed rate hike this year given the string of hotter-than-expected inflation reports at the beginning of the year. GET FOX BUSINESS ON THE GO BY CLICKING HERE Most economists now expect the cuts to begin in September or November amid signs that inflation remains abnormally high. via: https://www.foxbusiness.com/economy/mortgage-demand-falters-interest-rates-rise-first-time-month

Today's mortgage rates continue to hold steady for 15- and 30-year rates | May 29, 2024

Posted by radio1n1 — Wed, 29 May 2024 09:19 GMT

The interest rate on a 30-year fixed-rate mortgage is 6.990% as of May 29, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is also unchanged from yesterday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms and fees to ensure you get the best deal. Rates last updated on May 29, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-may-29-2024

Ohio billionaire planning 'Return to the Titanic' despite doomed Titan submersible voyage

Posted by radio1n1 — Tue, 28 May 2024 20:15 GMT

An Ohio billionaire is planning to "Return to the Titanic," despite last year's doomed voyage of the Titan Submersible . A spokesman for Larry Connor confirmed reports to FOX Business that the real estate investor is partnering with Patrick Lahey, co-founder and CEO of Triton Submarines, to build a sub and return to the Titanic in the summer of 2026. The Wall Street Journal reported that Connor called Lahey just days after OceanGate's Titan submersible imploded last year while carrying five passengers and told him he wanted to build a sub that could withstand plunging the depths to visit the Titanic. Connor, who is worth an estimated $2 billion, reportedly told Lahey that he wanted to "demonstrate to the world that you guys can do that." 'GROUP STOP' AT ONE OF AMERICA'S BUSIEST AIRPORTS ON ONE OF YEAR'S BUSIEST TRAVEL WEEKENDS "I want to show people that while the ocean is extremely powerful, it can be wonderful and enjoyable and really kind of life-changing if you go about it the right way," Connor told The Journal. According to the report, Lahey and Connor will plunge the depths in the Triton 4000/2 Abyssal Explorer, a two-person vessel so named because it can dive an estimated 4,000 meters. A spokesman for Connor told FOX Business that the mission "is to demonstrate the feasibility of constructing and operating a never-before-built, one-of-a-kind submarine capable of deep-sea exploration." Triton Submarines describes the vessel as a "high-performance, flexible platform designed specifically for professional applications." "Fully deployed, the Gull Wings raise the vehicle's propulsion up and away from the seabed, ensuring that delicate species or free-floating objects remain undisturbed," reads a description of the vessel on Triton Submarines' website. CLICK HERE TO GET FOX BUSINESS ON THE GO The Titan submersible suffered a catastrophic implosion last June one hour and 45 minutes into its descent toward the wreck of the Titanic. The submersible passengers included U.K. billionaire Hamish Harding, OceanGate CEO Stockton Rush, father-son pair Shahzada Dawood and Suleman Dawood, and French mariner Paul-Henry Nargeolet. Fox News Digital's Anders Hagstrom contributed to this report. via: https://www.foxbusiness.com/lifestyle/ohio-billionaire-planning-return-titanic-despite-doomed-titan-submersible-voyage

Housing prices soar to a new all-time high in March

Posted by radio1n1 — Tue, 28 May 2024 09:27 GMT

Home prices reached a new record in March amid an ongoing housing shortage, even as high mortgage rates pushed affordability out of reach for more Americans. Prices increased 6.5% nationally in March when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, the same as the previous month. It marks the fastest pace of growth since November 2022. On a monthly basis, prices climbed 0.3%, according to the index. "This month's report boasts another all-time high," said Brian Luke, head of commodities, real and digital assets at S&P DJI, in a release. "We've witnessed records repeatedly break in both stock and housing markets over the past year." MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOU The 10-city composite, which encompasses Los Angeles, Miami and New York, rose 8.2% annually, compared with an increase of 8.1% in February. The 20-city composite, which also tracks housing prices in Dallas and Seattle, posted an annual gain of 7.4%, which also marks an increase from the 7.3% figure recorded the previous month. Prices rose in all of the 20 major metro markets tracked by the index. The largest price gain once again took place in San Diego, which recorded a year-over-year increase of 11.1%. It was followed by New York and Cleveland, with respective gains of 9.2% and 8.8%. WHY CAN'T YOU FIND A HOME FOR SALE? Denver saw the smallest gain in March, with home prices climbing just 2.1% from the prior year - the same as the previous month. "Cities like Tampa, Phoenix, and Dallas, which saw top-tier performance in 2020 and 2021, are now growing at a slower pace," Luke said. "COVID was a boom for Sunbelt markets, but the bigger gains in the last couple of years have been the northern metro cities." The Case-Shiller index reports with a two-month delay, meaning it may not capture the latest ongoings in the market. There are a number of driving forces behind the affordability crisis. Years of underbuilding fueled a shortage of homes in the country, a problem that was later exacerbated by the rapid rise in mortgage rates and expensive construction materials. GET FOX BUSINESS ON THE GO BY CLICKING HERE Higher mortgage rates over the past three years have also created a "golden handcuff" effect in the housing market. Sellers who locked in a record-low mortgage rate of 3% or less during the pandemic began have been reluctant to sell, limiting supply further and leaving few options for eager would-be buyers. Economists predict that mortgage rates will remain elevated in 2024 and that they will only begin to fall once the Federal Reserve starts cutting rates. Even then, rates are unlikely to return to the lows seen during the pandemic. via: https://www.foxbusiness.com/economy/housing-prices-soar-new-all-time-high-march

OpenAI starts training 'next frontier' artificial intelligence model, forms safety committee

Posted by radio1n1 — Tue, 28 May 2024 09:15 GMT

OpenAI said on Tuesday that it has begun training an advanced artificial intelligence model that will succeed the San Francisco start-up's own GPT-4 system that currently serves its ChatGPT chatbot. The Microsoft-backed company said in a blog post that it expects its "next frontier model" to bring "the next level of capabilities" as it works toward building artificial general intelligence, the advanced technology with similar capabilities to that of humans. OpenAI also announced that it is setting up a new safety and security committee that will advise the full board on critical safety and security decisions for its projects and operations. "While we are proud to build and release models that are industry-leading on both capabilities and safety, we welcome a robust debate at this important moment," the company said. OPENAI ACCUSED OF MIMICKING SCARLETT JOHANSSON, TECH COMPANY PAUSES CHATGPT VOICE The committee's first task will be to evaluate and further develop OpenAI's processes and safeguards and share their recommendations at the end of the 90-day assessment period, according to the AI startup. The company said it will then share any adopted recommendations "in a manner that is consistent with safety and security." WHAT IS ARTIFICIAL INTELLIGENCE (AI)? Those who will serve on the safety committee include OpenAI CEO Sam Altman and Chairman Bret Taylor, and board members Adam D'Angelo and Nicole Seligman. Four of the company's technical and policy experts are also members. Earlier this month, OpenAI introduced its new GPT-40 model with features including real-time conversation skills. GET FOX BUSINESS ON THE GO BY CLICKING HERE OpenAI is under pressure to expand the user base of ChatGPT, its popular chatbot product that wowed the world with its ability to produce human-like written content and top-notch software code. Shortly after launching in late 2022, ChatGPT was called the fastest application to ever reach 100 million monthly active users. via: https://www.foxbusiness.com/technology/openai-starts-training-next-frontier-artificial-intelligence-model-forms-safety-committee

Walmart, Target, Amazon, Aldi cut prices. Is this good news?

Posted by radio1n1 — Mon, 27 May 2024 19:23 GMT

Major retail behemoths from Walmart, Target, Aldi to Amazon Fresh, have been cutting prices in a bid to entice price-conscious consumers and drive sales. This cost-cutting trend has raised questions about what it means for the overall economy. But industry analysts tell FOX Business that this isn't necessarily an indication that inflation is getting better. Rather, the price cuts are more indicative of how retailers are trying to compete in a heavily promotional environment. Last week, Walmart U.S. CEO John Furner told analysts during an earnings call that the company has almost 7,000 rollbacks, which refers to temporary price reductions on goods. ALDI CUTTING PRICES ON HUNDREDS OF ITEMS TO FIGHT 'STUBBORN INFLATION' Days later, Target announced it was cutting prices on 5,000 popular products. Both major retailers acknowledged that consumers are still feeling the pinch, with Target executives noting how one in three Americans are maxing out their credit cards. Walmart CFO John David Rainey said "many consumer pocketbooks are still stretched." Earlier this month, discount grocer Aldi announced it was passing along $100 million in savings by slashing prices on more than 250 items through Labor Day. Amazon Fresh said U.S. customers can save 30% on 4,000 weekly rotating grocery items every day. "I don't think Target or Walmart would be engaging in such large cuts without commitments from their vendors to cut the price at which they sell to retailers," Preston Caldwell, senior U.S. economist at Morningstar Research Services, told FOX Business. WALMART CFO SAYS 'MANY CONSUMER POCKETBOOKS' ARE BEING STRETCHED AS HIGH INFLATION PERSISTS Caldwell said "this could signal broader cost-cutting across the supply chain, including manufacturing and logistics." Still, he argued that "key determinants of whether inflation normalizes remain housing and wages, where a drop is absolutely necessary" to bring inflation back to the Federal Reserve's target of 2%. Inflation has fallen considerably from a peak of 9.1% in June 2022, but it remains well above the Fed's goal. In April, prices rose 3.4% from the same period a year ago. Similarly, Telsey Advisory Group Senior Managing Director Joe Feldman told FOX Business that he is still concerned about service inflation, which is "still very high." "Think about auto insurance, homeowner's insurance, health care costs," Feldman said. "Shelter costs are so high.... that's where I think the pressure is." In fact, Morningstar Research Services consumer equity analyst Noah Rohr argued that these price reductions "are more indicative of the competitive landscape than inflation." "Retailer's increasingly see customer retention as critical to its business model, especially as they see opportunities to build up its membership programs, and alternative profit streams like digital advertising revenue," Rohr said, citing examples like Walmart+ and the newly upgraded Target Circle 360 program. CLICK HERE TO READ MORE ON FOX BUSINESS The "price cuts are more a reflection of retailers trying to capture and retain customers during a tougher economic backdrop because they really want to build long-term customer relationships," he added. For instance, he noted that the steady traffic declines at Target "may have prompted the announcement to cut prices on 5,000 frequently purchased items. Consumers may have been finding better value elsewhere." via: https://www.foxbusiness.com/lifestyle/walmart-target-amazon-aldi-cut-prices-good-news

Argentina's President Milei to meet with Apple, Google, Meta CEOs on US trip

Posted by radio1n1 — Mon, 27 May 2024 16:47 GMT

Argentina's President Javier Milei is traveling to the U.S. to meet with CEOs from major U.S. tech firms including Google, Meta, Apple and OpenAI, according to an announcement from his spokesman Manuel Adorni on Monday. Milei, a libertarian who assumed office in December after a surprise election win, is scheduled to depart from Argentina on Monday and is slated to meet Tuesday evening with OpenAI CEO Sam Altman. He's scheduled to deliver a 45-minute speech at Stanford University's Hoover Institution, a limited government think tank, on Wednesday before meeting with Stanford President Richard Saller and Hoover Institution Director Condolezza Rice. Milei is expected to meet with Sundar Pichai, CEO of Alphabet and Google, Apple CEO Tim Cook, plus more than 30 entrepreneurs linked to artificial intelligence (AI) at a series of events later on Wednesday. He's then scheduled to meet with more AI entrepreneurs and the Pacific Summit on Thursday before a meeting with Meta CEO Mark Zuckerberg that evening. ELON MUSK HOSTS ARGENTINE PRESIDENT JAVIER MILEI AT TESLA HEADQUARTERS Google Argentina referred FOX Business to the president's schedule and declined to offer an additional comment. Apple, Meta and OpenAI did not immediately respond to requests for comment. Milei, a self-described "anarcho-capitalist," won office on a platform that involved deep government spending cuts as a means of curbing inflation, which had risen above 100% for most of 2023 and reached 254% in January 2024. He also frequently carried a chain saw with him on the campaign trail as a symbol of his goal to slash regulations and cut the size of the government. ARGENTINA'S MILEI SHUTS UP CRITICS WITH MIRACLE TURNAROUND OF ECONOMY, STRONG SECURITY POLICIES The Argentine president has courted investment from U.S. companies in the tech sector and other industries as he looks to overhaul Argentina's economy. Milei's trip to the Bay Area comes after an April visit to Texas, where he was hosted by Tesla CEO Elon Musk at the electric vehicle-maker's headquarters in Austin. The two discussed potential projects involving lithium - a key metal used in rechargeable batteries like those that power Tesla's EVs - as well as ways to promote free markets. THOUSANDS PROTEST IN ARGENTINA AS MILEI'S AUSTERITY PLAN HITS UNIVERSITIES Argentina's lithium deposits are the world's third largest as of 2023, trailing only Chile and Australia, according to the U.S. Geological Survey. Its mines produced the fourth most lithium in the world last year per USGS. The Wall Street Journal reported that the Musk-Milei meeting was the first time the duo had met after spending months praising each other on X, formerly Twitter, and referred to their relationship as a "bromance." GET FOX BUSINESS ON THE GO BY CLICKING HERE The Journal noted that after he took office in December, Milei's government gave Musk's SpaceX the green light to begin operating its Starlink satellite communications service in the country. FOX Business' Breck Dumas and Reuters contributed to this report. via: https://www.foxbusiness.com/politics/argentinas-president-milei-meet-apple-google-meta-ceos-us-trip

Bass Pro Shops' CEO says brand will focus on affordability amid rising costs: 'Inflation is here'

Posted by radio1n1 — Mon, 27 May 2024 06:51 GMT

EXCLUSIVE: The founder and CEO of Bass Pro Shops, Johnny Morris, says that despite inflation, the hunting, fishing and outdoor sporting brand will remain focused on affordability heading into boating and fishing seasons. Inflation remains high at 3.4%, above the Fed's 2% goal, though it dropped from its peak of 9.1% in June 2022. "Inflation is here. It's real," Morris told FOX Business during a video interview. EXCLUSIVE: CEO OF BASS PRO SHOP REVEALS NATURE-BASED AMPHITHEATER, MORGAN WALLEN TO PERFORM AT GRAND OPENING In April, energy prices rose for the third month in a row, and the cost of gas increased by 2.8%, according to the Labor Department's consumer price index (CPI). Bass Pro Shops ended an inflation buster savings program in late 2023, but the brand maintains its promise to work with consumers on belt-tightening opportunities to combat elevated inflation burning holes through American's pockets. "We worked hard, and we still focus on affordability," Morris said of starting Bass Pro decades ago. Bass Pro Shops offers consumers payment plans as low as $5 and $10 per day to make the dream of owning a boat a reality for just about anyone. "My dad was big on delivering value to customers," Morris said. "One of his sayings to me every day was, 'Johnny, it's not worth any more on your shelf than it is your competitors.'" BASS PRO SHOPS DOUBLES DOWN WITH SUPER BOWL AND DAYTONA 500 AD Morris, a Missouri native, proudly referred to a framed advertisement of the original Bass Pro Shops boat, a Bass Tracker, hanging behind him that retailed for $2,995. "We broke through by delivering remarkable value to fishermen and to anglers," he said. "That's something that we're focused on. We build boats right here in the Ozarks - most of them - sell them direct, and we have a few great select dealers.'" The company was founded by Morris in 1972, when he was just 21 years old and gas cost 36 cents a gallon, or $2.53 today when adjusted for inflation. "I approached my dad about stocking fishing tackle in a liquor store he had on the way to the lake," Morris said. "We called it Bass Pro. Every nickel we could get, we put it into this fishing gear." INFLATION INCREASES 3.4% IN APRIL AS PRICES REMAIN ELEVATED Morris, a dedicated leader in conservation, credits his father, John A. Morris, founder of Walmart, Sam Walton, former President Theodore Roosevelt and naturalist John James Audubon for not only his approach to consumer-driven business strategies but his ability to preserve a healthy, commonsense harvest of "God-given natural resources". On Saturday, Morris unveiled Thunder Ridge Nature Arena, an outdoor amphitheater on 1,200 acres near Table Rock Lake, just outside of Branson, Missouri. The grand opening was packed with thousands of attendees and starred country music A-lister Morgan Wallen. The venue is planned to host Chris Stapleton and Luke Bryan, among other celebrities, later this summer. In July, the Rolling Stones will end their summer tour at Thunder Ridge. Thunder Ridge, dedicated to celebrating the natural beauty of the Ozarks, teamed up with Live Nation and ASM Global to execute the day-to-day operations of the space for 18,000-20,000 people. GET FOX BUSINESS ON THE GO BY CLICKING HERE "I think one thing that people can expect is getting their money's worth here in the Ozarks," Morris said. "And they can expect genuine, friendly service in this region." Morris is a vocal advocate for conservation, and designed the amphitheater oasis to highlight the rich history and unmatched views of the Ozarks. "The economy is what it is, but I think people can expect good value here," Morris said. via: https://www.foxbusiness.com/business-leaders/bass-pro-shops-ceo-says-brand-focus-affordability-amid-rising-costs-inflation-here

12 Qatar Airways passengers injured as Boeing jet hits turbulence en route to Dublin

Posted by radio1n1 — Mon, 27 May 2024 06:12 GMT

Twelve people have been left injured after a Qatar Airways flight from Doha to Dublin, Ireland hit an area of turbulence, with one passenger describing it as the "worst 15 seconds of my life." Dublin Airport said in a statement that Qatar Airways flight QR017 - a Boeing 787-9 Dreamliner - managed to land safely around midday Sunday. "Upon landing, the aircraft was met by emergency services, including Airport Police and our Fire and Rescue department, due to 6 passengers and 6 crew [12 total] on board reporting injuries after the aircraft experienced turbulence while airborne over Turkey," the airport said. "All passengers were assessed for injury prior to disembarking the aircraft. Eight passengers were subsequently taken to hospital." Qatar Airways said in its own statement that a "small number of passengers and crew sustained minor injuries in flight and are now receiving medical attention" and that "the matter is now subject to an internal investigation." AMERICAN AIRLINES PASSENGERS IN MIAMI STUCK ON SWELTERING BOEING PLANE: TRAVELERS Passengers onboard the aircraft described a sudden drop during the flight, causing travelers to hit the ceiling of the cabin. "It was very scary, to be honest, I'm still shivering... that was the worst 15 seconds of my life," one flier, Mufaddal Ali, told The Associated Press. One passenger told Irish broadcaster RTE that the seatbelt lights were off when the plane hit turbulence. He added that his in-flight meal came off of his lap and that his shorts were ripped during the incident. Another traveler told RTE that a person on the plane appeared to have suffered a back injury and was being given oxygen while lying down, while a third said they felt the plane dip and saw a flight attendant "go up in the air." "It was quite scary, the plane just seemed to stop, which it didn't, but then dropped, quite a severe drop. Fortunately, the captain got it under control quite quickly because I was thinking 'oh it's going to keep falling," Cheryl Suker told the AP. "But unfortunately, there were a couple of passengers that didn't have seatbelts on. They were in front of us, they were thrown out of their seats and hit their head." PASSENGERS ON SINGAPORE AIRLINES FLIGHT DESCRIBE NIGHTMARE AFTER PLANE HIT 'SEVERE TURBULENCE' Despite the incident, the flight crew kept tending to the passengers onboard. "The staff were amazing, like to actually get up and have to look after us and they are going around with bandages on their hands and bloodied faces," passenger Philomena Prendergrast told the AP. CLICK HERE TO READ MORE ON FOX BUSINESS It happened just days after a Singapore Airlines jet encountered "severe turbulence" that left 1 dead. That plane was forced to make an emergency landing in Bangkok, Thailand, last week. via: https://www.foxbusiness.com/lifestyle/12-qatar-airways-passengers-injured-boeing-jet-hits-turbulence-en-route-dublin

Buttigieg defends Biden's EV strategy after question on how only 8 federal charging stations have be

Posted by radio1n1 — Sun, 26 May 2024 19:27 GMT

Transportation Secretary Pete Buttigieg defended the Biden administration's push to build half a million electric vehicle (EV) charging stations along U.S. highways by 2030 after being questioned about how just eight have been built since President Biden signed the legislation two years ago. Buttigieg appeared Sunday on CBS' "Face the Nation" where he tried to ease doubts about reaching Biden's goal of 500,000 chargers by the end of the decade when asked why it wasn't happening more quickly. "Now, in order to do a charger, it's more than just plugging a small device into the ground," the secretary said. "There's utility work, and this is also really a new category of federal investment. But we've been working with each of the 50 states." "Seven or eight, though?" host Margaret Brennan said with a laugh. "Again, by 2030, 500,000 chargers," Buttigieg said. "And the very first handful of chargers are now already being physically built." WILL BIDEN'S EV PUSH IMPACT PRESIDENTIAL ELECTION? AMERICANS WEIGH IN The Infrastructure Investment and Jobs Act, the massive infrastructure package Biden signed in 2021, earmarks $7.5 billion for EV charging programs, while the 2022 Inflation Reduction Act expands tax credits for EVs and charger installations. MANY US CONSUMERS STAYING AWAY FROM EVs DUE TO LACK OF CHARGING AVAILABILITY: REPORT To date, only eight have been built since Biden signed the legislation, according to reporting by Autoweek. Buttigieg said "the EV revolution will happen with or without us" and that Biden is focused on making sure the EV revolution is led by America, not by a competitor like China . GET FOX BUSINESS ON THE GO BY CLICKING HERE He said the charging stations are just one factor that will help Americans transition from gas-powered cars to electric; the other is lowering the cost of EVs for the consumer. Fox News Digital's Thomas Catenacci contributed to this report. via: https://www.foxbusiness.com/markets/buttigieg-defends-bidens-ev-strategy-after-question-how-only-8-federal-charging-stations-have-been-built

Boeing employees' safety, quality concerns surge dramatically in wake of incidents as deadline looms

Posted by radio1n1 — Sun, 26 May 2024 17:27 GMT

Boeing released its annual safety report on Friday which showed a dramatic increase in submissions by employees about safety and product quality concerns as the aerospace giant readies a report for regulators to increase its production. The company's third annual safety report found that in early 2024 there was a 500% increase in the use of Boeing's Speak Up tool for employees to submit reports about their concerns in the wake of a Jan. 5 incident in which a Boeing 737 Max 9 door plug panel blew off in mid-flight, forcing the airliner to return to Oregon's Portland International Airport for an emergency landing. Several other incidents involving Boeing aircraft also intensified the public scrutiny of the company. The news comes as Boeing prepares to release a plan aimed at assuring regulators that the company has adequately addressed safety concerns in manufacturing processes. The Federal Aviation Administration (FAA) in February ordered Boeing to compile a comprehensive plan aimed at correcting quality-control issues. The report is due on May 30 and will be used by the FAA in determining whether it will allow Boeing to increase production of the 737 Max, including the Max 9 variant. BOEING FACING 'LONG ROAD' IN ADDRESSING SAFETY ISSUES, FAA CHIEF SAYS Boeing referred FOX Business to comments made by outgoing CEO Dave Calhoun at the company's annual meeting this month in which he said: "We proactively seek the inputs of our people, as demonstrated by the active participation and suggestions of our employees during stand downs following the accident and their engagement in various channels for speaking up that are accessible to all of our people. And our policies strictly prohibit retaliation of any kind." The report's release comes a day after FAA Administrator Mike Whitaker warned last week in an interview on ABC News that Boeing has a "long road ahead" as it looks to address quality-control issues and ramp up its manufacturing. BOEING HAS A 'MORAL COMPASS PROBLEM,' VETERAN PILOT ARGUES "What we're seeing next week is the plan going forward. It's not the end of the process. It's the beginning, and it's going to be a long road to get going back where they need to be making safe airplanes," Whitaker said. Transportation Secretary Pete Buttigieg said in an interview Sunday on NBC News' "Face the Nation" that there is "an encouraging part and a concerning part" of the Boeing report and the increase in employee submissions. BOEING RE-ELECTS OUTGOING CEO AS SEARCH FOR REPLACEMENT CONTINUES AMID SAFETY CULTURE CRISIS "The encouraging part is we want Boeing, and any producer in the aviation space, to have a culture of, if you see something, say something. We want to make sure those mechanisms for reporting work. We have both whistleblower mechanisms to let us know something directly at the FAA, but in a healthy company, that should also be happening within the company." Buttigieg was asked whether the hold would remain in place after Boeing submits its report and responded, "They're gonna have to do more to demonstrate their readiness to safely increase production. And again, obviously, the goal is for them to do so, but only on a safe and healthy basis." GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business' Breck Dumas and Daniella Genovese contributed to this report. via: https://www.foxbusiness.com/markets/boeing-employees-safety-quality-concerns-surge-wake-incidents-deadline-looms

Is co-owning a home better for your wallet? Real estate experts weigh in

Posted by radio1n1 — Sun, 26 May 2024 08:06 GMT

Purchasing a slice of a home with your friends or family may not be as easy as it sounds. While the concept of group homeownership isn't new (think: timeshares), more and more younger generations are reportedly open to the idea of buying one-fourth or even one-eighth of a property amid a volatile and pricey real estate market. "It's just a natural solution to a growing problem that we face here in America, and that many cities face around the world," co-founder and CEO of Pacaso - a property broker which lists shares of vacation homes - Austin Allison told Fox News Digital. "There's so many examples of companies that are creating sharing economy solutions to old problems," the CEO added, "and co-ownership is effectively a sharing economy solution to a housing affordability problem. So I think the younger generation is just more familiar with innovative and sustainable structures like this." HOUSING PRICES IN FLORIDA, TEXAS WILL BECOME 'MORE AFFORDABLE': REDFIN C.E.O. After Pacaso's founding in 2020, the brokerage has sold about $1 billion in co-ownership units across 40 markets, mostly in the U.S., and manages approximately 1,500 clients in housing LLCs and operating agreements. And though Pacaso promises to handle "all the things that would typically produce friction or headaches in the D.I.Y. co-ownership process," Madison Ventures+ principal and managing director Mitch Roschelle advised against the idea. "People who are promoting shared homes are basically trying to sell parts of homes for more money," Roschelle also told Digital. "So there's the economic incentive for those in favor of the strategy." "The value proposition for the buyer is, 'But look at it this way: I get to own something and I don't have to pay for the whole thing... I don't want to eat the whole pie. I know it's cheaper. I just bought a slice.' That's the basic, sort of yin and yang between why the buyer wants the slice and why the seller wants to sell pieces as opposed to the whole." Despite market analyst pessimism, Pacaso recently launched a new legal suite of services starting at just $250 to help more interested parties enter co-ownership agreements, with its CEO citing a surge in interest. In fact, Zillow's 2023 housing trends report found 1 in 7 respondents co-bought a property with a friend and 12% with a relative last year. Backing up the data, Opendoor's first-time homebuyer report released in March found that more than 3 in 4 first-time buyers bought with their parents, siblings, friends and even colleagues. "Managing the home can be difficult. Financing the home can be difficult. Coordinating repairs and maintenance can be difficult between co-owners," Allison admitted. "So this is something that, as a co-owner, you want to go into with eyes wide open, and at Pacaso, we're trying to make that experience easy for you." "We're seeing co-ownership grow in popularity, mainly because homes are less affordable today than they were in the past. And that's not getting any better with time. It's only getting worse," the CEO added. "Co-ownership is part of the housing affordability solution because it enables people to afford homes by pooling their resources together with other families that they would otherwise not be able to afford." 4 KEY STRATEGIES FOR HOMEBUYERS IN TODAY'S CHALLENGING MARKET Roschelle countered that the co-ownership market is actually "really, really small," claiming he knows more real estate investors who rent individual bedrooms within a home. "There are not many niches in the real estate industry where I don't know people. This is one of them. I don't know anybody that wants to do this," he said. "I think it's so complicated that [if] you need an LLC to buy it, you know what? Don't buy it." But both industry leaders agree this may be a more attractive option for younger generations and first-time homebuyers. "It's geared towards younger millennials, Gen Z who are first entering the home market - that's 100% who it's geared towards. The closer you are to college, the more blind you are to the challenges of living together," Roschelle said. "But it doesn't mean that all friction will be eliminated if you are doing co-ownership on your own," Allison also said. "There's definitely an element of interacting with other people that has to be taken into account and consideration." "Homeownership is a dream for many families," Pacaso's CEO added. "There are many reasons why somebody would want to own real estate, and co-ownership makes it possible for more people, because there's just a lot more people who can afford to own part of a home than people who can afford to own the whole thing." And if you decide you eventually want out of a home co-ownership, the experts recommend not doing that alone, either. "This isn't just an apartment, it's a home that you own. How complicated does that get?" Roschelle emphasized. "So, I think it's a bad idea all the way around. And the only person making money from it is the person who's building them, who's trying to sell the pie for more in slices, as opposed to the whole pie." GET FOX BUSINESS ON THE GO BY CLICKING HERE "If you and two or three of your friends decide to buy a property together and one of you wants out of the property, there's not an easy way to find another co-owner for your share. With Pacaso, we've made that process easy," Allison explained. "Anybody can sell their interest in a Pacaso home at any time. And so far, of the people who have sold their Pacaso shares, they've benefited from about 10% capital appreciation during the whole period." "In our case, it's about making better use of space, making better use of resources, contributing to communities and to the environment in positive and sustainable ways," the CEO continued. "And co-ownership is an incredible solution in a world where we need solutions to help with housing affordability, and environmental and community challenges that we face." READ MORE FROM FOX BUSINESS via: https://www.foxbusiness.com/media/coowning-home-wallet-real-estate-experts-weigh

How to start a candle business in 2024: 5 easy steps to selling candles from the comfort of your hom

Posted by radio1n1 — Sun, 26 May 2024 07:25 GMT

Americans are rapidly working on side hustles as an additional source of income. Fifty-four percent of Americans have begun a side hustle in the last twelve months, according to MarketWatch, as a means of making more money in addition to a primary source of income. All you really need to start a side hustle is an idea and an understanding of how to execute that idea. Taking a creative approach to your entrepreneurship can include a hobby-like business, and one of the more popular ones today is candle making. Whether you have made a candle before or not, through trial and error, there are simple tricks to producing a product that is unique from what else is on the market. WANT TO MAKE MONEY OFF YOUR FLOURISHING GARDEN? HERE ARE 4 WAYS TO TURN YOUR CROPS INTO CASH You can make candles in your own home pretty easily. Here's a guide to get you started on your candle business. The first step to starting your business is learning how to make candles. You'll need minimal supplies to get you started, including containers for your candles, wax, wicks and fragrance. It will take trial and error to perfect the look of your candle, the wick placement and the amount of fragrance you need for the perfect scent. If you want to add color to your candle, you'll also need to purchase dye. At first, the top of your candle may not appear totally smooth, your wick may be crooked, or you may not have enough fragrance for the scent. All the candles you make during your trial and error period can be gifts for friends and family because they probably won't be good enough to sell. You could also buy wax molds to add uniqueness to your candles. TIPS FOR SELLING EGGS AND TURNING A PROFIT RIGHT FROM YOUR BACKYARD Once you have made numerous candles with success, you're ready to move to step two. You will need a unique brand name and logo for your business and a label for your candles. Your brand name should be something unique and memorable. You'll also want to create a logo for your business and a label to put on each of your candles. On each candle should be your brand name/logo as well as information about the candle itself, like the scent, instructions and safety information. All businesses start out with a plan. A business plan is a document that describes the company and also highlights its goals. In a business plan, you can include elements like the mission statement, the products offered, the target audience of the company, marketing plans and financial information. HOW TO START A LEMONADE STAND WITH YOUR KIDS THIS SUMMER Your business plan is by no means set in stone. As your company grows and changes, your plan will, too. You can always make edits to your business plan when needed. To run a business, you'll need to register it. The process varies depending on your state, so you'll need to look into the legal requirements where you live to avoid getting fined or having your business shut down. Once your business is registered, you'll receive an Employer Identification Number (EIN). This number is given to businesses for tax purposes. Also, make sure you obtain any necessary business licenses or permits in the state to legally operate your business. You'll want to have all these legal steps taken care of before you start selling candles. Now, it's time to officially launch your business. You will need to determine a price for your candles. According to Forbes, you'll want to aim for a 25% to 50% profit margin, so keep that in mind when you are considering how much to charge. You should create a website for your business with your contact information for customers to reach out to you. You can also sell your candles through your own website. Another way to sell is through an online marketplace like Etsy. GET FOX BUSINESS ON THE GO BY CLICKING HERE It's also a good idea to start social media channels for your business. Include high-quality pictures of your product on these channels. Social media is not only a great way to market your business, but another way you can sell your candles. During the warmer months, consider buying a booth at a local craft fair to sell your products. This is a great way to spend some time outside while also speaking directly with customers. via: https://www.foxbusiness.com/small-business/how-to-start-candle-business

Walmart promotes Pride merchandise as Target scales back following backlash

Posted by radio1n1 — Sat, 25 May 2024 21:46 GMT

Walmart promoted its new Pride apparel on social media ahead of Pride month on Saturday, writing on Instagram, "Not just a slogan. #PrideAlways is a reminder to lead with love.?" The company's promotion comes just weeks after Target said its Pride collection would only be available in "select stores" following a major backlash by conservatives last year. Target has had June Pride Month displays with rainbow and LGBTQ+ messaging for years, but the addition of products such as female-style swimsuits that can be used to "tuck" male genitalia outraged many consumers last year. The backlash was so severe that an insider told Fox News Digital at the time that some stores were told to relocate their Pride month displays to avoid sparking a "Bud Light situation." Along with Target, Bud Light faced a conservative backlash last year after featuring a transgender influencer in an ad. TARGET LOSES $9 BILLION AMID PRIDE MERCHANDISING CONTROVERSY Target also saw a sales slump following the backlash. Target CEO Brian Cornell said last year's second quarter sales downturn showed "an ever-changing operating and social environment" taught the company a lesson. At the time, FOX Business' "The Big Money Show" co-host Brian Brenberg said the backlash had a definite effect. "Clearly, the Pride month backlash by consumers had a huge effect. I mean, particularly on sales," Brenberg told Fox News Digital. Walmart's new "Pride Always" collection promo includes products like a notebook that says "beyond gender" a tote bag that says "totes gay," a fanny pack with "I heart gay people" on it and rainbow-colored products like a pool floatie and an apron. WALMART'S PRIDE MERCHANDISING UNCHANGED AS TARGET SEES BACKLASH OVER NEW ITEMS "While I was creating my collection, it was important to me for it to be positive and uplifting," Bianca of Bianca Designs said in the promo of her collection. Amid the Target backlash, Walmart told FOX Business last year it had no plans to change its LGBTQ+ merchandise. "I think we have merchandise that we sell all year that supports different groups," the company's Chief Merchandising Officer Latriece Watkins said in response to a question about the Target controversy made at the company's associate and shareholder week attended by FOX Business. "I'd say in this particular case, we haven't changed anything in our assortment." APP USERS CLICK HERE FOR POST Walmart U.S. CEO Doug McMillon told shareholders last year that the company does not "wake up in the morning wanting to go and make social and political statements," in response to a question about the company's engagement with public commentary. "We're [a] retailer," he added. "We want everybody to feel comfortable shopping with us...and we want everybody to feel comfortable and excited about working at Walmart." GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business has reached out to Walmart for comment. via: https://www.foxbusiness.com/retail/walmart-promotes-pride-merchandise-target-scales-back-following-backlash

Burger King to release $5 value meal to compete with McDonald's

Posted by radio1n1 — Sat, 25 May 2024 18:08 GMT

Fast-food chain Burger King will be debuting a new value meal ahead of schedule as competitor chains launch meal deals of their own. "We are bringing back our $5 'Your Way Meal' as agreed upon with our franchisees back in April," a spokesperson for Burger King said on Thursday, May 23. The news was first reported by Bloomberg News. NEARLY 80% OF AMERICANS NOW CONSIDER FAST FOOD A 'LUXURY' DUE TO HIGH PRICES The meal will consist of a choice of three sandwiches along with chicken nuggets, french fries, and a drink, said Burger King. It is unknown when this promotion will begin, but it is expected to remain on the menu for several months. Presently, Burger King is promoting a $6 "Birthday Meal," featuring a Whopper Jr., small fries, small drink, and a slice of "birthday pie" in celebration of its 70th anniversary. The announcement of a new meal deal comes as rival fast food chain McDonald's prepares for a limited-time offering of its own $5 meal deal. HOW IT STARTED... HOW IT'S GOING: FAST-FOOD PRICES SOAR UNDER BIDEN The McDonald's $5 meal will consist of either a McDouble or McChicken sandwich, a four-piece McNugget, medium fries, and a drink, Fox Business previously reported. The McDonald's promotion will last for four weeks at participating restaurants, beginning in late June. Burger King's "Your Way Meal" was reportedly announced ahead of schedule to better compete with McDonald's new offering, multiple outlets reported. Wendy's, another fast food chain, is also offering a limited-time combo meal, albeit only during breakfast hours. Wendy's previously offered a "Four for $4" meal that was similar to McDonald's and Burger King's upcoming $5 meals. MEMORIAL DAY COOKOUTS COST MORE THIS YEAR AS PRICE OF ONE BBQ STAPLE JUMPS A STAGGERING 50 PERCENT IN ONE YEAR Early in the year, Wendy's said it was considering "surge pricing" its menu items - charging more during busier periods. This proved to be wildly unpopular on social media, and the chain quickly backtracked, saying that there were no plans to implement these changes. Since 2019, fast food prices have increased dramatically, Fox Business previously reported. Restaurant prices as a whole have risen 22% since that time. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER This is due to a combination of factors, including increased wages and the rising cost of ingredients. GET FOX BUSINESS ON THE GO BY CLICKING HERE "Across almost all major markets, industry traffic is slowing," McDonald's CEO Chris Kempczinski told analysts in April. "We know our customers are looking for reliable everyday value now more than ever." For more Lifestyle articles, visit www.foxbusiness.com/lifestyle via: https://www.foxbusiness.com/lifestyle/burger-king-release-5-value-meal-compete-mcdonalds

Florida mansion sells for millions as the highest-priced sale ever in this swanky neighborhood

Posted by radio1n1 — Sat, 25 May 2024 08:15 GMT

A Florida home recently became the highest-priced sale in its beachfront town's history, thanks to its "coastal elegance" and much more. The roughly 4,000-square-foot beachfront home in Santa Rosa Beach, Florida, located on highway 30A, sold for $8.55 million - a sale the whole town is apparently still talking about. In the heart of WaterColor's Gulf District, this five-bedroom, six-bathroom home was completely renovated in 2018 to give it a modern comfort vibe, Fox News Digital learned. CITY IN FLORIDA CONSIDERED AMERICA'S BEST SPOT TO LIVE: WHERE DO OTHER CITIES STACK UP? Maria McKenna, a luxury real estate adviser of the Spears Group at Compass, said that she represented the buyer from Chicago and that certain elements of the home stood out. "With its distinctive blend of coastal elegance, modern comfort and unparalleled panoramic gulf views, this home stands as a true gem in WaterColor's Gulf District," she told Fox News Digital. Sitting on an over 2,500-square-foot lot, the three-story home includes a first floor with a living room, sand and laundry room and more, according to the Compass listing. MOST AFFORDABLE BEACH TOWNS OF 2023 REVEALED - AND SOME ARE NOT WHERE YOU'D THINK The first floor also includes a king suite with a private bathroom. It has an adjacent bedroom with two twin beds and an en suite bathroom, plus another room with two sets of twin bunk beds and a bathroom. Fit for up to 12 guests, the home also includes two full-sized kitchens, including a wine cooler, a range stovetop and a grill on the front balcony porch. 5 BEACH-TOWN ALTERNATIVES TO TRY INSTEAD OF THE POPULAR AND CROWDED DESTINATIONS Compass noted that the home has a private media room on the third floor near balconies that look out toward the coast. The luxury home also includes access to WaterColor's private beach and amenities, such as pools and recreational facilities. For the area in Santa Rosa Beach, McKenna said this sale really increases the housing benchmark. OCEAN GROVE, NEW JERSEY, BEACH ORDERED TO OPEN ON SUNDAY MORNINGS FOR FIRST TIME IN 155 YEARS "Its acquisition continues to push the benchmark for excellence in the Northwest Florida real estate landscape, reflecting the evolving preferences of buyers seeking unparalleled coastal living experiences," she said. She added, "It also underscores a trend of increased interest in the 30A market from major cities across the United States." CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER The 20-mile stretch of land off highway 30A between Destin and Panama, Florida, was named one of the top places to buy a beach home by Vacasa in 2023. A typical home along 30A costs about $640,000. With a cap rate of 4.6%, buyers can expect annual revenue of around $55,000 by renting it out. GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business' Breck Dumas contributed reporting. For more Lifestyle articles, visit www.foxbusiness.com/lifestyle. via: https://www.foxbusiness.com/lifestyle/florida-mansion-sells-million-highest-priced-sale-swanky-neighborhood

Billy Joel has quite a real estate footprint in New York and Florida

Posted by radio1n1 — Sat, 25 May 2024 07:31 GMT

Well-known singer Billy Joel reportedly added to his real estate footprint with the acquisition of an East Hampton, New York property. The musical artist behind songs like "Uptown Girl" and "Piano Man" owns homes in both New York and Florida, according to the New York Post and other outlets. He was raised in the former of those two states, specifically on Long Island. Joel has seen major success during his career, notching over 150 million sales of his records and receiving five Grammy awards. He turned 75 years old earlier in the month. The following are pieces of real estate reportedly linked to the highly-successful singer. FOX Business reached out to a Joel representative for comment The property in East Hampton that Joel bought in December sits on five acres of land, the New York Post reported earlier in the month. It came with both a house and a barn, a Zillow listing for the home indicated. GET FOX BUSINESS ON THE GO BY CLICKING HERE In the house, there are several thousand square feet of space, including multiple bedrooms and bathrooms. Meanwhile, the property contains plenty of features for horse-riding, according to the listing. Buying it cost Joel about $10.7 million, per the New York Post. Elsewhere on Long Island, in Sag Harbor, the "We Didn't Start the Fire" singer owns a place, according to reports. The arguably best-known piece of real estate linked to Joel in New York is the Middlesea property in Centre Island he has called his for over two decades. It spans 26 acres and borders the water on three sides, according to Sotheby's International Realty. The real estate company said in June of last year that the property's 20,000-square-foot primary house, replete with five bedrooms, "reflects its storied past, with fine architectural detailing and thoughtful ornamentation" such as cathedral ceilings. BILLY JOEL SAYS 'NOBODY' WILL WANT TO BUY HIS $49 MILLION NEW YORK ESTATE Last year, Joel attempted to sell Middlesea, asking for $49 million, and indicated during a New Year's Eve concert that he still wants to offload it after finishing some work on it, per Page Six. He reportedly said in jest that he was "gonna spend a little more time in Florida like old Jewish guys from Long Island" while still having a presence in New York. In South Florida, a massive Mediterranean-style home belongs to Joel but is currently up for sale, according to the New York Post. The property is located in Palm Beach County's Manalapan. Its price, currently $49.9 million, has reportedly gone down since its listing in February. A theater room, pub room, library and wine cellar are among the amenities found in the over 13,000-square-foot home, per its listing. CLICK HERE TO READ MORE ON FOX BUSINESS Local media outlets like the Palm Beach Post reported in February that an acquisition of a luxurious mansion further south in Boca Raton may be linked to Joel. Homes in Palm Beach County had median asking prices of $525,000 in April, according to Realtor.com. For sale prices, the median was $505,000. Stephanie Nolasco contributed to this report. via: https://www.foxbusiness.com/lifestyle/billy-joel-quite-real-estate-footprint-new-york-florida

BARK Air completes its first cross-country dog flight with tickets costing $6,000 for pet and owner

Posted by radio1n1 — Fri, 24 May 2024 20:35 GMT

Air travel has gone to the dogs. Literally. BARK, the company that makes BarkBoxes, completed its first-ever BARK Air "white paw experience" flight from Westchester County Airport outside of New York City to Los Angeles' Van Nuys airport on Thursday with a number of breeds and their people on board. The company said the flight was 10 years in the making, "but we are finally confident that we can provide all dogs with the air travel experience they deserve: one that puts them first. We could not be more excited to finally be able to welcome your dog (and you) on board." Katharine Enos, BARK's Chief of Staff told FOX Business the inaugural flight was a "great success." NEW YORK FIREFIGHTER ADOPTS PUPPY HE HELPED RESCUE AFTER SHE WAS HIT BY A CAR: 'I'D LOVE TO TAKE HER' "There were a mix of breeds onboard including chihuahuas, a golden retriever and dachshunds," she continued. "Happy to report there was no dog drama, some dogs played in the aisle while the smaller dogs took nice long naps. All dogs snacked on BARK cereal treats for dogs, dog-friendly cupcakes, chicken flavored puppuccinos and doggie champagne (chicken broth). The humans onboard all got along as well and felt connected in their shared obsession with their dogs." The tickets for the flight cost $6,000, and included one dog and its owner. "Right now, at an altitude of 30,000 feet, there is a flight filled with dogs," the company wrote on Instagram Thursday commemorating the first flight. "Unlike any flight before it, these dogs are not merely an afterthought, nor are they treated as cargo or a burden to the crew and fellow travelers. Here, dogs are the foremost priority. Every single detail of this flight experience has been crafted with a 'dogs-first' mindset." One person commented on the post: "I went through so much to travel with my dog in the cabin. I couldn't let him go in cargo; he is not an object. Airlines lose suitcases all the time, and dogs are members of our families. They shouldn't travel as objects. I'm so happy to see the industry changing with this airline." An influencer named "herboozytails" said she was "HONORED" to have been on the first flight, "and we can't wait to share the BARK Air experience with everyone!" PET FOOD COMPANY TO PAY CAT LOVER $10K TO CUDDLE WITH KITTENS, RAISE SUPPORT FOR ADOPTION SHELTERS BARK CEO Matt Meeker told Reuters he thought of BARK Air because he struggled to travel with his Great Dane Hugo. "I was unable to travel with him long distances and had the idea that there should be an airline that caters to dogs," he revealed. "We cater everything to the dog, trying to lower their anxiety and their stress, so they have the most comfortable, fear-free experience on an airplane." The "white paw experience" starts even before getting on the plane. Passengers and their furry friends are greeted with a quick check-in in a lounge filled with dog treats. Pre-flight involves no crates, TSA checkpoints or screening. The company, which will also fly to London along with New York and Los Angeles, says it expects to have around 10 dogs and 15 people on each flight. An "Argus Platinum-rated charter company is responsible for all aircraft, crew, maintenance, and insurance-related matter," BARK previously said. A BARK Air spokeswoman says they have partnered with charter company Talon Air, which will be handling the flights. CLICK HERE TO READ MORE ON FOX BUSINESS London flights cost $8,000, but the company expects the cost to go down in the future. BARK Air is also considering adding flights to Paris, Milan, Chicago, Seattle, Florida and Arizona. via: https://www.foxbusiness.com/lifestyle/bark-air-completes-first-cross-country-dog-flight-tickets-costing-6000-pet-owner

LARRY KUDLOW: Donald Trump's Bronx speech was powerful

Posted by radio1n1 — Fri, 24 May 2024 16:49 GMT

Donald Trump's powerful speech last night in the Bronx was a message to Americans of all colors and that's the subject of the riff. Donald Trump spoke to a crowd of ten or twenty thousand people last night at Crotona Park in the South Bronx. Here's the key point: they were primarily People of Color. A most unusual Republican rally, in a most unusual place, with a most unusual crowd for a Republican rally in a most unusual place. Take a listen to what Donald Trump said about this unusual story: DONALD TRUMP: "It doesn't matter whether you're Black, or Brown, or White or whatever the hell color you are, it doesn't matter. We are all Americans and we're going to pull together as Americans." Right there, that is the sociology about that crowd and it is a shot across the bow of Joe Biden and the Democratic Party nationwide. New York Governor Kathy Hochul is one of the very many Democrats who don't understand what's going on in Trump world. She said Donald Trump is inviting "all his clowns to a place like the Bronx." Hochul's one of many Democrats who don't understand the Trump coalition of working folks of all colors that is busting up the traditional Democratic Party. NEARLY 80% OF AMERICANS NOW CONSIDER FAST FOOD A 'LUXURY' DUE TO HIGH PRICES What's their beef? High inflation. Falling real wages. A wide-open southern border -- where roughly 10 million illegal Biden immigrants have taken jobs from native Americans and slashed wages for ordinary homegrown working folks who show up every day, do their jobs, pay their taxes and now realize Biden policies have mangled the American dream. Unlike Joe Biden, Donald Trump has a positive vision of the future. Hear it for yourself: DONALD TRUMP: "We're going to throw out Bidenomics, then going to replace it with MAGAnomics - like your hats. // I will give you low taxes, low inflation, low interest rates, rising wages, growing incomes and fair trade for the American worker and we will make energy affordable again by saying, 'Drill, baby, drill. Drill, baby, drill'." Last weekend, Joe Biden gave a speech about fear, racism, Jim Crow, and victimization to a graduating class at Morehouse College in Atlanta, GA-- one of America's best schools whose graduates typically earn far more starting salaries than the national average. Did Biden talk about hope? No. Did he talk about opportunity? No. Did he talk about the American dream? No. He gave a typical, far-left, racialized, fearmongering, condescending statement that basically said to this historical Black men's college: "You're not going to succeed." Just pathetic! Trump is the exact opposite. He offers hope, opportunity, a dream of what the future should look like, and, yes, MAGA -- Make America Great Again. He offers a series of serious policy changes. It is a truly optimistic and Reaganesque message. Additionally, Mr. Trump spent part of his Bronx speech talking about his career as a construction worker and real estate developer. Let's not forget, he practically rebuilt the Manhattan skyline. In his own words, take a listen: DONALD TRUMP: "The Wolman Rink in the middle of Central Park. You know that story that had been under construction for more than ten years? // As you know, the rink was completed in just three months for far less than the $2 million project. // I built the Grand Hyatt Hotel and 42nd Street in Park Avenue and as part of that, I renovated the beautiful Grand Central Terminal. Did a really good job of that." Trump was after all a very successful businessman with a background of accomplishment and success, and he will undoubtedly bring like-minded people into his new administration if re-elected. The New York Post editorial page put it thus: "Our advice to Trump: Do this more! Your business background was part of what appealed to voters in 2016." Couldn't have said it better myself. It is all part of Donald Trump's amazing Bronx Tale. via: https://www.foxbusiness.com/media/larry-kudlow-donald-trumps-bronx-speech-powerful

Housing prices hit another record high as affordability crisis deepens

Posted by radio1n1 — Fri, 24 May 2024 09:49 GMT

The cost of buying a new house just hit a fresh record even as mortgage rates pulled back from a five-month high, according to a new report. Findings from Redfin show the median U.S. home sale price soared to $387,600 during the four weeks ended May 19 - a 4% increase from a year earlier. The monthly mortgage payment at that price, when accounting for the 7.02% median interest rate for a 30-year mortgage, is now $2,854. That is roughly $20 shy of April's record thanks to a slight drop in mortgage rates. "Elevated mortgage rates and high home prices have been keeping some buyers on the sidelines this spring," said Lisa Sturtevant, Bright MLS chief economist. "First-time homebuyers are having the hardest time." MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOU There are a number of driving forces behind the affordability crisis. Years of underbuilding fueled a shortage of homes in the country, a problem that was later exacerbated by the rapid rise in mortgage rates and expensive construction materials. Higher mortgage rates over the past three years have also created a "golden handcuff" effect in the housing market. Sellers who locked in a record-low mortgage rate of 3% or less during the pandemic began have been reluctant to sell, limiting supply further and leaving few options for eager would-be buyers. WHY CAN'T YOU FIND A HOME FOR SALE? Economists predict that mortgage rates will remain elevated for most of 2024 and that they will only begin to fall once the Federal Reserve starts cutting rates. Even then, rates are unlikely to return to the lows seen during the pandemic, with investors predicting just one or two rate reductions this year. "Move-up buyers feel stuck because they're ready for their next house, but it just doesn't make financial sense to sell with current interest rates so high," said Sam Brinton, a Redfin Premier agent in Utah. Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year loan this week dipped slightly to 6.94%. While that is down from a peak of 7.79% in the fall, it remains sharply higher than the pandemic-era lows of just 3%. GET FOX BUSINESS ON THE GO BY CLICKING HERE Available home supply remains down a stunning 34.3% from the typical amount before the COVID-19 pandemic began in early 2020, according to a separate report published by Realtor.com. Most homeowners say they are nearly twice as willing to sell their home if their mortgage rate is 5% or higher, according to a Zillow survey. Currently, about 80% of mortgage holders have a rate below 5%. via: https://www.foxbusiness.com/economy/housing-prices-hit-another-record-high-affordability-crisis-deepens

Over 100 sickened in salmonella outbreaks tied to backyard poultry

Posted by radio1n1 — Fri, 24 May 2024 08:52 GMT

More than 100 people have been sickened by salmonella outbreaks tied to backyard poultry, according to federal health officials. The Centers for Disease Control and Prevention (CDC) and other public health officials have been investigating several multistate outbreaks of salmonella Altona, Indiana, Infantis, Mbandaka, and Typhimurium infections. As of May 16, 109 people from 29 states were infected with one of the outbreak strains, but the CDC said the true number of sick people "is likely much higher than the number reported." OVER 70 SICKENED IN MULTI-STATE SALMONELLA OUTBREAK TIED TO ONIONS Of the 82 people with information available, about 40%, or 33 people, have been hospitalized. No deaths have been reported to date, according to the CDC. The data collected by health officials shows that backyard poultry is making people sick. However, officials have not identified a common supplier tied to all the outbreaks. Poultry, both chickens and ducks, can carry salmonella germs, which can "easily spread to anything in the areas where the poultry live and roam," the CDC said. 3 HOSPITALIZED AMID OUTBREAK OF SALMONELLA INFECTIONS TIED TO FLOUR About 67% of the people with information available reported to health officials that they bought or received poultry before getting sick. The poultry was purchased from multiple retail stores, and directly from a hatchery. GET FOX BUSINESS ON THE GO BY CLICKING HERE Healthy individuals who become infected with salmonella can have symptoms such as diarrhea, fever and stomach cramps, and these symptoms usually last from six hours to six days after consuming the bacteria. However, children under 5 years old, adults over 65 and people with weakened immune systems "may experience more severe illnesses that require medical treatment or hospitalization," the CDC said. via: https://www.foxbusiness.com/lifestyle/over-100-sickened-salmonella-outbreaks-tied-backyard-poultry

Elvis Presley's Bible found on nightstand after he died is up for auction

Posted by radio1n1 — Thu, 23 May 2024 18:03 GMT

Items owned by the late Elvis Presley will hit the auction block on Saturday. The personalized Bible found on Presley's nightstand after he died is among the items available from Kruse GWS Auctions. A note from Presley's cousin, Patsy, which confirms how the Bible was found, comes with the item. "Shortly after Elvis' passing my uncle Vernon (Elvis' dad) and I went up into Elvis' bedroom at Graceland to organize and pack many of his personal belongings," the note said. "This Holy Bible was one of three that Elvis had on his night table. After packing them Uncle Vernon had me take them home for safe keeping and eventually gave them to me." Presley died of a heart attack on Aug. 16, 1977. AUCTION FOR ELVIS PRESLEY'S GRACELAND MANSION WITHDRAWN AFTER JUDGE BLOCKS SALE BECAUSE OF FRAUD ALLEGATIONS The Bible up for auction features the musician's full name, Elvis Aaron Presley, embossed in gold. Presley seemingly highlighted portions of scripture that spoke to him, including a passage from the book of Job: "If I have made gold my hope, or have said to the fine gold, Thou art my confidence; If I rejoiced because my wealth was great, and because mine hand has gotten much; If I beheld the sun when it shined, or the moon walking in brightness." Before his shows, Presley would read the Bible and pray to help calm his nerves. Other items up for auction include jewelry, his Army uniform, sunglasses and a signed chair. The Army uniform has Presley's name and sleeve patches. The "Hound Dog" singer served from 1958 to 1960. LIKE WHAT YOU'RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWS Presley's faith was well known during his lifetime. The singer's stepbrother Billy Stanley recalled the "Burning Love" singer being "in touch with the Lord." "A lot of people don't realize that after every show, he would unwind by singing gospel songs until the sun came up," Stanley told Fox News Digital. "He was in touch with the Lord. A lot of people said, 'Well, he did this and that.' [But] we all fall short. We're all human." "As Christians, most of us live under a magnifying glass," he added. "Well, Elvis lived under a microscope because he was a big star. It was tough. But the way I like to put it is... [he] had the devil on one shoulder and God on the other. And there was a constant battle going on in his head." CLICK HERE TO READ MORE ON FOX BUSINESS The auction of Presley's items comes days after a judge halted the auction of Graceland, the singer's historic Memphis, Tennessee, home. Naussany Investments & Private Lending was set to put the home up for auction after claiming Lisa Marie Presley never paid off a $3.8 million loan before her death. Lisa Marie had used Graceland as collateral, according to the investment group. However, Lisa Marie's daughter sued the company, alleging the loan never existed. Naussany Investments & Private Lending chose to withdraw the plans completely following the injunction. "As the court has now made clear, there was no validity to the claims," a statement released by Elvis Presley Enterprises, Inc. read. "There will be no foreclosure. Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have the best in class experience when visiting his iconic home." GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/entertainment/elvis-presleys-bible-found-nightstand-after-died-up-auction

LARRY KUDLOW: Both Reagan and Trump pledged to make America strong again at home and abroad

Posted by radio1n1 — Thu, 23 May 2024 17:52 GMT

In the summer of 1980, candidate Ronald Reagan went to the South Bronx to campaign. Guess where? It was only two blocks from Crotona Park, where Donald Trump is scheduled to rally tonight. Reagan criticized the hapless Jimmy Carter for failing to revitalize urban areas, comparing the South Bronx to London after World War II. Donald Trump has also said many times in his campaign against Joe Biden that, if elected president again, he intends to revitalize the cities through enterprise zones, lower taxes, liberating small, minority-owned businesses from the Biden burdens of regulatory red tape, a new era of law and order - including closing the catastrophic Biden illegal immigration - and backing school choice. Reagan, back in that summer of 1980, blasted Carter for hyper-inflation and promised to deregulate oil prices and slash tax rates. He did, oil crashed, and the economy soared! Trump will be blasting Biden tonight over high inflation and has promised to restore "drill, baby, drill" in order to bring down high energy prices and conquer inflation. Both Reagan and Trump pledged to make America strong again at home and abroad. Mr. Reagan carried New York by 3 percentage points in his 44-state landslide in 1980, and in 1984 carried New York by 9 points in his 49-state uber-landslide. I have no idea if Mr. Trump can carry New York. But I do know that he's only down 9 points in a recent poll compared to a 23-point loss back in 2020. And I also know that Mr. Trump's rally in the South Bronx tonight is sending a message nationwide. CLICK HERE TO GET THE FOX BUSINESS APP It's a shot across the country that his working-men's coalition, based on the economy, crime and immigration, is going to be making huge inroads into the Biden Democrats' old-time minority coalition - just like Reagan did. via: https://www.foxbusiness.com/media/larry-kudlow-both-reagan-trump-pledged-make-america-strong-again-home-abroad

DOJ sues Live Nation and Ticketmaster, alleging 'monopolistic control' over live events business

Posted by radio1n1 — Thu, 23 May 2024 09:30 GMT

Attorney General Merrick Garland is vowing that it is "time to break up Live Nation" as the Justice Department is suing the company and its subsidiary Ticketmaster for "monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry." The Justice Department announced Thursday that it and 30 state and district attorneys general have filed a civil antitrust lawsuit in the U.S. District Court for the Southern District of New York. "We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators," Garland said in a statement. "The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation." Live Nation and Ticketmaster did not immediately respond Thursday to requests for comment from FOX Business. TAYLOR SWIFT LIFTS DEMAND ON AIRLINE TICKETS TO EUROPE The Justice Department says exclusionary practices carried out by Live Nation and Ticketmaster protect what it refers to as its "flywheel." "The flywheel is Live Nation-Ticketmaster's self-reinforcing business model that captures fees and revenue from concert fans and sponsorship, uses that revenue to lock up artists to exclusive promotion deals, and then uses its powerful cache of live content to sign venues into long term exclusive ticketing deals, thereby starting the cycle all over again," the Justice Department said in a statement. Prosecutors allege in one instance, "Live Nation-Ticketmaster successfully threatened financial retaliation against a firm unless it stopped one of its subsidiaries from competing to gain a foothold in the U.S. concert promotions market." DIDDY MUSIC 'PAUSED' ON PELOTON PLATFORM AFTER MEMBER BACKLASH They also say "Live Nation-Ticketmaster locks concert venues into long-term exclusive contracts so that venues cannot consider or choose rival ticketers or switch to better or more cost-effective ticketing technology. "Live Nation-Ticketmaster has increasingly gained control of key venues, including amphitheaters, through acquisitions, partnerships, and agreements," the Justice Department adds. "Live Nation-Ticketmaster restricts artists' use of those venues unless those artists also agree to use their promotion services." CLICK HERE TO READ MORE ON FOX BUSINESS Prosecutors say the lawsuit ultimately "includes a request for structural relief, seeks to restore competition in the live concert industry, provide better choices at lower prices for fans, and open venue doors for working musicians and other performance artists." via: https://www.foxbusiness.com/politics/doj-sues-live-nation-ticketmaster-alleging-monopolistic-control-live-events-business

New York airport workers who refuel planes have planned Memorial Day weekend walkout

Posted by radio1n1 — Thu, 23 May 2024 09:02 GMT

Passengers waiting to take off from New York's John F. Kennedy International Airport this holiday weekend may have longer to wait until liftoff, as plane refueling workers are planning a strike to begin Friday. Teamsters Local 553, which represents commercial and cargo jet fuel workers and mechanics at JFK, is in disagreement with the company that services airplanes there, Allied Aviation Services, Fox News has confirmed. The New York Post first reported the planned walkout. The union, which previously went on strike in 2005, said in a press release it has been working without a collective bargaining agreement for nearly a year. "Allied Aviation has not been negotiating in good faith since they are conditioning any new contract on our forfeiting our right to strike and fight for our members in the future. That is simply a non-starter for us," Teamsters Local 553 secretary-treasurer Demos Demopolos said in a statement. "We will never give up the right to strike and fight for our members, a right granted to us by the National Labor Relations Act." WALMART CUTTING HUNDREDS OF CORPORATE JOBS, ASKING REMOTE WORKERS TO RETURN TO OFFICE: MEMO A key disagreement is whether the National Labor Relations Board or the National Mediation Board has jurisdiction over their contract disputes, as the NLRB offers the union more protections, the Post reported. "This has been a coordinated effort by Allied at airports across the country, to have unions give up on this jurisdiction issue," Demopolos said. "They are trying to get other unions to give up their rights in exchange for a contract. They might have succeeded in some cities, but they failed against us at Newark, and they will fail again here at JFK." BARK AIR LAUNCHING THIS MONTH, OFFERING COSTLY 'WHITE PAW EXPERIENCE' FOR DOGS AND THEIR OWNERS Allied is the only fuel provider at JFK, the union said, making it the only company airlines can use there for services including receiving, delivering, storing, and testing fuel. "Quality control of product from receipt to delivery, electronic inventory management, fuel system maintenance, environmental compliance and into-plane fueling are a comprehensive package which Allied proudly provides to more than 120 airlines and customers that use JFK International Airport," Allied's website about its history at JFK states. The general manager for Allied Services at JFK Airport did not immediately respond to a FOX Business request for comment. The Post reported that during the last strike, Allied used management personnel to refuel planes. CLICK HERE TO READ MORE ON FOX BUSINESS On Wednesday, the Port Authority of New York and New Jersey, which manages JFK, put out a press release stating about 6.4 million travelers are expected to use its airports and vehicular crossings from May 23 to May 28, marking a potential record for the Memorial Day travel period. "We will work closely with our airport partners to minimize any disruptions over this busy holiday travel weekend," Port Authority spokesman Seth Stein said in an email to FOX Business, adding that they "have no involvement in negotiations between our contractor and their unionized staff." via: https://www.foxbusiness.com/fox-news-economy/new-york-airport-workers-who-refuel-planes-have-planned-memorial-day-weekend-walkout-report

MSNBC's Ruhle wants 'economic explainer' to tell 'confused' Americans they're 'doing quite well'

Posted by radio1n1 — Wed, 22 May 2024 19:00 GMT

MSNBC host Stephanie Ruhle called upon the president of Chicago's Federal Reserve to tell viewers that they are economically far better off than they think. "We need an economic explainer," the MSNBC host said. "People are confused, they're exhausted, but they're also doing quite well." Ruhle, who hosts MSNBC's "The Eleventh Hour," had been discussing a recent Federal Reserve report that "shows people are still struggling to cover day-to-day expenses, even as inflation has slowed." She noted how some major brands are responding by enticing consumers with slashed prices, "Target says it is cutting prices on 5,000 essential items, things like milk, butter, pet food. Wendy's is now offering a $3 breakfast deal. And rivals like McDonald's are offering new lower-priced value meals." She enlisted Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago, to tell her viewers about the current state of the economy, noting to Goolsbee, "Lots of things that were not considered luxuries before now are, because things have gotten expensive. However, we have more purchasing power today than we did in 2019. What's going on with the American consumer psyche?" BIDEN CLAIMS INFLATION WAS 9% WHEN HE TOOK OFFICE - IT WAS 1.4% "There's never a bigger difference between the vibes and the actual numbers than we're facing right now, and I don't think we totally understand that," Goolsbee said. "Maybe it's rooted in a little bit if you ask people 'How is your personal situation?' and they say 'Pretty good,' 'How is the national economy?' They don't like it at all. I think a lot of it comes from inflation being very unpopular and there is a bit of a lag behind conditions." The president of Chicago's Federal Reserve Bank continued, saying the whole situation has "kinda got these cross-currents going, there's some things that are very strong in the economy, there's some things that are very aggravating in the economy, and that melts into a little bit of this vibe situation where people are more upset than what you would think they would be when the unemployment rate is low and the economy is growing." CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE When asked, Goolsbee said that he feels "good" about major consumer brands slashing prices. "You've had inflation that got too high in the U.S. and in other countries around the world," he said. "Incomes didn't keep up with that, now inflation has slowed in 2023, actually quite a lot. Inflation came down almost as much as it has ever come down, and we didn't have a recession while that was happening, which was quite unusual. But prices are still higher than what they were before, and so you see people complaining about that." He elaborated further, "Food inflation is more volatile, it's more up-and-down than other inflation, so in a way it's good to see, and I'm not surprised to see that you're seeing a little deflation on the food side. Because that got way up before in the years previous to [2023] as well." High inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. Grocery prices are up more than 21% from the start of 2021, while shelter costs are up 18.37%, according to FOX Business calculations. Energy prices, meanwhile, are up 38.4.%. FOX Business' Megan Henney contributed to this report. via: https://www.foxbusiness.com/media/msnbcs-ruhle-wants-economic-explainer-tell-confused-americans-doing-well

'Sheer terror': Passengers on Singapore Airlines flight describe nightmare after plane hit 'severe t

Posted by radio1n1 — Wed, 22 May 2024 18:34 GMT

Passengers onboard a Singapore Airlines aircraft that encountered "severe turbulence" described the "sheer terror" during the critical moments when the Boeing jet was left "shuddering." The aircraft, which had 211 passengers and 18 crew onboard, was heading from London to Singapore when it encountered "severe turbulence," which left one passenger dead and 104 passengers needing medical attention. Ali Bukhari, who was a passenger on the flight and was returning for his honeymoon with his bride, said that the severe turbulence was "traumatic." "It was a very traumatic experience, it's hard to describe in words - no one expects that really," he told Australia's TV Channel 9. VIDEO SHOWS SINGAPORE AIRLINES CABIN IN DISARRAY AFTER 'SEVERE TURBULENCE' LEAVES 1 DEAD Passenger Beverley Mayers described the "sheer terror" as Singapore Airlines Flight SQ321 plunged nearly 6,000-foot descent in about three minutes. "The whole plane was shuddering ... great pieces were falling off and dropping on the floor, people getting hit in the head," she told Australia's TV Channel 9 on arrival at Sydney airport. Mayers said that she thought that the plane was going to split in half. "I think we all thought the plane was going to fall apart, I thought it was going to go in halves here," she told the Australian outlet. "When they got us off the plane, there were a few of the staff who'd been injured - there'd been broken crockery - their faces were really covered in blood. It was awful." Josh Silverstone, 24, told the Associated Press that it could have been "way worse," sharing that when the plane safely touched down he could not stop vomiting. AIR INDIA EXPRESS PLANE CATCHES FIRE, FORCING EMERGENCY LANDING AT BANGALORE AIRPORT "I arrived back in the airport and I couldn't stop vomiting," he said. "I couldn't walk, it was pretty bad." Weather forecasting service AccuWeather said satellite and lightning data showed "explosive thunderstorms" developing close to the flight path. Developing thunderstorms can leave pilots with little time to react, the weather service said. SINGAPORE AIRLINES PASSENGER DEAD AFTER BOEING JET HITS 'SEVERE TURBULENCE' Sara Nelson, international president of the Association of Flight Attendants-CWA representing over 50,000 at 20 airlines, told Reuters that initial reports seemed to indicate clear-air turbulence. Clear-air turbulence cannot be seen and is virtually undetectable with current technology, making it all the more important for passengers to wear seatbelts whenever seated, Nelson told Reuters. "It is a matter of life and death," Nelson said. Singapore Airlines said Wednesday that 74 passengers and six crew members remain in Bangkok, which includes "those receiving medical care, as well as their family members and loved ones who were on the flight." The rest have made it to Singapore after getting onto another plane. "On behalf of the Singapore Airlines Board, I extend my deepest condolences to the family and loved ones of our passenger who passed away on 21 May 2024 in the SQ321 incident," Singapore Airlines Chairman Peter Seah said. "I assure all passengers and crew members who were on board the aircraft that we are committed to supporting them during this difficult time." A hospital where the injured have been taken in Bangkok told The Associated Press on Wednesday that 20 people from the flight are being treated in its intensive care unit, while 104 overall have received medical care. The last fatal accident involving a Singapore Airlines plane was in 2000, when 83 died in Singapore after an aircraft crashed shortly following takeoff, the Aviation Safety Network says. CLICK HERE TO READ MORE ON FOX BUSINESS Singapore Airlines did not immediately respond Wednesday to a request for comment from Fox News Digital. Fox News Digital's Greg Norman and Reuters contributed to this report. via: https://www.foxbusiness.com/economy/sheer-terror-passengers-singapore-airlines-flight-describe-nightmare-after-plane-hit-severe-turbulence

These are the flight routes with the most turbulence

Posted by radio1n1 — Wed, 22 May 2024 09:49 GMT

The recent incident involving a Singapore Airlines flight that had to make an emergency landing in Bangkok on Tuesday following "severe turbulence" has sparked heightened awareness around the dangers of turbulence and areas where passengers are likely to experience it. The Boeing 777-300ER jet was heading from London to Singapore with 211 passengers and 18 crew onboard when it "encountered severe turbulence en-route" over Burma. One person died and 30 were injured. Weather.gov describes turbulence as "one of the most unpredictable of all the weather phenomena that are of significance to pilots." SINGAPORE AIRLINES PASSENGER DEAD AFTER BOEING JET HITS 'SEVERE TURBULENCE' According to the Federal Aviation Administration (FAA), turbulence is created by atmospheric pressure, jet streams, air around mountains, cold or warm weather fronts or thunderstorms. It could be "as insignificant as a few annoying bumps" but it can also "momentarily throw an airplane out of control or to cause structural damage," according to Weather.gov. During the Singapore Airlines incident, flight tracking data from the website FlightAware shows the aircraft quickly lost several thousand feet of altitude after traveling at 37,000 feet. Turbli analyzed 150,000 routes and ranked those with active airline routes as of December 2023. The most turbulent flight was the route from Santiago in Chile to Santa Cruz in Bolivia, according to the data. Meanwhile, the second most turbulent route was determined to be between Almaty, Kazakhstan, and Bishkek, Kyrgyzstan, followed by Lanzhou, the capital city of northwest China's Gansu province, and Chengdu, the capital of southwestern China's Sichuan province. AIR INDIA EXPRESS PLANE ENGINE CATCHES FIRE, FORCING EMERGENCY LANDING AT BANGALORE AIRPORT Flights leaving Tokyo and Seoul and heading to areas in Nepal, Bangladesh and India are among the top five long haul routes that experience the most turbulence, according to the Turbli database. 1. Nashville, Tennessee, to Raleigh/Durham, North Carolina 2. Charlotte, North Carolina, to Pittsburgh, Pennsylvania 3. Denver to Puerto Vallarta, Mexico 4. New York (JFK) to Raleigh/Durham, North Carolina 5. Warwick, Rhode Island, to Syracuse, New York 6. Atlanta to Northern Virginia GET FOX BUSINESS ON THE GO BY CLICKING HERE 7. Pittsburgh, Pennsylvania, to Raleigh/Durham, North Carolina 8. New York (LaGuardia) to Portland, Maine 9. Boston to Syracuse, New York 10. Boston to Philadelphia FOX Business' Greg Norman contributed to this report. via: https://www.foxbusiness.com/lifestyle/flights-routes-most-turbulence

Retirees forced to return to work as inflation eats into savings: 'It's just not enough'

Posted by radio1n1 — Wed, 22 May 2024 09:24 GMT

A wave of America's retirees are dusting off their resumes and stepping back into the workforce, seeking financial stability as inflation changes the trajectory of their golden years. "I've been back to work twice already, but now with watching the grandchildren, trying to help out the younger generation, I've had to look for work that can work with my schedule and work with the schedule that I do with the kids," Joyce Fleming, a retired nurse who was pushed back into employment, told "Fox & Friends" on Wednesday. Fleming has considered opening a daycare in her own home so she could make money while watching her grandchildren, but that would more than likely require full-time status. HIGH INFLATION IS CHANGING THE WAY AMERICANS RETIRE "I guess I'll find a way," she said when asked about balancing family and work. "But the economy right now, with the cost of things, it almost mandates that you [go back to work]. I have made a budget plan prior to my retirement, but I'm still struggling to keep that budget on target." Retired police officer Greg Piazza went back to work as a full-time groundskeeper to help mitigate the pressures of inflation. His wife, a retired teacher, is now tutoring. HIGH INFLATION IS STILL A BURDEN TO AMERICANS - ESPECIALLY PARENTS, FED SURVEY SHOWS "Law enforcement has a very good pension. I feel very blessed, and I appreciate that very much," he told Fox News' Ainsley Earhardt. "But it just goes to show you that, even for us so-called retired folks, it's just not enough under today's current economy, and I went back to work full-time to assist us." Piazza needed health insurance for his wife and daughter in addition to additional funds to cover staggering living expenses, including rising costs for gas, groceries, utilities and car insurance. He blamed the Biden economy for the hardship. INFLATION INCREASES 3.4% IN APRIL AS PRICES REMAIN ELEVATED "When they say that the average American has [experienced] a [cost of living] increase of about $10,000 to $12,000 a year under Joe Biden, that is absolutely factual. I did the math myself," he said. "My car insurance has gone up $300 a month since I moved [to Florida]," he continued. "The gasoline went from $2 a gallon to $3.50 a gallon right now. You talk about utilities... electric and all the other stuff, it absolutely has increased ten to twelve thousand dollars a year." The Consumer Price Index rose 3.4% last month, slightly down from March's 3.5% reading, but the report also showed prices are 19.4% higher today than when President Biden took office in 2021. Grocery prices are up more than 21% from the start of 2021, while shelter costs are up 18.37%, according to FOX Business calculations. Energy prices, meanwhile, are up 38.4.%. GET FOX BUSINESS ON THE GO BY CLICKING HERE "The inflation costs are just unbelievable," Fleming said. "Even when you own a home and you go to do repairs, those kinds of things, every cost [has increased]. It's not just food and cost of living types of things. It's trying to keep your home going. If you try to get even a plumber, an electrician to come in, the costs have doubled." The Fed's Economic Well-Being of U.S. Households report for 2023 showed that inflation made financial lives "worse" for approximately 65% of U.S. adults. 19% of those respondents described their financial situation as "much worse" due to higher prices. FOX Business' Megan Henney contributed to this report. via: https://www.foxbusiness.com/media/retirees-forced-return-work-inflation-eats-savings-not-enough

Exclusive: CEO of Bass Pro Shop reveals nature-based amphitheater, Morgan Wallen to perform at grand

Posted by radio1n1 — Tue, 21 May 2024 19:38 GMT

EXCLUSIVE: The founder of Bass Pro Shops is reveling in the opening of Thunder Ridge Nature Arena this week - an outdoor amphitheater sitting on 1,200 acres of Table Rock Lake and overlooking Boston Mountains of Arkansas, following a decade of planning and development. Johnny Morris, CEO of Bass Pro Shops and native to Missouri, was set to kick off the unveiling of the venue in the Ozarks with a pre-grand opening, "Concert for Conservation," on Tuesday night, where all proceeds will benefit conservation. The show was postponed due to weather. The grand opening is slated for Saturday evening and with country artist and "I Had Some Help" singer, Morgan Wallen. "You look out and see nothing but nature," Morris told FOX Business during a video interview. "Hopefully, because it's like a preserve, people will come here 100 years from now, 200 years from now, they're going to see the same thing, and that's just beautiful nature." JOHNNY MORRIS, FOUNDER AND CEO OF BASS PRO SHOPS, ON AFFORDABILITY AMID INFLATION Thunder Ridge was born as part of the Johnny Morris Conservation Foundation, a not-for-profit effort dedicated to preserving the Ozarks for future generations. Morris contracted local craftsmen, artists and specialized teams, as well as companies like ASM Global and Live Nation, among others, to execute the day-to-day operations of the outdoor musical venue that holds 18,000-20,000 guests in Ridgedale, a few miles outside of Branson. Over the last 60 days, Morris said a unified band of 500 people were employed to prepare for opening celebrations, which included food tastings he unluckily missed. "My wife, daughter, a lot of team members were around for a tasting," he said. "I missed it and I just hate that I did because I heard nothing but rave reviews, nothing but good things about the food. I know there's a lot of local folks involved in the food." The venue offers a bold menu of culinary creations crafted by award-winning local chefs, including bison burgers, an assortment of classic BBQ favorites, caramel cheddar popcorn, bacon-crusted pork tenderloin, and Johnny Morris' cold sausage platter of elk, wild boar and venison. BASS PRO SHOPS DOUBLES DOWN WITH SUPER BOWL AND DAYTONA 500 AD "It's been amazing to see," Morris said. "It's been day after day to get prepared for this evening and the nights ahead and days ahead." The parking lot, which Morris says is purposely hidden away from concertgoers' eyesight, is equipped with a tram that will take guests along a heavily forested oasis to the arena entrance. In regard to lodging, Morris was inspired by the exterior of well-structured towers to build a four-story, 120-foot tall building which includes accommodation for 10 guests. The "Veterans Tower" was named to honor Morris' father and WWII Army veteran, John A. Morris. "To me, as we're coming up on Memorial Day here soon, we can never do enough to thank our veterans or military, the people who protect our freedoms," Morris said. "There's just no way we can ever do enough, so this tower is just kind of a salute." A custom motif of Old Glory fills a wall, among other nods influenced by U.S. servicemen and women. "Memorial weekend, we're going to invite just veterans only to spend some time in that tower," Morris said. 10 OF THE BEST DISCOVERIES ACROSS THE 'SHOW-ME STATE' OF MISSOURI He added that Bass Pro Shops proudly employs 3,000 military veterans across store locations. "We're proud to salute our veterans and military," he said. While overlooking the amphitheater from high in the patriotic dwelling, guests are met with rich panoramic views of Table Rock Lake and the rolling hills of the Ozark Mountains. In addition to Veterans Tower, a luxury box notable for VIPs, called "The Nature Tower", rises 12 stories and features unobstructed views of the stage and the Ozarks. "It's an attraction in itself," Morris said of the ergonomic design. "Hopefully, just for people to come from the region and enjoy great entertainment." Country stars are booked for the Thunder Ridge Iron Horse stage, including Wallen on May 25, Chris Stapleton on June 13 and Luke Bryan on July 27. Imagine Dragons is also anticipated this summer. Ahead of its opening amid construction, Garth Brooks performed during a special preview of the landscape. CLICK HERE TO READ MORE ON FOX BUSINESS Thunder Ridge has hosted 4-H youth events and has plans for outdoor activities and competitions, trade shows, horse shows and more. Morris says he's relying on professionals at Thunder Ridge to keep guests safe and that "no expense" is spared to ensure an uninterrupted experience for tourists celebrating conservation the way he intended. "This is my home," Morris said. "I can never wait to get back home." via: https://www.foxbusiness.com/fox-news-travel/ceo-bass-pro-shops-reveals-nature-based-amphitheater-morgan-wallen-perform-grand-opening

Baltimore Key Bridge collapse: Dali container ship refloated, moved to marine terminal

Posted by radio1n1 — Tue, 21 May 2024 09:16 GMT

The massive container ship that caused the deadly collapse of Baltimore's Francis Scott Key Bridge nearly two months ago was refloated Monday morning and towed to a port, revealing a new opening in the city's skyline. The MV Dali, a Singapore-flagged neopanamax container ship, had been grounded in the main shipping channel of Baltimore Harbor since striking the bridge on March 26. Six construction workers on the bridge at the time died in the collapse. Around 7 a.m., during high tide Monday morning, tugboats were seen maneuvering the hulking ship out of the collapsed wreckage. Pieces of the bridge's steel poked out from the ship's bow as a mass of concrete from the collapsed roadway remained piled on top. As crews began to slowly tow the ship to a marine terminal, a void in the city's altered skyline could be viewed for the first time since construction of the Key Bridge was completed in 1977. The opening also highlighted the progress of the ongoing cleanup efforts as hundreds of tons of twisted steel have already been removed from the collapse site. COAST GUARD STUDYING IF OTHER BRIDGES AT RISK FOLLOWING BALTIMORE BRIDGE DISASTER The collapse occurred after the Dali lost power as it was transiting through Baltimore Harbor. The ship briefly regained power, but a second power loss left the ship unable to move in time to avert a collision with one of the piers supporting the main span of the Key Bridge. A preliminary National Transportation Safety Board report found that the ship had suffered issues with its electrical system prior to the accident, though it is unclear whether those earlier malfunctions played a role in the collision. COLLAPSED FRANCIS SCOTT KEY BRIDGE DETONATED TO HELP FREE SHIP FROM PORT OF BALTIMORE Officials have said the Dali will likely remain in the port for several weeks and undergo temporary repairs before being moved to a shipyard for more substantial repairs. The ship's crew members, who have not been allowed to leave the vessel since the disaster, will be able to disembark once the Dali is docked in Baltimore, officials have said. GET FOX BUSINESS ON THE GO BY CLICKING HERE The crew, 20 of whom are from India and one from Sri Lanka, had been maintaining the ship and assisting investigators since the grounding. Fox Business's Eric Revell and The Associated Press contributed to this report. via: https://www.foxbusiness.com/economy/baltimore-key-bridge-collapse-dali-container-ship-refloated-moved-marine-terminal

Nestl launches food line targeting Ozempic, other weight-loss drug users

Posted by radio1n1 — Tue, 21 May 2024 09:12 GMT

Nestl is launching a line of food products tailored to people using weight-loss medication in an effort to capitalize on a market expected to reach $30 billion in the next six years. Under its new Vital Pursuit brand, the global food giant plans to launch 12 products ranging from frozen protein pasta, sandwich melts and pizzas, all of which are made with a higher amount of protein and essential nutrients like iron, vitamin A and potassium. They are also "portion-aligned to a weight loss medication user's appetite," the company said. It's the first time the company, known for brands like DiGiorno pizza, KitKat, and Nesquik, created a food brand that's specifically intended for glucagon-like peptide 1 (GLP-1) users. WEGOVY, THE WEIGHT-LOSS MEDICATION, GETS FDA APPROVAL FOR USE AS HEART DISEASE PREVENTION DRUG GLP-1 agonists are a class of Type 2 diabetes drugs that improves blood sugar control but may also lead to weight loss. Semaglutide, which is the active ingredient in Novo Nordisk's Wegovy and Ozempic, as well as tirzepatide, which is the active ingredient in Eli Lily's Mounjaro and Zepbound, are considered GLP-1 drugs. They have surged in popularity in recent years as people touted the drugs' weight-loss effects. In turn, food executives are noticing some shoppers' habits are changing. For instance, Walmart U.S. CEO John Furner said during an earnings call in November that while it was still too early to tell how this will affect customers and the business, the company has seen "some shifts in categories." NOVO NORDISK CEO SAYS FOOD EXECS ARE 'SCARED' OF WEIGHT-LOSS DRUG THREAT Before that, Furner acknowledged in an interview with Bloomberg that the company sees "a slight pullback in overall basket." "Just less units, slightly less calories," he said. At the same time, Nestl sees an opportunity to be at the "forefront" of what it says is a "growing market opportunity." Earlier this month, Novo Nordisk told FOX Business that at least 25,000 Americans are beginning treatment with Wegovy each week and that figure is growing. The Danish pharmaceutical giant, which has been ramping up production capacity to meet demand, said that there are currently "four times" the number of U.S. patients starting the medication compared with December 2023. In 2023, one in 60 adults were prescribed a GLP-1 medication, according to the American Pharmacists Association. By 2030, the number of GLP-1 users in the U.S. could reach 30 million, or around 9% of the overall population, according to JPMorgan. The market is projected to exceed $100 billion by that same year, "driven equally by diabetes and obesity usage," the firm noted. GET FOX BUSINESS ON THE GO BY CLICKING HERE "As the use of medications to support weight loss continues to rise, we see an opportunity to serve those consumers," Nestl North America CEO Steve Presley said. "We're leveraging our deep understanding of consumers and nutritional science to stay ahead of the trends that are shaping consumer behaviors, and innovating across our portfolio to deliver products people will love." Nestl said it plans to sell the products for less than $5, but that prices may vary by retailer. They will hit stores in the fourth quarter of 2024. via: https://www.foxbusiness.com/lifestyle/nestle-launches-food-line-targeting-ozempic-other-weight-loss-drug-users

OpenAI accused of mimicking Scarlett Johansson, tech company pauses ChatGPT voice

Posted by radio1n1 — Mon, 20 May 2024 20:51 GMT

Scarlett Johansson is "angered and in disbelief" by tech company OpenAI over its ChatGPT app's voice, Sky, noting it uses a voice very similar to hers. On Monday, just shy of a week after OpenAI debuted the voice, Johansson's publicist, Marcel Pariseau, issued a statement to FOX Business explaining that the actress' legal team had sent the tech company two letters asking them to explain their process of how they came up with the personal assistant's voice in their artifical intelligence technology . OpenAI demonstrated the voice last week, NPR reported, and many observers found an uncanny likeness between the assistant's voice and Johansson's voice in the 2013 sci-fi film "Her." The movie focused on a man falling in love with the voice of the female operating system on his computer. According to the outlet, OpenAI CEO Sam Altman previously said that "Her" was his favorite movie. Just last week, Altman took to X, formerly known as Twitter, and simply wrote "her." WHAT IS ARTIFICIAL INTELLIGENCE (AI)? Johansson's statement to FOX Business read, "Last September, I received an offer from Sam Altman, who wanted to hire me to voice the current ChatGPT 4.0 system. He told me that he felt that by my voicing the system, I could bridge the gap between tech companies and creatives and help consumers to feel comfortable with the seismic shift concerning humans and AI. He said he felt that my voice would be comforting to people." She explained that "after much consideration and for personal reasons, I declined the offer." "Nine months later, my friends, family and the general public all noted how much the newest system named 'Sky' sounded like me," the statement continued. "When I heard the released demo, I was shocked, angered and in disbelief that Mr. Altman would pursue a voice that sounded so eerily similar to mine that my closest friends and news outlets could not tell the difference. Mr. Altman even insinuated that the similarity was intentional, tweeting a single word 'her' - a reference to the film in which I voiced a chat system, Samantha, who forms an intimate relationship with a human," Johansson continued. "Two days before the ChatGPT 4.0 demo was released, Mr. Altman contacted my agent, asking me to reconsider. Before we could connect, the system was out there. As a result of their actions, I was forced to hire legal counsel, who wrote two letters to Mr. Altman and OpenAI, setting out what they had done and asking them to detail the exact process by which they created the 'Sky' voice," Scarlett continued. "Consequently, OpenAI reluctantly agreed to take down the 'Sky' voice. In a time when we are all grappling with deepfakes and the protection of our own likeness, our own work, our own identities, I believe these are questions that deserve absolute clarity. I look forward to resolution in the form of transparency and the passage of appropriate legislation to help ensure that individual rights are protected," the statement concluded. Altman issued a statement to FOX Business regarding Sky's voice on Monday. "The voice of Sky is not Scarlett Johansson's, and it was never intended to resemble hers. We cast the voice actor behind Sky's voice before any outreach to Ms. Johansson. Out of respect for Ms. Johansson, we have paused using Sky's voice in our products. We are sorry to Ms. Johansson that we didn't communicate better," the statement said. This is not the first time Johansson's voice has been manipulated without her consent. In November, the "Black Widow" star took legal action, per Variety, against an AI image-generating app called Lisa AI: 90s Yearbook & Avatar for her voice and likeness in an ad posted on X. Johansson's attorney told the outlet, "We do not take these things lightly. Per our usual course of action in these circumstances, we will deal with it with all legal remedies that we will have." In the ad, posted on Oct. 28 but apparently no longer available, footage of Johansson behind the scenes on "Black Widow" is used, with her saying, "What's up guys? It's Scarlett, and I want you to come with me ..." before a graphic covers her mouth and the screen shows AI-generated images that resemble her. CLICK HERE TO READ MORE ON FOX BUSINESS A sound-alike voice is heard saying, "It's not limited to avatars only. You can also create images with texts and even your AI videos. I think you shouldn't miss it." There was fine print under the ad that read, "Images produced by Lisa AI. It has nothing to do with this person." In October, a proposed No Fakes Act was released as a discussion draft by a bipartisan group of senators, according to Bloomberg Law. GET FOX BUSINESS ON THE GO BY CLICKING HERE It would establish the federal right to control one's own image and voice, also known as the right of publicity, and allow individuals to control digital replicas, a protection that would exist for 70 years after their death. The penalties include a fine of $5,000 per violation and any economic damages that can be proven in court. via: https://www.foxbusiness.com/entertainment/openai-accused-mimicking-scarlett-johansson-tech-company-pauses-chatgpt-voice

Nearly 900K bags of tea recalled over high levels of pesticide residue

Posted by radio1n1 — Mon, 20 May 2024 09:32 GMT

Nearly 900,000 bags of tea are being recalled after officials detected excessive levels of pesticide residues, federal health officials warned. The Food and Drug Administration (FDA) posted a notice that 54,846 packs of East West Tea Company's Organic Yogi Echinacea Immune Support tea bags, are being recalled because "pesticide residues were detected above action levels." Each pack includes 16 tea bags, and there are four packs per box, equating to 877,536 bags of tea. HY-VEE RECALLING MULTIPLE ITEMS, CITING SALMONELLA CONTAMINATION RISK The FDA classified the recall as a "Class III," which means the "product is not likely to cause adverse health consequences." Recalls are classified into a numerical designation (I, II, or III), which determines the severity of hazard the product poses. A "Class I" is considered the most severe meaning products will cause "serious adverse health consequences or death." Pesticides are used to protect crops from things such as insects, fungi, weeds, and other pests. U.S. government agencies share responsibility for the oversight of pesticide chemical residues both in or on food, the FDA said. H-E-B RECALLS ICE CREAM OVER POTENTIAL METAL CONTAMINATION The Environmental Protection Agency (EPA) evaluates pesticides so that they are safe for human consumption, and the environment when used according to label directions. The agency also establishes the maximum residue level of a specific pesticide chemical that is permitted either in or on food, according to the FDA. GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/lifestyle/nearly-900k-bags-tea-recalled-over-high-levels-pesticide-residue

Today's mortgage rates rise for both 15- and 30-year terms | May 20, 2024

Posted by radio1n1 — Mon, 20 May 2024 08:45 GMT

The interest rate on a 30-year fixed-rate mortgage is 6.875% as of May 20, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.990%, which is 0.115 percentage points higher than on Friday. With mortgage rates changing daily, it's a good idea to check today's rate before applying for a loan. It's also important to compare different lenders' current interest rates, terms, and fees to ensure you get the best deal. Rates last updated on May 20, 2024. Rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000 Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). When you take out a mortgage loan to purchase a home, you're borrowing money from a lender. In order for that lender to make a profit and reduce risk to itself, it will charge interest on the principal - that is, the amount you borrowed. Expressed as a percentage, a mortgage interest rate is essentially the cost of borrowing money. It can vary based on several factors, such as your credit score, debt-to-income ratio (DTI), down payment, loan amount and repayment term. After getting a mortgage, you'll typically receive an amortization schedule, which shows your payment schedule over the life of the loan. It also indicates how much of each payment goes toward the principal balance versus the interest. Near the beginning of the loan term, you'll spend more money on interest and less on the principal balance. As you approach the end of the repayment term, you'll pay more toward the principal and less toward interest. Your mortgage interest rate can be either fixed or adjustable. With a fixed-rate mortgage, the rate will be consistent for the duration of the loan. With an adjustable-rate mortgage (ARM), the interest rate can fluctuate with the market. Keep in mind that a mortgage's interest rate is not the same as its annual percentage rate (APR). This is because an APR includes both the interest rate and any other lender fees or charges. Mortgage rates change frequently - sometimes on a daily basis. Inflation plays a significant role in these fluctuations. Interest rates tend to rise in periods of high inflation, whereas they tend to drop or remain roughly the same in times of low inflation. Other factors, like the economic climate, demand, and inventory can also impact the current average mortgage rates. To find great mortgage rates, start by using Credible's secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible's mortgage calculator to estimate your monthly mortgage payments. Mortgage lenders typically determine the interest rate on a case-by-case basis. Generally, they reserve the lowest rates for low-risk borrowers - that is, those with a higher credit score, income, and down payment amount. Here are some other personal factors that may determine your mortgage rate: Other indirect factors that may determine the mortgage rate include: Along with certain economic and personal factors, the lender you choose can also affect your mortgage rate. Some lenders have higher average mortgage rates than others, regardless of your credit or financial situation. That's why it's important to compare lenders and loan offers. Here are some of the best ways to compare mortgage rates and ensure you get the best one: One other way to compare mortgage rates is with a mortgage calculator. Use a calculator to determine your monthly payment amount and the total cost of the loan. Just remember, certain fees like homeowners insurance or taxes might not be included in the calculations. Here's a simple example of what a 15-year fixed-rate mortgage might look like versus a 30-year fixed-rate mortgage: If you're thinking about taking out a mortgage, here are some benefits to consider: And here are some of the biggest downsides of getting a mortgage: Requirements vary by lender, but here are the typical steps to qualify for a mortgage: Here are the basic steps to apply for a mortgage, and what you can typically expect during the process: Refinancing your mortgage lets you trade your current loan for a new one. It does not mean taking out a second loan. You will also still be responsible for making payments on the refinanced loan. You might want to refinance your mortgage if you: The refinancing process is similar to the process you follow for the original loan. Here are the basic steps: If you need to tap into your home's equity to pay off debt, fund a renovation, or cover an emergency expense, there are two popular options to choose from: a home equity loan and a home equity line of credit (HELOC). Both a home equity loan and a HELOC allow you to borrow against your home's equity but a home equity loan comes in the form of a lump sum payment and a HELOC is a revolving line of credit. These two loan types have some other key similarities and differences in how they work: Interest rates on mortgages fluctuate all the time, but a rate lock allows you to lock in your current rate for a set amount of time. This ensures you get the rate you want as you complete the homebuying process. Mortgage points are a type of prepaid interest that you can pay upfront - often as part of your closing costs - for a lower overall interest rate. This can lower your APR and monthly payments. Closing costs are the fees you, as the buyer, need to pay before getting a loan. Common fees include attorney fees, home appraisal fees, origination fees, and application fees. If you're trying to find the right mortgage rate, consider using Credible. You can use Credible's free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes. via: https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-may-20-2024

Inflation flattens Americans' wealth gains under Biden: report

Posted by radio1n1 — Sun, 19 May 2024 16:33 GMT

Gains in American households' net worth have flattened during President Biden's administration because of inflation, a new analysis finds. A report by the Wall Street Journal analyzed changes in household net worth from the start of Biden's presidency in comparison to those seen during the tenure of his predecessor and presumptive opponent in the 2024 election, former President Donald Trump. It found that in nominal terms, total household net worth rose by 19% through Biden's first three years in office - a comparable figure to the 23% increase seen in Trump's first three years. However, when factoring inflation's impact on household net worth, the data is less favorable for Biden. After adjusting for inflation, household net worth is up by just 0.7% through Biden's first three years in office, whereas it was up 16% in Trump's first three years. At the time of Biden's inauguration in January 2021, year-over-year inflation in the U.S. economy was about 1.4%. However, inflation surged due to global supply chain disruptions related to the COVID pandemic as well as elevated levels of government spending, peaking at a 40-year high of 9.1% in June 2022. HOW IT STARTED ... HOW IT'S GOING: HOME, ENERGY, CAR BILLS WAY UP THANKS TO INFLATION The U.S. spent trillions of dollars to stimulate the economy amid the pandemic at the end of Trump's administration and at the outset of Biden's term. Among those measures were the $1.9 trillion American Rescue Plan Act that was enacted in March 2021 and the Inflation Reduction Act, an $891 billion package enacted in August 2022. The two measures were approved by congressional Democrats on party-line votes using the budget reconciliation process. INFLATION INCREASES 3.4% IN APRIL AS PRICES REMAIN ELEVATED The Biden administration has blamed global supply chain disruptions as the main factor causing inflation and has defended those pieces of legislation as providing critical financial support to American households as the economy dealt with the pandemic's impact and addressing other pressing policy needs. The White House has also pointed to other actions, like releasing oil from the Strategic Petroleum Reserve to give energy markets a boost, as ways it has looked to ease the sting of inflation. The U.S. economy continues to experience elevated inflation, which came in at 3.4% in April. That's well above the Federal Reserve's target rate of 2%. To tamp down inflation, the Fed raised the benchmark federal funds rate, which influences interest rates across the economy, to a more than 20-year high target range of 5.25% to 5.50%. GET FOX BUSINESS ON THE GO BY CLICKING HERE With inflation remaining elevated, the central bank's policymakers have signaled that interest rates are likely to remain higher for longer than originally anticipated to allow more time for inflation to subside. FOX Business' Megan Henney contributed to this report. via: https://www.foxbusiness.com/politics/inflation-flattens-americans-wealth-gains-under-biden-report