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Charlie Kirk's social media platforms gain millions of followers, subscribers since assassination

Posted by radio1n1 — Tue, 16 Sep 2025 17:54 GMT

After Charlie Kirk's assassination, millions have gravitated to his social media presence. The spike has been especially pronounced on YouTube, where subscriber growth has translated into higher view counts and a jump in estimated earnings. Kirk, long a dominant force on social media, has gained more than a million new YouTube subscribers in the past week, according to Social Blade metrics. The surge lifts his subscriber base to 5 million, up from 3.8 million before his death. His weekly video view count has also jumped sharply, rising by 94.1 million. The YouTube audience for his organization, Turning Point USA (TPUSA), has also climbed to 3.9 million subscribers, up from 3.3 million. TURNING POINT USA SAYS INTEREST IN WORKING AT THE ORGANIZATION SURGED AFTER CHARLIE KIRK'S DEATH Estimated earnings from Kirk's YouTube channel stand at $430,700, while Turning Point USA's channel generated $945,700 and "The Charlie Kirk Show" clips channel added $1,974 - for a combined total of about $1.38 million. YouTube is not the only platform where Kirk's audience has swelled; his follower counts have also surged across Instagram, TikTok, Facebook and X. On Instagram, Kirk's primary account has added 5.6 million followers in the aftermath of his death, nearly doubling his reach to a total of 12.5 million. CHARLIE KIRK BOOKS, PODCAST TOP CHARTS FOLLOWING ASSASSINATION Meanwhile, the TikTok account tied to "The Charlie Kirk Show" has drawn an additional 2 million followers in just a week. Likes on the videos shared on that account have climbed by 49.7 million over the same period. Kirk's TikTok account - a feed of debate clips, speeches, news segments, and podcast highlights - has gained 1.2 million followers so far. Additionally, his Facebook page has added 3.4 million followers. COMPLETE COVERAGE OF CHARLIE KIRK Adding to his digital surge, Kirk's books are charting in Amazon's top 20, and his podcast has soared to the No. 1 position in multiple categories. via: https://www.foxbusiness.com/politics/charlie-kirks-social-media-platforms-gain-millions-followers-subscribers-since-assassination

NBA champion Zaza Pachulia, WNBA star Breanna Stewart, other top athletes partner with basketball te

Posted by radio1n1 — Tue, 16 Sep 2025 16:56 GMT

As sports and technology continue to intersect, young athletes and established professionals have more tools at their disposal. Long gone are the days of training without the assistance of data. Shooting percentages have always been a key metric in basketball, and Shoot 360 has stepped in to help elevate player development. Shoot 360 is a basketball innovation firm with a sharp focus on skill development for athletes of varied skill levels. The company leverages immersive technology and promotes a data-driven training environment. Zaza Pachulia, who won back-to-back NBA titles with the Golden State Warriors, serves as one of the company's ambassadors and is an investor. Atlanta Hawks star Trae Young and four-time WNBA champion Sue Bird have also made investments. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM "I've played (at) all kinds of levels. I was lucky to play 16 years in the NBA. I thought I'd seen everything, but I've never seen anything like this," Pachulia told FOX Business. The retired NBA forward said he eventually traveled to Los Angeles with his friend and colleague to take a closer look at what Shoot 360 had to offer. "We jump on a plane, we flew there ... (we) get to the facility. The first impression and reaction was like, 'Wow,' it's so many screens, it's like a playground for basketball." In 2012, Shoot 360 founder Craig Moody launched the first location in Oregon. Moody set out to build a world-class, technologically advanced basketball training and competition experience. Fast-forward just over a decade, and virtually every NBA franchise utilizes Shoot 360's advanced ball detection technology. More than 100 programs at the NCAA level also rely on the brand's proprietary software. "On the training side, we're using the most advanced science out there. What matters in shooting is arc, depth, left (and) right. What's important when you're shooting is to get immediate feedback. Prior to this technology, most of the shooting coaching was all subjective," Moody said. "(However), with our technology, we use what's called a 'splash meter,' and on the screen above the basket on a 75-inch screen, the players can immediately see what's happening on the screen. So, they can adjust their arc, deep, left, right to get within the 'splash zone.' So, what normally might take an elite shooter ten years to become, we're shrinking that down to a two- to three-year period. So, the progress is way faster." Moody also noted that Shoot 360's technology can also help players develop passing and ball handing skills. FORMER MLB STAR ALEX RODRIGUEZ, MARC LORE APPROVED AS CONTROLLING OWNERS OF TIMBERWOLVES AND LYNX, NBA SAYS Pachulia added that there were "so many reasons" he ultimately decided to team up with Shoot 360. "This product was the right one, and I decided to personally invest with other NBA players stepping in," Pachulia said. "Jamal Crawford, Thaddeus Young and Trae Young (are) also partners. Some WNBA players, Sue Bird and (others)." Later this year, Brooklyn Sports and Entertainment's (BSE) will become the first youth basketball facility in the New York, New Jersey and Connecticut region to feature Shoot 360's technology. New York Liberty star Breana Stewart, who plays home games at the Barclays Center in Brooklyn, expressed confidence about Shoot 360's presence at the training center ultimately providing more opportunities for youth basketball players. "When I was growing up, I did not have access to anything like this, and I can only imagine how much it would have changed my game," Stewart said in a statement sent to Fox Business. "What Brooklyn Basketball is building with Shoot 360 is giving kids real tools to grow, build confidence and have fun doing it. I love seeing this kind of investment in the next generation, right here in our Liberty community." Shoot 360 continues to expand. The brand seeks to have 600 franchised locations across North America, Europe and Asia operational by 2030. GET FOX BUSINESS ON THE GO BY CLICKING HERE "At Brooklyn Basketball, we're truly excited to introduce Shoot 360 technology to the next generation of athletes," Marissa Shorenstein, chief external affairs officer at BSE, said in a statement. "As the only youth facility in the tri-state area equipped with this cutting-edge tool, we're proud to offer participants an unparalleled training experience, providing instant, data-driven feedback that accelerates skill development like never before. "Shoot 360 will also empower our youngest athletes to reach new heights through measurable progress and personalized coaching. We're committed to shaping the future of basketball by combining innovation and passion. And, with Shoot 360, our training center will be a game-changer for our community." via: https://www.foxbusiness.com/sports/nba-champion-zaza-pachulia-wnba-star-breanna-stewart-other-athletes-partner-basketball-tech-company

India calls trade talks with US 'positive' as it looks to close deal amid steep tariffs

Posted by radio1n1 — Tue, 16 Sep 2025 16:43 GMT

India on Tuesday described its latest trade talks with the U.S. as "positive" after tensions mounted late last month when President Donald Trump put 50% tariffs on Indian imports. While the details of the talks remain unclear at this time, a statement released by the Indian embassy in Washington, D.C. said the discussions were varied and "forward-looking" as the two sides look to hash out bilateral trade. "It was decided to intensify efforts to achieve early conclusion of a mutually beneficial trade agreement," the statement added. CHINA, INDIA FUEL RUSSIA WAR MACHINE BY IGNORING INTERNATIONAL SANCTIONS: REPORT A U.S. delegation, led by Assistant U.S. Trade Representative for South and Central Asia Brendan Lynch, met with their Indian counterparts, including Chief Negotiator Rajesh Agrawal, in New Delhi. It remains unclear if Trump's latest tariff's - which were implemented in late August in a move to pressure India into halting its purchase of Russian oil amid its deadly war in Ukraine - were discussed. India has thus far not agreed to Trump's demands amid his pressure campaign and New Delhi canceled previous trade negotiations with Washington slated for late August that coincided with when the punitive tariffs took effect. MODI AND TRUMP SIGNAL MUTUAL OPTIMISM FOR US-INDIA TRADE NEGOTIATIONS MOVING AHEAD Though according to a Reuters report on Tuesday, the U.S. and India are now expected to hold another round of trade negotiations, which will mark the sixth round of meetings since Trump pledged his sweeping tariffs on nearly every nation across the globe and which started to take effect in April. India has also resisted opening its farm and dairy markets to the U.S., which is a key demand in the Trump administration's negotiations, over concerns that U.S. products could flood the market and jeopardize the livelihood of some 80 million Indian farmers and their families. The higher tariffs are already being felt both in India and in the U.S. as exports to the U.S. fell to $6.86 billion in August, down from $8 billion in July, according trade ministry data on Monday, reported Reuters. The impact of the severe U.S. tariffs are expected to be more fully felt in September. via: https://www.foxbusiness.com/fox-news-world/india-calls-trade-talks-us-positive-looks-close-deal-amid-steep-tariffs

Popular restaurant at Disney shopping area robbed by suspect in scuba gear

Posted by radio1n1 — Tue, 16 Sep 2025 15:56 GMT

Deputies in Florida are looking for a man caught on camera robbing a restaurant at Walt Disney World's Disney Springs shopping area in what appears to be scuba gear. The unusually dressed suspect went into the Paddlefish restaurant just after midnight on Monday, the Orange County Sheriff's Office (OSCO) told local FOX 35 Orlando, and took an amount between $10,000 and $20,000. Two employees depositing cash into a safe after the restaurant closed were allegedly told to "get down" and "close their eyes" by the perpetrator in a wetsuit, according to an incident report obtained by FOX 35. The suspect did not appear to have a weapon and did not "imply" that he had one, the report said. He was caught on camera wearing all black gear, goggles and blue rubber-like gloves. KIDS WATCH AS CHUCK E. CHEESE MASCOT GETS ARRESTED FOR ALLEGED CREDIT CARD THEFT Some local reports say the suspect jumped into the water the restaurant's replica steamboat sits on when he took off. No one was injured during the robbery, but one woman told deputies she "was in fear of her life." DISNEY REVERSES COURSE CITING 'UNIQUE CIRCUMSTANCES,' WAIVES RIGHT TO ARBITRATION IN WIDOWER'S LAWSUIT The restaurant offers "360 degree waterfront views," according to its website. While Disney Springs is part of Walt Disney World Resort, Paddlefish is owned and operated by Levy Restaurants. A spokesperson for the restaurant group declined to comment. CLICK HERE TO READ MORE ON FOX BUSINESS A spokesperson for Walt Disney World referred inquiries about the active investigation to OCSO, which did not immediately respond to a FOX Business inquiry. via: https://www.foxbusiness.com/lifestyle/popular-restaurant-disney-shopping-area-robbed-suspect-scuba-gear

Eli Lilly to invest $5B on Virginia plant amid Trump's pharma tariff threats

Posted by radio1n1 — Tue, 16 Sep 2025 15:41 GMT

Eli Lilly on Tuesday announced a $5 billion investment in a manufacturing facility in Virginia as the pharmaceutical giant looks to expand its domestic production capacity amid the threat of tariffs. The manufacturing facility is expected to generate 650 high-wage jobs and 1,800 construction jobs at the West Creek Business Park in Goochland County, Virginia. The facility will produce active pharmaceutical ingredients for cancer, autoimmune and other advanced therapies. Eli Lilly's announcement represents an expansion beyond the original plan for a $2.1 billion facility that would've created 468 jobs. "Our investment in Virginia underscores our commitment to U.S. innovation and manufacturing - creating high-quality jobs, strengthening communities, and advancing the health and well-being of Americans nationwide," said Lilly CEO David Ricks. "By expanding our domestic capacity, we're building a secure, resilient supply chain that delivers for patients today and supports the breakthrough medicines of tomorrow." TRUMP BRINGS KEY PRESCRIPTION DRUG HOME TO US IN SWEEPING WALMART DEAL Virginia Gov. Glenn Youngkin said in a statement that "Lilly is one of the world's greatest innovators, and I want to thank them for this significant commitment to Virginia." "By expanding manufacturing capacity here in the United States, we are strengthening our economy, securing America's critical pharmaceutical supply chain, and positioning Virginia to lead in the industries that will drive innovation for generations to come." JOHNSON & JOHNSON INVESTING $2B IN US MANUFACTURING, CREATING NEW JOBS Pharmaceutical companies have been stepping up their investment in U.S. manufacturing facilities amid President Donald Trump's efforts to push the industry to make more medicines domestically rather than importing them. Trump has threatened to impose tariffs on pharmaceutical products, saying he would start small and could raise them to as high as 250% to boost U.S. production. GET FOX BUSINESS ON THE GO BY CLICKING HERE Earlier this year, Eli Lilly outlined plans to spend at least $27 billion on four new U.S. manufacturing facilities to counter potential tariffs on drug imports. Reuters contributed to this report. via: https://www.foxbusiness.com/markets/eli-lilly-invest-5b-virginia-plant-amid-trumps-pharma-tariff-threats

Charlie Kirk books, podcast top charts following assassination

Posted by radio1n1 — Tue, 16 Sep 2025 14:10 GMT

Books written by Charlie Kirk have ranked among Amazon's top 20 bestsellers, while his podcast has reached the number one spot on Apple in the wake of his assassination. A Charlie Kirk biography, written by Christina W. Randall, was listed among the best-selling books on the marketplace, underscoring how interest in Kirk and his foundation seemingly surged in popularity since his death. As of Tuesday, The Charlie Kirk Show podcast was at #1 in the "All Podcasts" and the "News" categories. SCRUTINY INTENSIFIES OVER SECURITY LAPSES SURROUNDING CHARLIE KIRK SHOOTING The show continued to produce tribute shows in the week after Kirk was shot and killed during a campus event at Utah Valley University last week, including his wife, Erika Kirk's address to the nation as well as an episode hosted by Vice President J.D. Vance. Kirk's book Stop, in the Name of God: Why Honoring the Sabbath Will Transform Your Life, published in December 2025, ranked #1 on Amazon Books. His earlier release, The College Scam: How America's Universities Are Bankrupting and Brainwashing Away the Future of America's Youth, published in 2022, placed at #6. Published in June 2024, Kirk's book Right Wing Revolution: How to Beat the Woke and Save the West ranked #20." COMPLETE COVERAGE OF CHARLIE KIRK His books and podcast are not the only thing that's garnered significant attention following his death last week. Andrew Kolvet, the executive producer of "The Charlie Kirk Show," who also serves as a spokesperson for Turning Point USA, told FOX Business' Maria Bartiromo on Monday that the organization has received more than 37,000 requests to start new chapters around the country. "They just keep pouring in. And I think that's just a testament to how Charlie's message, his legacy... And, ultimately, his assassination has galvanized so many young people around this country," Kolvet said. TPUSA SAYS CAMPUS CHAPTER REQUESTS SURGE OVER 37,000 AFTER KIRK'S ASSASSINATION Kirk founded conservative nonprofit Turning Point USA in 2012 at the age of 18 with Tea Party activist Bill Montgomery and turned it into a multi-billion dollar political empire whose mission was to "promote the principles of freedom, free markets, and limited government," according to its website. Kirk galvanized millions of conservative followers and paved his way to the top of several conservative circles. Kirk's goal was to establish a foothold on every high school and college campus in the nation in order to spread his political ideology. GET FOX BUSINESS ON THE GO BY CLICKING HERE To date, Kolvet said, the organization has 900 official, school-sanctioned college chapters and 1,200 high school chapters across the country. While it remains short of Kirk's ultimate goal, Kolvet noted that the recent surge in requests to start new chapters suggests his vision is becoming a reality more quickly than they ever imagined. via: https://www.foxbusiness.com/lifestyle/charlie-kirk-books-podcast-top-charts-following-assassination

Turning Point USA says interest in working at the organization surged after Charlie Kirk's death

Posted by radio1n1 — Tue, 16 Sep 2025 14:04 GMT

Turning Point USA is seeing a flurry of job applications in the wake of Charlie Kirk's death, as supporters look to carry on his mission. Andrew Kolvet, executive producer of "The Charlie Kirk Show," said interest in joining the organization has surged. "I have personally received hundreds of offers to work for us, or to work for free, or to just help, however," he told Fox News Digital. CHARLIE KIRK DROPPED OUT OF COLLEGE AND BY 31 BUILT A $95M POLITICAL EMPIRE WITH A DIRECT LINE TO TRUMP Kolvet, who is also a spokesman for Turning Point USA, said the organization has received more than 37,000 inquiries from people wanting to start new campus chapters. Kolvet said that TPUSA currently has 900 official college chapters and approximately 1,200 high school chapters. "Charlie's vision to have a Club America chapter (our high school brand) in every high school in America (around 23,000) will come true much, much faster than he could have ever possibly imagined," Kolvet wrote on X on Sunday, calling the response to expand Kirk's mission "truly incredible." In a separate post, he wrote, "This is the Turning Point." SLEEPING GIANT' LIKELY WOKE UP FOR TURNING POINT USA AFTER CHARLIE KIRK'S ASSASSINATION Kirk was assassinated Wednesday during an outdoor event at Utah Valley University. The gathering was the first stop on TPUSA's planned "American Comeback Tour," and, at first, nothing seemed out of the ordinary. The charismatic founder of TPUSA gained recognition for his signature political debates on college campuses. Before the shot that killed him, Kirk sat under a white tent marked with the slogan "Prove Me Wrong," fielding open-mic questions from thousands. The energetic movement Kirk built, which reshaped conservative youth politics, now falls to others to carry forward. On Friday evening, his widow, Erika, made clear in her first public remarks that she intends to lead that effort. "To everyone listening tonight across America, the movement my husband built will not die," Erika Kirk said. "I refuse to let that happen. No one will ever forget my husband's name. And I will make sure of it. It will become stronger. Bolder. Louder and greater than ever," she added. CLICK HERE TO READ MORE ON FOX BUSINESS She also said that TPUSA's annual "AmericaFest" conference in Phoenix this December will continue as scheduled. Kirk's celebration of life ceremony is scheduled for next Sunday at State Farm Stadium in Glendale, Arizona. via: https://www.foxbusiness.com/politics/turning-point-usa-says-interest-working-organization-surged-after-charlie-kirks-death

Fed expected to cut rates for first time in 2025 amid Trump pressure

Posted by radio1n1 — Tue, 16 Sep 2025 12:56 GMT

The Federal Reserve is expected to announce its first interest rate cut this year on Wednesday despite signs of tariffs pushing inflation higher amid rising concerns about the labor market. Policymakers on the Federal Open Market Committee (FOMC) are expected to cut the benchmark federal funds rate by 25 basis points, the first since December 2024, which would lower the target range to 4% to 4.25%. Markets have priced in a cut, with the CME FedWatch tool showing a 96% chance of a 25-basis-point cut and a 4% probability of a larger 50-basis-point cut. Fed policymakers have been monitoring economic data as they consider adjusting monetary policy in support of their dual mandate to promote maximum employment as well as stable prices in line with the Fed's longer-run 2% inflation target. The September meeting comes as both of those goals are under pressure. INFLATION REMAINED STUBBORNLY HIGH IN AUGUST AS FED WEIGHS RATE CUTS The latest jobs reports from the Bureau of Labor Statistics have shown weakening job creation, with the most recent release showing just 22,000 jobs added in August, with a slight upward revision leaving July's figures at 79,000 and a downward revision to June showing the economy shed 13,000 jobs that month. The Fed's preferred inflation gauge, the personal consumption expenditures (PCE) index, has trended further away from the Fed's 2% target since this spring. Since PCE inflation fell to 2.2% year-over-year in April, when core PCE also declined to 2.6%, both figures have trended higher as headline PCE rose to 2.6% in July while core PCE inflation rose to 2.9%. Another popular inflation metric, the consumer price index (CPI), rose in August to 2.9% from the previous year, with core CPI inflation up 3.1%. US JOB GROWTH THROUGH MARCH REVISED LOWER BY 911K With both sides of the dual mandate showing signs of weakness, Federal Reserve Chair Jerome Powell has said that in such situations, policymakers would assess whether the labor market or inflation is further away from target and focus on whichever element is in worse shape. That dynamic, coupled with weaker than expected labor market data, has led to expectations of a rate cut despite signs of inflation rising. The Fed's anticipated first interest rate cut of the year comes amid an intense pressure campaign by the Trump administration aimed at pushing the central bank to lower rates in a bid to boost the economy and potentially lower interest rates on the national debt. AMERICANS HIT RECORD LOW CONFIDENCE IN FINDING NEW JOBS SINCE TRACKING BEGAN IN 2013 Fed policymakers have debated whether President Donald Trump's tariffs will ignite persistent inflation or will instead represent a one-time shift in the price level. During a panel discussion on monetary policy earlier this summer, Powell was asked whether the Fed would have cut interest rates more by now if it weren't for the tariffs spurring inflation concerns. "I think that's right," Powell said. "In effect, we went on hold when we saw the size of the tariffs and where, essentially, all inflation forecasts for the United States went up materially as a consequence of the tariffs." GET FOX BUSINESS ON THE GO BY CLICKING HERE Two FOMC members dissented from the Fed's decision in July to hold interest rates steady. Fed Governors Michelle Bowman and Christopher Waller each authored dissents calling for 25-basis-point cuts at that meeting, marking the first time since 1993 that two Fed policymakers have dissented in favor of rate cuts. via: https://www.foxbusiness.com/economy/fed-expected-cut-rates-first-time-2025-amid-trump-pressure

Costco recalls certain wine over risk of bottles spontaneously shattering

Posted by radio1n1 — Tue, 16 Sep 2025 11:54 GMT

Costco is recalling bottles of Prosecco over concerns that the bottles may spontaneously shatter even if they are left alone. Costco, in a warning letter, told consumers across a dozen states that the Kirkland Signature Prosecco Valdobbiadene is being recalled due to the risk of unopened bottles shattering. The letter was sent to customers who purchased the product between April 25 and Aug. 26 in Iowa, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota or Wisconsin. OVER 57K FROZEN BURRITO BOWL PRODUCTS SOLD AT TARGET RECALLED DUE TO UNDECLARED ALLERGEN The affected bottles have the item number 1879870. "If you have an unopened bottle, do not open it. Dispose of the bottle immediately (do not return the item) by wrapping the unopened bottle in paper towels and placing it in a plastic bag before placing it in the garbage to avoid risk from shattered glass," Costco wrote in a note to customers. FDA EXPANDS RADIOACTIVE SHRIMP RECALL AMID CONCERNS OVER POSSIBLE CONTAMINATION FDA ISSUES WARNING, INVESTIGATING AFTER RADIOACTIVE SHRIMP BOUND FOR WALMART DETECTED AT MAJOR US PORTS The company also said the customers will be entitled to a full refund if they return the letter to their nearest Costco location. GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/lifestyle/costco-recalls-certain-wine-over-risk-bottles-spontaneously-shattering

OpenAI announces measures to protect teens using ChatGPT

Posted by radio1n1 — Tue, 16 Sep 2025 11:33 GMT

OpenAI on Tuesday announced new measures aimed at creating a safer experience for teens who use ChatGPT. The strengthened protections for teens will allow parents to link their ChatGPT account with their teen's account, control how ChatGPT responds to their teen with age-appropriate model behavior rules and manage which features to disable, including memory and chat history, the company said in a blog post. "We prioritize safety ahead of privacy and freedom for teens; this is a new and powerful technology, and we believe minors need significant protection," OpenAI CEO Sam Altman wrote in an accompanying blog post. Parents will also receive notifications when the system detects their teen is in a moment of acute distress, a feature that OpenAI says will be guided by expert input. OPENAI'S NONPROFIT PARENT COMPANY SECURES $100B EQUITY STAKE WHILE RETAINING CONTROL OF AI GIANT "If an under-18 user is having suicidal ideation, we will attempt to contact the users' parents and, if unable, will contact the authorities in case of imminent harm," Altman wrote. Parents will also have access to a new control that allows them to set blackout hours for when their teen cannot use ChatGPT. OPENAI TEAMS UP WITH WALMART TO TRAIN MILLIONS OF WORKERS IN ARTIFICIAL INTELLIGENCE OpenAI said it is also working on technology that will help predict a user's age, something it says can be difficult even for the most advanced systems to get right. "If there is doubt, we'll play it safe and default to the under-18 experience," Altman wrote. "In some cases or countries, we may also ask for an ID; we know this is a privacy compromise for adults but believe it is a worthy tradeoff." Altman said that OpenAI understands not everyone will agree with how they are resolving the conflict of teen protection versus freedom and privacy. GET FOX BUSINESS ON THE GO BY CLICKING HERE "These are difficult decisions, but after talking with experts, this is what we think is best and want to be transparent in our intentions," he wrote. via: https://www.foxbusiness.com/technology/openai-announces-measures-protect-teens-using-chatgpt

Car industry experts warn prices climbing fast as discounts become 'increasingly hard to find'

Posted by radio1n1 — Tue, 16 Sep 2025 10:01 GMT

While dealers and automakers may offer modest discounts on 2025 models as 2026 inventory arrives, industry experts caution the effect of tariffs could offset much of those savings. Brian Moody, Autotrader's executive editor, told FOX Business that consumers will likely see only small discounts or favorable interest rates for those with excellent credit. Meanwhile, new car prices are expected to keep climbing, according to Moody. He said in August, average transaction prices (ATPs) rose 2.6% from a year earlier, the largest annual increase since April 2023. MAJOR AUTOMAKER HIT BY CYBERATTACK, SAYS INCIDENT 'SEVERELY DISRUPTED' OPERATIONS "Except on a few models, big discounts will be increasingly hard to find," Moody said. He did note one possible exception: electric cars. However, buyers have to act fast because a key taxpayer-funded incentive is set to expire at the end of September. Currently, buyers can get a tax credit to lower the upfront cost of an EV, but once the Sept. 30 deadline passes, new purchases will no longer qualify for that credit. "Many dealers and automakers will do what they can do to move those cars while consumers are still interested," Moody said. In particular, if consumers are looking for a particularly good deal, a qualifying used electric vehicle could be an "amazing deal" thanks to both depreciation and federal incentives. STEELMAKER NUCOR EXPERIENCES CYBERSECURITY INCIDENT, SHUTS DOWN SOME PRODUCTION For example: the federal government offers up to a $4,000 tax credit on certain used EVs and plug-in hybrids, as long as they cost $25,000 or less, are at least two model years old, meet weight and battery requirements and are bought from a licensed dealer in the U.S., according to Carfax data. This means a 2024 Nissan Leaf priced at $17,000 would effectively cost $13,000 after the credit, a huge discount for a nearly new car, according to Moody. Jessica Caldwell, Edmunds' head of insights, agreed that consumers shouldn't expect discounts and that vehicle prices are likely to come under upward pressure from tariffs. The silver lining, though, "is that the increases don't appear to be as steep as initially feared when tariffs were first announced," according to Caldwell. US-BUILT VEHICLES COST $53,000 ON AVERAGE, PRICING OUT BUDGET SHOPPERS "Automakers seem to be taking a measured approach: they recognize that consumers are already financially stretched and don't want to risk losing sales or market share," she continued. However, she noted that discounting isn't off the table completely. It can still happen on a model-by-model basis as new vehicles arrive, "but shoppers should expect automakers to be cautious in how they manage pricing and incentives," she added. David Greene, Principal Industry Analyst at Cars.com, also warned that inventory is also tightening, down more than 6% from a year ago, and vehicles are moving off lots faster, which reduces the need for deep discounts. GET FOX BUSINESS ON THE GO BY CLICKING HERE With dealers clearing space for 2026 models, the best deals right now are on outgoing model-year vehicles already in stock, according to Greene. "Once those are gone, shoppers should expect to pay more as tariffs and limited supply push prices higher," Greene said. "For anyone in the market, moving sooner rather than later could mean savings." via: https://www.foxbusiness.com/lifestyle/car-industry-experts-warn-prices-climbing-fast-discounts-become-increasingly-hard-find

Senate confirms Stephen Miran to Fed board ahead of crucial rate cut meeting

Posted by radio1n1 — Mon, 15 Sep 2025 22:24 GMT

The Senate confirmed Stephen Miran, one of the White House's top economic advisors, on Monday to the Federal Reserve Board of Governors, the body that steers the U.S. economy. Senators voted 48-47, largely party-line vote in the Republican-controlled Senate. Miran is set to report to the Fed's Washington, D.C., headquarters on Tuesday, as officials open a two-day meeting that will help decide the direction of the economy. The Federal Open Market Committee will meet on Sept. 16 to set U.S. interest rates and broader monetary policy. Those decisions ripple through to borrowing costs on everything from mortgages to credit cards. MIRAN VOWS INDEPENDENCE, UNPAID LEAVE FROM WHITE HOUSE IF CONFIRMED Fed watchers broadly expect the central bank to cut rates during the two-day meeting. President Donald Trump tapped Miran, who leads the White House Council of Economic Advisers, on Aug. 7 to fill the seat vacated by Federal Reserve Governor Adriana Kugler, who resigned in August. Miran will finish the remainder of Kugler's term, which ends on Jan. 31, 2026. Miran told lawmakers during his nomination hearing on Sept. 4 that he will take unpaid leave from his White House position while he serves on the Fed's Board of Governors, also known as the Fed board. TRUMP NAMES MIRAN AS REPLACEMENT FOR FED BOARD SEAT Miran, a veteran of both Trump administrations, joins as the president presses the Fed to cut interest rates, highlighting the political spotlight on monetary policy. Trump, who named Jerome Powell as Fed chair in 2017, has stepped up pressure in recent months for deeper cuts - urging the central bank to bring rates down to 1% to stimulate growth. Powell's wait-and-see economic policy has kept the central bank's key borrowing rate within a range of 4.25% to 4.5%. Powell has said that he's also held off cutting rates, in part, to assess the economic impact of Trump's ongoing trade policy. Miran's confirmation also comes as Federal Reserve Governor Lisa Cook sues Trump in federal court to keep her spot on the influential monetary panel. INFLATION REMAINED STUBBORNLY HIGH IN AUGUST AS FED WEIGHS RATE CUTS Trump fired Cook on Aug. 25 following a series of allegations that she committed mortgage fraud. Bill Pulte, a Trump appointee to the federal agency that regulates Fannie Mae and Freddie Mac, tied Cook to a trio of properties in two separate referrals to the Justice Department. The trio of mortgage loans were issued in 2021 and before Cook was nominated as a Federal Reserve governor by former President Joe Biden. Trump used those allegations to remove Cook, which prompted her to sue him in federal court three days later. Her lawsuit named as defendants Trump, the Board of Governors of the Federal Reserve System, and Federal Reserve Chairman Jerome Powell. FEDERAL RESERVE GOVERNOR LISA COOK SUES TRUMP The suit, which was filed on Aug. 28, does not address the allegations that Cook listed multiple houses as a primary residence on mortgage filings. In another turn of events, the Justice Department launched a criminal investigation into Cook on Sept. 4. The probe could further complicate Cook's fight to stay in her role on the Fed board, the panel of central bankers tasked with guiding the nation's monetary policy. CLICK HERE TO READ MORE ON FOX BUSINESS Her lawyer, Abbe Lowell, wrote in a filing on Sept. 2 that she "did not ever commit mortgage fraud." If Trump is successful in removing Cook, he will have nominated a majority of the Fed board, expanding his influence over U.S. monetary policy. via: https://www.foxbusiness.com/politics/senate-confirms-stephen-miran-fed-board-ahead-crucial-rate-cut-meeting

Social media giants scramble to control Charlie Kirk assassination videos after Utah shooting

Posted by radio1n1 — Mon, 15 Sep 2025 19:05 GMT

Social media platforms are facing scrutiny following the circulation of videos showing the assassination of conservative activist Charlie Kirk as the companies look to add warnings to the graphic content or remove it outright. Kirk, 31, was shot in the neck on Wednesday last week while talking to a large crowd of students during an outdoor event on the campus of Utah Valley University in Orem, Utah. He was later pronounced dead at the hospital. Kirk's accused killer, Tyler Robinson, was taken into custody late Thursday. Videos of Kirk's assassination spread rapidly across social media platforms following the incident, prompting concerns about exposing users - including those underage - to the disturbing and graphic content without warning within the content feeds. Major social media platforms are taking different approaches to handling the situation based on their respective community guidelines and terms of service, but are generally taking steps to either remove the graphic content or to apply warnings or restrictions that limit its immediate visibility within the feed. MAHER PRAISES CONSERVATIVES LIKE KIRK FOR PROMOTING DIALOGUE, CONDEMNS FAR-LEFT FOR CELEBRATING HIS DEATH Meta, the parent company of Facebook and Instagram, told FOX Business that it is marking videos of the shooting with a "sensitive" warning label as well as age-gating the content to only be available to users over the age of 18. Reddit said it's actively working to remove the videos as a violation of the platform's terms of service related to violent content, as well as prohibiting its re-upload. YouTube is taking down some of the videos that lack context for viewers, while adding warnings and age restrictions to videos that remain on the platform, according to a spokesperson. It may also remove content that violates its community guidelines, such as content mocking the death or injury of an identifiable individual. CHARLIE KIRK'S CLOSE FRIEND REVEALS WHAT HE WOULD BE 'PROUDEST OF' WHILE REFLECTING ON LEGACY A TikTok spokesperson told FOX Business that the short-form video app is implementing additional safeguards to prevent users from unexpectedly viewing footage that violates the platform's rules. X, formerly Twitter, only permits the sharing of graphic media if it's properly labeled, not prominently displayed, and doesn't show excessive gore. The company directs users to put a content warning on such posts, which viewers must acknowledge before viewing the content. Jessica Melugin, director of the Competitive Enterprise Institute's Center for Technology and Innovation, told FOX Business that social media companies are faced with a moderation challenge because users can directly upload the content. TURNING POINT USA ANNOUNCES MASSIVE PUBLIC MEMORIAL SERVICE FOR CHARLIE KIRK AT ARIZONA FOOTBALL STADIUM "Content moderation at scale, and the scale we're talking about is immense, with big platforms can be very difficult. It's not going to be perfect," she explained. "With the gravity of this event, I think that they're probably putting a lot of resources into pulling this stuff down, labeling it, putting the blur in, making warnings," Melugin said. "They really don't have any incentive to horrify people right off their platform." "It's one thing to have a little click-bait, be a little sensational - but that's not what we're talking about here. This is like watching someone be murdered in real time, I hope and pray the vast majority of America doesn't have much of an appetite for that," she added. Melugin noted that Charlie Kirk had a lot of success professionally, in part because he was so effective at employing social media, adding that it "can be a force for good for people and also bad things can happen on it too." GET FOX BUSINESS ON THE GO BY CLICKING HERE Melugin also contrasted social media platforms' efforts to moderate the content with a government call for removing certain content. "Where we start to worry is when the government starts calling for the forced removal of things. That's a very different thing than the platforms saying 'we want to keep our users happy and we want to curate this so it's a safe place for people to be,' rather than the government saying 'hey American citizens, you're not allowed to see this,'" she said. "Those are two very, very different things I think legally and with the spirit of free speech." via: https://www.foxbusiness.com/politics/social-media-giants-scramble-control-charlie-kirk-assassination-videos-after-utah-shooting

Charlie Kirk dropped out of college and by 31 built a $95M political empire with a direct line to Tr

Posted by radio1n1 — Mon, 15 Sep 2025 17:30 GMT

As the nation mourns Charlie Kirk, many Americans are learning for the first time of the unlikely rise of the young activist who vaulted from obscurity in suburban Illinois to become a defining voice for a generation of conservatives and one of the movement's most formidable power brokers. At 18, Kirk dropped out of community college to co-found Turning Point USA (TPUSA). By his mid-20s, he became the youngest speaker at the Republican National Convention in 2016 and a household name in conservative circles. By 31, he commanded a $95 million political empire, galvanized millions of followers online and established a direct line to President Donald Trump. HUNDREDS MOURN CHARLIE KIRK AT KENNEDY CENTER: 'HONOR HIS UNMATCHED LEGACY' Kirk was assassinated Wednesday during an outdoor event at Utah Valley University. The gathering was the first stop on TPUSA's planned "American Comeback Tour," and, at first, nothing seemed out of the ordinary. The charismatic founder of TPUSA gained recognition for his signature political debates on college campuses. Before the shot that killed him, Kirk sat under a white tent marked with the slogan "Prove Me Wrong," fielding open-mic questions from thousands. SCRUTINY INTENSIFIES OVER SECURITY LAPSES SURROUNDING CHARLIE KIRK SHOOTING His death leaves behind an energetic movement that indisputably reshaped conservative youth politics. With backing from Republican donors like Foster Friess, Kirk turned the scrappy campus operation into one of the fastest-growing conservative nonprofits in America. Today, it's a political juggernaut - its revenue, according to tax filings, soared from just $2 million in 2015 to $85 million in 2024. Add in revenue from its political action arm, Turning Point Action, and the haul climbs well above $95 million. After his death, TPUSA has seen a massive surge in inquiries for new college chapters as the organization works to advance Kirk's vision. COMPLETE COVERAGE OF CHARLIE KIRK Andrew Kolvet, executive producer of "The Charlie Kirk Show," said Monday that the organization has logged more than 37,000 inquiries from people eager to start new campus chapters. The surge underscores a clear indication that Kirk's message continues to resonate with a new generation of conservative voters. As it stands, TPUSA currently has 900 official college chapters and approximately 1,200 high school chapters. Kolvet, who is also a spokesman for TPUSA, said there has been an increase in job applications. "I have personally received hundreds of offers to work for us, or to work for free, or to just help however," Kolvet told Fox News Digital. 'THIS IS THE TURNING POINT:' TPUSA SAYS CAMPUS CHAPTER REQUESTS SURGE OVER 37,000 AFTER KIRK'S ASSASSINATION On Friday evening, Kirk's widow, Erika, vowed to carry on her husband's mission in her first public comments since his death. "To everyone listening tonight across America, the movement my husband built will not die," Erika Kirk said. "I refuse to let that happen. No one will ever forget my husband's name. And I will make sure of it. It will become stronger. Bolder. Louder and greater than ever," she added. CLICK HERE TO READ MORE ON FOX BUSINESS She also said that TPUSA's annual "AmericaFest" conference in Phoenix this December will continue as scheduled. Kirk's celebration of life ceremony is scheduled for next Sunday at State Farm Stadium in Glendale, Arizona. President Trump, his family members and some Cabinet officials are slated to attend Kirk's funeral. via: https://www.foxbusiness.com/politics/charlie-kirk-dropped-out-college-31-built-95m-political-empire-direct-line-trump

Lynn Friess donates $1M to expand Turning Point USA after Charlie Kirk assassination

Posted by radio1n1 — Mon, 15 Sep 2025 16:34 GMT

Philanthropist Lynn Friess announced on social media that she will donate $1 million to support new Turning Point USA chapters across the country in the wake of Charlie Kirk's assassination. Lynn Friess and her late husband, investment manager and political donor Foster Friess, were early funders and supporters of Turning Point USA. "Foster always believed in Charlie's vision and often said that helping Charlie build TPUSA was the best investment he ever made. I know he would be grateful to see how Charlie's legacy is inspiring young Americans to stand up for faith and freedom," Lynn Friess wrote in a note that was posted on the X account of advocacy group Foster's Outriders. CHARLIE KIRK ASSASSINATION SUSPECT TYLER ROBINSON NAMED, MUGSHOTS RELEASED "I invite you to join me in honoring Charlie by helping this incredible movement grow even stronger," she continued. Kirk, who was shot and killed during an event at Utah Valley University in Orem, Utah, co-founded Turning Point USA in 2012 at the age of 18 with Tea Party activist Bill Montgomery. Turning Point USA is a conservative nonprofit that describes its mission as "to identify, educate, train, and organize students to promote the principles of freedom, free markets, and limited government." In the post, Lynn Friess said that the "powerful and heartfelt address" by Kirk's wife, Erika, on Friday had "deeply moved" her. PANTHERS FIRE STAFFER OVER INSENSITIVE CHARLIE KIRK ASSASSINATION SOCIAL MEDIA POSTS Andrew Kolvet, the executive producer of "The Charlie Kirk Show," who also serves as a spokesperson for Turning Point USA, told FOX Business' Maria Bartiromo on Monday that the organization has received more than 37,000 requests to start new chapters around the country. "They just keep pouring in. And I think that's just a testament to how Charlie's message, his legacy... And, ultimately, his assassination has galvanized so many young people around this country," Kolvet said. CHARLIE KIRK DEAD: LIVE UPDATES Kolvet said the organization has 900 official, school-sanctioned college chapters and 1,200 high school chapters across the country. He said Kirk's mission had been to establish a club on every high school campus in America. "He said, 'we are going to be on every high school campus in the country.' And his team looked at him like, Charlie, that's-I mean, we're at 1,200. There's 23,000, 24,000 in the county. Let's, you know, let's put a more reasonable expectation here," Kolvet recalled. GET FOX BUSINESS ON THE GO BY CLICKING HERE But, after the recent surge of requests to start chapters, Kolvet said Kirk's vision is becoming a reality far more quickly than they ever imagined. via: https://www.foxbusiness.com/lifestyle/lynn-friess-donates-1m-expand-turning-point-usa-after-charlie-kirk-assassination

Elon Musk buys $1B worth of Tesla shares

Posted by radio1n1 — Mon, 15 Sep 2025 16:29 GMT

Tesla CEO Elon Musk on Monday disclosed the purchase of about $1 billion in shares of the electric-vehicle maker in a show of confidence about the company's future. A regulatory filing disclosed that Musk bought 2.57 million shares of Tesla stock on Friday at a price between $372.37 and $396.54 per share. Musk's purchase marks the first time since early 2020 that he bought Tesla stock on the open market and comes as the company is transitioning to emphasize artificial intelligence (AI), robotaxis and robotics amid a sluggish EV market. It also comes as the billionaire is seeking greater control over Tesla and the company's board put forward a $1 trillion compensation package that aims to address his goals while setting ambitious financial and operational goals for Musk's payouts. TESLA OFFERS MASSIVE $1 TRILLION PAY PACKAGE TO ELON MUSK Musk has sought greater voting power and a larger stake in Tesla and previously said that if he doesn't receive 25% voting power, he would rather do his work on AI and robotics outside the company. As of December, Musk had a roughly 13% stake in the company, according to LSEG data. Jed Dorsheimer, group head of energy and power technologies at William Blair, said in a note that the firm sees Musk's stock purchase "as a clear signal of confidence from Musk," noting that the stock surged on the news. "With Musk's purchase, combined with the upward momentum for delivery expectations and robotaxi rollout, we are becoming more bullish but retaining our Market Perform rating," Dorsheimer said. TESLA GRANTS MUSK MASSIVE PAY DEAL TO KEEP CEO ON BOARD AMID LEGAL BATTLE Tesla shares were up more than 5.3% as of early afternoon following Musk's purchase. Musk's previous compensation package, which was struck down by a Delaware judge over concerns about the billionaire's ties to the board members who approved the deal in 2018 as well as the unprecedented size of the $56 billion compensation plan, is currently under appeal. TESLAS CONTINUE TO BE VANDALIZED DESPITE CEO ELON MUSK'S FALLOUT WITH WHITE HOUSE Tesla has argued Musk's importance to Tesla and the performance-based incentives in the compensation plan justified the large rewards if benchmarks were reached under the 2018 package. The company also issued a smaller $29 billion award to Musk as a "good faith" payment on the plan that's being held up in the courts. The new package of up to $1 trillion will require approval by shareholders before the largest compensation plan - which would be the largest pay package in history - kicks in. GET FOX BUSINESS ON THE GO BY CLICKING HERE "Similar to the 2018 package, this is purely based on Tesla performance and aligns Musk with shareholders 100%," Dorsheimer said. "Musk has the board's full support, and we expect he'll get more than enough shareholder support for this to pass with flying colors." Reuters contributed to this report. via: https://www.foxbusiness.com/markets/elon-musk-buys-1b-worth-tesla-shares

China says Nvidia violated antitrust law

Posted by radio1n1 — Mon, 15 Sep 2025 15:10 GMT

SINGAPORE-China said an initial probe found Nvidia violated the country's antimonopoly law, heightening pressure on Washington during the latest round of U.S.-China trade talks that ended Monday. Beijing's antitrust regulator cited the violations in connection with Nvidia's acquisition of an Israeli company that was completed in 2020. The regulator said the investigation was continuing, and it didn't elaborate on the preliminary findings or say whether it would punish Nvidia. Beijing approved the deal after Nvidia agreed to conditions including guaranteeing the supply of its chips to China. Since 2022, the U.S. government has blocked Nvidia and other American chip vendors from selling many of their top-flight artificial-intelligence chips to China. NVIDIA CEO SAYS HE'S IN TALKS WITH TRUMP ADMIN ABOUT SELLING BLACKWELL CHIP TO CHINA Beijing's move came just hours before Treasury Secretary Scott Bessent told reporters in Madrid that U.S. and Chinese negotiators had reached a framework deal on TikTok following two days of trade talks. The two sides were running up against a Wednesday deadline to make a deal to allow the popular video-sharing app to continue operating in the U.S. Nvidia's shares fell around 1% in morning trading. The company didn't immediately respond to a request for comment. BRACING FOR NVIDIA, WHEN SIZE MATTERS Nvidia has become perhaps the highest-profile business caught in the crossfire of the trade dispute between the world's two biggest economies. The company sells the world's most powerful chips, which are essential for building state-of-the-art AI. In December, China's antitrust regulator, the State Administration for Market Regulation, opened a probe into Nvidia's $7 billion acquisition of the Israeli networking-gear maker, Mellanox Technologies. A week earlier, the Biden administration ratcheted up controls on China's access to high-end chips. Antitrust lawyers familiar with the case said Nvidia was in a tough spot because it had to halt supply of its most advanced chips to China to comply with U.S. export controls, but that opened it up to criticism from Beijing. Chinese regulators argued that Nvidia was violating its pledge back in 2020 to provide an uninterrupted supply of chips to China and to treat Chinese customers equally, the lawyers said. BESSENT SAYS TRUMP EXPLORING STAKES IN 'OTHER INDUSTRIES' AFTER INTEL DEAL, RULES OUT NVIDIA In July, President Donald Trump permitted Nvidia to resume sales of its H20 chip, which is useful for AI inference. The chip was popular in China before Trump temporarily blocked its sale in April. Shortly after Trump gave the green light, Beijing raised concerns about potential cybersecurity risks of the chip and stopped companies from buying it until Nvidia could clear a regulatory review. Nvidia has said its products don't have remote trackers or other "backdoors." The company and its customers in China are now hoping that the Trump administration will approve a Nvidia AI chip that is more advanced than the H20-another subject that is likely to end up on the bargaining table at the trade talks. China hasn't been able to produce at scale any chips as powerful as Nvidia's best products, partly owing to American restrictions on advanced chip-making equipment. Still, Chinese companies are making progress in substituting their own products for U.S. chips. By flaunting possible punishment of Nvidia over an antitrust issue, China wanted to show that it wasn't about to make concessions to get the U.S. company's products and was on the road to self-sufficiency in AI, said Feng Chucheng, founding partner of Beijing advisory firm Hutong Research. "Beijing likely was signaling that Nvidia is not a bargaining chip for the U.S.," he said. GET FOX BUSINESS ON THE GO BY CLICKING HERE National champion Huawei has been powering some of the country's AI data centers with its self-developed chips. Other tech giants such as Alibaba and Baidu have also increased the use of homegrown products in their infrastructure. China has been funding its domestic chip industry more aggressively since Trump's first term with the goal of long-term self-sufficiency. At the same time, Beijing has tried to secure access to the latest technology of the U.S. and its allies for now to keep Chinese companies competitive in the tech race. via: https://www.foxbusiness.com/technology/china-says-nvidia-violated-antitrust-law

8 employers that fired staff for mocking Charlie Kirk's assassination

Posted by radio1n1 — Mon, 15 Sep 2025 14:32 GMT

Employers across the country are taking disciplinary action against workers who mocked the assassination of Charlie Kirk, with many going as far as firing. At least eight companies and organizations have given employees the axe so far after the 31-year-old founder of Turning Point USA was shot and killed during an event at Utah Valley University on Wednesday. CHARLIE KIRK ASSASSINATION: TIMELINE OF UTAH CAMPUS SHOOTING DETAILS ATTACK, MANHUNT FOR SUSPECT The company behind the New York-based stock exchange fired an employee on Friday for social media posts related to Kirk's shooting, saying they were in clear violation of its policy. "Nasdaq has a zero-tolerance policy toward violence and any commentary that condones or celebrates violence," the company said in a post on X. The employee was a woman who worked as a junior-level sustainability strategist at Nasdaq, a source familiar with the matter told Reuters, without disclosing further details. The Massachusetts'-based biomedical research center, which is a joint venture between Harvard University and the Massachusetts Institute of Technology, fired an employee who allegedly posted a "deeply offensive" comment on their personal social media account regarding the killing of Kirk, according to the Boston Globe, citing a company spokesperson. ANTI-TRUMP VOICES PRAISE CHARLIE KIRK'S LEGACY AFTER ASSASSINATION, SAY HE WAS DOING POLITICS 'THE RIGHT WAY' The law firm, based in Seattle, fired a lawyer who posted a message on social media that criticized Kirk after his death, a spokesman told Bloomberg Law. "We are aware of the comments posted on social media by a former Perkins Coie employee in the wake of Charlie Kirk's death," the spokesperson told the outlet. "These comments do not reflect the views of our firm, and the individual's conduct in posting them fell far short of the expectations we have of everyone who works here." Perkins Coie, which has 21 offices across the country, deems itself "[t]he creative pioneer of modern political law," according to its website, and has had clients including the Democratic National Committee. Office Depot fired an employee at one of its Michigan locations after a viral video showed staff refusing to print posters for a Kirk vigil. The company told Fox News that it was "deeply concerned" by the incident that took place at its Portage store. Office Depot said Friday night that an "immediate internal review" was launched, and the employee involved in the incident is "no longer with the organization." The company also said it reached out to the customer as soon as it learned of the incident "to address their concerns and seek to fulfill their order to their satisfaction." The nonprofit, founded by National Football League quarterback Joe Burrow and his parents in October 2022, focuses on youth mental health and food insecurity, according to its website. Just two days after Kirk's assassination, the charity posted that it "terminated an advisory board member that made inappropriate remarks in light of recent events." The board member was identified by local Fox 19 in Cincinnati, Ohio, as Ted Berry, a county judge. Political analyst Matthew Dowd was seen as the first of many figures to face consequences for his comments. Dowd was fired from the network after his comments during MSNBC's coverage of the shooting. Dowd was asked about "the environment in which a shooting like this happens." In response, Dowd said: "He's [Kirk] been one of the most divisive, especially divisive younger figures in this, who is constantly sort of pushing this sort of hate speech or sort of aimed at certain groups. And I always go back to, hateful thoughts lead to hateful words, which then lead to hateful actions. And I think that is the environment we are in. You can't stop with these sort of awful thoughts you have and then saying these awful words and not expect awful actions to take place. And that's the unfortunate environment we are in." CLICK HERE TO READ MORE ON FOX BUSINESS The Carolina Panthers fired an employee, Charlie Rock, who made social media posts following Kirk's assassination. A source briefed on the Panthers' decision confirmed to Fox News Digital that Rock, a member of the team's communications department, was fired on Thursday. Social media posts linked to Rock appeared to show him questioning why people were sad that Kirk had been shot and killed. The song "Protect Ya Neck" from the Wu-Tang Clan was also shared. "The views expressed by our employees are their own and do not represent those of the Carolina Panthers," the team said in a statement posted to social media. "We do not condone violence of any kind. We are taking this matter very seriously and have accordingly addressed it with the individual." The West Ada School District fired a Meridian High School employee after she allegedly posted a video celebrating Kirk's death. GET FOX BUSINESS ON THE GO BY CLICKING HERE Annika Rutz graduated just last year from the school, the Idaho Dispatch reported. She was working as a cheerleading coach for the school after being on the team during her high school career, the local media outlet said. Fox News Digital's Daniella Genovese, Sophia Compton and Reuters contributed to this report. via: https://www.foxbusiness.com/economy/8-employers-fired-staff-mocking-charlie-kirks-assassination

Over 57K frozen burrito bowl products sold at Target recalled due to undeclared allergen

Posted by radio1n1 — Mon, 15 Sep 2025 13:27 GMT

More than 57,000 frozen burrito meals sold at Target stores nationwide are being recalled for containing an undeclared allergen, according to the Food and Drug Administration (FDA). Rochester-based One Frozen is voluntarily recalling certain lots of Good & Gather Southwest-Style Burrito Bowl Blend, which were frozen and sold in 12-ounce bags, because they may contain shrimp. The recall was prompted after three consumers reported the "possible presence of shrimp in this product." However, no illnesses were reported as of Sept. 10. FDA EXPANDS RADIOACTIVE SHRIMP RECALL AMID CONCERNS OVER POSSIBLE CONTAMINATION Shrimp was not declared on the ingredient list on the packaging of the product, which means people who have an allergy or severe sensitivity to shellfish run the risk of a serious or life-threatening allergic reaction if they consume this product, according to the FDA announcement. FDA ISSUES WARNING, INVESTIGATING AFTER RADIOACTIVE SHRIMP BOUND FOR WALMART DETECTED AT MAJOR US PORTS Shellfish allergies can lead to anaphylaxis, which can be life-threatening. Someone may be at increased risk of anaphylaxis if they have asthma, allergic reactions to very small amounts of shellfish (extreme sensitivity), a history of food-induced anaphylaxis and a strong family history of allergy. DOLLAR GENERAL RECALLS INSTANT COFFEE PRODUCTS OVER POSSIBLE GLASS PIECES IN GROUNDS One in every 20 U.S. adults have experienced anaphylaxis at least once, according to the National Library of Medicine. GET FOX BUSINESS ON THE GO BY CLICKING HERE The Good & Gather Southwest-Style Burrito Bowl Blend was distributed through Target retail stores in all 50 states starting in April. Approximately 57,240 units were sold with a best-if-used-by date of Aug. 24, 2026. FOX Business reached out to Target and One Frozen for comment. via: https://www.foxbusiness.com/lifestyle/over-57k-frozen-burrito-bowl-products-sold-target-recalled-due-undeclared-allergen

Trump advocates for shift from quarterly to semiannual earnings reports

Posted by radio1n1 — Mon, 15 Sep 2025 12:44 GMT

President Donald Trump suggested on Monday that U.S. public companies should shift from filing quarterly earnings reports to reporting on a semiannual basis, arguing the change would cut costs and encourage long-term business planning. He noted that any change would be subject to approval by the Securities and Exchange Commission (SEC). "This will save money, and allow managers to focus on properly running their companies," Trump wrote on Truth Social. "Did you ever hear the statement that, 'China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!'" Trump said. SHOULD WE GET RID OF QUARTERLY REPORTS? The SEC did not immediately respond to FOX Business' request for comment. Trump's proposal of scrapping quarterly reporting is not new. In 2018, during his presidency, Trump directed the SEC to study the issue, though the agency ultimately kept the quarterly requirement in place. BESSENT SAYS US, CHINA HAVE 'FRAMEWORK' ON TIKTOK DEAL; TRUMP, XI TO MEET FRIDAY TO FINALIZE "In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S. "Stop quarterly reporting and go to a six month system," said one. That would allow greater flexibility and save money. I have asked the SEC to study!," Trump wrote in a 2018 tweet. Quarterly filing requirements can be costly for companies, and they often amplify pressure from investors to deliver short-term results. CLICK HERE TO READ MORE ON FOX BUSINESS The proposed change would also bring U.S. rules more in line with practices in the U.K. and European Union, where companies are required to file semiannually but can issue quarterly reports if they choose. In the U.S., however, many investors and executives remain focused on quarterly earnings performance, whether a company "beats" or "misses" analysts' expectations. By contrast, shifting to semiannual reporting would encourage a longer-term outlook. via: https://www.foxbusiness.com/politics/trump-advocates-shift-from-quarterly-semiannual-earnings-reports

Bessent says US, China have 'framework' on TikTok deal; Trump, Xi to meet Friday to finalize

Posted by radio1n1 — Mon, 15 Sep 2025 11:43 GMT

The U.S. and China agreed on a framework deal to allow TikTok to keep operating in the U.S. amid trade negotiations as the social media app faced being shut down as early as Wednesday without action. "The framework for a switch to a U.S.-controlled ownership," Bessent told reporters in Madrid following two days of negotiations with the Chinese delegation. President Donald Trump is planning to talk with Chinese President Xi Jinping on Friday to finalize the deal. U.S. Trade Representative Jamieson Greer said that there may be a short extension of the Sept. 17 deadline, while Bessent added that "It would not have been extended without a framework." FROM BAN TO EMBRACE: TRUMP'S EVOLUTION ON TIKTOK AND WHAT COMES NEXT Bessent previously said that China sought concessions from the U.S. on trade and technology policy in exchange for divesting from TikTok. "Our Chinese counterparts have come with a very aggressive ask," Bessent said, while the treasury secretary added, "We are not willing to sacrifice national security for a social media app." WILL TRUMP GRANT 'SPYWARE' TIKTOK 4TH STAY OF EXECUTION? CONFIRMED BIDDER NOW SAYS NO Trump took to his Truth Social platform to say that, "The big Trade Meeting in Europe between The United States of America and China, has gone VERY WELL! It will be concluding shortly." "A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday," Trump added. "The relationship remains a very strong one!!!" NATIONAL SECURITY CONCERNS LINGER ON CAPITOL HILL AS AMERICANS KEEP SCROLLING UNDER TRUMP'S TIKTOK EXTENSION Last year, Congress enacted a law signed by then-President Joe Biden that banned TikTok and other apps controlled by foreign adversaries. After it survived a Supreme Court challenge, the law took effect on Jan. 19, 2025, though it allowed a 90-day extension. The app was banned amid national security concerns over the Chinese government's access to user data and its ability to serve as a platform for foreign influence operations. TikTok's China-based parent company, ByteDance, refused to sell the social media platform and after President Trump took office, he issued an initial 75-day delay in enforcing the law. GET FOX BUSINESS ON THE GO BY CLICKING HERE Trump then provided another 75-day extension in April - when a dispute over tariffs derailed a pending deal on TikTok's divestment - followed by a 90-day delay in June that was due to expire this week. Reuters contributed to this report. via: https://www.foxbusiness.com/politics/bessent-says-us-china-have-framework-tiktok-deal-trump-xi-meet-friday-finalize

Former Big Tech exec warns the 'woke-mind virus' nearly brought America to its knees

Posted by radio1n1 — Mon, 15 Sep 2025 08:01 GMT

Dave Marra spent more than a decade inside Big Tech, but what he saw there convinced him America was heading in the wrong direction. "I watched the woke-mind virus be conceived, gestated, born and turned into an unruly teenager. And it was almost the demise of our society," he told Fox News Digital. Now, as CEO of Rivet Industries - the defense technology company that just secured a $195 million contract with the U.S. Army - Marra says he's determined to redirect innovation away from Silicon Valley's cultural obsessions and back toward the people who "build and defend our country." From blue-collar workers who keep the lights on to soldiers on the battlefield, Marra argues America's survival depends on equipping them with cutting-edge tools, especially as the U.S. faces an AI arms race against China. FORMER ARMY OFFICER DEVELOPS OFFLINE A.I. FOR MILITARY USES AS PENTAGON FUNDS TECH GIANTS "It's a dereliction of duty that my 12-year-old on her iPad can use generative AI to pursue her interests... She can pursue her interest in art and athletics, etc., but the guy in the bucket truck can't," Marra said. "Not only because the companies who are building these products don't understand that these people are operating in very austere environments, so the underpinning of the device needs to be able to operate with them in that environment, [but] because the business rewards weren't there. And that's the paradigm that we're looking to shift." "This group of people, and that is the people who are building, operating and ultimately defending our critical infrastructure, are the people that actually make the world turn," he continued. Rivet's new Soldier Borne Mission Command, built specifically for the Army, aims to break the mold in traditional defense contracting. The technology fuses data from soldiers, sensors and mission systems to create "one clear operational picture," and is designed to operate in low-light, heavy-dust, degraded-communication environments. "Soldier Borne Mission Command is an ambition by the U.S. Department of War to equip every single soldier with situational awareness, that give[s] them omnipotent omniscience on the battlefield," the CEO explained. "We deployed a significant amount of our own capital in building the thing for the warfighter before we even saw a requirements document... and before we ultimately executed this contract," Marra expanded. "The fundamental difference... is we executed toward Army-stated objectives and priorities before we got paid." From drone swarms to gene-edited soldiers, the United States and China are racing to integrate artificial intelligence into nearly every facet of their war machines. Under Department of War Secretary Pete Hegseth's leadership, the Army has launched a $36?billion modernization initiative aimed directly at countering China in the Indo-Pacific. By 2026, each of its 10 active combat divisions will be equipped with roughly 1,000 drones, dramatically shifting the battlefield from crewed helicopters to autonomous systems, Fox News has previously reported. Rivet's CEO expressed confidence in its technological capabilities further defending against "deep tech," global competition and urgent national security risks. "The adversary that we have to be ultimately prepared for - the technology companies [that] are state-sponsored, the sovereign currency [that] is manipulated, the priorities [that] are not set by free market capitalism as we love and enjoy it and have for the last several hundred years. If technology companies don't work in concert with the Department of War... we will not have a chance," he said. "AI is an accelerant to the most important asset that we have, and that's the people." Connecting its defense mission to civilians' everyday experiences, Marra spotlights emerging technology as the invisible infrastructure supporting daily American life. "When we think about everyday Americans... the privilege is that our lights come on, clean water comes out of the faucet, and planes land safely," he noted. GET FOX BUSINESS ON THE GO BY CLICKING HERE "The people who are most important are the ones that are making sure the electrons come out of the outlet, that the clean water comes out of the faucet, that the plane, the train, the boat and the factory are online," Marra added. "So where we see Rivet's tech over the next three to five years is exactly in all of those places... that ensures that the rising tide lifts all boats for all Americans, all people and residents of the Western world." Marra offered a final rallying cry for America's current cultural and technological crossroads: "We need to hire and elect on meritocratic values and meritocratic bases, and go execute to keep America number one." READ MORE FROM FOX BUSINESS Fox News' Morgan Phillips contributed to this report. via: https://www.foxbusiness.com/media/former-big-tech-exec-warns-woke-mind-virus-nearly-brought-america-its-knees

Trump encourages foreign companies to bring manufacturing experts to train US workers: 'We welcome t

Posted by radio1n1 — Sun, 14 Sep 2025 22:58 GMT

President Donald Trump on Sunday encouraged foreign companies investing in the U.S. to temporarily bring in their experts, a move he said would both attract foreign investment and help train American workers in manufacturing complex products. Trump said that foreign companies building "extremely complex" products - such as ships, computers, trains and semiconductors - should bring in experts from their own countries for a "period of time" as a way to transfer knowledge to U.S. workers. TRUMP URGES NATO TO STOP BUYING RUSSIAN OIL, BACK STEEP TARIFFS ON CHINA TO END WAR "When foreign companies who are building extremely complex products, machines, and various other "things," come into the United States with massive investments, I want them to bring their people of expertise for a period of time to teach and train our people how to make these very unique and complex products, as they phase out of our country, and back into their land," Trump posted to his Truth Social account. The President - noting that the move would also encourage foreign companies to invest in America - argued that the U.S. must relearn how to manufacture items it once created frequently, citing shipbuilding as an example. NATIONAL DEBT TRACKER: AMERICAN TAXPAYERS (YOU) ARE NOW ON THE HOOK FOR $37,470,833,295,098.68 AS OF 9/12/25 "If we didn't do this, all of that massive investment will never come in the first place - chips, semiconductors, computers, ships, trains, and so many other products that we have to learn from others how to make, or, in many cases, relearn, because we used to be great at it, but not anymore," Trump said. "For example, shipbuilding, where we used to build a ship a day and now, we barely build a ship a year." Trump also noted that he does not want to "frighten off" or discourage foreign nations from investing in the U.S. LABOR DEPARTMENT INSPECTOR GENERAL ANNOUNCES AUDIT OF BLS DATA COLLECTION CHALLENGES "We welcome them, we welcome their employees, and we are willing to proudly say we will learn from them, and do even better than them at their own 'game,' sometime into the not too distant future!" Trump added. The Truth Social post follows shortly after the Supreme Court said on Tuesday that it will quickly decide whether most of Trump's sweeping tariffs - a key part of his economic agenda - are legal. GET FOX BUSINESS ON THE GO BY CLICKING HERE Earlier this month, Trump claimed that tariffs are driving more than $15 trillion in new U.S. investment and that if courts should strike them down, the U.S. would likely become a "Third World Nation." via: https://www.foxbusiness.com/politics/trump-encourages-foreign-companies-bring-manufacturing-experts-train-us-workers-welcome-them

Ferrari brings back legendary Testarossa name with 1,050-horsepower plug-in hybrid beast

Posted by radio1n1 — Sun, 14 Sep 2025 12:01 GMT

Ferrari recently unveiled its latest sports car that gives a nod to the past while offering a look into the future. The 849 Testarossa plug-in hybrid brings back the classic name and replaces the SF90 Stradale in the range. It features a mid-rear twin-turbo V8 engine that boasts 830 horsepower and is coupled with three electric motors to deliver a total of 1,050 horsepower - 50 more than the Stradale. The new vehicle also sports an on-demand four-wheel drive system. GM CORVETTES SHATTER AMERICAN SPEED RECORDS AT LEGENDARY RACETRACK Ferrari said the new Testarossa will be capable of reaching a top speed of over 205 miles per hour, with a zero-to-62 time of 2.3 seconds. The original Testarossa was unveiled at the 1984 Paris Motor Show, replacing the Ferrari 512 BBi. The name, Italian for "red head," is a tribute to the automaker's racing cars of the late 1950s and early 1960s - including the 250 Testa Rossa - which featured red-painted cylinder heads. PORSCHE 2026 MACAN EV GETS DIGITAL KEY SHARING, AI VOICE CONTROL AND AUTOMATIC PARKING The starting price of the 849 Testarossa is set at 460,000 euros ($540,000) for the coupe and at 500,000 euros ($586,000) for the Spider version, with first deliveries to clients scheduled, respectively, in the second and third quarters of next year, starting with Europe. FORD UNVEILS 2026 MUSTANG FX PACKAGE WITH NOSTALGIC FOX BODY STYLING Deliveries to U.S. clients are expected to start some three months later, at higher prices due to import tariffs. Ferrari, led by CEO Benedetto Vigna, is rolling out new models while also preparing to start next month to showcase its first electric vehicle, part of a three-stage process culminating in a world premiere next spring. It will break Ferrari's tradition of roaring gasoline-powered engines, although Vigna has reaffirmed the company would continue to make gasoline and hybrid cars, along with EVs. GET FOX BUSINESS ON THE GO BY CLICKING HERE Ferrari in April launched the new hybrid 296 Speciale and its convertible version, based on the 2021 Ferrari 296, the house's other hybrid model, now approaching the end of its life cycle. As part of its typically aggressive path of new model releases, Ferrari in July also presented the purely petrol-powered Amalfi coupe, replacing and upgrading the successful 2019 Roma in the entry segment of its range. Reuters contributed to this report via: https://www.foxbusiness.com/lifestyle/ferrari-brings-back-legendary-testarossa-name-1050-horsepower-plug-in-hybrid-beast

Taylor Swift and Selena Gomez crack America's billionaire list with booming empires

Posted by radio1n1 — Sun, 14 Sep 2025 10:01 GMT

Taylor Swift and Selena Gomez have cracked the list of America's billionaires. According to The Wall Street Journal, of the 1,135 billionaires in the U.S., about 86 percent are men - leaving just over 150 women, or roughly 14 percent, to make up the remainder. Among those women are Swift and Gomez, who have managed to turn their pop culture fame into billion-dollar businesses. Whether they gained their fortune following a record-breaking tour or through a makeup brand, they broke barriers. SELENA GOMEZ WEARS NOTHING BUT SATIN LINGERIE IN SULTRY SELFIE Here are some of the famous women who have managed to break through and reach billionaire status. Taylor Swift shot to stardom when she released her self-titled debut album in October 2006, and her star continued to rise with each new album release. She reached billionaire status in 2023, when, according to Forbes, she made "an estimated $190 million after taxes for just the first leg of her famous Eras Tour." The tour ran for nearly two years starting in March 2023 and ending in December 2024, and reportedly grossed more than $2 billion. When combined with album sales, her past tours, her real estate investments and the revenue from the theatrical release of "Taylor Swift: The Eras Tour," Forbes estimated Swift's net worth to be around $1.6 billion. Selena Gomez started creating her fortune at a young age, starring on the children's show "Barney & Friends" when she was just 10 years old. She later became a household name as the star of Disney Channel's "Wizards of Waverly Place," which she appeared in for four seasons, from 2007 to 2012. She continued acting into adulthood, earning an Emmy nomination in 2024 for her role in "Only Murders in the Building." During the COVID-19 pandemic, she also launched the cooking show "Selena + Chef" on HBO Max. After establishing her acting career, Gomez also made a name for herself as a singer, In September 2020, Gomez was able to transform her fame into a successful business when she launched Rare Beauty, with products available online and in Sephora stores. After going viral on TikTok, Rare Beauty quickly became one of the most successful celebrity-owned beauty brands out there, as it was seen as inclusive and affordable. SELENA GOMEZ WOWS IN BRIDAL-WHITE BIKINI AT CABO BACHELORETTE PARTY The company's estimated value reached $2 billion in 2023, and with a 51% stake in the brand's ownership, Gomez herself became a billionaire. Combined with her earnings as a singer, actress and business owner, Bloomberg estimated her net-worth to be around $1.3 billion in 2024, with Rare Beauty being the main contributing factor. Rihanna got her start as a musician, releasing eight albums between 2005 and 2016. Following the release of her last studio album, Rihanna launched Fenty Beauty in 2017. The brand was celebrated as one of the first to feature an inclusive range of foundation shades. She later launched the lingerie line Savage X Fenty, "which raised $125 million in a 2022 funding round," according to Forbes. The singer and businesswoman first landed on the Forbes billionaires list in 2021, with the outlet reporting she was worth $1.7 billion. At the time, that made her the wealthiest female musician in the world and second only to Oprah Winfrey as the wealthiest female entertainer. In 2025, Forbes listed Rihanna's net worth at $1.4 billion, driven largely by her lingerie and beauty businesses. CLICK HERE TO READ MORE ON FOX BUSINESS Kim Kardashian first shot to fame when she and her family began appearing on the E! reality show, "Keeping up with the Kardashians," which premiered in October 2007. Since the show's premiere in October 2007, Kardashian has managed to turn her reality stardom into business success, starting with various fragrances and an app, and later expanding to include a makeup line, KKW Beauty. In 2021, KKW Beauty was shut down and, after undergoing a huge revamp, was relaunched in 2022 as SKKN BY KIM, a high-end skin care line. The reality star officially made the Forbes billionaires list in April 2025, with the magazine estimating her net-worth to be $1.7 billion. Forbes credits Kardashian's shapewear company, SKIMS, as the driving force behind her billionaire status, stating the company was valued at $4 billion in 2023. GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/fox-news-entertainment/taylor-swift-selena-gomez-crack-americas-billionaire-list-booming-empires

How much are NATO member countries spending on defense?

Posted by radio1n1 — Sun, 14 Sep 2025 10:01 GMT

The North Atlantic Treaty Organization (NATO) recently released its annual defense spending report that details how much money members of the mutual security alliance are spending on their defense and which are meeting their commitments. In 2014, the heads of state and government for all NATO member countries committed to spending at least 2% of their gross domestic product (GDP) on defense to boost the alliance's military readiness amid Russia's illegal annexation of Crimea from Ukraine and instability in the Middle East. The 2% guideline built on a prior 2006 commitment made by NATO defense members. At the time of the 2014 pledge, only three NATO members - the U.S., the U.K. and Greece - were at the 2% threshold. That figure rose to nine by 2020, fell to six in 2021 but rebounded to seven in 2022 after Russia's invasion of Ukraine. It then ticked up to 10 in 2023, and 2024 saw 23 of the 32 member countries, including newly ratified members Finland and Sweden, meet the threshold. NATO's latest data shows that all 32 members of the alliance are expected to meet the 2% spending commitment in 2025, based on the estimated defense spending and economic growth figures used for the 2024 and 2025 figures. It marks the first time since the spending target was created that all members have been in compliance. NATO COUNTRIES AGREE TO SPEND 5% OF GDP ON DEFENSE: WHICH COUNTRIES LED IN 2024? Earlier this year, nearly all NATO members agreed to a new goal of spending 5% of GDP on defense by 2035 - a figure which sets a goal of spending 3.5% of GDP on core defense requirements to meet NATO capability goals, with the remainder potentially allocated to other defense and security-related spending. The lone country to opt out was Spain, which said it can meet its military requirements by spending just 2.1% of GDP. Here's a look at how much NATO says member countries are estimated to spend on defense this year, as well as when member countries met the original 2% threshold. (Note: NATO's latest data doesn't include Germany's defense spending levels, though the country reached the 2% threshold last year and plans to ramp up spending further in the years ahead. It also excludes Iceland, which doesn't have a defense budget but contributes in other ways.) NATO WARNS RUSSIA AFTER POLAND SHOOTS DOWN 'HUGE NUMBER' OF DRONES THAT VIOLATED ITS AIRSPACE RUSSIAN CRUISE MISSILES HIT US COMPANY IN MASSIVE UKRAINE STRIKE AMID TRUMP'S PEACE PUSH GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/politics/how-much-nato-member-countries-spending-defense

How much is Charlie Sheen really worth today? From TV's highest-paid actor to financial struggles: r

Posted by radio1n1 — Sat, 13 Sep 2025 21:03 GMT

Charlie Sheen's net worth has reportedly fluctuated dramatically over the years, from once holding the title of the highest-paid male actor on American television to seeing his fortune shrink amid addiction struggles and divorces. The "Two and a Half Men" star, sober for the past eight years, has marked a new chapter with the Tuesday release of his autobiography, "The Book of Sheen," followed by the Wednesday premiere of Netflix documentary "aka Charlie Sheen." HOWARD STERN RETURNS TO SIRIUSXM SHOW: WHAT TO KNOW ABOUT HIS CURRENT CONTRACT While Sheen's exact net worth is not clear, one estimate puts the figure at $3 million - a steep decline from the $150 million he reportedly amassed when he starred on "Two and a Half Men," which aired from 2003 to 2015, according to Celebrity Net Worth. "There was always that voice of doubt, that it was only a matter of time before it all went away, so to enjoy it as heartily as you can," Sheen told People Magazine. Sheen reportedly earned $1.8 million per episode of "Two and a Half Men" in 2010, securing him as the highest-paid male actor in television history, according to The Hollywood Reporter. In March 2011, he was fired from the sitcom after he made a string of negative comments about series creator Chuck Lorre. GENE HACKMAN'S ACTING CAREER SPANNED FOUR DECADES: WHAT WAS HIS NET WORTH? From 2012 to 2014, Sheen starred in FX's "Anger Management," earning much less per episode but with a backend deal reportedly worth $75 to $200 million. He also launched the "Torpedo of Truth" live tour, earning an estimated $7 million, while his catchphrases like "winning" sparked a trademark battle, People Magazine reported. Financial struggles have included Sheen's admission that he had paid out millions of dollars to keep his HIV-positive diagnosis private, a years-long dispute with the IRS over taxes and a 2018 request to reduce child support payments to his ex-wives, according to People Magazine. In his autobiography, Sheen recalls how the stress of his divorce from actress Denise Richards contributed to a relapse into drug use. The couple married in 2002, and in March 2005, Richards filed for divorce after just under three years of marriage. Sheen later married Brooke Mueller and filed for divorce in November 2010. BEZOS SHOOTS DOWN $600M WEDDING RUMORS: 'DON'T BELIEVE EVERYTHING YOU READ' In his new Netflix documentary, he also revealed that while he was known for wild parties with women, he "flipped the menu over" and started pursuing romantic relationships with men - which only began after he started smoking crack. During a Tuesday appearance on "Jesse Watters Primetime," Sheen discussed other bombshells revealed in his new memoir and documentary. He recalled playing ping pong against O.J. Simpson and playing basketball with Michael Jordan. "O.J. beat me in ping pong, but as you read in the book, he was playing with his offhand," Sheen said. "And then when he saw that he was actually facing someone that was pretty competitive, as a 10-year-old, this is 1975, right, he subtly changed paddles and went to his right hand for those last two shots to seal it." GET FOX BUSINESS ON THE GO BY CLICKING HERE Sheen, who rose to fame with roles in movies including "Ferris Bueller's Day Off" and "Platoon," also claimed Johnny Depp introduced him to cigarettes - a habit Sheen said lasted 33 years. A spokesperson for Sheen did not immediately respond to FOX Business' request for comment. via: https://www.foxbusiness.com/entertainment/how-much-charlie-sheen-really-worth-today-tvs-highest-paid-actor-financial-struggles-reports

Trump urges NATO to stop buying Russian oil, back steep tariffs on China to end war

Posted by radio1n1 — Sat, 13 Sep 2025 13:51 GMT

President Donald Trump has called on NATO allies to stop buying Russian oil and back sweeping new sanctions and tariffs on Moscow and Beijing, arguing the measures would help quickly end Russia's years-long war with Ukraine. In a Truth Social post Saturday morning, Trump said he had written to all nations of the world that he is ready to impose "major sanctions" on Russia and new tariffs on China, but only when all NATO nations agree and begin taking the same steps. "As you know, NATO's commitment to win has been far less than 100%, and the purchase of Russian oil, by some, has been shocking!" Trump wrote. TRUMP SAYS HE'S RUNNING OUT OF PATIENCE WITH PUTIN 'FAST' OVER UKRAINE CONFLICT NEGOTIATIONS "It greatly weakens your negotiating position and bargaining power over Russia. Anyway, I am ready to 'go' when you are. Just say when?" Since 2023, NATO member Turkey has ranked as the third-largest buyer of Russian oil - behind only China and India - according to the Centre for Research on Energy and Clean Air. Other NATO members still purchasing Russian oil include Hungary and Slovakia. Trump called on NATO to impose 50% to 100% tariffs on China, to be lifted once the Russia-Ukraine war ends. He argued that sanctions and tariffs would break China's grip over Russia, while adding that the war would never have started if he had been in office. "Tariffs will break that grip. This is not Trump's war (it would never have started if I was president!), it is Biden's and Zelenskyy's war," Trump wrote. "I am only here to help stop it, and save thousands of Russian and Ukrainian lives (7,118 lives lost last week alone. Crazy!)." NATO WARNS RUSSIA AFTER POLAND SHOOTS DOWN 'HUGE NUMBER' OF DRONES THAT VIOLATED ITS AIRSPACE "If NATO does as I say, the war will end quickly, and all of those lives will be saved! If not, you are just wasting my time, and the time, energy and money of the United States." Russia launched a full-scale invasion of Ukraine on Feb. 24, 2022. On the campaign trail, Trump said he would end the war swiftly, but has admitted he has found it more difficult than he initially thought. Since returning to office, Trump has pressed to end the war, meeting with Ukrainian President Volodymyr Zelenskyy multiple times - including once at the Vatican - as well as with President Vladimir Putin in Russia. NATO allies have been on high alert this week after nearly two dozen Russian drones entered Poland on Wednesday during a mass aerial attack on Ukraine, which Trump had suggested could have been a mistake, but which Poland and Ukraine have fervently rejected as any sort of accident. CLICK HERE TO GET THE FOX NEWS APP On Friday, Trump said he was "sort of" running out of patience with Putin "fast" after the Kremlin said negotiations with Ukraine were "on pause." "But it does take two to tango," Trump said after host Brian Kilmeade pointed out that Zelenskyy has offered to meet with Putin a number of times. "It's amazing - when Putin wanted to do it, Zelenskyy didn't. When Zelenskyy wanted to do it, Putin didn't. Now Zelenskyy wants to, and Putin is the question mark." Fox News' Caitlin McFall contributed to this report. via: https://www.foxbusiness.com/fox-news-world/trump-urges-nato-stop-buying-russian-oil-back-steep-tariffs-china-end-war

Buyers are gaining the upper hand in these major US housing markets

Posted by radio1n1 — Sat, 13 Sep 2025 12:01 GMT

Seven housing markets around the nation were described as buyer's markets because they had at least six months of supply in June, according to a recent report from Realtor.com. Three markets in particular, Miami and Orlando in Florida as well as Austin, Texas, were standouts as they had the nation's highest months of supply in June. This means that buyers in those markets had the most leverage, according to the online real estate marketplace. Miami topped the list of buyer market cities out of all 50 metros tracked by the firm. The city had 9.7 months' supply in June, meaning it would take nearly 10 months to sell all of its listings at the current pace. That inventory is up 35% compared with the same period in 2024. HOME PRICES REACH RECORD HIGH IN JUNE - THESE STATES ARE THE MOST EXPENSIVE The median list price at the time was $510,000, which is 4.7% lower than the previous year. In Austin, Texas, which ranked as the second-best market for buyers, there was 7.7 months' supply in June. The reason this city landed as one the best cities is because buyer demand softened following the COVID-19 pandemic boom, but the total number of for-sale homes skyrocketed, according to Realtor.com. Austin had the second-greatest inventory increase compared with its pre-pandemic levels, according to Realtor.com. Nearly 33% of its listings also saw price cuts in June. MORE LUXURY HOMEBUYERS PAYING WITH CASH THIS YEAR, REPORT SAYS The typical home in the Texas city was under $500,000, down 4.8% from a year ago, according to Realtor.com. THESE STATES SEE THE MOST ALL-CASH HOME PURCHASES In Orlando, there was 6.9 months' of supply in June, making it the third-best market for buyers. The metro's for-sale inventory jumped nearly 34% year over year and the median listing price in Orlando also decreased 3.4% to $429,473. The city has been a buyer's market since January when its supply surpassed six months. Realtor.com senior economist Jake Krimmel said all of the seven buyer-friendly metros have the same things in common: rising inventory and a slowing pace of sales, meaning that more sellers are competing across fewer buyers. Krimmel said that, regionally, this aligns with much of Reatlor.com's analysis over the past several months. "The housing market is particularly weak in the South and West, but especially in Florida. Seeing all four major Florida metros as buyer's markets was not surprising," Krimmel said. "Rather, this corroborates much of the softness we have been seeing when it comes to rising inventory, longer time on market and more price cuts and falling list prices and lagging new listing growth in those metros." Krimmel said there is also predictive power in months of supply when it comes to where prices will move in the future. For instance, each of our seven buyer's markets in June saw year-on-year price-per-square-foot declines in August. Notably, Miami saw a 3.9% decline, Austin saw a 3.5% decline and New York also had a 3.5% decline. GET FOX BUSINESS ON THE GO BY CLICKING HERE Miami-Fort Lauderdale-West Palm Beach, Florida Austin-Round Rock-San Marcos, Texas Orlando-Kissimmee-Sanford, Florida New York-Newark-Jersey City, New York-New Jersey Jacksonville, Florida Tampa-St. Petersburg-Clearwater, Florida Riverside-San Bernardino-Ontario, California via: https://www.foxbusiness.com/lifestyle/buyers-gaining-upper-hand-major-us-housing-markets

Office Depot fires employee who refused to print Charlie Kirk posters for customer

Posted by radio1n1 — Sat, 13 Sep 2025 11:11 GMT

Office Depot has fired a worker at one of its Michigan locations after a viral video showed staff refusing to print posters for a vigil honoring Charlie Kirk, the late conservative activist. The office supply retailer said in a statement to Fox News that it is "deeply concerned by the unfortunate customer experience" that took place at Store 3382 in Portage, Michigan. In the viral video, which has generated more than 4 million views on X as of Saturday morning, a person recording can be heard telling a trio of employees that they came into the store earlier in the night to pick up an order for posters to be used at a vigil. CHARLIE KIRK ASSASSINATION SUSPECT TYLER ROBINSON NAMED, MUGSHOTS RELEASED A woman who identified herself as one of the store's managers responded by saying, "Yeah, so, we don't print propaganda." She then doubled down and said, "It's propaganda. I'm sorry. We don't print that here." When the person recording the video asked what makes the posters propaganda, she said, "Because he's a political figure and I don't have to ..." before another employee cut her off and said the general manager would be in on Monday. The video was initially posted on Friday by Michigan Forward Network, a conservative political advocacy group, which said that one of its team members had put in the order to be used to honor Kirk, who was shot dead while speaking at a Turning Point USA event at Utah Valley University on Wednesday. The video created a firestorm online with numerous commentators calling on Office Depot to act. PANTHERS FIRE STAFFER OVER INSENSITIVE CHARLIE KIRK ASSASSINATION SOCIAL MEDIA POSTS Office Depot said Friday night that an "immediate internal review" was launched, and the employee involved in the incident is "no longer with the organization." The company also said it reached out to the customer as soon as it learned of the incident "to address their concerns and seek to fulfill their order to their satisfaction." "The behavior displayed by our associate is completely unacceptable and insensitive, violates our company policies, and does not reflect the values we uphold at Office Depot," the statement reads. "On behalf of the Company, we sincerely apologize for this regrettable situation." GET FOX BUSINESS ON THE GO BY CLICKING HERE The company did not state which employee was fired, and said it will "continue to aggressively investigate the matter," and action will be taken where it is appropriate. The statement ended with, "We are committed to reinforcing training with all team members to ensure our standards of respect, integrity, and customer service are upheld at every location. Our customers and communities deserve nothing less." Office Depot has 845 superstores in 44 states and the District of Columbia, according to the company's website. via: https://www.foxbusiness.com/politics/office-depot-fires-employee-who-refused-print-charlie-kirk-posters-customer

Mark Wahlberg's former LA home listed for $21.8M three years after star moved to Las Vegas

Posted by radio1n1 — Sat, 13 Sep 2025 10:01 GMT

Mark Wahlberg's former Los Angeles home is on the market. The nearly 14,000-square-foot home in Beverly Hills is on the market for $21.8 million, in partnership with listing agents Aaron Kirman and Daniel Milstein of Christie's International Real Estate Southern California. According to The Wall Street Journal, Wahlberg purchased the home in 2001 for around $5 million and reportedly sold it in 2013 for $10.3 million. "Mark Wahlberg once called this estate home, and it carries that Hollywood pedigree with grace, offering privacy and prestige in one of the most sought-after enclaves in the city," Milstein told Fox News Digital. "With its own gym pavilion, full basketball court and a grotto pool worthy of a five-star retreat, this compound elevates recreation to an art form." HOME WORTH $1.6M WITH 7,000 BOOKS AND FLOOR-TO-CEILING SHELVES TOUTED FOR 'CHARM AND CHARACTER' On 1.7 acres, the home included 12 bedrooms and seven bathrooms, including a two-bedroom guest house. Other features include an expansive primary bedroom with a walk-in closet and luxurious ensuite bathroom, as well as a gym and indoor theater. Floor-to-ceiling sliding glass doors connect indoor and outdoor spaces. In addition to the grotto swimming pool with cascading waterfalls, the home's backyard also includes a basketball court, outdoor kitchen, a small putting green and multiple lounge areas. The current owners are selling the home after a full remodel completed four years ago. Wahlberg and his family officially packed up and left Los Angeles in 2022, choosing instead to plant roots in Nevada. Following their decision to move, the actor and his wife sold their second Beverly Hills mansion, which they purchased in 2009, for $55 million, in February 2023. In March 2023, the actor spoke with Fox News Digital about his decision to move, explaining it gave their "kids a chance to thrive." "It just has the best of both worlds. I know a lot of people, when they think Las Vegas, they think the Strip. But just about 15, 20 minutes away, there's a whole lot of other amazing areas that are all about family and community," Wahlberg said. He went on to say his kids have opportunities in Las Vegas that they didn't have in Los Angeles, explaining his daughter's an equestrian and his son has taken up golfing. CLICK HERE TO READ MORE ON FOX BUSINESS In addition to the opportunities the move to Las Vegas has provided his children, it has also provided more business opportunities for the actor. Wahlberg opened a second location of his restaurant, Flecha Cantina, in Las Vegas in September 2024. He previously opened a location in Huntington Beach, California. "I want... them [to] have the most amazing experience they've ever had in a restaurant. I want them to feel like they're at home, that they are doted on and spoiled," Wahlberg previously told Fox News Digital. The actor also has plans to pursue a number of opportunities outside the restaurant business. In October 2023, he told "The Talk" he hopes to make Las Vegas into "Hollywood 2.0." "I moved to Nevada where, after this gubernatorial election, hopefully it will go to legislation and get a bill passed, so we can get a tax credit for the state - build a state-of-the-art studio here and make this Hollywood 2.0," he said. GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/fox-news-entertainment/mark-wahlbergs-former-la-home-listed-21-8m-three-years-after-star-moved-las-vegas

Inappropriate comments about Charlie Kirk assassination gets workers fired

Posted by radio1n1 — Sat, 13 Sep 2025 10:00 GMT

A growing number of individuals are facing professional consequences, from being fired or placed on administrative leave, for public comments they made in the wake of the assassination of conservative commentator Charlie Kirk. After the 31-year-old CEO of Turning Point USA was shot and killed during an event at Utah Valley University on Wednesday, a growing list of political leaders, business figures and media outlets across the spectrum condemned the political violence. But others cited Kirk's political views as a reason not to mourn his death, which critics argued minimized or excused the violence. At the same time, others used it as an opportunity to highlight the rise in shootings, particularly those claiming the lives of children. High-profile figures like MSNBC political analyst Matthew Dowd was seen as the first of many figures to face consequences for his comments, but the list quickly grew. CHARLIE KIRK ASSASSINATION SUSPECT TYLER ROBINSON NAMED, MUGSHOTS RELEASED Matthew Dowd was fired from the network after his comments during MSNBC's coverage of the shooting. Dowd was asked about "the environment in which a shooting like this happens." In response, Dowd said: "He's [Kirk] been one of the most divisive, especially divisive younger figures in this, who is constantly sort of pushing this sort of hate speech or sort of aimed at certain groups. And I always go back to, hateful thoughts lead to hateful words, which then lead to hateful actions. And I think that is the environment we are in. You can't stop with these sort of awful thoughts you have and then saying these awful words and not expect awful actions to take place. And that's the unfortunate environment we are in." PANTHERS FIRE STAFFER OVER INSENSITIVE CHARLIE KIRK ASSASSINATION SOCIAL MEDIA POSTS "During our breaking news coverage of the shooting of Charlie Kirk, Matthew Dowd made comments that were inappropriate, insensitive and unacceptable," MSNBC president Rebecca Kutler said in a post on X. "We apologize for his statements, as has he. There is no place for violence in America, political or otherwise." Meanwhile, Dowd said in a separate post that he never intended for my comments to blame Kirk for his horrendous attack. "I was asked a question on the environment we are in," he said. "I apologize for my tone and words. Let me be clear, I in no way intended for my comments to blame Kirk for this horrendous attack. Let us all come together and condemn violence of any kind." Friday, executives at parent company Comcast NBC Universal, sent a memo to employees with stern instructions. "The tragic loss of Charlie Kirk, a 31-year-old father, husband, and advocate for open debate, whose faith was important to him, reminds us of the fragility of life and the urgent need for unity in our nation. Our hearts are heavy, as his passing leaves a grieving family and a country grappling with division. There is no place for violence or hate in our society," the Comcast CEO Brian Roberts, President Mike Cavanagh and prospective Versant CEO Mark Lazarus wrote, as reported by Fox News Digital. The Carolina Panthers fired an employee, Charlie Rock, who made social media posts following the assassination of Kirk. A source briefed on the Panthers' decision confirmed to Fox News Digital that Rock, a member of the team's communications department, was fired on Thursday. Social media posts linked to Rock appeared to show him questioning why people were sad that Kirk had been shot and killed. The song "Protect Ya Neck" from the Wu-Tang Clan was also shared. CHARLIE KIRK DEAD: LIVE UPDATES "The views expressed by our employees are their own and do not represent those of the Carolina Panthers," the team said in a statement posted to social media. "We do not condone violence of any kind. We are taking this matter very seriously and have accordingly addressed it with the individual." A Secret Service employee was put on leave after posting on Facebook about Kirk's assassination. Anthony Pough, an employee of the protective agency, posted on Facebook, according to several outlets, that condemned those mourning Kirk saying the conservative commentator "spewed hate and racism on his show." "Especially when we should be mourning the innocent children killed in Colorado," he added. GET FOX BUSINESS ON THE GO BY CLICKING HERE The U.S. Secret Service told FOX Business that the employee was immediately put on administrative leave, and they launched an investigation into the matter. The agency said it "will not tolerate behavior that violates our code of conduct." via: https://www.foxbusiness.com/lifestyle/workers-who-mocked-charlie-kirk-death-fired-placed-leave

Gemini co-founders tout 'golden age of innovation' amid Trump's pro-crypto policies

Posted by radio1n1 — Fri, 12 Sep 2025 20:50 GMT

Two major leaders in cryptocurrency are excited about the future of Bitcoin and are crediting President Donald Trump for fueling its recent growth. Gemini co-founders Tyler and Cameron Winklevoss, fresh off their company's debut on Nasdaq and $3 billion market cap, touted their cooperation with the Trump administration's pro-cryptocurrency posture. "This administration and President Trump are obviously very pro-crypto, pro-business and pro-innovation," Cameron Winklevoss, Gemini's co-founder, said during an interview Friday on "The Claman Countdown." WINKLEVOSS GEMINI IPO ANOTHER CRYPTO WIN "That's very important to have the president and the White House sort of behind the growth of this industry, and I think every promise that was made has been kept, and then some. So, we're very encouraged with everything we're seeing." EX-WALL STREET EXEC ALLEGEDLY DIVERTED MILLIONS FROM CASINO STARTUP TO FUND PERSONAL GAMBLING, CRYPTO TRADE Cameron Winklevoss expanded on his optimism, suggesting the Trump administration's policies could help usher in an "American golden age of innovation," citing Bitcoin as one of the most important assets of the past 10 years. "I think it's just the beginning," he told host Liz Claman. The brothers also discussed their partnership with Mastercard on a Gemini Credit Card that can earn up to 4% back in crypto on select categories. "It's really exciting," Cameron Winklevoss said. "I think people are done with the points game and the airline lounge game, where you, like, wait online, and then you can't get a seat once you get into the lounge." HOW TYLER WINKLEVOSS IS CEMENTING AMERICA'S CRYPTO COMEBACK He touted the crypto-powered credit cards as a long-term investment in personal wealth. "Don't change your behavior," Tyler Winklevoss said, referring to purchasing habits. "Just swipe every time you buy something and invest in your future." Tyler Winklevoss also addressed how Gemini aims to "crush the competition" beyond its public market debut and the card, pointing to security and UX. READ MORE FROM FOX BUSINESS "Build great product with great design and user experience," he said. "We've never had a security instance ever in the history of Gemini. ... We use simple, reliable, secure, easy-to-use products like the Gemini credit card, and then the customers will choose us." via: https://www.foxbusiness.com/media/gemini-co-founders-tout-golden-age-innovation-amid-trumps-pro-crypto-policies

Americans shatter fundraising records after Charlie Kirk's tragic death at university event

Posted by radio1n1 — Fri, 12 Sep 2025 16:20 GMT

After conservative activist Charlie Kirk was shot and killed on Wednesday, Americans across the country donated millions of dollars through online fundraisers for his family, a surge of support underscoring his influence on the right and the legacy he left behind. On GiveSendGo's giving platform, fundraising efforts have amassed more than $2.8 million. The company confirmed to Fox News Digital that one campaign set a record for raising the most money in the shortest period of time. "GiveSendGo has always been a place where people can immediately respond to crises. Within hours of Charlie's tragic death, friends and supporters had set up a campaign. The fact that it took off so quickly shows just how deeply his life impacted people and how urgent the desire was to support his family," GiveSendGo co-founder and co-CEO Heather Wilson told Fox News Digital. "What we're seeing is that people want to respond quickly when tragedy strikes, and crowdfunding has become one of the primary ways they do that. LIVE UPDATES: CHARLIE KIRK ASSASSINATION SUSPECT TYLER ROBINSON NAMED, MUGSHOTS RELEASED "We always remind ourselves that behind every campaign are real people who are hurting. Our responsibility is to provide a safe and secure platform for people to rally around one another in times of need," Wilson added. "When the spotlight is on us, we don't see it as pressure. We see it as an opportunity to point people back to hope, generosity and community." The co-founder noted that Americans' generosity at this moment shows that grief often turns into action. "When people feel powerless in the face of tragedy, giving becomes a tangible way to express love, solidarity and care," she said. "We also have a prayer button right next to the give button. People who can't give financially are still able to share hope, encouragement and prayer with the family, and that outpouring has been just as, if not more, moving than the dollars raised. It is exactly what Charlie stood for - a relationship with Jesus." Several campaigns have also been started on GoFundMe, where a spokesperson told Fox News Digital that people are raising money for Kirk's wife and children and a permanent memorial at Utah Valley University. Some of the organizers include students from Utah Valley University and Turning Point USA chapter members. "Our hearts go out to the Kirk family and everyone impacted by this tragedy. At GoFundMe, being a safe and trusted place to give and receive help is our top priority," the spokesperson said. "Our team is swiftly reviewing each fundraiser related to this horrific shooting to ensure they are verified and that funds are safely delivered to the intended beneficiaries." GoFundMe also said there's a team dedicated to verifying each fundraiser, and it must be clear who the organizer is, who they're raising funds for and their relationship to the recipient. Verified fundraisers have raised more than $12,000 so far. If GoFundMe cannot confirm information or verify legitimacy, its system allows for the fundraiser to be removed and donors refunded. The company emphasized its "zero tolerance" policy for misuse or fraud. "We are actively working with fundraiser organizers to gather information and complete our verification reviews, and we appreciate their cooperation in working with us to help keep the platform safe," the spokesperson continued. Kirk, a conservative media personality and founder of Turning Point USA, was shot at Utah Valley University while speaking at an event on campus Sept. 10. He died of his injuries at a local hospital, Utah officials said. President Donald Trump was the first to officially announce Kirk's death, writing on Truth Social, "The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us. Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!" GET FOX BUSINESS ON THE GO BY CLICKING HERE During a "Fox & Friends" appearance Friday, Trump announced that the alleged suspect was in custody, saying, "I think with a high degree of certainty, we have him. ... Essentially, someone who knew him turned him in." Utah officials and the FBI confirmed at a press conference Friday morning that the suspect is 22-year-old Utah resident Tyler Robinson. Trump said he hopes the suspect gets the death penalty if found guilty. He also explained how investigators located the suspect - with help from a minister, a member of the U.S. Marshals Service and the suspect's father. READ MORE FROM FOX BUSINESS Fox News staff contributed to this report. via: https://www.foxbusiness.com/media/americans-shatter-fundraising-records-after-charlie-kirks-tragic-death-university-event

FBI reward for info leading to arrest of Charlie Kirk's assassin boosted by private donations

Posted by radio1n1 — Fri, 12 Sep 2025 16:10 GMT

The FBI's reward for information leading to the capture of the suspect who assassinated Charlie Kirk was boosted by offers of private donations. Amid the manhunt for Kirk's killer, the FBI on Thursday announced a $100,000 reward for information leading to the assassin's apprehension, directing potential respondents to contact the FBI's tip line and submit any photos or videos to a website for the shooting. The suspected killer, Tyler Robinson, was arrested in Washington County, Utah, late Thursday. While the search was ongoing, several private individuals offered to augment the FBI's reward in the interest of bringing Kirk's killer to justice, including Trump advisor Alex Bruesewitz, conservative activist Robby Starbuck and billionaire Bill Ackman. CHARLIE KIRK'S SUSPECTED ASSASSIN IDENTIFIED AFTER FATAL SHOOTING OF INFLUENTIAL CONSERVATIVE VOICE IN UTAH Bruesewitz said during a Thursday appearance on Fox News' "The Story" that he would add $25,000 to the FBI's reward to boost the total to $150,000. He said that Kirk had been his friend since the age of 16 and that Kirk was an "incredible man" who he said was the "most impactful voice of our generation." "He would never hurt anyone. It breaks my heart that it was him who got hurt," Bruesewitz said. "He only wanted to have conversations with people. He only wanted to debate people. He didn't use violence. He didn't use violent rhetoric. He just spoke the truth." WHO IS TYLER ROBINSON? WHAT WE KNOW ABOUT CHARLIE KIRK'S SUSPECTED ASSASSIN Conservative activist Robby Starbuck followed up by pledging to match Bruesewitz's contribution and bring the combined reward to $150,000. Starbuck added that he hoped others would do the same and that the reward "should be higher" because "this monster must receive the death penalty." Billionaire Bill Ackman responded to a post outlining Bruesewitz and Starbuck's pledges, adding that, "I am in for $1,000,000." CHARLIE KIRK DEAD AT 31: WHAT TO KNOW ABOUT HIS LEGACY AT TURNING POINT USA After accounting for those three contributions, the FBI's reward swelled from $100,000 to $1,150,000. It's unclear at this time whether the reward money will be paid out following the arrest of Robinson on charges related to Kirk's murder. GET FOX BUSINESS ON THE GO BY CLICKING HERE Fox News Digital's Greg Wehner contributed to this report. via: https://www.foxbusiness.com/politics/fbi-reward-info-leading-arrest-charlie-kirks-assassin-boosted-private-donations

United Airlines CEO gives 5-word prediction that low-cost rival will go out of business

Posted by radio1n1 — Fri, 12 Sep 2025 15:19 GMT

United Airlines and Spirit Airlines are clashing over the future of ultra-low-cost carrier (ULCC) models. While Spirit has thrived on this model, it filed for its second bankruptcy in under a year late last month. Speaking at an industry conference on Thursday, United Airlines CEO Scott Kirby predicted Spirit Airlines would soon be out of business. "That is a fundamentally broken business model, and the consumer has voted. They are going out of business because customers do not like their product," Kirby told moderator Brian Sumers, an airline industry journalist, according to APEX. When asked how he was so confident in the prediction, Kirby said simply, "because I'm good at math." SPIRIT AIRLINES CUTS ROUTES, RIVALS POUNCE AS BUDGET CARRIER FACES BANKRUPTCY TURBULENCE The sentiment is similar to one that Kirby expressed at the U.S. Chamber of Commerce's Global Aerospace Summit in Washington, D.C., earlier in the week. During the summit, he called the ULCC model "an interesting experiment" that ultimately "failed," Reuters reported. "And it seems unlikely to me that Spirit can keep flying because their customers dislike the airline and don't want to fly," Kirby said on Tuesday. Spirit Airlines fired back on X, saying, "Scott is finally right about something - it is all about customers. Our Guests love low fares, especially our new Spirit First and Premium Economy options. Maybe that's why United executives can't stop yapping about us." While the two airlines argue, recent actions by each of the companies could indicate where they are headed. DELTA AIR LINES IS ENDING SERVICE TO SOUTHWEST CITY Spirit Airlines announced earlier this month that it would be cutting several routes. The airline told FOX Business in a statement that it would end service to Albuquerque, N.M.; Birmingham, Ala.; Boise, Idaho; Chattanooga, Tenn.; Columbia, S.C.; Oakland, Calif.; Portland, Ore.; Sacramento, Calif.; Salt Lake City, Utah; San Diego, Calif.; and San Jose, Calif., effective the week of Oct. 2. The airline will no longer launch service in Macon, Ga., which was scheduled to begin Oct. 16. Meanwhile, around the same time, United Airlines announced it would capitalize on routes discontinued if Spirit goes out of business. Starting Jan. 6, 2026, United Airlines will have new routes to 15 cities, including Fort Lauderdale, Orlando and Las Vegas, according to the airline. United Airlines Senior Vice President of Global Network Planning and Alliances Patrick Quayle took a swipe at Spirit in a statement on the added routes. "If Spirit suddenly goes out of business, it will be incredibly disruptive, so we're adding these flights to give their customers other options if they want or need them," Quayle said. When asked about Kirby's comment about the airline going out of business, Spirit referred FOX Business to a previous statement made by Senior Vice President of Corporate Communications Duncan Dee. In the statement, which was issued in response to Quayle's comments, Dee accused United Airlines executives of being "obsessed" with the no-frills carrier. Dee added that Spirit Airlines was "focused on competing and running a great operation." GET FOX BUSINESS ON THE GO BY CLICKING HERE It remains unclear whether Spirit will be able to continue offering passengers affordable travel options or if its yellow planes are doomed to be grounded. FOX Business reached out to United Airlines for comment but did not immediately receive responses. FOX Business' Daniella Genovese contributed to this report. via: https://www.foxbusiness.com/economy/united-airlines-ceo-gives-5-word-prediction-low-cost-rival-go-out-business

Homeownership costs spike as insurance premiums, other fees rise

Posted by radio1n1 — Fri, 12 Sep 2025 14:23 GMT

Homeowners have faced a sharp rise in monthly costs over the past five years, reaching new highs in 2024, according to a recent report. In 2024, the median monthly ownership costs for U.S. homeowners with a mortgage increased to $2,035 from the inflation-adjusted $1,960 in 2023, according to data from the American Community Survey (ACS) that was released by the U.S. Census Bureau. That 3.8% increase, driven largely by higher mortgage payments and insurance fees, outpaced the 3% rise recorded between 2022 ($1,902) and 2023. Monthly costs have risen 26% since 2019, when the typical monthly cost for mortgage holders was $1,609, according to Realtor.com MORE LUXURY HOMEBUYERS PAYING WITH CASH THIS YEAR, REPORT SAYS "One way we measure housing affordability is based on how much households spend on selected costs such as mortgage payments, insurance, taxes, utilities and various fees," Jacob Fabina, a Census Bureau economist, said. "In 2024, the median percentage of income householders with a mortgage spent on these costs was 21.4%, which points to an increased burden on homeowners." Homeowners with a mortgage in California, Hawaii, New Jersey, Massachusetts and the District of Columbia faced the highest median monthly costs, according to the report. In 2024, those figures reached $3,001 in California, $2,937 in Hawaii, $2,797 in New Jersey, $2,755 in Massachusetts and $3,181 in the District of Columbia. THESE STATES SEE THE MOST ALL-CASH HOME PURCHASES Vermont and New Mexico saw the largest increases in the number of homes that were paid off and owned free and clear between 2023 and 2024, according to the report. Aside from the typical mortgage and insurance costs, some homeowners also pay a homeowners' association (HOA) or condo fees. The report from the Census Bureau indicated that approximately 21.6 million owned U.S. households, out of a total of about 86.6 million, paid either a condo or HOA fee last year. HOME PRICES REACH RECORD HIGH IN JUNE - THESE STATES ARE THE MOST EXPENSIVE The monthly median condo or HOA fee in 2024 was $135, though those fees differed between households with and without a mortgage. For instance, households with a mortgage paid a monthly median fee of $120, while those without a mortgage paid $184. GET FOX BUSINESS ON THE GO BY CLICKING HERE At the same time, renters were also hit with higher costs. The median gross rent, which includes the cost of utilities, increased 2.7% to $1,487 in 2024 from $1,448 in 2023, adjusted for inflation, according to the ACS. Meanwhile, the median percentage of income going toward rent did not increase in 2024, staying at 31%. via: https://www.foxbusiness.com/lifestyle/homeownership-costs-spike-insurance-premiums-other-fees-rise

Winklevoss Gemini IPO another crypto win

Posted by radio1n1 — Fri, 12 Sep 2025 13:39 GMT

Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, will begin trading on Friday after raising $425 million in an initial public offering that signals another advance for the industry. Shares, which trade under the ticker GEMI, priced at $28 - the high end of the expected $24 to $26 range - giving the company a market cap of about $3 billion. It is listed on the Nasdaq, which recently invested $50 million in the deal. The platform is "intended to simplify and secure the process of buying, selling, storing, staking, and collecting the digital assets that power the cryptoeconomy," as noted in the prospectus filed with the Securities and Exchange Commission. It will join Coinbase and Bullish, two other publicly traded crypto exchanges. The IPO advances the industry's American revival that began under President Donald Trump after the establishment of the GENIUS Act, signed in July, which is aimed to make the U.S. the crypto capital of the world. "The Trump administration has been incredible for our industry. It ended the war on crypto and Gary Gensler's attacks and lawfare against us. It has also repealed a lot of guidance, rulemaking and bulletins that made it impossible for many market participants to do business in crypto," Tyler told FOX Business earlier this month ahead of the IPO. The brothers recently committed $21 million in bitcoin to the Digital Freedom Fund PAC, which supports pro-crypto political candidates with a focus on the upcoming midterm elections in efforts to maintain Republican control of the House and Senate. Bitcoin, the largest crypto by market value, has advanced 22.5% this year and hit a new record Thursday night, hovering above $115,000. CEO Tyler Winklevoss and President Cameron Winklevoss will maintain 94.7% of the voting power of common stock. Ahead of the deal, the two were worth $14 billion, according to the Bloomberg Billionaire's Index. About $21 billion of assets flowed through the platform with $285 billion in trading volume, as of July. The exchange is not profitable with $285.2 million in losses through June. Still, the duo sees a long runway ahead. "While we are still in the early stages of adoption, we believe that the cryptoeconomy will be embraced by billions of individuals and businesses globally in the coming decades," the company outlined in the SEC filing. GET FOX BUSINESS ON THE GO BY CLICKING HERE Ethereum, the second-largest crypto, is up nearly 32%. It is still below its record $4,955.23 also reached last month. By comparison, the S&P 500, the broadest measure of the stock market, is up 12%. via: https://www.foxbusiness.com/markets/winklevoss-gemini-ipo-another-crypto-win

Social Security beneficiaries expected to get bigger cost-of-living-adjustment in 2026

Posted by radio1n1 — Fri, 12 Sep 2025 13:21 GMT

Social Security beneficiaries are likely to receive a larger cost of living adjustment (COLA) next year after the latest inflation data show price pressures persisting, according to a new report. Social Security's COLA is calculated using a variant of CPI data that measures average annual inflation for the months of July, August and September - meaning the final COLA for 2026 will be unveiled after September's CPI print is released in mid-October. The Bureau of Labor Statistics on Thursday released the consumer price index (CPI) for August, which showed headline inflation rising from 2.8% in July to 2.9% last month on a year-over-year basis. Headline CPI rose 0.4% for the month of August. With the latest data in hand, The Senior Citizens League (TSCL) estimated that the Social Security COLA will be 2.7% when it's announced next month - which would raise the average monthly benefit for retired workers by $54 from $2,008 to $2,062. A BIG CHANGE IS COMING FOR SOCIAL SECURITY RECIPIENTS AT THE END OF SEPTEMBER TSCL noted that its latest estimate is higher than what was projected at the outset of this year, when it estimated there would be a 2.1% COLA, because "inflation is substantially higher" than its model anticipated. It also noted that a COLA of 2.7% would be roughly average from a historical standpoint, as the annual benefit adjustments have averaged 2.6% over the last 20 years. The highest COLA was 8.7% in 2023, while the lowest were in 2010 and 2011 when the COLA was 0.0%. INFLATION REMAINED STUBBORNLY HIGH IN AUGUST AS FED WEIGHS RATE CUTS TSCL Executive Director Shannon Benton noted that the group's research shows that "many seniors believe inflation is much higher than the COLA estimates," and that about 80% of seniors thought inflation last year was substantially higher than the 2.5% COLA implemented at the start of this year. The nonpartisan Committee for a Responsible Federal Budget (CRFB) developed its own forecast for Social Security's 2026 COLA, which estimates the annual inflation adjustment will be slightly higher at 2.8%. GET FOX BUSINESS ON THE GO BY CLICKING HERE "For many people, Social Security is the only inflation-protected income they have in retirement," said Bill Sweeney, AARP's senior vice president of government affairs. "The COLA allows America's seniors to keep us as everyday costs continue to rise - from groceries to housing to prescription drugs." via: https://www.foxbusiness.com/economy/social-security-beneficiaries-expected-get-bigger-cola-amid-persistent-inflation

Experts detail the costs of private security services

Posted by radio1n1 — Fri, 12 Sep 2025 13:13 GMT

Many high-profile individuals will use a security detail to some degree when they are in public spaces. Maintaining that level of protection, however, can be a significant investment, often reaching into the tens of thousands of dollars. The heightened attention regarding private security details comes after the assassination of Turning Point USA founder Charlie Kirk during an event at a Utah college on Wednesday. Earlier this year, SaferWatch, a security platform designed to enhance emergency response across public and private institutions, has seen a surge in inquiries from Fortune 500 companies looking to boost protection for their C-suite executives and families following after UnitedHealthcare CEO Brian Thompson was gunned down in New York City in December by alleged shooter Luigi Mangione. MURDER OF HEALTHCARE EXECUTIVE TRIGGERS SURGE IN PERSONAL SECURITY REQUESTS DUBBED 'LUIGI EFFECT' And in a July 2025 incident in New York City, Wesley LePatner walked into 345 Park Avenue, home to the NFL, KPMG and Blackstone, killing four people before taking his own life. SaferWatch CEO Geno Roefaro told FOX Business that security isn't one-size-fits-all, meaning the type of security needed and the cost associated with that protection can vary to a significant degree. "For some, it's a single trained professional," he said. "For others, it's a full team that travels, scouts venues and monitors threats," he said, adding that the right solution depends on a person's profile, risk and lifestyle. While Roefaro said he doesn't have particular knowledge of Kirk's past and active threats, he noted that if they were common, it would typically require a "more day-to-day security bubble and reassessment." NYC OFFICE SHOOTING RAISES NEW CORPORATE SECURITY CONCERNS FOR BUSINESS LEADERS To put the costs into perspective, Roefaro's company estimated that executive security, which is different from a traditional basic security guard, can run a couple of hundred dollars per hour per executive security guard. Top-notch armed security usually includes active or retired law enforcement or military members and can cost anywhere between $125 to $200 an hour depending on the daily schedule and the threat level of the individual being protected, according to Roefaro. Having an armored vehicle as part of the security bubble will also be a significant addition to the budget and can be hundreds of dollars a day to rent, he added. BARSTOOL'S DAVE PORTNOY RAISES FUNDS FOR NYPD OFFICER KILLED IN MIDTOWN SHOOTING Bill Stanton, a former NYPD officer and security expert who handled security for Jackie Kennedy Onassis, John F. Kennedy Jr. and the Rockefellers, told FOX Business that "it's not a cheap endeavor" even with just two people. A two-man "day rate" on average, depending upon various factors such as skill set and location, can start out between $3,000 and $5,000. "To use a security detail, to potentially have prevented what happened, you would need at least a dozen agents, if not more on the assassination of Chirlie Kirk," Stanton said. Stanton said that professional security for a public figure will consist of a team that arrives days or weeks before an event to coordinate with local police or campus security. On the day of the event, there will be another bodyguard who stays close to the subject, while other team members manage broader protection. GET FOX BUSINESS ON THE GO BY CLICKING HERE A competent elite-level agent will cost roughly $250 per hour, which means if someone has a 10-man team, it would cost about $2,500 an hour and upward of $25,000 to $30,000 a day, according to Stanton. "That becomes quite expensive. And that's only one team," he said. Typically, that team must be relieved after a certain period, meaning there is often a rotation of 24 to 36 agents to cover everything from travel to home security. via: https://www.foxbusiness.com/lifestyle/experts-detail-costs-private-security-services

Federal budget deficit grows $92B to nearly $2T even as Trump tariffs increase revenue

Posted by radio1n1 — Fri, 12 Sep 2025 10:00 GMT

The federal government's budget deficit reached $2 trillion for the current fiscal year as the deficit has widened by nearly $100 billion from last year. The nonpartisan Congressional Budget Office (CBO) released its monthly budget update for August, which showed the deficit reached $1.989 trillion in the first 11 months of fiscal year 2025. That amounts to a $92 billion increase in the deficit when compared with the first 11 months of fiscal year 2024. Overall, federal spending was up by $391 billion from a year ago, an increase of 5%, while tax receipts rose $299 billion, or 7%, in the first 11 months of fiscal year 2025. The increase in federal tax receipts was largely attributable to the Trump administration's tariffs, which increased import taxes for many goods since February. US DEBT TO SURGE TO 120% OF GDP AS FEDERAL DEFICITS SPIRAL OVER THE NEXT DECADE UNDER NEW PROJECTIONS The CBO said that customs duties collected were up $95 billion, or 137%, so far in this fiscal year compared with the same period in fiscal year 2024, and totaled $165 billion for the first 11 months of fiscal year 2025. Individual income tax receipts were up by $181 billion, or 8%, and have totaled $2.357 trillion in fiscal year 2025 so far. Payroll taxes are up $48 billion, or 3%, and have totaled $1.615 trillion in the first 11 months of the fiscal year. Corporate income taxes fell by $32 billion, or 8%, when compared with the same period last year. The CBO noted that natural disasters declared in fiscal year 2023 caused about $35 billion in corporate tax payments to shift into fiscal year 2024, which led to the apparent decline from last year. NATIONAL DEBT TRACKER: AMERICAN TAXPAYERS (YOU) ARE NOW ON THE HOOK FOR $37,450,743,855,028.23 The federal government spent $6.7 trillion in the first 11 months of fiscal year 2025, and much of the $395 billion increase from last year was driven by mandatory spending programs like Social Security and Medicare, as well as the rising cost of debt service. Payments of Social Security benefits were up $111 billion, or 8%, from the same period last year due to higher benefit payments from the annual cost-of-living adjustment (COLA) as well as a growing number of beneficiaries amid the aging of the U.S. population. Medicare spending also increased by 8% and was $64 billion higher than the same period last year due to higher payment rates and a rise in the number of enrolled beneficiaries. US DEBT TOPS $37 TRILLION AND THE 'BIG, BEAUTIFUL BILL' ALLOWS IT TO RISE TRILLIONS HIGHER Interest expenses on the national debt were another major driver of the increase in spending and wider budget deficit, as net interest payments rose by $72 billion, or 8%, because the national debt is larger than it was last year. For the month of August alone, the federal government ran a $360 billion budget deficit, a decrease of $20 billion from last year. July's monthly budget deficit was revised up by $2 billion to a total of $291 billion. CBO noted that the federal government will record a spending reduction of about $130 billion in September that stems from changes made to federal student loan programs in the Trump administration's One Big Beautiful Bill Act. GET FOX BUSINESS ON THE GO BY CLICKING HERE Taking that budgetary move into account with the rest of its analysis, the CBO is currently estimating that the final budget deficit for fiscal year 2025 will total $1.9 trillion. That would rank as the third-largest budget deficit in U.S. history, trailing only the fiscal year 2020 and Fiscal year 2021 deficits incurred during the COVID-19 pandemic. via: https://www.foxbusiness.com/politics/federal-budget-deficit-grows-92b-nearly-2-trillion-even-trump-tariffs-increase-revenue

Paramount Skydance prepping bid to buy Warner Bros. Discovery: report

Posted by radio1n1 — Thu, 11 Sep 2025 22:01 GMT

Paramount Skydance is preparing a bid to buy Warner Bros. Discovery, according to The Wall Street Journal. A report published Thursday cited sources who told the Journal that Paramount Skydance, which went through its own merger last month and is now being led by David Ellison, is seeking to acquire the movie studio and cable networks run by one of the company's top rivals. If completed, the deal would mark the largest merger of two legacy Hollywood studios under one corporate umbrella. NEW PARAMOUNT CEO ISSUES ULTIMATUM TO WORKERS: RETURN TO OFFICE FULL-TIME OR LEAVE Warner Bros. Discovery announced in June that the company was splitting the studio from its cable networks. The spinoff company, dubbed Discovery Global Networks, included CNN, TBS and TNT. It is unclear whether the corporate split would be halted as a result of a Paramount Skydance bid. Paramount's potential acquisition of Warner Bros. Discovery would put HBO and CNN in the same corporate umbrella as CBS, Showtime, and several other cable networks, including Nickelodeon, MTV, BET and Comedy Central. PARAMOUNT, SKYDANCE COMPLETE $8 BILLION MERGER AS FCC CONTINUES CBS PROBE The Journal noted that "a bid hasn't yet been submitted and the plans could still fall apart." Warner Bros. Discovery declined to comment. Paramount did not immediately respond to a request for comment. Last month, Paramount merged with Skydance in an $8 billion transaction, which was ultimately approved by the FCC following Paramount's months-long legal battle with President Donald Trump. Trump had sued Paramount and CBS News over election interference in the network's handling of its "60 Minutes" interview with then-Vice President Kamala Harris that aired in the weeks leading up to the November election. Paramount settled Trump's lawsuit in July. PARAMOUNT, CBS FORCED TO PAY EIGHT FIGURES, CHANGE EDITORIAL POLICY IN SETTLEMENT WITH PRESIDENT TRUMP Warner Bros. Discovery isn't the only media asset Ellison reportedly has his eyes set on. Ellison is also seeking to buy The Free Press for $100-200 million and reportedly plans to give its founder, independent journalist Bari Weiss, a leading editorial role at CBS News. Fox News' Brian Flood contributed to this report. GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/media/paramount-skydance-prepping-bid-buy-warner-bros-discovery-report

OpenAI's nonprofit parent company secures $100B equity stake while retaining control of AI giant

Posted by radio1n1 — Thu, 11 Sep 2025 21:38 GMT

Artificial intelligence giant OpenAI on Thursday announced its nonprofit parent will retain control of the company while also gaining an equity stake worth more than $100 billion. The move will allow OpenAI to raise new capital while also making its nonprofit parent company "one of the most well-resourced philanthropic organizations in the world," according to Bret Taylor, chairman of OpenAI's board. OPENAI TEAMS UP WITH WALMART TO TRAIN MILLIONS OF WORKERS IN ARTIFICIAL INTELLIGENCE "This recapitalization would also enable us to raise the capital required to accomplish our mission - and ensure that as OpenAI's [public benefit corporation] grows, so will the nonprofit's resources, allowing us to bring it to historic levels of community impact," Taylor said in a statement. OpenAI and Microsoft also said in a joint statement on Thursday that they signed a non-binding memorandum of understanding (MOU) to shape their next phase of partnership and are actively working to finalize a definitive deal. The companies said they are focused on building "the best" artificial intelligence tools that are also safe. OPENAI CEO SAM ALTMAN WARNS OF AI FRAUD CRISIS 'VERY SOON' "OpenAI and Microsoft have signed a non-binding memorandum of understanding (MOU) for the next phase of our partnership," the two companies said in a joint statement Thursday afternoon. "We are actively working to finalize contractual terms in a definitive agreement. Together, we remain focused on delivering the best AI tools for everyone, grounded in our shared commitment to safety." Microsoft has reportedly invested around $13 billion in the ChatGPT creator since 2019. A MAJORITY OF SMALL BUSINESSES ARE USING ARTIFICIAL INTELLIGENCE In May, OpenAI announced it was scuttling its plan to move the company away from a nonprofit structure to becoming a for-profit company. The ChatGPT-maker created a for-profit limited liability company (LLC), which it converted into a public benefit corporation that considers the interests of shareholders as well as OpenAI's mission. The tech giant announced at the time that OpenAI's nonprofit would have operational control over the public benefit corporation and would be a large shareholder in it. OpenAI CEO Sam Altman, who prompted the company's exploration of moving to a for-profit structure to make it easier for the company to raise the large amounts of money for investments he thinks will be needed to achieve artificial general intelligence (AGI), sent a letter to employees at the time explaining the decision and what it means for the company. GET FOX BUSINESS ON THE GO BY CLICKING HERE "OpenAI was founded as a nonprofit, is today a nonprofit that oversees and controls the for-profit, and going forward will remain a nonprofit that oversees and controls the for-profit. That will not change," Altman wrote in May. FOX Business' Eric Revell contributed to this report. via: https://www.foxbusiness.com/fox-news-tech/openais-nonprofit-parent-company-secures-100b-equity-stake-retaining-control-ai-giant

Trump offers detained South Koreans chance to stay in US after major Georgia ICE raid

Posted by radio1n1 — Thu, 11 Sep 2025 20:50 GMT

President Donald Trump has offered the 300 South Koreans rounded up and detained during an Immigrations and Customs Enforcement (ICE) raid in Georgia the opportunity to stay in the U.S. "Each person was allowed to choose, and the U.S. government said essentially, 'If you want to go, you may go; if you want to stay, you may stay,'" South Korean President Lee Jae-myung said at a news conference Thursday, adding that one person had chosen to stay. The offer marks a turnaround from the raid last week, when Trump urged foreign companies to "please respect our nation's immigration laws" and "hire and train American workers." Trump's overture was intended to allow South Koreans with unlawful immigration status to stay and train American workers. FORMER DHS OFFICIAL HAILS ICE RAID ON GEORGIA EV PLANT AS 'GREAT DETERRENT' AGAINST HIRING ILLEGALS Some 300 South Koreans were arrested last week along with 150 others at a Georgia construction site for a $4.3 billion Hyundai and LG Energy Solution factory to build car batteries. The raid was touted by Trump administration immigration authorities but came at a delicate time in the relationship between the U.S. and its ally South Korea. The two nations are engaged in trade negotiations, and Trump has been encouraging South Korea to build plants in the U.S. ICE RAIDS GEORGIA HYUNDAI BATTERY PLANT, SPARKING FIRESTORM WITH SOUTH KOREA - WHAT TO KNOW Lee said South Korean businesses operating in the U.S. were in a "serious state of confusion." South Korean companies have said for years that they've struggled to obtain short-term work visas for their specialists and had come to rely on a lax interpretation of the immigration law that previous administrations had allowed for them. After the raid, Washington and Seoul will engage in discussions about establishing a new visa category for Koreans, the nation's foreign minister, Cho Hyun, said. CLICK HERE TO READ MORE ON FOX BUSINESS "Our businesses that are investing in the United States will no doubt be very hesitant," Lee warned. Reuters contributed to this report. via: https://www.foxbusiness.com/fox-news-politics/trump-offers-detained-south-koreans-chance-stay-us-after-major-georgia-ice-raid

Roblox removes 100 violative experiences referencing Charlie Kirk following campus assassination

Posted by radio1n1 — Thu, 11 Sep 2025 19:42 GMT

Roblox said Thursday it had taken down more than 100 experiences referencing Charlie Kirk that violated the online gaming platform's rules after Wednesday's assassination of the Turning Point USA founder at Utah Valley University. A Roblox spokesperson told FOX Business in an email the company's moderation team began identifying content tied to Charlie Kirk Wednesday after his assassination at Utah Valley University in Orem, Utah. The spokesperson emphasized the platform bans material that re-enacts real-world violent or sensitive events or that promotes terrorism and hate. CHARLIE KIRK DEAD AT 31: WHAT TO KNOW ABOUT HIS LEGACY AT TURNING POINT USA "Our moderation team started seeing violative content around Charlie Kirk yesterday, and we removed over 100 experiences so far and are continuing to take action," the spokesperson said. "We encourage anyone to report content or behavior that may not comply with our policies by using our 'report abuse' feature. When users are found in violation of our community standards, we will take swift action to protect the safety and civility of our community." Kirk, the founder and president of Turning Point USA, was fatally shot in the neck Wednesday while speaking to a large audience from underneath a tent in the middle of an outdoor quad. GAMING PLATFORM ROBLOX TIGHTENS MESSAGING RULES FOR USERS UNDER 13 He was transported to a nearby hospital, where he was later pronounced dead. Kirk had been on campus as part of Turning Point USA's American Comeback Tour, which launched this spring. He was 31 years old. Rep. Anna Paulina Luna, R-Fla., posted to X Thursday that she had been informed of a game on the Roblox platform referencing the assassination of Kirk. BUSINESS LEADERS REACT TO SHOOTING DEATH OF CHARLIE KIRK "I've just been notified that [Roblox] has a game on their platform referencing the assassination of Charlie Kirk," Luna said. "I'm going to be asking [Apple] and the [App Store] to remove their app if they don't immediately remove this, as well as contacting the [Federal Communications Commission] to take down their website." Last year, Roblox announced new safeguards designed to protect younger users, including restrictions that prevent children under 13 from directly messaging others without parental approval, according to Reuters. GET FOX BUSINESS ON THE GO BY CLICKING HERE The company, which has faced claims of child abuse, also said parents and caregivers would gain the ability to remotely oversee their child's account, review friend lists, set spending limits and manage screen time. Fox News Digital's Louis Casiano contributed to this report. via: https://www.foxbusiness.com/fox-news-crime/roblox-removes-100-violative-experiences-referencing-charlie-kirk-following-campus-assassination

Hundreds of blue city retirees reportedly left waiting months for pension payments: 'I need my money

Posted by radio1n1 — Thu, 11 Sep 2025 18:22 GMT

Nearly 300 retired city employees in a Democrat-led city are reportedly still waiting to receive their pension payments, months after accepting early retirement packages as part of a cost-cutting initiative. At a city council meeting Wednesday, Houston Mayor John Whitmire pushed back against criticism that the Houston Municipal Employees Pension System (HMEPS) failed to issue payments, stressing he has no authority over the fund, according to local news outlet KHOU 11 News. "I have no control over the pension fund," Whitmire said. "We've explained that repeatedly, provided the data to our daily paper, but that's not what they want to write, and neither does one of my critics want to show the facts." AMERICANS FACE VASTLY DIFFERENT RETIREMENT COSTS ACROSS STATES AS SOCIAL SECURITY CUTS LOOM More than 1,000 city employees accepted early retirement packages in May to help trim city spending. That number far outpaces HMEPS' usual average of 39 retirements per month, board Chair Sherry Mose told KHOU 11 News. SEVERAL STATE OFFICIALS DEMAND FEDS PROTECT AMERICANS' RETIREMENT PLANS BY CLEARLY REGULATING ESG INVESTMENTS Retirees were originally told it would take about 30 to 60 days to receive their pension payments, but that timeline has not been met, according to ABC13. "I strongly regret retiring," Kathy Caldwell, a retired City of Houston employee who has become increasingly anxious amid mounting bills, told ABC13. "I strongly regret it, and I'm sorry, I'm getting ready to cry. I don't want to, but it's a lot. It's a lot. It's a lot. I need help. I need my money." All outstanding payments are expected to be issued by the end of September, according to Mose. She explained that delays have stemmed from timing issues, as well as errors in the paperwork submitted by some retirees, including missing documents like birth certificates and marriage licenses, KHOU 11 News reported. RETIREMENT PLANNING: THE DIFFERENCES BETWEEN A TRADITIONAL AND ROTH IRA To address the issue, HMEPS has brought on additional staff, and staff has been working overtime, Mose told KHOU 11 News, noting that her office has received more than 13,000 calls regarding the missing payments. "My board members, everyone's been working on this. It's not being placed on the back burner," Mose said. HMEPS is a government-run defined benefit pension plan that offers disability, retirement and survivor benefits to City of Houston employees and HMEPS staff. It serves more than 25,000 people, according to its website. GET FOX BUSINESS ON THE GO BY CLICKING HERE Mayor Whitmire and HMEPS did not immediately respond to FOX Business' request for comment. via: https://www.foxbusiness.com/politics/hundreds-blue-city-retirees-reportedly-left-waiting-months-pension-payments-need-money

Labor Department inspector general announces audit of BLS data collection challenges

Posted by radio1n1 — Thu, 11 Sep 2025 17:43 GMT

The Labor Department's internal watchdog on Wednesday announced an audit into the challenges faced by the Bureau of Labor Statistics (BLS) in collecting data for its inflation and labor market reports. The Labor Department's Office of Inspector General wrote to BLS acting Commissioner William Wiatrowski to inform the agency that the IG's office is "initiating a review of the challenges that Bureau of Labor Statistics encounters collecting and reporting closely watched economic data." In the letter, the IG noted that the BLS announced reduced data collection activities for the consumer price index (CPI) and producer price index (PPI). It added that the BLS "recently issued a large downward revision of its estimate of new jobs in the monthly Employment Situation Report." President Donald Trump fired BLS Commissioner Erika McEntarfer after the July jobs report was weaker than expected and revised employment in May and June downward by 258,000 jobs. Trump claimed the report was "rigged" and accused McEntarfer of political bias. FORMER BLS COMMISSIONER SAYS THERE ARE BETTER WAYS TO COLLECT DATA FOR JOBS REPORTS The BLS routinely revises jobs data for the prior two months with each monthly jobs report it publishes as more of its sample comes in. Response rates to the initial survey have declined over the years, which can create volatility when revisions are made based on more complete data. BLS announced earlier this year that it had scaled back its data collection for inflation reports due to resource shortages. It also faces the prospect of further budget and staffing cuts - the Trump administration's fiscal year 2026 budget request for the Labor Department would cut the BLS budget for jobs reports and inflation data by about 8% each, while also cutting the agency's workforce by a similar amount. WHY DOES THE LABOR DEPARTMENT REVISE JOBS REPORTS? HERE ARE 3 REASONS In July, the BLS announced that in order to "align survey workload with resource levels, BLS suspended data collection for portions of the Consumer Price Index (CPI) sample in select areas across the country," which began this spring. BLS said that it suspended CPI data collection entirely in Buffalo, New York Lincoln, Nebraska, and Provo, Utah, while suspending about 15% of the sample in the other 72 areas around the country. The agency said it did a statistical analysis of the impact of the suspension by running a simulation dating back to 2018, which found that it changed CPI estimates by less than 1/100th of a percentage point. It added that it will "continue to evaluate survey operations and efficiently assign available resources to data collection in a manner that minimizes overall CPI measurement error." TRUMP ORDERS TERMINATION OF LABOR STATISTICS OFFICIAL AFTER JOBS REPORT AND DOWNWARD REVISIONS The Trump administration has also criticized the BLS for the size of its annual benchmark revision to its labor force data. The BLS' preliminary benchmark revision reduced employment from April 2024 to March 2025 downward by 911,000 jobs and the agency will include the final estimate starting with the January 2026 jobs report released next February. BLS goes through the annual benchmarking process to incorporate quarterly state unemployment data as well as more accurate records about business births and deaths into its estimates - a process which helps mitigate the reporting and non-response errors that accumulate through its monthly data collection. Following the release of the preliminary benchmark revision, Labor Secretary Lori Chavez-DeRemer said the "massive downward revision gives the American people even more reason to doubt the integrity of the data being published by BLS." GET FOX BUSINESS ON THE GO BY CLICKING HERE "Leaders at the bureau failed to improve their practices during the Biden administration, utilizing outdated methods that rendered a once reliable system completely ineffective and calling into question the motivation behind their inaction. The Trump administration is putting a stop to years of neglect," Chavez-DeRemer said. Chavez-DeRemer has previously shared BLS statistics posted on the official Labor Department X account to tout progress in the Trump administration's economic agenda on her government X account, including a post related to the July jobs report before Trump fired the BLS chief. via: https://www.foxbusiness.com/economy/labor-department-inspector-general-announces-audit-bls-data-collection-challenges

Gasoline's burden on Americans' wallets lightest since 2005

Posted by radio1n1 — Thu, 11 Sep 2025 16:48 GMT

U.S. drivers are expected to spend the smallest share of their disposable income on gasoline this year than in the past two decades, according to new data from the Energy Information Administration (EIA). The EIA projected that less than 2% of people's personal disposable income will be spent on gasoline in 2025, down from an average 2.4% over the previous decade and the lowest share since 2005, excluding 2020. To get to this percentage, the EIA said it has been comparing gasoline prices, which have declined every year since 2022, with disposable personal income, which it says has increased by a compound annual growth rate of 4% from 2022 through 2024. The EIA forecasts significant decreases in oil and gasoline prices this year, consistent with its previous forecasts, in its September Short-Term Energy Outlook (STEO). GASBUDDY EXPERT SAYS CLAIMS GAS PRICES WILL SEE 'MASSIVE SPIKE' ARE 'INCORRECT ON THE HIGHEST LEVEL' "The good news for consumers is that we are generally seeing lower prices at the pump, and we expect gasoline prices to keep trending lower through next year," EIA acting Administrator Steve Nalley said in a statement. The EIA projected that the average retail price for regular-grade gasoline is expected to sit at about $3.10 per gallon this year and $2.90 per gallon in 2026. Both estimates are down from the $3.30 per gallon average in 2024. RUSSIA CLAIMS US STRIKES ON IRAN HAVE OPENED A 'PANDORA'S BOX' AND COULD LEAD TO GLOBAL 'NUCLEAR CATASTROPHE' The average price for a gallon of regular gasoline on Thursday is $3.19, according to AAA. HOW IRAN CLOSING THE STRAIT OF HORMUZ WOULD IMPACT US, WORLD A contributing factor is that oil prices, which account for more than half of what consumers pay at the pump, are expected to be down in the near term, according to EIA's STEO forecast, which shows Brent crude oil prices falling from $68 per barrel in August to an average of $59 per barrel in the fourth quarter of 2025. Those prices are expected to drop even further to around $50 per barrel in early 2026, according to EIA projections. GET FOX BUSINESS ON THE GO BY CLICKING HERE The drop in oil prices is driven by the uptick in supply expected this year by OPEC+ members. They are slated to increase output further while supply from the outside grows as well, the International Energy Agency said on Thursday. As a result, supply could rise by 2.7 million barrels per day (bpd) in 2025, up from 2.5 million bpd previously forecast. It could also rise a further 2.1 million bpd next year, according to the IEA. Reuters contributed to this report. via: https://www.foxbusiness.com/lifestyle/gasolines-burden-americans-wallets-lightest-since-2005

Jamie Dimon says economy is 'weakening,' warns of uncertain outlook

Posted by radio1n1 — Thu, 11 Sep 2025 14:57 GMT

JPMorgan Chase CEO Jamie Dimon is urging caution about the outlook for the U.S. economy amid persistent uncertainty over the impact of tariffs as well as geopolitical headwinds. "I think you better be careful on that one [on the economic impact on the U.S.], because some of these things have long cycles. So we don't know yet. People are expecting these things to happen right away. But actually, a lot of them haven't happened," Dimon said in an interview on the "Office Hours: Business Edition" podcast released Wednesday morning. Dimon warned that the economic impact of tariffs, shifts in immigration policy, geopolitical challenges, as well as the tax and spending changes in President Donald Trump's One Big Beautiful Bill Act remain to be seen. The JPMorgan CEO separately warned in a Tuesday interview that he thinks the "economy is weakening." "Whether it's on the way to recession or just weakening, I don't know," he told CNBC. His comments this week come after he said earlier this summer that economic conditions could deteriorate soon, pointing to diminished business and consumer confidence along with an anticipated weakening of the labor market and rise in inflation. Dimon said at the time that he hoped that there would be just a "little bit" of a decline in employment and uptick in inflation. JPMORGAN'S DIMON SPOKE WITH DEM SOCIALIST NYC MAYORAL CANDIDATE AFTER CALLING HIM A 'MARXIST': REPORT On this week's podcast, Dimon said that he believes the banking industry will go through more consolidation but downplayed the prospects of JPMorgan Chase buying banks in the U.S. or abroad. "We're not allowed to buy a bank in the United States of America. We could overseas if we wanted to, but I probably wouldn't," Dimon said. The firm is launching a digital bank in Germany in 2026 after establishing a presence in the United Kingdom. JPMORGAN'S JAMIE DIMON AND TRUMP APPEAR TO MEND FENCES AFTER PREVIOUS PUBLIC DISAGREEMENTS: REPORT Dimon has run the largest U.S. bank for over 19 years and opted against giving a timeline for his eventual retirement but did offer insights on his potential successor. He said that JPMorgan Chase's next CEO will likely be an insider, while he steps into the role of chairman of the board. "It's when they are ready and it's time for me to go - or some combination of the two," Dimon said. "I have a great relationship with all the people here. The board is likely to make me chairman for a couple of years." JPMORGAN CEO REVEALS WHAT'S KEEPING THE AMERICAN ECONOMY STRONG DESPITE GLOBAL CHALLENGES Last year, Dimon said that he expects to depart JPMorgan Chase within the next five years, though he didn't offer a specific timeline. JPMorgan's board in April 2024 identified potential successors to Dimon on a short- and long-term basis. Daniel Pinto, the bank's president and chief operating officer, who is set to retire at the end of 2026, was identified as a potential short-term CEO. Pinto was the acting CEO in 2020 when Dimon underwent emergency heart surgery. GET FOX BUSINESS ON THE GO BY CLICKING HERE Jennifer Piepszak and Troy Rohrbaugh are candidates for the top job when Dimon eventually departs. They are co-CEOs of the firm's expanded commercial and investment bank. Piepszak has been with the firm for nearly three decades, and Rohrbaugh has worked for JPMorgan since 2005. Other candidates identified by the board include Marianne Lake, CEO of consumer and community banking, and Mary Erdoes, CEO of asset and wealth management. via: https://www.foxbusiness.com/markets/jamie-dimon-says-economy-weakening-warns-uncertain-outlook

Mortgage rates tumble, marking largest weekly drop in a year

Posted by radio1n1 — Thu, 11 Sep 2025 14:22 GMT

Mortgage rates tumbled this week, posting the largest weekly drop in the past year, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.35% from last week's reading of 6.5%. The average rate on a 30-year loan was 6.2% a year ago. "Mortgage rates are headed in the right direction and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more than four years," said Sam Khater, Freddie Mac's chief economist. TREASURY'S BESSENT SAYS FIXING HOUSING AFFORDABILITY CRISIS WILL BE ONE OF HIS 'BIG PROJECTS' THIS FALL ONLY 28% OF US HOMES NOW AFFORDABLE FOR TYPICAL AMERICAN HOUSEHOLD AS BUYING POWER DROPS The average rate on the 15-year fixed mortgage fell to 5.5% from last week's reading of 5.6%. One year ago, the rate on the 15-year fixed note averaged 5.27%. Meanwhile, mortgage applications increased 9.2% last week, according to the Mortgage Bankers Association. The increase in the MBA's index to 297.7, marked the highest in more than three years. The increase was led by a 12.2% increase in the index tracking applications to refinance a mortgage to its highest in nearly a year. Refinancing applications accounted for nearly half of all applications last week, the MBA said. The index tracking loans for property purchases rose 6.6% to its highest in about two months. The housing market has been in a protracted slump due to a combination of high borrowing costs, elevated property prices and limited supply of homes on the market, but recent data suggest the worst may have passed for the sector. The supply of existing homes for sale has been steadily inching higher, annual price increases have started leveling off, and interest rates now appear ready to ease further as the Fed seems ready to shift gears to cut rates as early as next week. GET FOX BUSINESS ON THE GO BY CLICKING HERE The central bank has left its benchmark rate steady since last December at 4.25%-to-4.50% on concern that President Donald Trump's aggressive tariffs would fuel an upswing in inflation. Reuters contributed to this report via: https://www.foxbusiness.com/economy/mortgage-rates-september-11-2025

Ford recalls 1.9M vehicles over rearview camera defect that increases crash risk

Posted by radio1n1 — Thu, 11 Sep 2025 13:59 GMT

Ford Motor Company said Tuesday it is recalling 1.9 million vehicles globally because of defective rearview cameras that may display inverted, distorted or blank images. The recall - which affects a range of vehicles with model years between 2015 and 2019 - includes the Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Edge, Ranger, Expedition, Econoline, Transit and Transit Connect, Reuters reported, citing a filing from the National Highway Traffic Safety Administration (NHTSA). FORD RECALLS 355,000 TRUCKS OVER DASHBOARD DISPLAY FAILURES THAT COULD CAUSE CRASHES "The concern involves the rearview camera displaying a distorted, intermittent or persistent loss of image," a spokesperson for Ford Motor Company told FOX Business in an email. "This condition can reduce a driver's visibility when backing up, increasing the risk of a crash. " The recall includes around 1.45 million American vehicles, as well as 122,000 in Canada and around 300,000 vehicles in other areas, according to Reuters. FORD RECALLS 312K TRUCKS AND SUVS OVER BRAKE FAILURE RISK THAT INCREASES CRASH DANGER The automaker is aware of 18 accidents related to the issue, with no injuries, as well as 44,123 warranty claims globally, Reuters reported. The rearview camera issue stems from an unauthorized change by a sub-supplier to the printed circuit board header tooling, which reduces terminal contact force and leads to fretting corrosion, the spokesperson told FOX Business. FORD AND LINCOLN RECALL OVER 850K CARS, TRUCKS AND SUVS OVER POTENTIAL FUEL PUMP FAILURE "The remedy involves dealers inspecting the rearview camera and replacing it with an updated part if necessary, free of charge," the spokesperson told Fox Business. "The new cameras feature an improved PCB header designed to prevent this issue." Owners affected by the recall will be notified beginning the week of Sept. 22, Ford said. GET FOX BUSINESS ON THE GO BY CLICKING HERE The announcement follows several other recalls from the automaker. In August, the NHTSA said that more than 355,000 Ford trucks sold in the U.S. were being recalled because of an issue with the dashboard display. via: https://www.foxbusiness.com/retail/ford-recalls-1-9m-vehicles-rearview-camera-defect-increases-crash-risk

Browns' Shedeur Sanders in top 5 of NFL's jersey sales despite backup role

Posted by radio1n1 — Thu, 11 Sep 2025 13:56 GMT

Shedeur Sanders may not be playing for the Cleveland Browns, but his popularity is still as high as ever. Sanders, 23, had the fifth-highest jersey sales in the NFL from March 1 to July 31, according to the NFL Players Association. A pair of Philadelphia Eagles superstars topped the list, as running back Saquon Barkley and quarterback Jalen Hurts had the two highest-selling jerseys, respectively. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Washington Commanders star quarterback Jayden Daniels had the third-highest selling jersey, while the reigning NFL MVP Josh Allen had the fourth-highest in that span. Sanders became a household name during his unprecedented slide to the fifth round in the NFL Draft in April and is now the team's third-string quarterback. Sanders had an uneven preseason, as he shined in his first preseason appearance but struggled in his second appearance. COMPANY OFFERS IRATE PHILLIES FAN DEAL FOR HOME RUN BALL AMID CONTROVERSY, 'BUT THERE'S A CATCH' Sanders played with the third-stringers during the team's final preseason game against the Los Angeles Rams and struggled. He entered in the third quarter and completed three of six passes for 14 yards while taking five sacks for a loss of 41 yards. The former Colorado star has not played in NFL action since that preseason game and was the team's third-string and emergency quarterback in the Browns' first game against the Cincinnati Bengals. Sanders' Colorado teammate, Jacksonville Jaguars wide receiver/cornerback Travis Hunter, had the 11th-highest jersey sales in that span. Tennessee Titans quarterback Cam Ward, the No. 1 overall pick in the 2025 NFL Draft, had the 13th-highest jersey sales. Sanders was the only Browns player to be in the top 50 in jersey sales. Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter. via: https://www.foxbusiness.com/sports/browns-shedeur-sanders-top-5-nfls-jersey-sales-despite-backup-role

Tech titan says Trump administration 'really proactive' on keeping American AI leadership ahead

Posted by radio1n1 — Thu, 11 Sep 2025 10:36 GMT

An important player in the global semiconductor and artificial intelligence (AI) industries is praising the Trump administration's plan to keep America ahead of its adversaries. "This administration has been really proactive in working with us in terms of the technology industry, to figure out how we ensure that American AI actually leads the world," Advanced Micro Devices CEO Lisa Su said on "The Claman Countdown" Wednesday. "I had the opportunity to be at the White House last week," she added, "and that was a big topic of conversation, is, how do we accelerate the rate and pace of innovation for U.S. AI? China is an important market to us. Our semiconductors, our chips are also important for national security, so it is very much a balance." NEW SOUTH KOREA LAW SEEN SHIELDING CHINA, TARGETING U.S. TECH, RISKING TRADE CLASH Su, who has led AMD since 2014, does not see an AI bubble in the long term. Instead, she points to accelerating demand that requires partnerships with other major players such as Oracle, Microsoft, Google and Amazon. "We believe that the AI infrastructure for silicon, which is our chips, will be over $500 billion over the next couple of years," Su said. "And this is an opportunity for partnership, which is so, so critical because there's no one company that can do it all." Last week, President Donald Trump hosted tech figures for the first event at the revamped White House Rose Garden. Executives including Apple CEO Tim Cook, Meta founder and CEO Mark Zuckerberg, OpenAI CEO Sam Altman and Microsoft co-founder Bill Gates reportedly praised the administration's "AI Action Plan," highlighting public-private partnerships, semiconductor manufacturing support and a more favorable regulatory and policy environment, according to a White House press release. GET FOX BUSINESS ON THE GO BY CLICKING HERE "I think the key thing here is we want to make sure that there's leadership in the American AI stack, and the administration has really worked with us jointly to figure out how to do that," Su added. "The AI Action plan that has been put out by the administration is actually an excellent blueprint for what it takes for America to lead... America leads in AI today, and we need to run fast and run even faster," she continued. "No question that, in partnership with the U.S. government and in partnership with this administration, we can actually accelerate the rate and pace." READ MORE FROM FOX BUSINESS via: https://www.foxbusiness.com/media/tech-titan-says-trump-administration-really-proactive-keeping-american-ai-leadership-ahead

Inflation remained stubbornly high in August as Fed weighs rate cuts

Posted by radio1n1 — Thu, 11 Sep 2025 10:33 GMT

Inflation rose in August and remained well above the Federal Reserve's target rate as central bank policymakers weigh potential interest rate cuts at their meeting next week. The Bureau of Labor Statistics on Thursday said that the consumer price index (CPI) - a broad measure of how much everyday goods like gasoline, groceries and rent cost - rose 0.4% in August compared with last month, while it rose to 2.9% on a year-over-year basis. The monthly figure was hotter than the estimate of economists polled by LSEG, while the year-over-year figure was in line with expectations. So-called core prices, which exclude volatile measurements of gasoline and food to better assess price growth trends, were up 0.3% from the prior month and 3.1% from a year ago. Both figures were in line with economists' expectations. High inflation has created severe financial pressures in recent years for most U.S. households, which are forced to pay more for everyday necessities like food and rent. Price hikes are particularly difficult for lower-income Americans, because they tend to spend more of their already-stretched paychecks on necessities and have less flexibility to save money. Food prices rose 0.5% in August, as the food at home index jumped 0.6% and the food away from index increased 0.3%. Over the last year, the overall food index is up 3.2%, with food at home up 2.7% and food away from home at 3.9%. Egg prices were flat in August after seeing price declines the prior three months, after prices rose rapidly last year due to an avian flu outbreak. The index for meats, poultry and fish rose 1.1% on a monthly basis and is up 5.4% from a year ago. Dairy prices rose 0.1% in August and are 1.3% higher than last year. The fruits and vegetables index rose 1.2% in August and is 1.9% higher than last year. Housing prices rose 0.4% in August and are 3.6% higher than a year ago. The shelter index was the main driver of the increase in the all-items index. Energy costs decreased 0.1% last month and are up 0.2% from a year ago. Gasoline prices increased 0.3% in August but are down 6.6% compared with last year. Electricity costs fell 0.1% in August but are up 6.2% from a year ago. Transportation costs increased 0.1% on a monthly basis and are 3.5% higher than a year ago. Auto maintenance and repair costs increased 2.4% in August and are up 8.5% compared with last year. Airline fares rose 1.3% last month and are 3.3% higher than at this time last year. This is a developing story. Please check back for updates. via: https://www.foxbusiness.com/economy/cpi-inflation-august-2025

'Do Not Drive' recalls jump more than 65% since summer 2024

Posted by radio1n1 — Thu, 11 Sep 2025 10:30 GMT

The number of critical "Do Not Drive" recalls jumped more than 65% since the summer of 2024, according to recent CARFAX data. In total, about 725,000 vehicles that are currently on the road have a "Do Not Drive" recall, most of which are concentrated in California, Texas, Florida and Arizona, according to the data. "When it comes to safety recalls, overlooking or ignoring them can put lives at risk," CARFAX editor-in-chief Patrick Olsen said, adding that every driver should know their vehicle's status. OVER 6M VEHICLES ON ROAD WITH TAKATA AIRBAGS, 10 YEARS AFTER RECALL Automakers, in partnership with the National Highway Traffic Safety Administration (NHTSA), issue "Do Not Drive" recalls when a vehicle's defect is considered to be dangerous enough that regulators say drivers should not be using the vehicles under any circumstance, even for a short trip. Such recalls are so severe that manufacturers and federal safety regulators urge owners to park the vehicle immediately and have it towed to a dealership. VEHICLE OWNERS SLOW TO ADDRESS RECALL ALERTS FOR POTENTIALLY DEADLY ISSUES The NHTSA has previously warned on its website that "millions of vehicle recalls go unrepaired or unaddressed every year" despite the significant number of recalls issued. Last year, 1,073 safety recalls affected more than 35 million vehicles and pieces of equipment, including tires and car seats, the NHTSA posted in March ahead of "Vehicle Safety Recalls Week." Of that figure, about 29 million were vehicles. FORD, MAZDA ISSUE 'DO NOT DRIVE' ADVISORY FOR 457,000 VEHICLES "Checking for recalls on your vehicle could save your loved ones' lives or your own," NHTSA Chief Counsel Peter Simshauser said in a March statement. FORD, MAZDA ISSUE 'DO NOT DRIVE' ADVISORY FOR 457,000 VEHICLES The problem is that car owners are slow to act. A 2024 report from LexisNexis Risk Solutions revealed that more than one in three owners drag their feet when it comes to acting on recalls when they are issued. For its findings, LexisNexis Risk Solutions surveyed U.S. vehicle owners in July 2024 who purchased or leased a used car with the model year 2013 or newer in the last three years. According to the survey, 29% of vehicle owners had not addressed a recall impacting their car. That figure jumps to about 47% when referring to owners with used vehicles, in particular. Here are the top 15 states with vehicles that have a "Do Not Drive" recall, according to CARFAX: California: 118,400 Texas: 61,200 Florida: 40,600 Arizona: 28,000 Ohio: 25,400 Pennsylvania: 23,500 North Carolina: 22,400 Georgia: 21,900 Tennessee: 21,300 Illinois: 18,800 South Carolina: 18,100 Virginia: 18,100 New York: 18,000 Michigan: 17,500 Washington: 17,400 via: https://www.foxbusiness.com/lifestyle/do-not-drive-recalls-jump-more-than-65-since-summer-2024

Charlie Kirk te pran bal nan yon konferans nan Iniv site Utah Valley.

Posted by radio1n1 — Thu, 11 Sep 2025 08:40 GMT

Haitian Creole: Charlie Kirk te pran bal nan yon konferans nan Iniv site Utah Valley. English: Charlie Kirk was shot at a speaking event at Utah Valley University.#charliekirk #utahvalleyuniversity #charliekirkdied

Klarna CEO calls IPO day a 'very special' moment

Posted by radio1n1 — Thu, 11 Sep 2025 00:32 GMT

Klarna CEO Sebastian Siemiatkowski said it was a "very special" moment after the company was given a $19.5 billion valuation after going public Wednesday Shares of the buy-now-pay-later company rose more than 30% on Wednesday due to the company raising $1.37 billion in its initial public offering. The stock opened at $52 per share, which was higher than its expected $40 pricing. "It is a fantastic marketing opportunity," Siemiatkowski told "The Claman Countdown" on Wednesday. "In the U.S., there's been a demand for an alternative to credit cards. People are tired of getting in debt, tired of the high interest rates that they charge and they want a better product." COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG ONLINE PURCHASES THROUGH AFFIRM The company CEO referenced a past study that found 20% of American households are doing well financially, but feel credit cards are a "product of the devil." "They want a product that is fixed installments, budgeting, easy to use, they can occasionally use a little bit of credit for zero percent to pay something off on an installment and those 20 percent are the ones we're catering to," he explained. Klarna has become a product a lot of people are using for their "everyday purchases," Siemiatkowski said. The company's Visa-powered debit card has 5 million people on the waiting list. "If we would even reach five million, that in itself already, would make us one of the bigger card issuers in the U.S. actually," he told host Liz Claman. "So, it's a quite interesting start to something that we launched six weeks ago." U.S. merchants are paying too much for accepting credit cards and Klarna is giving them an alternative, Siemiatkowski explained. "We're offering this to merchants and they're in themselves offering that to the consumers. So it's the merchants paying for this because they see that as they give people the 0% interest-free credit on installments, they're increasing their sales." GET FOX BUSINESS ON THE GO BY CLICKING HERE Siemiatkowski touched on his modest beginnings and inspirations that led him to pursue entrepreneurship. "If you do something good for your customers, then you're creating a lot of value for society, so it's inspiring," he reflected. via: https://www.foxbusiness.com/media/klarna-ceo-sebastian-siemiatkowski-speaks-ipo

Business leaders react to shooting death of Charlie Kirk

Posted by radio1n1 — Wed, 10 Sep 2025 20:26 GMT

Turning Point USA founder Charlie Kirk died after being shot at an event on Wednesday afternoon at Utah Valley University. He was 31 years old. Kirk's death was confirmed by President Donald Trump. "The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us. Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!" Kirk campaigned for Trump heading into the 2024 election. Video posted from the event appeared to show Kirk being shot as he spoke to the crowd from under a white pop-up tent. Turning Point USA is a nonprofit that empowers students to support and advocate for free markets and limited government. CHARLIE KIRK DEAD: LIVE UPDATES Business leaders and business groups reacted to the news. The advocacy group connected to deceased billionaire philanthropist Foster Friess, who was an early funder and supporter of Turning Point USA, posted a message from Lynn Friess. "'Erika, and the entire Kirk family are in our prayers. I still remember the day when Foster first encountered Charlie at 18, and told me about the wise young man who wanted to save America. Foster was excited to write a check to help start Turning Point. Foster knew then that Charlie would move the culture and change history... and he did! He's gone to be with the Lord. We are devastated by this news.'" "No words," Ackman wrote on X. "RIP Charlie Kirk," Portnoy wrote on X. "It doesn't matter what your opinion is of Charlie or his politics if you don't view this as one of the darkest days in American history than you are part of the problem." "Charlie Kirk was an incredible patriot - brave, tough as hell, and a dear friend to our entire family," Trump wrote on X. "In his honor, all @Trump properties will fly their flags at half-staff. We will always celebrate his life, strive to make him proud, and pray that God watches over Erika and their precious kids." "Rest in peace to my friend, Charlie Kirk. My heart is with his loved ones at this devastating time," Bessent wrote on X. "This inexcusable violence belongs nowhere in a civilized society. Charlie was a brave man, a devoted husband, a loving father, and a great patriot. Please join me in praying for his family and our country." FOX News Digital's Sarach Rumph-Whitten contributed to this report. via: https://www.foxbusiness.com/politics/business-leaders-react-shooting-death-charlie-kirk

Charlie Kirk dead at 31: What to know about his legacy at Turning Point USA

Posted by radio1n1 — Wed, 10 Sep 2025 19:36 GMT

Turning Point USA founder and president Charlie Kirk was shot and killed on Wednesday during an event at Utah Valley University in Orem, Utah. He was 31 years old. Kirk was shot in the neck while speaking to a large crowd from underneath a tent in the middle of an outdoor quad. Following the shooting, Kirk was transported to a local hospital where he was later pronounced dead. He was at the university for an event as part of Turning Point USA's "American Comeback Tour" that launched this spring. Kirk rose to prominence after he dropped out of college to pursue political activism and founded Turning Point USA (TPUSA) to serve as an organization that promotes conservative youth activism at high school and college campuses. TPUSA was founded as a non-profit by Kirk in 2012 after Tea Party activist Bill Montgomery encouraged him to pursue political activism in lieu of attending college and helped him launch the group. Later that year, Kirk met Republican donor Foster Friess, who helped finance the nascent political organizing group. CHARLIE KIRK, TURNING POINT USA FOUNDER, DEAD AT 31 AFTER UTAH CAMPUS SHOOTING According to TPUSA's website, its mission is to "identify, educate, train, and organize students to promote the principles of fiscal responsibility, free markets, and limited government." The group became one of the fastest-growing youth organizations in the U.S. and currently touts a presence on over 3,500 campuses in all 50 states around the country. TPUSA says that it currently employs over 350 full- and part-time staff who are dedicated to recruiting new activists, registering voters and developing leaders within the conservative movement in their various communities. TRUMP RESPONDS TO CHARLIE KIRK SHOOTING: 'LOVED AND ADMIRED BY ALL' The organization operates a national field program that sets up tables on campuses to engage in face-to-face conversations, as well as distributing educational materials, registering new activists and hosting campus events. Kirk conducted an annual tour of college campuses around the country, where he engaged in debate in the "prove me wrong" style that has become synonymous with Kirk's debating methods. DEMS, GOP LAWMAKERS JOIN FORCES TO CONDEMN POLITICAL VIOLENCE AFTER CHARLIE KIRK SHOT TPUSA has also become known for its activist conferences held around the country each year, including six national summits and eight regional conferences. Prominent Republican and conservative political figures are frequently highlighted as speakers at TPUSA events. GET FOX BUSINESS ON THE GO BY CLICKING HERE Among the notable GOP figures who have spoken at such events include President Donald Trump, former Vice President Mike Pence, former U.N. Ambassador Nikki Haley and many others. via: https://www.foxbusiness.com/politics/charlie-kirk-dead-31-what-know-about-his-legacy-turning-point-usa

Ozempic maker to cut thousands of jobs

Posted by radio1n1 — Wed, 10 Sep 2025 16:38 GMT

Novo Nordisk, the maker of in-demand drugs Ozempic and Wegovy, said it will cut thousands of global jobs to simplify operations and reallocate resources toward its diabetes and obesity drugs as rivals take a bite out of the market share. The company announced on Wednesday that it intends to reduce the global workforce by approximately 9,000 of the 78,400 positions in the company, with around 5,000 cuts expected in its home country of Denmark. The company is putting more money and effort into how it sells its diabetes and obesity products and by developing new medicines to target those conditions. NOVO NORDISK TO SELL WEIGHT-LOSS DRUG FOR $499 TO ELIGIBLE CUSTOMERS The cuts will take place across the company, including staff areas and headquarters functions. The company will begin notifying employees over the next few months. Novo Nordisk said the transformation reflects the company's commitment to "meet rising global demand while also competing in a more dynamic and consumer-driven obesity market, as evidenced by the recent slowdown in growth." NOVO NORDISK CUTS WEGOVY PRICES IN HALF FOR CASH-PAYING CUSTOMERS The company acknowledged that its rapid expansion in recent years has created greater organizational complexity and higher costs. The job cuts are intended to streamline operations and enable the company to further invest in science, commercial capabilities and manufacturing scale-up, according to Novo Nordisk. "Our markets are evolving, particularly in obesity, as it has become more competitive and consumer-driven. Our company must evolve as well," Novo Nordisk CEO Mike Doustdar said, noting that this "means instilling an increased performance-based culture, deploying our resources ever more effectively, and prioritizing investment where it will have the most impact - behind our leading therapy areas." ELI LILLY'S ZEPBOUND REDUCES TYPE 2 DIABETES RISK, STUDY SHOWS The uptick in competition is notably led largely by Eli Lilly, which has aggressively gained ground due to its versions of weight-loss drugs Zepbound and Mounjaro. Revenue in the second fiscal quarter grew to $10.4 billion mainly because of both drugs, which have the same active ingredient, tirzepatide, but different approved uses. GET FOX BUSINESS ON THE GO BY CLICKING HERE Novo Nordisk said it also lost market share due to alternative products made by compounding pharmacies that are hurting its profits. via: https://www.foxbusiness.com/lifestyle/ozempic-maker-cut-thousands-jobs

'This ruling is not the final word:' Trump appeals order blocking him from firing Fed governor Cook

Posted by radio1n1 — Wed, 10 Sep 2025 16:29 GMT

President Donald Trump on Wednesday appealed a federal judge's order blocking him from firing Federal Reserve Governor Lisa Cook, the latest twist in a high-stakes lawsuit that could be headed to the Supreme Court. The notice of the appeal to the U.S. Court of Appeals for the D.C. Circuit was brief. The administration's next steps could include seeking an emergency pause to Cobb's order while the lawsuit proceeds. In a statement to Fox News Digital, White House spokesperson Kush Desai defended Trump's decision, saying the president "lawfully removed Lisa Cook for cause due to credible allegations of mortgage fraud from her highly sensitive position overseeing financial institutions on the Federal Reserve Board of Governors." JUDGE RULES ON FATE OF LISA COOK, FED GOVERNOR IN TRUMP'S CROSSHAIRS "This ruling is not the final word," Desai said, adding that the Trump administration will continue to restore accountability and public trust at the Fed. JUSTICE DEPARTMENT OPENS CRIMINAL PROBE INTO FED'S LISA COOK Cook's lawyers did not immediately respond to Fox News Digital's request for comment. The Federal Reserve declined to comment. Trump's appeal comes one day after U.S. District Court Judge Jia Cobb temporarily blocked Cook's firing, allowing her to continue in her current role for now. Cobb found in her order that Cook's termination likely violated the Federal Reserve Act, which does not permit at-will firings. The "best reading" of the law implies that "the bases for removal of a member of the Board of Governors is limited to grounds concerning a Governor's behavior in office and whether they have been faithfully and effectively executing their statutory duties," Cobb wrote. The judge said Trump likely violated Cook's due process rights and that the Federal Reserve statute does not account for conduct that occurred before a governor took office, like the mortgage fraud alleged against Cook. FEDERAL RESERVE GOVERNOR LISA COOK SUES TRUMP The allegations originated with Bill Pulte, a Trump appointee to the federal agency that regulates Fannie Mae and Freddie Mac. Pulte tied Cook to the three properties in two separate referrals to the Justice Department. Trump seized on those allegations and ousted Cook on Aug. 25, which prompted her to sue him in federal court three days later. Her lawsuit named as defendants Trump, the Board of Governors of the Federal Reserve System, and Federal Reserve Chairman Jerome Powell. Cook's attorneys argued that Trump's move to fire her was unlawful and undermined the Federal Reserve's independence. The suit, which was filed on Aug. 28, does not address the allegations that Cook listed multiple houses as a primary residence on mortgage filings. The trio of mortgage loans were issued in 2021 and before Cook was nominated as a Federal Reserve governor by former President Joe Biden. CLICK HERE TO READ MORE ON FOX BUSINESS The Justice Department opened a criminal investigation on Sept. 4 into Cook over allegations of mortgage application fraud. The probe could further complicate Cook's fight to stay in her role on the Fed board, the panel of central bankers tasked with guiding the nation's monetary policy. Her lawyer, Abbe Lowell, wrote in a filing on Sept. 2 that she "did not ever commit mortgage fraud." via: https://www.foxbusiness.com/politics/this-ruling-not-final-word-trump-appeals-order-blocking-him-from-firing-fed-governor-cook

DJ Krey l Live Sou 844 Tv radio

Posted by radio1n1 — Mon, 28 Jul 2025 01:40 GMT

Story

Florida is honoring President Trump by renaming a stretch of road in Palm Beach County to "President

Posted by radio1n1 — Wed, 9 Jul 2025 15:55 GMT

Florida is honoring President Trump by renaming a stretch of road in Palm Beach County to "President Donald J. Trump Boulevard."

China achieves first-ever laser measurement of Earth-Moon distance

Posted by radio1n1 — Tue, 13 May 2025 05:45 GMT

China achieves first-ever laser measurement of Earth-Moon distance China has made a significant advancement in deep-space exploration with its successful satellite laser ranging at the Earth-Moon distance. The achievement, announced by the Chinese Academy of Sciences (CAS), marks the first-ever precise laser measurement of a satellite, DRO-A, located approximately 350,000 kilometers away. This measurement was made possible by a unique single-corner-cube reflector onboard the satellite and a ground-based 1.2-meter telescope system. This breakthrough places China among a select few nations capable of performing high-precision lunar-distance measurements. Experts believe such accuracy is essential for future lunar missions and deep-space navigation. Zhang Wei, the chief engineer of the project, emphasized that the success of this laser ranging lays the foundation for centimeter-level precision in lunar and deep-space measurements. The satellite's reflector, developed by the Shanghai Astronomical Observatory, overcame several challenges, including precise angular control and maintaining thermal stability in extreme space conditions. Additionally, the Yunnan Astronomical Observatory played a critical role in optimizing the ground system to detect extremely weak signals and make fine adjustments to the telescope, ensuring successful measurement. This achievement, led by the Innovation Academy for Microsatellites and other CAS institutes, demonstrates China's growing capabilities in space technology. Future plans aim to expand participation in ground station operations and refine reflector designs, further solidifying China's leadership in Earth-Moon exploration.

Ibrahim Traor 's visit to Moscow.

Posted by radio1n1 — Sat, 10 May 2025 00:05 GMT

Ibrahim Traor 's visit to Moscow... Russian protection at the highest level! Ibrahim Traor has arrived in Moscow at the invitation of President Vladimir Putin to attend Victory Day celebrations. Russia has sent a private jet to carry him from Burkina Faso, with fighter jets in the air! ????

L'ancien pr sident ha tien Joseph Michel Martelly a t retenu l'a roport de Miami ce 9 mai 2025,

Posted by radio1n1 — Fri, 9 May 2025 23:55 GMT

L'ancien pr sident ha tien Joseph Michel Martelly a t retenu l'a roport de Miami ce 9 mai 2025, alors qu'il s'appr tait se rendre aux fun railles d'un proche. Administration Trump lan t dwe tou foukel epi voyel Salvador paske misye se papa teoris viv ansanm yo .Lave men nou pw p ???????????????? pa bliye dola 50 la

Grand opening dates announced for first 3 Wawa stores in Indiana

Posted by radio1n1 — Sat, 3 May 2025 20:00 GMT

INDIANAPOLIS - Grand opening plans are now set for the first three Wawa stores in Indiana. Last month, Wawa announced the opening date for the state's first store, at 16100 W. Commerce Road in Daleville, on Thursday, May 15. On Friday, May 2, the company announced that the store at 5890 Midland Pointe Blvd. in Noblesville will open Thursday, May 22 and the new Clarksville store, at 1354 Veterans Pkwy., will open on Friday, May 30.

Indiana Silver Alert declared for man missing from Bloomington

Posted by radio1n1 — Sat, 5 Apr 2025 05:00 GMT

8:50 PM EST INDIANAPOLIS (WISH) - An Indiana Silver Alert has been declared for a 64-year-old man missing from Bloomington, Indiana. The Monroe County Sheriff's Office is investigating the disappearance of Gary Edwards, a 64-year-old white male who is 5 feet 11 inches tall, weighs 170 pounds, has brown hair with hazel eyes, was last seen wearing a light blue jacket, t-shirt, and blue jeans, and driving a grey 2014 Buick Regal with Indiana registration number SDR414. Gary is missing from Bloomington, Indiana, which is 51 miles southwest of Indianapolis, and was last seen on Friday at 10:30 a.m. He is believed to be in extreme danger and may require medical assistance. If you have any information on Gary Edwards, contact the Monroe County Sheriff's Office at 812-349-2781 or 911.

IMPD subdues armed man waving Free Haiti flag on closed Monument Circle

Posted by radio1n1 — Sat, 5 Apr 2025 01:15 GMT

INDIANAPOLIS (WISH) - Police on Friday afternoon subdued an armed protestor on Monument Circle and took him into custody after closing down the area around the Soldiers' and Sailors' Monument. Indianapolis Metropolitan Police Department just before 3:55 p.m. Friday was sent to a report of a person armed with a weapon on Monument Circle. IMPD says the person had been reported as shooting a weapon into the air. Officers found the man in the road, armed with a handgun, and loudly yelling while waving a flag. At 4:05 p.m., IMPD sent a tweet alerting people to avoid Monument Circle. Traffic barriers were set up as officers helped people avoid the area. Video posted online showed an armed man with a Video posted online showed an armed man with a flag that appeared to read "Free Haiti." Police were surrounding the man. About 4:15 p.m. Friday, online video showed police fire bean bags at the man in front of a chocolate shop. An IMPD news release sent about 5:50 p.m. Friday said, "Officers continuously gave the armed male loud, verbal commands in an attempt to deescalate the situation. Utilizing at least one less-lethal launcher, officers were able to disarm the male and take him into custody without further issue. "A firearm and multiple shell casings were recovered on-scene and collected as evidence. The adult male suspect was arrested on the preliminary charges of criminal recklessness with a deadly weapon and pointing a loaded firearm. flag that appeared to read "Free Haiti." Police were surrounding the man.

Fritz Alphonse Jean vin nouvo prezidan Kons y Prezidansy l Tranzisyon an Ayiti

Posted by radio1n1 — Sat, 8 Mar 2025 03:55 GMT

Apre yon manda ki te make pa inefikasite ak vyolans gang k ap monte, Leslie Voltaire rem t pouvwa a bay konseye par y li a Fritz Alphonse Jean, ki pwom t yon apw ch sekirite pi di. PORT-AU-PRINCE - Fritz Alphonse Jean, reprezantan Ak Montana a, te prete s man ofisy lman k m prezidan Kons y Prezidansy l Tranzisyon an (CPT) vandredi 7 mas 2025, nan plas Leslie Voltaire nan pati politik Fanmi Lavalas la, ki gen senk mwa manda li te genyen lonbraj ak z pi mal kondisyon sekirite yo. Seremoni pasaj la nan Villa d'Accueil nan Musseau, P toprens, te patisipe nan manm k diplomatik la ak ofisy l gouv nman an. Voltaire, ki te nonmen nan mwa Okt b 2024, te f fas ak gwo vyolans gang ki te paralize ef administrasyon li a. Nan diskou orevwa li a, li te defann lid chip li, li mete aksan sou mezi kle yo te pran anba manda li a, tankou: Deplwaman F s Lame Ayisyen (FAD'H) nan Verti res, Depatman N . Ogmantasyon nan p son l lapolis ak ranf sman nan Misyon Sip pou Sekirite Miltinasyonal (MSS). Kreyasyon Kons y Sekirite Nasyonal la. F masyon yon Kons y Elektoral Pwovizwa apre yon reta de uit ane. Reouv ti p Saint-Louis-du-Sud ak agrandisman ayewop Jakmel ak Okay. "Pandan senk mwa ki sot pase yo, nimewo polis yo te ogmante, ak ranf sman milit yo sou wout," Voltaire te di.

Nearly two months after an explosion sent flaming debris raining down on the Turks and Caicos, Space

Posted by radio1n1 — Fri, 7 Mar 2025 07:45 GMT

Nearly two months after an explosion sent flaming debris raining down on the Turks and Caicos, SpaceX launched another mammoth Starship rocket on Thursday, but lost contact minutes into the test flight as the spacecraft came tumbling down and broke apart. This time, wreckage from the latest explosion was seen streaming from the skies over Florida. It was not immediately known whether the spacecraft's self-destruct system had kicked in to blow it up. The 403-foot rocket blasted off from Texas. SpaceX caught the first-stage booster back at the pad with giant mechanical arms, but engines on the spacecraft on top started shutting down as it streaked eastward for what was supposed to be a controlled entry over the Indian Ocean, half a world Starship reached nearly 90 miles in altitude before trouble struck and before four mock satellites could be deployed. It was not immediately clear where it came down, but images of flaming debris were captured from Florida, including near Cape Canaveral, and posted online. The space-skimming flight was supposed to last an hour. "Unfortunately this happened last time too, so we have some practice at this now," SpaceX flight commentator Dan Huot said from the launch site. READY MORE>>>> https://www.npr.org/2025/03/06/g-s1-52507/spacex-starship-test-flight-boca-chica-texas away. Contact was lost as the spacecraft went into an out-of-control spin.

Trump's speech pumps inflation fight from eggs to energy

Posted by radio1n1 — Wed, 5 Mar 2025 01:34 GMT

President Donald Trump during his primetime address to Congress on Tuesday night, outlined his plans to combat what he described as the "inflation nightmare" affecting American families, specifically highlighting rising costs of eggs and energy. "We suffered the worst inflation in 48 years, but perhaps even in the history of our country," Trump said. "As president, I'm fighting every day to reverse this damage and make America affordable again." AMERICANS TAKE TO RAISING THEIR OWN CHICKENS AMID NATIONWIDE EGG SHORTAGE Trump said the price of eggs has gotten "out of control" and that his administration is "working hard to get it back down." The price of a dozen eggs, now averaging around $5.00 or even higher in some regions. And according to the Department of Agriculture's Economic Research Service's (ERS) food outlook, retail prices will continue to climb, rising 41.1% in 2025 due to the compounding effects of consecutive outbreaks. He laid blame on the prior administration, claiming "their policies drove up energy prices, pushed up grocery costs and drove the necessities of life out of reach for millions and millions of Americans." The president asserted that one of his "highest priorities is to rescue our economy and get dramatic and immediate relief to working families." US CONSUMER SENTIMENT PLUNGES ON WORRIES OVER PRICES FROM INFLATION AND TARIFFS U.S. consumer confidence plunged sharply last month after inflation ticked higher in January, up 3% on an annual basis. However, egg prices, in particular, have been a major pain point for consumers as the industry grapples with ongoing bird flu outbreaks. Last month, U.S. Secretary of Agriculture Brooke Rollins' announced a "five-pronged strategy" aimed at curbing the growing number of bird flu outbreaks that began in 2022 and have since decimated flocks around the country, created a significant shortage in the U.S. egg supply, and drove prices higher. Egg prices surged 15.2% in January, according to the Labor Department's consumer price index. It was the largest increase in egg prices since June 2015 and accounted for nearly two-thirds of the total monthly rise in food prices, the department reported. On an annual basis, egg prices are up 53%. GET FOX BUSINESS ON THE GO BY CLICKING HERE Another focus of the administration is "rapidly reducing the cost of energy," Trump continued, adding that on his first day he declared a national energy emergency. Trump said his administration plans to re-open many of the 100 closed power plants and build a new pipeline. "My administration is also working on a gigantic natural gas pipeline in Alaska, among the largest in the world, where Japan, South Korea, and other nations want to be our partner-with trillions of dollars being spent by them. It will truly be spectacular," he added. via: https://www.foxbusiness.com/economy/trumps-speech-pumps-inflation-fight-from-eggs-energy

Trump introduces Elon Musk to GOP ovation before rattling off several DOGE victories: 'We appreciate

Posted by radio1n1 — Wed, 5 Mar 2025 01:31 GMT

Tesla CEO and DOGE Chief Elon Musk received a standing ovation from Republicans in the crowd when he was announced as a guest at President Trump's speech to Congress, before the president began rattling off examples of what he said is wasteful spending by the government. "The brand new Department of Government Efficiency, DOGE, perhaps you've heard of it," Trump said during his speech. "Which is headed by Elon Musk, who is in the gallery tonight? Thank you Elon." After applause from Republicans, Trump took a jab at Democrats saying, "He's working very hard. He didn't need this. He didn't need this. Thank you very much. We appreciate it. Everybody here, even this side, appreciates that I believe. They just don't want to admit it." Trump then began citing examples of government programs DOGE has cut. 'HE'S BACK': TRUMP'S JOINT ADDRESS TO CONGRESS TO BE BLANKETED WITH 6-FIGURE AD BUY TOUTING TAX PLAN "Just listen to some of the appalling waste," Trump said. "We have already identified $22 Billion. From HHS to provide free housing and cars for illegal aliens, $45 million for diversity, equity and inclusion scholarships in Burma. $40 million to improve the social and economic inclusion of sedentary migrants. Nobody knows what that is." Trump continued, "$8 million to Promote LGBTQI plus in the African nation of Lesotho, which nobody has ever heard of. $60 million for indigenous peoples and Afro-Colombian empowerment in Central America. $60 million. $8 million for making mice transgender. This is real. $32 million for a left wing propaganda operation in Moldova. $10 million for male circumcision in Mozambique. $20 million for the Arab Sesame Street in the Middle East." TRUMP SET TO CONTINUE UNPRECEDENTED LEVEL OF ACTIONS, ADDRESS CONGRESS IN 7TH WEEK BACK IN OFFICE After listing off more examples, Trump said, "And there are far worse. But I didn't think it was appropriate to talk about them. They're so bad. Many more have been found out and exposed and swiftly terminated by a group of very intelligent, mostly young people headed up by Elon, and we appreciate it." Democrats in the crowd could be heard shouting objections at multiple points while Trump was discussing DOGE. Democrats, who have largely been opposed to Trump's DOGE efforts and been protesting the effort across the country, could be seen remaining seated while Republicans cheered him, including Dem. Sen. Elizabeth Warren who was shown on camera looking at her phone during the cheers. via: https://www.foxbusiness.com/fox-news-politics/trump-introduces-elon-musk-gop-ovation-before-rattling-off-several-doge-victories

Lutnick says Trump tariff with Canada, Mexico likely ends with meeting in the middle, possible deal

Posted by radio1n1 — Tue, 4 Mar 2025 23:45 GMT

Commerce Secretary Howard Lutnick signaled a possible agreement between the Trump administration and leaders of Canada and Mexico that could see some of the tariffs imposed on both nations rolled back. Canada and Mexico, two of the United States' biggest trading partners, have imposed retaliatory tariffs following those imposed by President Donald Trump that went into effect Tuesday. Trump said the increases were in response to both countries not doing enough to curb the flow of illegal immigration and illicit drugs across their borders with the U.S. During a Tuesday appearance on FOX Business' "Kudlow," Lutnick told host Larry Kudlow that Trump will likely look to meet America's neighbors in the middle with a focus on the United States-Mexico-Canada Agreement (USMCA), which was created to create fairer trade between the nations. TRUMP RESPONDS TO TRUDEAU CALLING TARIFFS 'VERY DUMB' AS TRADE WAR RAMPS UP "He's really looking carefully at that trying to figure out if there is a way in there that he can come in the middle, where he can give the Canadians and Mexicans something, but they have to got do more," he told Kudlow. "They've got to end fentanyl death. You can't just say it's OK that people can die. That is just not a thing." "It's not gonna be a pause. None of that pause stuff. But I think he's going to figure out, you do more, and I'll meet you in the middle someway," he added. "We're going to probably be announcing that tomorrow. So somewhere in the middle will likely be the outcome - the president moving with the Canadians and Mexicans but not all the way," he added. The secretary said the administration has made its concerns about the border and illegal drugs known to Canadian and Mexican officials. MEXICO'S PRESIDENT ON TRUMP TARIFFS: 'NOBODY WINS', "If you respect us as your best trading partner, end it," he said. "And you have got to end fentanyl. And the way we're going to describe fentanyl is very simple - autopsied American guts. It's got to end." Effective Tuesday, U.S. imports from China, the third-largest U.S. trading partner, became subject to a new 10% tariff on top of the initial 10% tariff he imposed on Chinese goods last month. Tariffs on imported goods from Canada and Mexico rose with 25% tariffs levied on all imports from the two countries. The tariffs include a carve-out for a lower 10% tariff on Canadian oil imports. GET FOX BUSINESS ON THE GO BY CLICKING HERE "Both the Mexicans and the Canadians were on the phone with me all day today trying to show that they'll do better, and the president is listening because you know he's very, very fair and very reasonable," Lutnick said. "So I think he's going to work something out with them." via: https://www.foxbusiness.com/politics/lutnick-says-trump-tariff-canada-mexico-likely-ends-meeting-middle-possible-deal-soon

Trump admin seeks to put 443 federal properties, including FBI and DOJ headquarters, up for sale

Posted by radio1n1 — Tue, 4 Mar 2025 22:01 GMT

The Trump administration on Tuesday identified 443 federal properties that will possibly be put up for sale, including the headquarters of the FBI and Labor and Justice departments, as the president continues to downsize the federal government. The General Services Administration posted the "non-core" properties, which are located in 47 states, as well as Washington, D.C., and Puerto Rico, totaling some 80 million square feet, Bloomberg reported. WASHINGTON DC GETS 'TRUMP BUMP' IN LUXURY HOME MARKET "We are identifying buildings and facilities that are not core to government operations, or non-core properties for disposal," the GSA states on its website. "Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces. Disposing of these assets helps eliminate costly maintenance and allows us to reinvest in high-quality work environments that support agency missions." The agency said a sale could potentially save more than $430 million in annual operating costs. Among the list of properties are the Washington headquarters for the departments of Energy, Agriculture, the American Red Cross building and the Office of Personnel Management. HOMEBUILDERS ARE CONCERNED ABOUT NEW TARIFFS AND EFFECT ON MATERIAL COSTS GSA even lists its own headquarters for sale. It also includes major office buildings in Chicago, Atlanta, Cleveland and Los Angeles. The move to sell the properties appears related to President Donald Trump's effort to downsize the scale of the federal government. Since 2015, the government has sold more than 1,000 properties, Bloomberg reported. In December, the Biden administration proposed selling eight federal buildings. GET FOX BUSINESS ON THE GO BY CLICKING HERE It's unclear how soon sales could happen, according to the news outlet. Federal law dictates that excess property be offered to other federal agencies, state and local governments, homeless shelters and other nonprofits before they can be privately sold. via: https://www.foxbusiness.com/politics/trump-admin-seeks-443-federal-properties-fbi-doj-headquarters-sale

LARRY KUDLOW: Trump's message to Congress - unleash prosperity

Posted by radio1n1 — Tue, 4 Mar 2025 20:59 GMT

Here's hoping President Donald Trump will deliver a rousing speech tonight showing how he intends to unleash prosperity in America. I'm hoping for a growthier speech, with plenty of tax cuts. The President is riding high in popularity, with nearly 80-percent favorable ratings on things like the border, deportations, eliminating waste, fraud, and corruption, disempowering the entrenched bureaucracy, rolling back onerous regulations, unlocking new energy production, and reciprocal fair trade. Put the whole package together, and you have a major booster shot to economic growth, while inflationary pressures and costs come down. Right now, the Biden legacy is showing up in weaker and weaker numbers. Housing is soft, business investment is down, manufacturing is slumping, even consumer spending coming in weak. The Bidens have not only left Mr. Trump with a slump in the economy, but $2 trillion deficits as far as the eye can see, and a massive expansion of federal debt. But every time the stock market hiccups, liberals try to blame tariffs. Well, the fact remains that Mr. Trump is trying to break through an unfair trading system that has penalized American companies, with his brand of reciprocal and fair trade reform. The idea that tariffs are inflationary is poorly thought out. Vast government spending and money-printing cause sustained inflation. Mr. Trump is working against that. In the short run, trade actions might cause one-time temporary, minor price increases, but not long-run inflation. President Trump is doing his best to reform the broken world trading system and defend American interests. Over time, by the way, reciprocal trade could bring tariffs down, not up. And his reciprocal trading policy could bring large-scale supply-side benefits to the American economy. I think most importantly for this evening's speech, though, I'd like to see President Trump forcefully ask Congress to pass his tax cuts and deregulation budget reconciliation bill, and make the tax cuts permanent - including Trump 2.0 cuts like tax-free tips and overtime and relief for seniors. Use the appropriate baseline scorecard, accurately reflecting that the 2017 Trump tax cuts produced huge revenues. And hopefully Mr. Trump will forcefully point out that people who vote against his tax cut plan will be voting in favor of an at least $4 trillion tax hike that will absolutely decimate whatever is left of the economy he inherited from Joe Biden. Let's pass one, big beautiful bill by Memorial Day, so we can have one, big, beautiful blue-collar boom that will fatten wallets and unleash prosperity for all Americans. via: https://www.foxbusiness.com/politics/larry-kudlow-trumps-message-congress-unleash-prosperity

Car prices could rise $12,000 due to Trump's latest tariffs

Posted by radio1n1 — Tue, 4 Mar 2025 18:48 GMT

President Donald Trump's new tariffs on Mexico and Canada could cause car prices to surge up to $12,000, a new analysis finds. The Anderson Economic Group analyzed the impact of Trump's 25% tariffs on products from Canada and Mexico and found that the tariffs, which are taxes on imports, would cause. For a crossover utility vehicle, manufacturing costs would rise by at least $4,000 due to the tariffs, while for a large SUV with a significant amount of content from Mexico it would rise by roughly $9,000 - with pickup trucks seeing a similar increase of $8,000. Electric vehicles (EVs) would see the biggest cost increases from the tariffs, as costs could rise upwards of $12,000, the analysis found. TRUMP RESPONDS TO TRUDEAU CALLING TARIFFS 'VERY DUMB' AS TRADE WAR RAMPS UP The Anderson Economic Group also considered the impact of potential additional steel and aluminum tariffs, which it found would add $250 to $800 for gas-powered vehicles made in North America and up to $2,500 for EVs, presuming an exclusion applies for country tariffs. Vehicles made in Europe and Asia would see an additional $800 to $1,700 in cost per vehicle without a tariff exclusion. Retaliatory tariffs that Canada and Mexico may impose against U.S. goods over Trump's 25% tariffs could drive those prices higher as levies are imposed or increased, spurring retaliation by the Trump administration. MEXICO'S PRESIDENT ON TRUMP TARIFFS: 'NOBODY WINS' Patrick Anderson, CEO of the Anderson Economic Group, told Bloomberg, "That kind of cost increase will lead directly - and I expect almost immediately - to a decline in sales of the models that have the biggest trade impacts." The North American auto industry is highly interconnected between facilities in the U.S., Canada and Mexico, as automakers have built supply chains to take advantage of efficiencies created by trade agreements between the three countries. TRUMP'S TARIFFS ON CHINA, CANADA AND MEXICO TAKE EFFECT Auto parts may be shipped from the U.S. to Canada, then to Mexico and back to the U.S. in the course of the manufacturing process. Depending on the part and the company, it could cross the U.S. even more frequently. Each time those auto parts cross the U.S. border, the 25% tariff can be assessed if there isn't an exception granted, which creates a compounding effect for tariff costs. That, in turn, drives the prices paid by consumers for the finished vehicle or part higher. GET FOX BUSINESS ON THE GO BY CLICKING HERE A report by the Cato Institute noted that for some auto parts like an engine or transmission, that part could cross America's borders with Canada and Mexico upwards of seven or eight times before they end up in a finished vehicle. via: https://www.foxbusiness.com/economy/car-prices-could-rise-12000-due-trumps-latest-tariffs

Kraft Heinz enters the alcohol market for the first time

Posted by radio1n1 — Tue, 4 Mar 2025 17:59 GMT

Kraft Heinz is entering the alcohol market with its brand, Crystal Light. The company announced on Tuesday it will be introducing Crystal Lireaght Vodka Refreshers at certain Northeastern retailers this month. The upcoming refreshers will feature a "delicious blend of Crystal Light's signature flavors, triple-filtered vodka, and light carbonation," Kraft Heinz said. The company touted them as the "lowest-calorie ready-to-drink cocktail on the market." GET FOX BUSINESS ON THE GO BY CLICKING HERE According to Kraft Heinz, the calorie count for a Crystal Light Vodka Refresher will clock in at 77 calories with zero sugar. Their ABV will be 3.8%. The company will offer Wild Strawberry and Lemonade flavors during the initial launch. They will come in $9.99 four-packs, the company said. With the Crystal Light Vodka Refreshers, Kraft Heinz indicated it is looking to build on customer use of Crystal Light as a mixer and capitalize on increasing demand for "lighter, lower-calorie cocktails." "Nearly one-in-five" Crystal Light customers make cocktails using the brand's drink mixes, according to Kraft Heinz. The company also said almost 40% of people that drink hard seltzers have a preference for beverages with an ABV below 4%. COCKTAILS READY-TO-DRINK? JAMESON WHISKEY PARENT CEO SAYS THEY ARE HERE TO STAY "With tens of millions of social media videos showcasing creative ways to mix Crystal Light into cocktails, creating a delicious lower-calorie vodka refresher was a natural step for us. We're bringing fans a ready-to-drink version in a new format - now with a light, refreshing twist - offering the same signature flavors they know and love," Kraft Heinz Director of Beverage Mixes Jeremy Kross said. The company is looking to bring additional Crystal Light Vodka Refresher flavors and multipack options as part of an expansion in 2026. In the U.S., the market for ready-to-drink cocktails hit a value of $903.4 million last year, according to Grand View Research. Some of Kraft Heinz's past forays into alcohol have included the Velveeta Veltini and the Claussen Spritz. CLICK HERE TO READ MORE ON FOX BUSINESS In addition to Crystal Light, well-known brands like Oscar Mayer, Jell-O, Grey Poupon, Lunchables, Classico and Philadelphia fall under the company's umbrella. Kraft Heinz saw $25.8 billion in net sales over the course of 2024, a 3% drop compared to the prior year. Its annual net income, meanwhile, narrowed from $2.85 billion to $2.7 billion. via: https://www.foxbusiness.com/lifestyle/kraft-heinz-enters-alcohol-market-first-time

Hyundai stands by DEI, says it 'drives sales'

Posted by radio1n1 — Tue, 4 Mar 2025 17:40 GMT

Hyundai is standing by its DEI policies and launching a new multicultural marketing campaign - and an executive says that it's good for business. "In terms of the creative that we're doing and the work that we're doing with Culture Brands, it's born from a recognition that it drives sales, drives the bottom line for the company," Hyundai Director of Experiential and Multicultural Marketing told Digiday. Culture Brands is Hyundai's African American Marketing Agency of Record and produced the "Play for the Car" ad campaign. The commercial features a Black couple "finding moments of connection and joy amid the chaos of daily life" through the driving of a 2025 Hyundai Sonata Hybrid, according to Campaign Director Nate Edwards. The ads will be aimed at Black consumers on channels such as TV One and Bounce. DOGE INITIAL FINDINGS ON DEFENSE DEPARTMENT DEI SPENDING COULD SAVE $80M, AGENCY SAYS The Korean automaker's annual revenue increased by 7.7% to some $120 billion U.S. dollars, according to its 2024 Q4 earnings results. As Hyundai continues to embrace DEI, company after company appears to be turning away from the controversial policies. General Motors removed all references to DEI in its latest SEC 10-K filing. Meta announced they are ending their DEI policies, with Harley Davidson, Target, John Deere, Pepsi and others following suit. Google has officially initiated the process of phasing out their DEI employee training programs. GOOGLE HAS OFFICIALLY BEGUN UNWINDING DEI PROGRAMS: SOURCE Other companies, such as Costco, are sticking with DEI. Costco's shareholders shot down a proposal to analyze the risks of its DEI policies in January. Apple shut down a shareholder proposal calling for the iPhone maker to end DEI, with a majority of shareholders voting against the proposal. The shift away from DEI in corporate America comes on the heels of a series of executive orders by President Trump calling for the elimination of DEI in the federal government and federal contractors. GET FOX BUSINESS ON THE GO BY CLICKING HERE via: https://www.foxbusiness.com/media/hyundai-stands-dei-says-drives-sales

Lindt to cut out US as Canada's chocolate supplier to avoid Trudeau's retaliatory tariffs

Posted by radio1n1 — Tue, 4 Mar 2025 16:29 GMT

Swiss chocolate maker Lindt & Sprungli may soon cut out the United States as a chocolate supplier to Canada amid a tariff war between the North American countries. Canada, which sources 50% of its Lindt chocolate from the U.S. and the rest from Europe, may soon receive the products entirely from Europe as a measure for the company to sidestep the trade conflict. Canadian Prime Minister Justin Trudeau announced 25% tariffs on American goods in retaliation to Trump authorizing 25% tariffs on imports from Canada and Mexico, which takes effect on Tuesday. "We are monitoring the situation very closely and have identified different ways to mitigate the effect of tariffs," a Lindt & Sprungli spokesperson said to Fox News Digital. "These include the possibility of supplying countries like Canada and Mexico from our European production facilities." TRUDEAU SAYS CANADA WILL ISSUE 25% TARIFFS ON $155 BILLION OF AMERICAN GOODS CEO Adalbert Lechner also told Reuters that Canada, one of its top 10 markets, is able to source 100% from Europe. "The volumes that we source currently for Canada can all be shifted to Europe," Lechner said. COCOA PRICES CONTINUE TO SPIKE: WHAT'S DRIVING COSTS HIGHER? The shift in Canada's supply chain may begin by mid-2025, and stores in Canada have already stockpiled Lindt products from the U.S. to provide a grace period for the change, Reuters reported.. While it is more expensive to transport chocolate from Europe to Canada, tariffs would have imposed higher costs on the chocolate maker, Chief Financial Officer Martin Hug told the outlet. European-made products may also receive less negative consumer sentiment than those made in the U.S., according to Reuters, citing Hug. CLICK HERE TO READ MORE ON FOX BUSINESS While Lindt is taking steps to avoid the tariff war in America, its chocolate prices are still expected to rise in 2025 due to record-high cocoa costs, Hug said in a separate Reuters report. Despite cocoa prices tripling over the past two years and Lindt reportedly hiking its prices to 6.3% in 2024, annual sales still grew by 7.8% last year, suggesting that shoppers are not easily deterred from splurging on their chocolates. Fox News' Daniella Genovese and Reuters contributed to this report. via: https://www.foxbusiness.com/retail/lindt-cut-us-canadas-chocolate-supplier-avoid-trudeaus-retaliatory-tariffs

BlackRock inks $23B deal for Panama Canal ports

Posted by radio1n1 — Tue, 4 Mar 2025 16:07 GMT

BlackRock on Tuesday announced the purchase of the ports at the Panama Canal that President Donald Trump raised security concerns regarding their connections to China. BlackRock announced the $22.8 billion deal with CK Hutchison's subsidiary Hutchison Port Holdings, which will see the firm acquire the Panama ports of Cristobal and Balboa, which are located at the Atlantic and Pacific ends of the canal, respectively. It will also acquire Hutchison's controlling interest in 43 ports in 23 other countries. The world's largest asset manager will partner with Terminal Investment Limited (TiL) to operate the ports in concert with the BlackRock subsidiary Global Infrastructure Partners (GIP). "This agreement is a powerful illustration of BlackRock and GIP's combined platform and our ability to deliver differentiated investments for clients," BlackRock chairman and CEO Larry Fink said. "These world-class ports facilitate global growth. Through our deep connectivity to organizations like Hutchison and MSC/TIL and governments around the world, we are increasingly the first call for partners seeking patient, long-term capital. We are thrilled our clients can participate in this investment." TRUMP FLOATS IDEA OF US RECLAIMING PANAMA CANAL Before his return to the White House, Trump claimed in a social media post on Christmas Day that Panama's government allowed "wonderful soldiers of China" to "lovingly, but illegally" operate the Panama Canal - a statement that the Panamanian and Chinese governments denied. Chinese companies have increased their investment in Panama in recent years, including at facilities related to the canal, such as a terminal for cruise ships and a bridge that's planned to be built over the canal. The presence of those firms has sparked geopolitical concerns given the government of China's ability to control Chinese companies to advance strategic goals. CK Hutchison has operated the ports at Balboa and Cristobal since 1997. The company is headquartered in Hong Kong, which the Chinese Communist Party controls. RED SEA, PANAMA CANAL ISSUES ARE WORSE THAN PEOPLE REALIZE, EXPERT SAYS CK Hutchison co-managing director Frank Sixt said the transaction was the "result of a rapid, discrete but competitive process in which numerous bids and expressions of interest were received" and added that the deal should deliver cash proceeds in excess of $19 billion to the group. "I would like to stress that the transaction is purely commercial in nature and wholly unrelated to recent political news reports concerning the Panama Ports," Sixt added. The deal, which is still subject to regulatory approval, will also see BlackRock's consortium acquire a total of 43 ports, comprising 199 berths in 23 countries, from Hutchison Port Holdings (HPH). The transaction includes HPH's management resources, terminal operating systems and other assets related to the control and operations of the ports. GET FOX BUSINESS ON THE GO BY CLICKING HERE The press release doesn't list which ports are involved in the port deal or the countries in which they're located, through it does specify that it doesn't include the HPH trust, which operates ports in Hong Kong, Shenzhen and South China, or any other ports in China. via: https://www.foxbusiness.com/economy/blackrock-purchase-panama-canal-ports

Trump responds to Trudeau calling tariffs 'very dumb' as trade war ramps up

Posted by radio1n1 — Tue, 4 Mar 2025 14:48 GMT

President Donald Trump is pushing back against Canadian Prime Minister Justin Trudeau, calling his tariffs "very dumb," saying that "when he puts a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!" Trump made the remark on his Truth Social account after Trudeau slammed the Trump administration's new 25% tariffs Tuesday. Trudeau previously announced 25% retaliatory tariffs on American goods in response to Trump's tariffs that went into effect today on Canadian imports. "So today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same time, they are talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense," Trudeau told reporters. "Canadians are reasonable, and we are polite, but we will not back down from a fight, not when our country and the well-being of everyone in it is at stake," he continued. TRUDEAU SAYS CANADA WILL ISSUE 25% TARIFFS ON $155 BILLION OF AMERICAN GOODS "I want to speak directly to one specific American. Donald, in the over eight years you and I have worked together, we've done big things," Trudeau also said. "And now we should be working together to ensure even greater prosperity for North Americans in a very uncertain and challenging world. Now, it's not in my habit to agree with the Wall Street Journal. But Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do. We - two friends fighting - is exactly what our opponents around the world want to see." Trump signed an executive order authorizing an additional 25% tariff on imports from Canada and Mexico, and an additional 10% tariff on Chinese imports. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at an additional 10%. The retaliatory tariffs Canada is imposing on $155 billion of U.S. goods went into effect this morning. Canada said it will start with tariffs on $30 billion worth of American goods, followed by tariffs on $125 billion of American products in 21 days. "Our tariffs will remain in place until the U.S. tariffs are withdrawn and not a moment sooner," Trudeau said. MEXICO'S PRESIDENT ON TRUMP TARIFFS: 'NOBODY WINS' The Canadian prime minister accused the Trump administration of choosing to sabotage their own agenda that was supposed to usher in a new 'golden age' for the United States." "The legal pretext your government is using to bring in these tariffs is that Canada apparently is unwilling to help in the fight against illegal fentanyl. Well, that is totally false," Trudeau also said. Trudeau told reporters that he expects to speak with Trump "in the days to come" about the tariffs. CLICK HERE TO READ MORE ON FOX BUSINESS "What he wants is to see a total collapse of the Canadian economy. Because that'll make it easier to annex us.... Now, first of all, that's never going to happen. We will never be the 51st state. But yeah, he can do damage to the Canadian economy. And he's started this morning," Trudeau concluded. "But he is rapidly going to find out as American families are going to find out that it's going to hurt people on both sides of the border." FOX Business' Landon Mion contributed to this report. via: https://www.foxbusiness.com/economy/trudeau-tells-trump-we-not-back-down-from-trade-war-calling-tariffs-very-dumb

Apple unveils new iPad Air models: Everything you need to know

Posted by radio1n1 — Tue, 4 Mar 2025 14:09 GMT

Apple on Tuesday announced the latest iPad Air models. The reveal of the new tablets came just a day after CEO Tim Cook alluded to an imminent product unveiling coming "this week" on social media. Apple touted the new iPad Air as "faster, more powerful" tablets and "built for" the tech giant's Apple Intelligence. There will be two size options - 11 inches and 13 inches - for the new iPad Air model. APPLE UNVEILS HISTORIC $500B INVESTMENT IN US MANUFACTURING, INNOVATION: 'BULLISH ON THE FUTURE' Both will debut on March 12; however, Apple is taking pre-orders for the new tablets beginning Tuesday, the company said. The starting prices will be $599 and $799, respectively. The new iPad Air tablets - which are lighter and thinner than the traditional iPad - feature Apple's M3 chip, something that Apple said makes them "nearly 2x faster compared to the iPad Air with M1, and up to 3.5x faster than the iPad Air with A14 Bionic." The chip has enabled Apple to introduce its "advanced graphics architecture to iPad Air for the first time with support for dynamic caching, along with hardware-accelerated mesh shading and ray tracing," it said. Owners of the new iPad Air will also be able to make use of a slew of Apple Intelligence capabilities. Among them are the "Clean Up" feature that "makes it easy to remove distracting elements in images" and the "Image Wand" that facilitates "more visually engaging" notes "by turning rough sketches into delightful images," according to Apple. APPLE IPO ANNIVERSARY: HOW MUCH WOULD A $1,000 INVESTMENT BE WORTH TODAY? The company said users will have access to ChatGPT in "Writing Tools" and "Siri," in addition to other Apple Intelligence features. "For everyone from college students taking notes with Apple Pencil Pro, to travelers and content creators who need powerful productivity on the go, iPad Air with M3, Apple Intelligence, and the new Magic Keyboard take versatility and value to the next level," Bob Borchers, Apple's vice president of worldwide product marketing, said in a statement. The company saw nearly $8.09 billion in net sales from its iPad category in the first quarter of fiscal 2025, marking a more than 15% jump year over year compared with fiscal 2024's first quarter. Those iPad sales represented roughly 6.5% of its total $124.3 billion in revenue in the three-month period. APPLE REPORTEDLY HAS FOLDABLE AND THINNER IPHONE MODELS IN THE PIPELINE Apple's lineup of iPads consists of the traditional iPad, the iPad Pro and the iPad Mini in addition to the iPad Air. Apple last released new iterations of the iPad Air in May of last year. It has been selling the tablet since 2013. via: https://www.foxbusiness.com/technology/apple-unveils-new-ipad-air-models-everything-you-need-know

Target, Best Buy CEOs warn of price increases as tariffs take effect

Posted by radio1n1 — Tue, 4 Mar 2025 14:01 GMT

The chief executives of Target and Best Buy warned on Tuesday that the tariffs against key trading partners will put pressure on profits and could drive up prices for consumers. Target CEO Brian Cornell told CNBC that shoppers will "likely see price increases over the next couple of days" as a result of tariffs imposed on Mexico, given how reliant the company is on the country's produce. He said that the retailer might have to raise prices on its imported fruits and vegetables this week. The U.S. began imposing a 25% tariff on goods from Canada and Mexico on Tuesday, while also doubling its levy on Chinese imports as Trump looks to curtail drug trafficking and illegal immigration. The move has set off a trade war with the nations, which are firing back with their own levies on U.S. goods. TRUMP'S TARIFFS WOULD DRIVE UP CONSUMER PRICES: NATIONAL RETAIL FEDERATION During Target's fourth-quarter earnings report on Tuesday, Cornell warned that the company "expects to see meaningful year-over-year profit pressure in its first quarter relative to the remainder of the year," in part because of "tariff uncertainty." Best Buy CEO Corie Barry echoed similar concerns during the company's earnings call on Tuesday, saying that it is likely consumers will feel the brunt of this given how critical trade is for the industry. "China and Mexico remain the No. 1 and No. 2 sources for products we sell, respectively," Barry said. "While Best Buy only directly imports 2% to 3% of our overall assortment, we expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely." Earlier this year, the administration delayed these tariffs to allow Canada and Mexico time to negotiate trade deals aimed at addressing U.S. border security and halting the flow of drugs like fentanyl. TRUMP'S PROPOSED TARIFFS COULD DRIVE UP FOOD PRICES, EXPERTS SAY Although the nations continued to negotiate, Trump reaffirmed his decision to impose the levies last week, stating in a post on Truth Social that "drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels." "We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled," Trump wrote, adding that "China will likewise be charged an additional 10% Tariff on that date." He also teased other tariffs launching April 2, but did not offer details. GET FOX BUSINESS ON THE GO BY CLICKING HERE Aside from Target and Best Buy, a number of retailers have raised concerns over the past several months about the prospect of tariffs pumping up the costs of their products - which would be passed onto consumers - or even forcing them to cut back on inventory. For instance, Dollar Tree - which has high exposure to China - warned that if tariffs are implemented, the company might have to change product details or sizes and even stop carrying items altogether if they become too expensive. A Walmart spokesperson said in a statement to FOX Business that the company remains "concerned that significantly increased tariffs could lead to increased costs for our customers at a time when they are still feeling the remnants of inflation." Goldman Sachs also raised concerns that hiking the levies on products will drive up costs for everyday Americans. FOX Business' Anders Hagstrom contributed to this report. via: https://www.foxbusiness.com/retail/target-best-buy-ceos-warn-price-increases-tariffs-take-effect

America's first digital currency is a 'technology superpower' dollar with 'profound' impact, CEO sig

Posted by radio1n1 — Tue, 4 Mar 2025 13:03 GMT

With the first-ever White House crypto summit taking place later this week, investors are watching for any direction on what a cryptocurrency reserve entails. The chairman, CEO and co-founder of Circle - a financial technology company that manages stablecoin USD Coin (USDC) - is confident that the future of digital currency will be used as a "superpower" with "profound" impact. "This is a technology superpower dollar that expands the role of the United States around the world," Jeremy Allaire said on "Mornings with Maria," Tuesday. "We've digitized everything: digital media, digital communications, software information and all of those digitizations allowed information and communications to kind of move globally, freely," he continued. TRUMP MOVES 'CRYPTO STRATEGIC RESERVE' FORWARD, PROMISES TO ELEVATE INDUSTRY "We haven't had that with money. Digital currency gives us a way to do that with money, and the implications for the United States and for small businesses and households are profound." Circle's fully-backed digital dollar was built with global markets in mind and made redeemable 1:1 for U.S. dollars. After launching more than six years ago, its CEO claims there's been impressive growth and stability. "I like to call it America's first digital dollar," Allaire said. "Over the last 12 months, it's had 100% growth. The amount of transactions happening with it on the internet is in the trillions of dollars, including over $1 trillion a month." He explained how it's held in the U.S. financial system, supported by Treasury bills, repo and cash, as well as firms like BlackRock and the Bank of New York Mellon. "That gives us its price stability. But it has all of the technology utility that the internet brings, which is the ability to move money instantly, inexpensively. And that has benefits for small business, for households and obviously for the financial world more broadly," Allaire explained. President Donald Trump will host a crypto event on Friday that will include "prominent founders, CEOs, and investors from the crypto industry, as well as members of the president's Working Group on Digital Assets," according to the White House. GET FOX BUSINESS ON THE GO BY CLICKING HERE The crypto summit will take place after Trump signed an executive order in January to establish a crypto-working group, which consists of officials from various federal agencies to advise the White House on policy surrounding digital assets. "This allows the U.S. to project and export digital dollars all around the world. We're in a competitive race with China," Circle's CEO said. "We're trying to find what economic system is going to win, what currency system is going to win." READ MORE FROM FOX BUSINESS FOX Business' Landon Mion contributed to this report. via: https://www.foxbusiness.com/media/americas-first-digital-currency-technology-superpower-dollar-profound-impact-ceo-signals

Get your new smartphone now before tariffs impact the price

Posted by radio1n1 — Tue, 4 Mar 2025 11:00 GMT

Several of President Donald Trump's tariffs came into force Tuesday, including the latest levy on imports from China. Imports from China, a major producer of smartphones, their parts and other technology, were hit with another 10% tariff. That built upon a 10% levy the president already imposed on the country in early February. In addition to the new tariff on imports from China, the administration also implemented tariffs on imports from both Canada and Mexico, ending the month-long pause on those levies. The move has raised questions about how consumer prices for new smartphones could be affected in the short-term and the longer-term by the tariffs, particularly the levy put on imports from China. WARREN BUFFETT SAYS TARIFFS ARE AN ECONOMIC 'ACT OF WAR': 'TOOTH FAIRY DOESN'T PAY 'EM' Roughly 78% of the U.S.'s smartphone imports come from China, the Consumer Technology Association has said. RKS Design founder Ravi Sawhney told FOX Business consumers are "unlikely to see a noticeable price increase" for smartphones "in the immediate term" from the tariffs, explaining that "most smartphone manufacturers plan inventory and pricing strategies months in advance, so existing stock already in the market won't be affected." He added that companies "often absorb short-term cost increases rather than immediately passing them on to consumers to remain competitive." Crowell Global Advisors Global Life Sciences Chair Joseph Damond offered a similar perspective on short-term smartphone prices, saying consumers may not immediately face a hike "because there will be a lag before increased tariff costs have a direct impact on production and sale of new phones, and because in the short run various parties along the production and distribution chain may be more willing to bear some reductions in their profit margins, until they see whether the tariffs will last." "If the sellers believed that the tariffs were only going to be temporary and are being used as a negotiating tactic, they may not raise their prices immediately," Scott Baier, chair of the John E. Walker Department of Economics at Clemson University, told FOX Business. "However, if the tariffs are believed to be permanent, firms may want to raise their prices. If consumer demand is not too sensitive to changes in the price, then much of the tariff will be passed onto the consumer." Meanwhile, economist Michael Szanto suggested the tariffs could lead to a "moderate effect on the price of smartphones in the near future." "Last set of Trump tariffs from his first term largely exempted Apple iPhones which are largely assembled in China, but Wall Street is concerned this time could be different," he said. GET FOX BUSINESS ON THE GO BY CLICKING HERE Smartphone prices "likely" could go up in the medium-term, according to Damond, but producers "may take steps to move production to countries not affected by tariffs in an attempt to mitigate cost increases" longer-term. "If these tariffs remain in place, we could see gradual price increases over the next several months," Sawhney also predicted for the longer-term. "Manufacturers will either absorb higher production costs, shift supply chains, or pass costs directly to consumers." He told FOX Business consumers could potentially see "flagship devices" become more expensive or "reduced promotions and trade-in incentives," as well as companies looking into "more aggressive nearshoring strategies" to boost production in countries like Vietnam or India. Baier also indicated companies could pursue relocating smartphone manufacturing sites from China as part of their longer-term response to the tariff on that country. "Even if some of the rare earth materials, semiconductors, batteries, and other component parts are produced in China as long as there is enough value-added through other components and assembly in other countries," he predicted. "When the goods are shipped from another country to the United States, it may not be subject to tariffs even though it has some components produced in China. The United States Customs and Border Protection assesses whether a good has been transformed enough to avoid the tariff." The tariffs could potentially lead to a trade war, according to Szanto. "The other thing to watch out for is the growing tensions with a potentially hostile Communist China is the growing military threat to Taiwan," he also said, noting many of the "most advanced" CPUs for smartphones come from there. Globally, there were 1.24 billion shipments of smartphones by manufacturers over the course of 2024, according to a report from the International Data Corporation. In the U.S., 91% of American adults were owners of smartphones in 2024, Pew Research Center found in a survey last year. TRUMP SAYS TARIFFS ON 'EXTERNAL' AGRICULTURAL PRODUCTS TO BEGIN APRIL 2 When Trump unveiled the tariffs against Canada and Mexico and the initial levy against China in February, the White House said it was seeking to push the three countries to take steps to curb drugs and illegal immigration from coming into the U.S. The president unveiled plans for the extra tariff against China late last month. via: https://www.foxbusiness.com/technology/get-your-new-smartphone-now-before-tariffs-impact-price

DOGE deadline for Department of Education employees to accept $25K buyout passes

Posted by radio1n1 — Tue, 4 Mar 2025 10:40 GMT

The deadline for U.S. Department of Education employees to accept an offer of up to $25,000 to resign or retire has passed as Linda McMahon was sworn in to lead the agency on Monday. The majority of Department of Education staff were offered the one-time buyout incentive as President Donald Trump and the Department of Government Efficiency (DOGE) look to gut the agency and return education responsibilities back to the states. Education Department employees were offered the one-time buyout and given an 11:59 p.m. deadline on Monday to accept or decline the deal, a spokesperson for the department told Fox News Digital on Monday. DEPARTMENT OF EDUCATION CANCELS ANOTHER $350M IN 'WOKE' SPENDING FOR CONTRACTS, GRANTS It is unclear how many employees accepted the offer ahead of the deadline. Fox News Digital on Tuesday reached out to the Education Department for figures but did not immediately receive a response. With about 4,200 employees, the agency's workforce is the smallest of the 15 Cabinet-level executive departments. The buyout offers come on the heels of President Donald Trump saying he wants to abolish the Department of Education, calling it a "con job" that has failed to properly educate American students. "They ranked the top countries in the world. We're ranked No. 40, but we're ranked No. 1 in one department: cost per pupil," Trump said earlier this month. DOGE SLASHES OVER $100M IN DEI FUNDING AT EDUCATION DEPARTMENT: 'WIN FOR EVERY STUDENT' The Trump administration has already announced drastic cuts to the department with the Elon Musk-led DOGE terminating 29 DEI training grants totaling $101 million earlier this month. DOGE then quickly announced the cancelation of another 89 contracts worth $881 million. The Department of Education earlier this month canceled 10 contracts with Regional Educational Laboratories (REL), totaling $336 million, after a review of the contracts uncovered "wasteful and ideologically driven spending not in the interest of students and taxpayers," a news release states. A review found instances where DEI initiatives were being funded, the Department of Education said. Linda McMahon, the former World Wrestling Entertainment (WWE) CEO, was officially sworn in to serve as the next Secretary of Education on Monday. She has vowed to follow through with the president's plans for the department. "President Trump believes that the bureaucracy in Washington should be abolished so that we can return education to the states, where it belongs," McMahon told members of the Senate Committee on Health, Education, Labor and Pensions on Feb. 13. "I wholeheartedly support and agree with this mission." GET FOX BUSINESS ON THE GO BY CLICKING HERE The Senate confirmed McMahon 51-45, along party lines, the final hurdle of her confirmation process. "I am prepared to lead the Department in this transformational time and embrace the challenge to improve the education system for the more than 100 million children and college students who deserve better," McMahon said in a statement after being confirmed. Fox News' Aubrie Spady, Stepheny Price and Louis Casiano contributed to this report. via: https://www.foxbusiness.com/politics/doge-deadline-department-education-employees-accept-25k-buyout-passes

Massachusetts commercial spaces on chopping block as Trump admin cancels leases for federal agencies

Posted by radio1n1 — Tue, 4 Mar 2025 07:53 GMT

The Trump administration's newly created Department of Government Efficiency (DOGE) is canceling federal leases across the country and the movement has now reached central Massachusetts properties. DOGE terminated seven commercial leases associated with the Food and Drug Administration, Department of Agriculture and U.S. Customs and Border Patrol. "We've been DOGE-ed," said Christopher Egan, president of Carruth Capital in Westborough, told the Worcester Business Journal. WHAT HAS DOGE CUT SO FAR? The canceled leases add up to an annual sum of $1.34 million and a total of 60,182 square feet, according to a WBJ report. This represents 37% of the federal government's leased space in Central Massachusetts, according to the General Services Administration (GSA). DOGE data, as of last month, shows about $100 million in lease reductions. Approximately $97 million of which were majority-office spaces, according to a Bloomberg analysis of GSA data. ELON MUSK'S DOGE MAKES ANOTHER HIRING PUSH These cuts come as President Donald Trump's administration vows to significantly slash the size of the federal government. These DOGE cuts are a continuation of scaling back the government's footprint, something GSA has been reportedly cutting down since 2023, when they knocked out 18 million square feet of leased space. However, the government's rent roll did not change much during the first Trump administration or under former President Joe Biden, a Bloomberg analysis shows. GET FOX BUSINESS ON THE GO BY CLICKING HERE According to CoStar, the number of canceled federal office leases nationwide has doubled since February, affecting all U.S. states except for Rhode Island and Indiana. DOGE's website claims to have achieved total estimated savings of $65 billion, which it says is a "combination of fraud detection/deletion, contract/lease cancellations, contract/lease renegotiation, asset sales, grant cancellations, workforce reductions, programmatic changes and regulatory savings." Its website listed contracts and lease cancellations which tallied to $12,751,900,462 as of Feb. 24, with the DOGE team's last listed update being Feb. 17. However, the website doesn't offer a detailed explanation of how it's accounting for the other $43 billion in overall savings it claims. via: https://www.foxbusiness.com/politics/massachusetts-commercial-spaces-chopping-block-trump-admin-cancels-leases-37-federal-agencies

Trudeau says Canada will issue 25% tariffs on $155B of American goods in retaliatory fashion

Posted by radio1n1 — Tue, 4 Mar 2025 03:33 GMT

Canadian Prime Minister Justin Trudeau announced 25% tariffs on American goods in response to President Donald Trump's tariffs that are going into effect on Canadian imports at midnight on Tuesday. The retaliatory tariffs Canada is imposing on $155 billion of U.S. goods take effect Tuesday at 12:01 a.m. Trump signed an executive order authorizing an additional 25% tariff on imports from Canada and Mexico, and an additional 10% tariff on Chinese imports. Energy imported from Canada, including oil, natural gas and electricity, would be taxed at an additional 10%. China has since imposed tariffs on U.S. goods and Mexico has vowed retaliatory tariffs. TRUMP TARIFFS ON MEXICO, CANADA, CHINA ARE HOURS AWAY FROM HITTING AT MIDNIGHT The Trump administration agreed last month to a 30-day delay in imposing the 25% tariffs on Canadian and Mexican goods. Officials from both countries have carried out negotiations with the Trump administration in recent weeks, but there has been no agreement to reduce the tariffs. Trudeau said Monday "there is no justification for these actions," pointing to the White House's argument that the flow of drugs, including fentanyl, into the U.S. warranted the tariffs on Canada, Mexico and China, though the amount of fentanyl coming across the northern border is very low. "While less than 1% of the fentanyl intercepted at the U.S. border comes from Canada, we have worked relentlessly to address this scourge that affects Canadians and Americans alike," Trudeau said in a statement. "We implemented a $1.3 billion border plan with new choppers, boots on the ground, more co-ordination, and increased resources to stop the flow of fentanyl." WHAT'S HAPPENING WITH TRUMP'S TARIFFS ON CHINA, CANADA AND MEXICO? "We appointed a Fentanyl Czar, listed transnational criminal cartels as terrorist organizations, launched the Joint Operational Intelligence Cell, and are establishing a Canada-U.S. Joint Strike Force on organized crime," he continued. "Because of this work - in partnership with the United States - fentanyl seizures from Canada have dropped 97% between December 2024 and January 2025 to a near-zero low of 0.03 pounds seized by U.S. Customs and Border Protection." Trudeau said Canada "will not let this unjustified decision go unanswered" and announced that tariffs on American goods would go into effect at 12:01 a.m. if the Trump tariffs go into effect at midnight as promised. Canada said it will start with tariffs on $30 billion worth of American goods, followed by tariffs on $125 billion of American products in 21 days. GET FOX BUSINESS ON THE GO BY CLICKING HERE "Our tariffs will remain in place until the U.S. trade action is withdrawn, and should U.S. tariffs not cease, we are in active and ongoing discussions with provinces and territories to pursue several non-tariff measures," the prime minister said. "While we urge the U.S. administration to reconsider their tariffs, Canada remains firm in standing up for our economy, our jobs, our workers, and for a fair deal." Trudeau said Americans will pay more for groceries, gas and cars, and could lose thousands of jobs as a result of Trump's tariffs. "Tariffs will disrupt an incredibly successful trading relationship," he said. "They will violate the very trade agreement that was negotiated by President Trump in his last term." via: https://www.foxbusiness.com/economy/trudeau-says-canada-issue-25-tariffs-155b-american-goods-retaliatory-fashion

Trump's tariffs on China, Canada and Mexico take effect

Posted by radio1n1 — Tue, 4 Mar 2025 03:02 GMT

President Donald Trump's new tariffs on China, Canada and Mexico took effect at midnight Tuesday morning, increasing the taxes that U.S. importers will pay on certain goods when they enter the country. Effective Tuesday, U.S. imports from China, the third-largest U.S. trading partner, will be subject to a new 10% tariff on top of the initial 10% tariff he imposed on Chinese goods last month. Tariffs on imported goods from Canada and Mexico - America's two largest bilateral trading partners, according to Census Bureau data - are also set to rise, with 25% tariffs levied on all imports from the two countries. The tariffs include a carve-out for a lower 10% tariff on Canadian oil imports. President Trump was asked on Monday whether there was room left for any room left for Canada or Mexico to make a deal to avoid tariffs and he replied, "No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into effect tomorrow." WARREN BUFFETT SAYS TARIFFS ARE AN ECONOMIC 'ACT OF WAR': 'TOOTH FAIRY DOESN'T PAY 'EM' Shortly after taking office in January, Trump announced he would impose tariffs on the three countries and cited the flows of illegal fentanyl shipments across the Mexican and Canadian borders, as well as precursor chemicals for fentanyl shipped from China. He cited authority under the International Emergency Economic Powers Act (IEEPA). While the China tariffs were implemented on schedule, the president delayed the Canada and Mexico tariffs for a month after the two countries announced border security measures. "Just so you understand, vast amounts of fentanyl have poured into our country from Mexico and, as you know, also from China, where it goes to Mexico and goes to Canada. And China also had an additional 10%, so it's 10 plus 10. And it comes in from Canada, and it comes in from Mexico, and that's a very important thing to say," Trump said during Monday's press conference. WHO GETS STUCK WITH THE BILL FOR TARIFFS ON IMPORTED CANADIAN OIL? U.S. trading partners have already signaled they will retaliate through their own tariffs on American exports, as well as potential non-tariff trade barriers that would be aimed at U.S. firms. Canada announced that it will impose a 25% tariff on a wide variety of American exports, including machinery, auto parts, apparel products, alcohol and tobacco, sports equipment, plastic products, construction materials, lumber, agricultural products, appliances, furniture, chemicals and more. It also plans additional tariffs on other U.S.-made products that are expected to include cars, trucks, buses, electric vehicles (EVs), recreational vehicles, steel and aluminum products, fruits and vegetables, beef, pork, dairy products and more. CONSUMER CONFIDENCE SLUMPS IN FEBRUARY WITH BIGGEST MONTHLY DROP IN NEARLY 4 YEARS Mexico's government signaled in February that it is planning retaliatory tariffs it would implement if Trump imposed tariffs on Mexico, though it didn't specify those measures at the time. A report by Reuters citing sources familiar with the matter suggested the potential tariffs could range from 5% to 20% on U.S. pork, cheese, produce, and manufactured steel and aluminum. China retaliated against the initial tariffs by imposing 15% tariffs on U.S. energy exports, including coal, natural gas and petroleum; as well as 10% tariffs on manufactured goods, including trucks and agricultural machinery, a Brookings Institution analysis noted. The newly imposed tariffs are expected to elicit more retaliation from China, as the AP reported that the Chinese government is eyeing tariffs on U.S. agricultural exports and food products as targets. GET FOX BUSINESS ON THE GO BY CLICKING HERE An analysis by the Tax Foundation found that the tariffs imposed on imports from China would reduce long-run GDP by 0.1%, while the tariffs on Canadian and Mexican goods would deal a bigger blow to economic output, reducing GDP by 0.3%. Those figures are before accounting for retaliation by those countries against American products. The Tax Foundation's analysis noted that the U.S. imported $292 billion of non-energy products from Canada in 2024, as well as $120 billion in energy products. Imports from Mexico totaled $504 billion last year, while those from China totaled $430 billion plus additional imports shipped using the "de minimis" loophole. via: https://www.foxbusiness.com/politics/trumps-tariffs-china-canada-mexico-take-effect

LARRY KUDLOW: Trump's offer was the best security tripwire Ukraine could hope for

Posted by radio1n1 — Mon, 3 Mar 2025 21:19 GMT

Volodymyr Zelenskyy doesn't seem to understand that President Donald Trump's minerals and mining deal offer is, in fact, a giant step toward Ukraine's security. I call it the tripwire effect. Think of it this way. American companies will come into Ukraine and open up drilling, excavation, and mining operations for rare earth minerals, precious metals, oil and gas, and so forth. And they will be coming in to build infrastructure in various geographic locations throughout the country. American firms will therefore be putting their boots on the ground. These are not U.S. military boots on the ground. They would be private-sector corporate boots on the ground. But they will nevertheless bring with them large-scale security. Mining and digging for minerals is no small operation. It's a very big deal. It's conceivable thousands of Americans would be moving in to do all manner of jobs, be they front-office administration or engineers out in the field. Think of it as oil patch roughnecks, like in the Permian Basin, something right out of the hit TV show Landman. Now, I call it a 'tripwire' because if the Russians start rolling in tanks or start bombing these American operations, then all global hell will break loose, and Russia would then be attacking Americans. And I don't think they want that kind of escalation. I don't think Russian President Vladimir Putin wants anything remotely near the idea of attacking and killing Americans. It's a bit like President Dwight D. Eisenhower after World War II relocating American families and businesses to Europe, alongside our post-war military bases. The old Soviet communists may have talked big, but they didn't want to start bombing Americans, be they civilian families or military ones. That American population in post-war Europe was a Cold War 'tripwire.' According to Treasury Secretary Scott Bessent, Zelenskyy failed to sign the minerals deal now three times. Once in Kyiv, where, according to Bessent, the Ukrainian leader was very rude in meetings. Once in Munich, after telling Bessent he would sign the deal there. And now last Friday in Washington. It's possible Zelenskyy is just a run-of-the-mill hothead with no manners and no respect for the Oval Office in the U.S. White House with President Trump. When Zelenskyy blew up on Friday, this hostility to America was blatantly on display for all the world to see. Not to mention, American voters are firmly behind President Trump on this. The latest poll from Harvard-Harris pollster Mark Penn shows 60% of Americans favor holding direct peace talks with Russia, and 72% want Ukraine to negotiate an end to the war. Only 28% support Zelenskyy's plan, as it essentially appears now, to simply keep fighting with no end in sight. But Trump is offering him an incredible way out. Yes, the U.S. can recoup some of its Ukraine war expenses. But, in the longer term, Ukraine's entire economy will be reopened, and its assets will be monetized in ways that will be of incalculable benefit to them. It's like Trump is offering Zelenskyy a future, but he won't take it. Instead, he keeps prattling on against ceasefires without security guarantees, when in fact Trump is offering him the best possible security guarantee Ukraine could hope for at this point. But Mr. Trump and his top advisers are worried about something that's almost inconceivable - that Zelenskyy, in reality, doesn't actually want a peace deal, and that the brutal fighting with hundreds of thousands or even millions killed and wounded will go on for years. And that really will bring us closer to World War III. via: https://www.foxbusiness.com/politics/larry-kudlow-trumps-offer-best-security-tripwire-ukraine-could-hope

Dow falls 649 points, S&P, Nasdaq slide on tariff fears

Posted by radio1n1 — Mon, 3 Mar 2025 19:48 GMT

U.S. stocks fell sharply on Monday hours before President Trump's 25% tariffs against Canada and Mexico are set to go live at midnight. The Dow Jones Industrial fell nearly 700 points or 1.48%, while the Nasdaq Composite lost 2.6% and the S&P 500 1.7%. Most active stocks included Nvidia, which lost 8% and Intel, a rival to TSMC fell 4% and Ford nearly 2%. "No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into effect tomorrow," Trump said, taking questions after announcing TSMC's $100 billion investment in the U.S. to "build state of-the-art semiconductor manufacturing facilities" mostly in Arizona. TARIFFS ON CANADA, MEXICO KICK-IN TUESDAY "It's going to be very costly for people to take advantage of this country. They can't come in and steal our money and steal our jobs and take our factories and take our businesses and expect not to be punished, and they're being punished by tariffs," he added. Technology and energy stocks paced the selling, while consumer staples and healthcare, defensive plays, posted fractional gains. The yield on the 10-year Treasury slipped to a three-month low of 4.2%. Along with tariffs, disappointing manufacturing data also rattled the markets. The ISM new orders index fell for the first time in six months, while the employment index remains in contraction for eight of the last nine months. The U.S. economy may be staring down a slowdown. The Federal Reserve Bank of Atlanta's GDPNow forecast, which measures growth expectations in real-time, is showing a 2.8% drop for the first quarter of 2025. Last week, consumer confidence saw the biggest drop in nearly four years. Oil slipped over 2% to $68.28 per barrel, while gold inched up 1.85% to $2,901 an ounce. TRUMP ADVANCES CRYPTO RESERVE PLAN GET FOX BUSINESS ON THE GO BY CLICKING HERE In cryptocurrencies, Bitcoin reversed earlier gains after Trump on Sunday announced plans for a crypto strategic reserve. Prices hovered below $90,000, down from a record $106,734. via: https://www.foxbusiness.com/markets/dow-falls-649-points-sp-nasdaq-slide-tariff-fears

Billionaire hedge fund manager warns of 'economic heart attack' for US economy

Posted by radio1n1 — Mon, 3 Mar 2025 19:35 GMT

Bridgewater Associates founder Ray Dalio said on a recent podcast that the U.S. could be headed towards a future "economic heart attack" without government action. He told Bloomberg's "Odd Lots" podcast that he wanted to inform policymakers that "there's a solution here" that's "doable" to address the government deficit and an impending debt crisis. "You can lower that deficit to go to 3% of GDP," he explained to the hosts Joe Weisenthal and Tracy Alloway. "Trump's tax cuts come in, the projected deficit will be about 7.5% of GDP, and you have to cut that to about 3% of GDP because that'll mean that debts won't rise relative to incomes, and it will greatly improve the supply and demand." GET FOX BUSINESS ON THE GO BY CLICKING HERE The U.S. government saw a deficit of $1.8 trillion in fiscal 2024 alone stemming from $6.75 trillion in spending while bringing in revenues of $4.92 trillion, per the Treasury Department. Dalio told "Odd Lots" that the U.S. is "quite near that point" of a debt death spiral. Without action, he suggested the country could see a "heart attack" occur in "three years, give or take a year, something like that." America's national debt currently stands at $36.2 trillion, according to the Treasury Department. It crossed the $35 trillion mark during the summer last year for the first time. NEW BUDGET PROJECTIONS SHOW US HITTING DEBT RECORD IN 4 YEARS: CBO "If you don't do it, you're going to be in trouble," the Bridgewater Associates founder said of addressing the U.S.'s deficit and debt. He had gone on the Bloomberg podcast to discuss debt cycles and talk about his upcoming book "How Countries Go Broke." It is slated for release in early September. Dalio, who founded Bridgewater about 50 years ago, has a net worth of $14 billion, according to Forbes. CLICK HERE TO READ MORE ON FOX BUSINESS via: https://www.foxbusiness.com/economy/billionaire-hedge-fund-manager-warns-economic-heart-attack-us-economy

Trump says tariffs on 'external' agricultural products to begin April 2

Posted by radio1n1 — Mon, 3 Mar 2025 18:05 GMT

President Donald Trump said on Monday that tariffs will go on "external" agricultural products in early April. "To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold inside of the United States. Tariffs will go on external product on April 2nd. Have fun!" Trump posted Monday on Truth Social. The announcement comes as tariffs against major U.S. trading partners are set to take effect at midnight. Trump delayed imposing 25% tariffs on Canadian and Mexican following last-minute concessions from both countries. Officials from the North American countries have carried out negotiations with the Trump administration in recent weeks, but no agreement to reduce the incoming tariffs has been announced. WHAT ARE TARIFFS, HOW DO THEY WORK AND WHO PAYS FOR THEM? Chinese imports would also be hit with another 10% tariff at midnight on Tuesday. The president previously already imposed a 10% levy on Chinese imports earlier this year. The White House previously said the tariffs were being imposed to hold the countries "accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country." Last week, Trump posted on Truth Social that illegal drugs are still coming into the U.S. at "high and unacceptable levels." WHAT'S HAPPENING WITH TRUMP'S TARIFFS ON CHINA, CANADA AND MEXICO? "We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled," he wrote adding, "China will likewise be charged an additional 10% Tariff on that date." GET FOX BUSINESS ON THE GO BY CLICKING HERE FOX Business' Anders Hagstrom contributed to this report via: https://www.foxbusiness.com/economy/trump-says-tariffs-external-agricultural-products-begin-april-2

Nationwide egg shortage has shoppers turning to Facebook Marketplace

Posted by radio1n1 — Mon, 3 Mar 2025 18:04 GMT

A growing number of people are selling their chicken eggs on Facebook as the nationwide shortage persists. In the last few weeks, people raising their own chickens have posted on the platform that they have eggs available for purchase as store shelves remain more bare than usual and prices continue to rise. "It's so crazy how much eggs are in the store! If you want fresh farm eggs, please let me know we collect them daily. We will wash them for you as well," one user posted. WALMART KEEPS STORE SHELVES STOCKED WITH EGGS AS SHORTAGE PLAGUES RETAILERS NATIONWIDE Another wrote: "Who needs eggs??? Available today!! If you want to get on a schedule let me know. Thanks" One person posted five different cartoons of eggs available for purchase. "We have fresh eggs and chickens available," they wrote. There are also a growing number of individuals who are attempting to raise their own chickens to skirt the shortage and high prices at the store. Jen Tompkins, co-founder of Rent The Chicken, a company that helps people rent chickens and provides all the necessary supplies, from feed to coops, has been flooded with inquiries, which have surged by 500% as of the end of February. Last week, Agriculture Secretary Brooke Rollins announced a $1 billion comprehensive strategy to curb highly pathogenic avian influenza (HPAI), otherwise known as bird flu, which has been decimating flocks and subsequently driving up prices. According to the Department of Agriculture's Economic Research Service's (ERS) food outlook, retail prices will continue to climb, rising 41.1% in 2025. Prices have shot up significantly over the past year as the industry faces the compounding effects of consecutive outbreaks devastating the U.S. egg supply. AMERICANS TAKE TO RAISING THEIR OWN CHICKENS AMID NATIONWIDE EGG SHORTAGE In January, egg prices surged 15.2%, according to the Labor Department's consumer price index. It was the largest increase in egg prices since June 2015 and accounted for nearly two-thirds of the total monthly rise in food prices, the department reported. On an annual basis, egg prices are up 53%. With the uptick in prices, some restaurants - already running on thin margins - have passed costs onto the consumer through temporary menu surcharges. GET FOX BUSINESS ON THE GO BY CLICKING HERE Some grocers have also imposed purchasing restrictions to keep shoppers from stockpiling the product. For instance, Amazon-owned Whole Foods posted signs on its shelves notifying customers that they can only buy three cartons of eggs at one time. Kroger previously confirmed to FOX Business that some banner divisions are limiting shoppers to two dozen eggs per trip, while Trader Joe's is limiting egg purchases to one dozen per customer per day. via: https://www.foxbusiness.com/lifestyle/nationwide-egg-shortage-has-shoppers-turning-facebook-marketplace

Farmers react to Trump's plan to combat egg crisis

Posted by radio1n1 — Mon, 3 Mar 2025 17:27 GMT

Industry experts know the solution to the current egg crisis will not be a quick fix, but they do believe U.S. Secretary of Agriculture Brooke Rollins' $1 billion comprehensive strategy to address the issue is a critical step forward. Farmers told FOX Business they support the focused effort to protect egg-laying hens from highly pathogenic avian influenza, otherwise known as bird flu, believing it will help stabilize the U.S. egg supply and reduce prices. Rollins' "five-pronged strategy" is aimed at curbing the growing number of bird flu outbreaks that began in 2022 and have since decimated flocks around the country and created a significant shortage in the U.S. egg supply. As part of its plan, the government agency plans to invest an additional $500 million into biosecurity measures, $400 million in financial relief for affected farmers and $100 million for vaccine research. The department is also looking to find way to reduce regulatory burdens and explore temporary import options. American Egg Board CEO Emily Metz described it as a "critical step forward" for the industry, emphasizing that Americans have heavily relied on eggs, as shown by 23 consecutive months of high demand and sales. EGGS ARE NOT THE ONLY EXPENSIVE FOOD: BEEF PRICES ARE ALSO ON THE RISE "The Administration's five-pronged approach to combat avian influenza creates a road map to recovery for the egg industry," Metz said. The plan to strengthen the industry's already strict biosecurity and disease prevention measures, provide more financial assistance to affected farmers, fund research into vaccines and therapeutics for better flock protection, remove regulatory burdens and explore temporary solutions to stabilize egg supplies will help the industry "make real progress in addressing this unprecedented systemic disruption in our egg-production system," Metz continued. Farm employee and Chief Science Officer of egg producer Versova Dr. Craig Rowles told FOX Business that while there is no "quick fix" to this complex situation, the government's plan - announced Wednesday - "is firmly in line with what egg farmers believe needs to happen to address this devastating outbreak." EGG PRICES PREDICTED TO JUMP OVER 40% IN 2025: USDA "In particular, we support the continued exploration of a comprehensive vaccine strategy that coordinates between the industry, animal disease experts, the federal government and our international trading partners. HPAI is a worldwide problem, and we must identify global solutions," Rowles said. Garrett Hawkins, president of the Missouri Farm Bureau, also called the $1 billion package "a step in the right direction" in bringing this situation under control. However, he cautioned that the industry and consumers will need to "exercise patience and understand it's going to take some time to see the fruition of this plan." EGG PRICES PREDICTED TO JUMP OVER 40% IN 2025: USDA In recent weeks, restaurants and grocers have been adding surcharges or limiting the number of eggs customers can purchase as outbreaks of bird flu continued to wreak havoc on the U.S. egg supply. As of Feb. 21, the USDA Animal and Plant Health Inspection Service has confirmed there have been 36 outbreaks in nine states. This has resulted in the loss of 26.8 million birds since the beginning of 2025. In January alone, there were about 18.8 million commercial egg layers affected by bird flu, marking the highest monthly total since the virus started to spread rapidly. Egg prices surged 15.2% in January, according to the Labor Department's consumer price index. It was the largest increase in egg prices since June 2015 and accounted for nearly two-thirds of the total monthly rise in food prices, the department reported. On an annual basis, egg prices are up 53%. The Department of Agriculture's Economic Research Service's (ERS) food outlook also projected that prices will surge over 40% in 2025. Biosecurity measures: Under the plan, the USDA said it will expand its successful Wildlife Biosecurity Assessments to egg-layer facilities nationwide to protect farms from wild birds, which the USDA says cause of 83% of all bird flu cases. The agency will also extend biosecurity audits, with free audits continuing for farms affected by HPAI. AMERICANS TAKE TO RAISING THEIR OWN CHICKENS AMID NATIONWIDE EGG SHORTAGE The USDA will also deploy 20 trained experts to help farms reduce HPAI risks and improve biosecurity, focusing on "protecting against spread through wild birds in addition to lateral spread." Increase relief to affected farmers The USDA's Animal and Plant Health Inspection Service (APHIS) will continue to compensate farmers who have to kill their flocks to control the further spread of HPAI. The agency also said new programs are being explored to help farmers to accelerate the rate of repopulation, including ways to simplify the approval process to speed recovery. Removing regulatory burdens The USDA will work with the U.S. Food and Drug Administration to examine strategies to expand supply in the commercial market for eggs. It also plans to minimize burdens on individual farmers and consumers who harvest homegrown eggs while simultaneously working with farmers and scientists "to develop innovative strategies to limit the extent of depopulations in HPAI outbreaks." GET FOX BUSINESS ON THE GO BY CLICKING HERE The USDA will also educate both consumers and Congress on the need to fix the problem of geographical price differences for eggs. Explore pathways towards vaccines, therapeutics and other strategies The U.S. will be "hyper focused" on developing new vaccines and treatments to reduce the need to kill egg-laying chickens. They will also improve the way they monitor chickens in and around outbreaks. The USDA will also work with other countries to "limit impacts to export trade markets from potential vaccination." It will also work alongside the U.S. Department of Health and Human Services to ensure public safety is kept in mind while exploring new approaches. They will hold discussions every two weeks and update the public regularly. via: https://www.foxbusiness.com/lifestyle/farmers-react-trumps-plan-combat-egg-crisis

Chip giant TSMC expected to announce $100B investment in US

Posted by radio1n1 — Mon, 3 Mar 2025 15:49 GMT

Semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to announce a $100 billion investment on Monday, a White House official told Fox News. TSMC, a Taiwan-based chipmaker that builds advanced semiconductors which are used to power smartphones and artificial intelligence (AI) models, is expected to announce the investment following meetings with President Donald Trump. The investment is expected to focus on advanced semiconductor manufacturing facilities over the next four years. TSMC has previously invested in a chip factory in Arizona with an initial $12 billion investment, and last April it announced an additional investment of $25 billion to add a third factory at its Arizona facility by 2030 to bring its total investment there to $65 billion. The company also received an award of up to $6.6 billion in grants from the CHIPS Act for the Arizona facility as well as other federal funds from the law that aimed to bolster domestic semiconductor manufacturing in the U.S. TSMC said Monday that it "looks forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers." Reuters contributed to this report. via: https://www.foxbusiness.com/markets/chip-giant-tsmc-expected-announce-100b-investment-us

Warren Buffett says tariffs are an economic 'act of war': 'Tooth Fairy doesn't pay 'em'

Posted by radio1n1 — Mon, 3 Mar 2025 15:45 GMT

Legendary investor Warren Buffett discussed the economic impact of tariffs in a rare media interview published on Sunday. Buffett was interviewed by CBS News' Norah O'Donnell as part of a documentary on Washington Post publisher Katharine Graham, and the legendary Berkshire Hathaway CEO talked about the economic impact of the Trump administration's pending tariffs. "Tariffs are actually, we've had a lot of experience with them. They're an act of war to some degree," Buffett said. "Over time, they are a tax on goods. I mean, the Tooth Fairy doesn't pay 'em!" Buffett jokingly said. "And then what? You always have to ask that question in economics. You always say, 'And then what?'" WARREN BUFFETT, IN ANNUAL LETTER, TOUTS BERKSHIRE HATHAWAY'S SUCCESS Buffett's remarks come as President Donald Trump's planned 25% tariffs on imported goods from Mexico and Canada are expected to take effect on Tuesday, along with an additional 10% tariff on Chinese goods, barring a last-minute postponement by the White House. Trump has proposed the creation of an "External Revenue Service" to collect those tariffs, which he argues are paid by those outside the country. However, importing firms are responsible for paying the cost of the tariff, which is currently collected by the U.S. Customs and Border Protection agency. WARREN BUFFETT TOUTS US STOCK HOLDINGS, JAPAN INVESTMENTS O'Donnell asked Buffett about the condition of the U.S. economy, but he declined to weigh in on the subject directly. "Well, I think that's the most interesting subject in the world, but I won't talk, I can't talk about it, though. I really can't," he said. Buffett was also asked about his view on investing in America, saying that it will always be the primary destination for funds from his portfolio. "A majority of any money I manage will always be in the United States," Buffett said. When asked why that is, he responded, "It's the best place! I was lucky to be born here." WARREN BUFFETT'S ANNUAL LETTER TO BERKSHIRE HATHAWAY SHAREHOLDERS: READ HERE Berkshire Hathaway recently released its annual report for 2024 which included a letter from Buffett in which he discussed the firm's large cash holdings and his preference for equity investment. "Despite what some commentators currently view as an extraordinary cash position at Berkshire, the great majority of your money remains in equities," he said. "That preference won't change. While our ownership in marketable equities moved downward last year from $354 billion to $272 billion, the value of our non-quoted controlled equities increased somewhat and remains far greater than the value of the marketable portfolio." GET FOX BUSINESS ON THE GO BY CLICKING HERE "Berkshire shareholders can rest assured that we will forever deploy a substantial majority of their money in equities - mostly American equities although many of these will have international operations of significance. Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned," Buffett wrote. via: https://www.foxbusiness.com/politics/warren-buffett-says-tariffs-economic-act-war-tooth-fairy-doesnt-pay-em

Domino's Pizza debuts stuffed crust in effort to boost sales

Posted by radio1n1 — Mon, 3 Mar 2025 15:20 GMT

Domino's Pizza has officially rolled out stuffed crust in the U.S. The company on Monday announced that customers can now order cheese-filled crust at all locations in the U.S., joining the ranks of pizza chains that already offer it. "One of the most common questions we're asked is, 'When will you launch stuffed crust?' We're excited to announce that our first-ever stuffed crust is finally here and we promise, it is worth the wait. We think the best stuffed crust was saved for last," Domino's Chief Marketing Officer Kate Trumbull said in a statement. Domino's new Parmesan Stuffed Crust consists of dough that the chain is filling with mozzarella cheese and topping with garlic seasoning and Parmesan cheese. GET FOX BUSINESS ON THE GO BY CLICKING HERE The chain also said Monday that it would hold a giveaway of $250,000 worth of its stuffed crust pizzas to "make it up to" customers who Domino's said "have had to go elsewhere to fulfill their stuffed crust cravings" for years. Yum! Brands-owned Pizza Hut has sold stuffed crust since the mid-1990s, while other competitors Little Caesars and Papa John's have made it available for their own pizzas in the past several years. DOMINO'S MANAGER FIRED BY FRANCHISEE FOR COMPLAINING OWNER HIRED ILLEGAL IMMIGRANTS, LAWSUIT CLAIMS Domino's missed estimates for quarterly same-store sales and said the consumer environment for fast food would remain pressured in 2025 as companies double down on their value meal offerings. Fast-food chains have been relying more on discounting in recent years - with Domino's introducing value offerings to drive demand in late 2023. CEO Russell Weiner told analysts during the fourth-quarter earnings call last week that Domino's planned to "continue to build on this momentum" it saw with its New York Style Pizza and Mac & Cheese "by launching at least two new products" in 2025. U.S. same-store sales grew 0.4% in the fourth quarter, well below LSEG analysts' estimate of 1.63%. The company had more than 7,000 locations across the country as of the end of December. CLICK HERE TO READ MORE ON FOX BUSINESS Reuters contributed to this report. via: https://www.foxbusiness.com/lifestyle/dominos-pizza-debuts-stuffed-crust-effort-boost-sales

O'Leary warns Trump, Trudeau's 'very negative' relationship has 'just gotten worse'

Posted by radio1n1 — Mon, 3 Mar 2025 15:06 GMT

O'Leary Ventures Chairman and "Shark Tank" star Kevin O'Leary shut down attempts by Canada to push anti-Donald Trump rhetoric and warned the relationship between the two bordering nations has "just gotten worse." "This reaction in Canada has mostly to do with the constant barbs that Trump is throwing at Trudeau, who is still in power for another 22 days. There's a very negative relationship there. And it's just gotten worse because Trudeau has been putting out posts while he's in Europe stirring up anti-Trump sentiment," O'Leary said on "Varney & Co." Monday. "These guys never liked each other, and Trudeau has nothing to lose." President Donald Trump said last week that his proposed 25% tariffs on Mexico and Canada remain on track to go into effect March 4, because drugs are still pouring into the U.S. from across their borders at "very high and unacceptable levels." TRUMP IS PLAYING A DANGEROUS TARIFF GAME DESPITE HIS 'REALLY STRONG' AGENDA, U.S. ECONOMIST WARNS Canada will also reportedly suffer an additional 10% tax on their energy products, such as oil and electricity. The political tension has reverberated into the Canadian public, as loud boos were heard during America's national anthem in hockey's 4 Nations Face-Off. More recently, some north-of-the-border coffee shops are changing the name of the Americano drink to "Canadiano." "So Trump keeps going with, 'Let's buy [Canada] as the 51st state.' And that has made Canadians crazy. But the truth is that that is not being discussed at all," O'Leary commented. "That's not part of the actual narrative that's occurring... in Washington, D.C., because there's no leadership in Canada at the federal level. There's no active prime minister that's relevant." The trade war between the two countries comes as Canada will also be transitioning to new leadership in the coming months after current Prime Minister Justin Trudeau announced in January that he would step down and end his nine-year run leading the country. GET FOX BUSINESS ON THE GO BY CLICKING HERE "It's a void. And so what's occurred is, all of the premiers of the different provinces that have different agendas - Ontario is different than Alberta, for example, they're the giant behemoths in terms of economies and Saskatchewan for energy as well - they're down with their teams trying to focus on a new deal," O'Leary continued. "If you want to call it NAFTA 3, there is a slight chance this whole thing gets punted till April 2nd after the report comes out on the impact of tariffs on Canada and Mexico," he expanded. "But this nationalism in Canada is the noise. It's not the signal." READ MORE FROM FOX BUSINESS FOX Business' Stephen Sorace and Fox News' Michael Lee contributed to this report. via: https://www.foxbusiness.com/media/oleary-warns-trump-trudeau-very-negative-relationship-has-just-gotten-worse