Dire warning issued for stock market during Joe Biden’s tenure in White House

According to Bloomberg, economists at Goldman Sachs warned in a recent research note that U.S. investors are significantly underestimating the risk of a recession, potentially increasing the impact of a recession next year. Bloomberg also reported that researchers at Goldman estimate a 39% chance of a slowdown in U.S. growth, but risk assets only account … Read more

Disney loses $1.5 billion in streaming division

After huge streaming losses, the Walt Disney Company, led by FORMER CEO Bob Chapek, shares hit their lowest level in 2 years. As ballooning costs at the entertainment giant’s fast-growing streaming division cast a shadow on strong subscriber additions, Walt Disney tumbled 13% to the lowest since March 2020. The executives’ promise of profitability next … Read more

EV Hummer could cost $100 to fully charge: report

A gigantic battery pack can be found in the GMC Hummer EV, but, when you’re out on the road, it can be a little too expensive to charge. One Hummer EV was charged from zero to 100% on an Electrify America charger by Kyle Conner from Out of Spec Reviews, as covered by InsideEVs. Thanks … Read more

Top Programming Exec from CNN is on the way out

CEO Chris Licht confirmed that Michael Bass, who is a top programming executive at CNN, is leaving the outlet. In a memo sent to employees of the network, Licht said: “Throughout his nearly decade-long run at this organization, Michael has demonstrated incredible leadership and perseverance.” “He has been a steady hand during some of the … Read more

Biden trips to Delaware cost taxpayers $11 million so far

According to data from former CBS correspondent Mark Knoller, the president, Joe Biden, has made 57 trips to his home state of Delaware, spanning all or part of 185 days. So this means that, since the start of Joe Biden’s presidency, as per a report, the president’s frequent trips to Delaware have cost taxpayers at … Read more

Judge orders documents linked to Jeffrey Epstein associates UNSEALED

Documents related to deceased convicted pedophile Jeffrey Epstein and his associates were ordered by a federal judge to be unsealed. Several documents filed in a defamation case against ex-Epstein handler and lover Ghislaine Maxwell were ruled by Judge Loretta Preska in a recent decision to be released amid objections they would harm the reputations of … Read more

CBS quit using Twitter, returned less than 24-hours later

CBS News announced its intention to pause its social-media activity on Twitter, but in less than 24 hours it reversed its decision and now intends to remain active on the platform. “In light of the uncertainty around Twitter and out of an abundance of caution, CBS News is pausing its activity on the social media … Read more

Tucker and Hannity crush ratings once again

Fox News brings home another score of top ratings, crushing competition once again. Sean Hannity from Fox News finished second place in the ratings in the key 25-54 age demographic. Just behind Tucker Carlson’s 587,000 demo viewers, Hannity raked in 515,000 demo viewers at 9 p.m. It is not unusual for Carlson to land on … Read more

Disney stocks take a tumble, company suffers losses

Disney took a big hit and it doesn’t look pretty. Missing on both the top and bottom lines, Disney (DIS) reported fiscal fourth-quarter earnings after the bell. As the company battled higher-than-expected streaming losses, macroeconomic challenges, including the global advertising slowdown, weighed on earnings. With losses accelerating as investors digested the results – down as … Read more