New York CNN — Former President Donald Trump said he no longer has four cell phones identified by the New York attorney general’s investigation into the Trump Organization’s finances but has turned over his personal phone to be searched as he tries to convince a state judge to lift a civil contempt ruling that so […]
CNN — The Biden administration announced Wednesday it would cancel three upcoming offshore oil and gas leases – two in the Gulf of Mexico and one in Alaska – over a lack of interest and delays. The cancellation of the previously planned Cook Inlet sale in Alaska, as well as the lease sales in the […]
New York CNN Business — Diesel prices are soaring to record levels, and record low inventories of the fuel in parts of the United States are sparking fears of worse to come. Even if you’ve never bought a gallon of diesel in your life, as is the case for most US drivers, high diesel prices […]
New York CNN Business — At the height of the pandemic, as the coronavirus infected tens of thousands of meat industry workers and caused hundreds to die, executives at the nation’s largest meat producers were aware of the transmission risk in their plants and successfully lobbied the Trump White House and the USDA to circumvent […]
CNN — Despite a disappointing season on the pitch, Paris Saint-Germain star Lionel Messi was the highest-paid athlete in the world over the last 12 months, according to Forbes. The soccer sensation is reported to be bringing in pre-tax gross earnings of $130 million a year from on-field and off-field pursuits, keeping him ahead of […]
New York CNN Business — Electric truck maker Rivian delivered some much needed assurance to Wall Street Wednesday, even as it reported a larger than expected first quarter loss. The company said that it had 7,000 new orders for its R1 electric pickup in the last two months, bringing total net orders up to 90,000 […]
Hong Kong CNN Business — Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no automaker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data from […]
New York CNN Business — In another blow to the US economy, prices at the pump soared to fresh record highs. The national average price for regular gasoline climbed more than four cents on Tuesday to $4.37 a gallon, according to AAA. That takes out the previous record of $4.33 set on March 11. The […]
Editor’s Note: Jeff Tucker is a senior economist on the economic research team at Zillow. The opinions expressed in this commentary are his own. After 14 straight months of year-over-year home price growth reaching into the double digits, we’re finally starting to see the early signs of a cooling housing market. Don’t worry. A crash […]