Posts by Amelia Frost
Iranian Lawmaker Says Country Could Enrich Uranium To Weapons-Grade If Attacked Again
Iranian parliamentary spokesman Ebrahim Rezaei said the country could enrich uranium to weapons-grade level if attacked again. “One of Iran’s options in the event of another attack could be 90 percent enrichment. We will review it in the parliament,” Rezaei said in a social media publication. The remarks come after different reports noted that President…
Read MoreSenate Confirms Kevin Warsh As Fed Governor, Another Step Toward Becoming Chair
The Senate on Tuesday confirmed Kevin Warsh as governor of the Fed, taking another step towards replacing Jerome Powell as chair of the central bank. The Upper House voted 51-45 to confirm Warsh for a 14-year term as one of the body’s seven governors. It still needs to vote whether to confirm him as Fed…
Read MoreTexas Sues Netflix, Claims It Spies On People And Manipulates Users
Texas is suing Netflix, alleging that the company spied on its users without their knowledge or consent and manipulates them. The lawsuit alleges that Netflix tracked and logged users’ viewing habits, preferences, devices, household networks, application usage, and other behavioral data. That information, according to the lawsuit, was then disclosed to commercial data brokers and…
Read MoreFirst Tariff Refunds Reach U.S. Importers As Govt Begins Repayment Process
The first round of tariff refunds began arriving in bank accounts Tuesday as U.S. Customs and Border Protection started returning duties collected from importers under a trade enforcement program that has since been invalidated by a federal legal decision. The payments are being processed through an online claims portal launched last month, allowing businesses to…
Read MoreIran War Drives Up Business Costs As Economists Warn Of Pressure On Hiring, Investment
American businesses are facing higher operating costs and weaker outlooks as the war in Iran continues to disrupt energy markets and supply chains. Economists say rising fuel prices, transportation expenses and materials costs are feeding through production systems, tightening margins across a wide range of industries. A Business Conditions Survey released by the National Association…
Read MoreEU Announces Plans To Ban Addictive Social Media Features, Impose Age Restrictions
The European Union (EU) is planning to crack down on social media with age restrictions and plans to ban addictive features in an effort to protect children from aspects of the platforms. European Commission President Ursula Von der Leyen addressed this issue in Copenhagen, openly suggesting age restrictions should be considered before children use platforms…
Read MoreSecret Agent For China Who Became Mayor Of California Town Faces 10 Years In Prison
The mayor of a Los Angeles suburb has resigned and plans to plead guilty to charges that she was operating as an agent for the People’s Republic of China. Prosecutors say that Eileen Wang 58, of Arcadia, plans to plead guilty to one count of acting as an illegal agent of a foreign government. She…
Read MoreRussian Cargo Likely Carrying Nuclear Submarine Reactors For North Korea Unexplainedly Sank Off Spain: Report
A Russian cargo likely carrying nuclear reactors for submarines for North Korea sank near Spain in unexplained circumstances, according to a new report. A Russian cargo ship likely carrying nuclear reactors for submarines for North Korea sank near Spain in unexplained circumstances, according to a new report. CNN detailed that the vessel sustained a series…
Read MoreU.S. Inflation Surges In April, With Energy Costs Accounting For 40% Of The Increase
Consumer prices in the U.S. increased again in April, with the latest inflation data showing continued upward pressure across housing, energy, transportation and services. Soaring energy prices largely contributed to the increase. The report showed that both headline and underlying price measures moved higher over the month, driven largely by housing-related expenses and energy costs.…
Read MoreByron Allen To Take Control Of BuzzFeed In $120 Million Deal, Becoming Company’s Next CEO
Media entrepreneur Byron Allen is set to become the new chief executive of BuzzFeed after agreeing to acquire a controlling stake in the company through a $120 million deal. The agreement gives Allen Family Digital about 52% ownership of BuzzFeed and places Allen in charge of the company founded by Jonah Peretti in 2006. BuzzFeed…
Read MoreOil Rises As Hope For Iran Deal Continue To Fizzle
Oil rose again on Tuesday as hopes for a deal to end the war in Iran continue to fizzle and reports about President Donald Trump considering resuming military operations. Concretely, Brent crude, the international benchmark, rose by more than 3.5% at 10:10 a.m. ET, clocking in at $107.89. West Texas Intermediate, the U.S. benchmark, again…
Read MoreGOP Rep. Slammed For Not Pushing Back Against Claim That Hakeem Jeffries Should Get His ‘Cotton-Picking Hands Off Of Virginia’
Democratic lawmakers are calling for GOP Rep. Jen Kiggans to resign after she appeared to agree with a claim that House Minority Leader Hakeem Jeffries should get his “cotton-picking hands off of Virginia.” Controversy ensued during an interview Kiggans gave to radio commentator Rich Herrera on Monday. There, he criticized Jeffries’ involvement in an effort…
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