Global debt has grown to $315 trillion this year —

The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic. “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets, […]Read More

Stellantis CEO says $25,000 Jeep EV coming to the U.S.

Stellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. “very soon” to better attract mainstream consumers amid slower-than-expected electric vehicle adoption, CEO Carlos Tavares said Wednesday. Tavares disclosed few details about the upcoming vehicle, saying it will be priced around $25,000 in the U.S. to emulate Stellantis’ pricing of the Citroen e-C3 SUV, […]Read More

FTX exec who turned on Sam Bankman-Fried sentenced to 7.5

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release. Salame has also been ordered to pay more than $6 million in forfeiture and more than $5 million in restitution. The sentence is a heavier […]Read More

McDonald’s might never expand CosMc’s. But the spinoff could still

Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting started. The burger giant created the spinoff using one of its lesser-known McDonaldland mascots, CosMc, an alien who loves McDonald’s cheeseburgers. While unveiling CosMc’s at an investor event in December, McDonald’s CEO Chris Kempczinski said the […]Read More

Why everyone is suddenly talking about Nvidia, the nearly $3

The business world is increasingly banking on artificial intelligence to be the next big thing, and has found itself turning to one maker of computer chips in particular — Nvidia — to power the revolution. On Tuesday, Nvidia shares were up another 5%, leading the Nasdaq stock index, which represents technology firms, to a new […]Read More

White House weighs in on anticipated Trump trial verdict: ‘Important

A verdict in the NY v. Trump case will mark an ‘important day’ for the nation, according to White House press secretary Karine Jean-Pierre. ‘I have to be pretty honest with you. I have not talked to the president about that,’ Jean-Pierre told reporters Wednesday during a gaggle on Air Force One. ‘This is going […]Read More

Could verdict in Trump criminal trial upend the presidential election?

With former President Trump’s criminal trial now in the hands of the jury, a pending verdict in the historic case could have serious consequences in the 2024 election between Trump and President Biden. Trump currently holds a slight edge both in national polling and in public opinion surveys in most of the crucial battleground states […]Read More

Biden campaign seeks to halt slide with Black voters with

President Biden is launching a new effort to reach out to Black voters as polls show the president is losing ground with that key Democratic constituency to his rival, former President Donald Trump. The Biden-Harris campaign on Wednesday announced an eight-figure spending blitz to drive engagement with Black student organizations, community groups and faith centers […]Read More

Trump might be winning now, but here are four things

As unlikely as it seemed four years ago, former President Donald Trump is the odds-on favorite to win the presidential election if it were held today. In presidential politics, things could change in a day with a court ruling, a scandal, a misstep or just a great campaign, but that’s the clear reality of today.  […]Read More