Ryan Reynolds used his celebrity and wit to build Mint Mobile into a low-cost competitor in the crowded wireless business. Now, the Hollywood star and his backers are cashing in: selling the upstart brand to T-Mobile US Inc. in a cash and stock deal valued at up to $1.35 billion. […]
FOX News
Americans may deplete more than half their pandemic era savings by end of 2023: Goldman Sachs
After having collectively saved trillions during the COVID-19 pandemic, Americans are seeing inflation and other factors eating into their savings. Americans had already spent about 35% of pandemic-era savings as of mid-January, according to an estimate by Goldman Sachs. By the end of 2023, they would have depleted about 65% […]
Egg prices still up 55% over last year despite slight reduction in February
While consumer egg prices saw a slight pullback in February, they continue to be significantly up from a year ago, according to the latest consumer price index (CPI) data Tuesday. In the CPI data, egg prices in February posted a 55% increase in the one-year span from the same month […]
Mississippi governor signs legislation restricting electric car stores
Mississippi Gov. Tate Reeves signed legislation on Tuesday restricting electric car manufacturers from selling vehicles in person unless they open franchised dealerships. Reeves enacted House Bill 401 into law, which was introduced by Republican Rep. Trey Lamar, despite calls from some fellow GOP members to veto it. The law will […]
Buttigieg acknowledges ‘more mistakes than usual’ with close calls at airports
Transportation Secretary Pete Buttigieg said Wednesday that federal regulators “take nothing for granted” as he acknowledged an uptick in close-call incidents at airports that prompted the Federal Aviation Administration (FAA) to call for a safety summit. “While the data are clear that U.S. aviation remains an exceptionally safe mode of […]
Costco’s 5-pound peanut butter chocolate pie goes viral, shoppers scramble to find the bakery item
Grocery shoppers have taken a special interest in a near-five-pound peanut butter chocolate pie that’s being sold by Costco Wholesale for $19.99. Laura Lamb, a self-described “Costco obsessed mom” who runs the social media fan page Costco Hot Finds, shared a TikTok video that highlights the seemingly new bakery item […]
BlackRock’s Fink asks whether ‘dominoes starting to fall’ after ‘years of easy money’
BlackRock CEO Larry Fink asked in his annual letter to shareholders Wednesday whether “the dominoes” are “starting to fall” in the U.S. financial system, pointing to the collapse of Silicon Valley Bank last week and a number of other issues that could emerge following years of “easy money.” The head […]
Elizabeth Warren urges Fed’s Powell to ‘step back’ and recuse himself from SVB review
As bank shares tumble in the markets amid growing bank-run contagion fears, Democratic Sen. Elizabeth Warren, D-Mass., is questioning the credibility of the Federal Reserve and calling on Chair Jerome Powell to step back from the review of the Silicon Valley Bank collapse. “For this review to have any credibility […]
This week’s private student loan interest rates soar for 5- and 10-year loans
During the week of March 6, 2023, average private student loan rates rose for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 5-year variable-rate loans and 10-year fixed-rate loans. Through Credible, you can compare private student loan rates from multiple lenders without […]
US banks shun crypto firms as regulatory pressures mount
U.S. banks large and small are distancing themselves from crypto at a time when the war-torn industry needs all the allies it can get. Last week’s trifecta collapse of the two largest crypto-friendly banks, Silvergate and Signature, as well as the tech-friendly Silicon Valley Bank, left many crypto companies and […]