Joe Biden issued his first veto on Monday, rejecting a bipartisan bill that would have reversed his Labor Department rule allowing left-wing environmental, social, and governance (ESG) policies to be considered in retirement investing. “I just vetoed my first bill,” Biden said in a tweet announcing the move. “This bill would risk your retirement savings […]
Amazon has announced yet another round of layoffs after letting go of 18,000 workers in November. This time the e-commerce giant will lay off 9,000 employees. CNBC reports that Amazon, one of the world’s largest e-commerce retailers, is preparing to lay off 9,000 more employees in the coming weeks. CEO Andy Jassy made the announcement […]
Half of the companies in the U.S. devoted to climate change and biotech banked with the now-failed Silicon Valley Bank (SVB), leaving many of those companies looking for financial backers willing to take on the risk. As San Francisco Bay Area public radio station KQED reports, many of those companies received funding from SVB because […]
FTX founder Sam Bankman-Fried has been accused of taking more than $2 billion in “loans and payments” from the firm during his time as CEO. Democrat megadonor SBF faces allegations of committing massive fraud using his cryptocurrency exchange and trading firm. Intelligencer reports that Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, received […]
Hunter Biden on Thursday admitted and then justified the Biden family’s multi-million dollar business with Chinese entities close to the Chinese Communist Party after years of denial. A spokesperson said: Hunter Biden, a private citizen with every right to pursue his own business endeavors, joined several business partners in seeking a joint venture with a […]
Credit Suisse announced it would borrow up to 50 billion Swiss francs from the Swiss National Bank in a move to strengthen its liquidity amid dwindling stock prices. Fifty billion Swiss francs is the equivalent of $53.68 billion. Credit Suisse is the country’s second biggest lender. On Wednesday, Credit Suisse’s shares went down as much […]
Rep. Maxine Waters (D-CA), the ranking member on the House Financial Services Committee, said she plans to give back the campaign donations she received from the political action committee for Silicon Valley Bank. Following the bank’s collapse last week, Waters said she would return the $2,500 from the bank’s PAC she took in late 2020 […]
Silicon Valley Bank (SVB), whose collapse last week has triggered a global banking crisis, donated over $73 million to the Black Lives Matter (BLM) movement — but found itself unable to pay depositors in a cash crunch. As Breitbart News reported last week, SVB’s donations were part of nearly $83 billion that the Black Lives […]
Facebook (now known as Meta) plans to lay off another 10,000 workers in a bid to improve its financial performance. This is Zuckerberg’s second wave of layoffs following November’s cut of 11,000 jobs as part of his “year of efficiency” at the internet giant. Business Insider reports that Facebook has announced another round of layoffs, […]
Rep. Zach Nunn (R-IA), who beat former Rep. Cindy Axne in one of the top congressional races last year, introduced legislation on Monday to increase the “cooling off period” members of Congress have before being able to lobby. Nunn introduced legislation, Ban Members from Becoming Lobbyists Act, that would, if turned into law, triple the […]
