Democrats in Congress are proposing to tax top US oil producers and importers and direct the collected money to Americans, an effort they said will curb profiteering in an era of high gas prices. New legislation from Sen. Sheldon Whitehouse (D., RI) and Rep. Ro Khanna (D., Calif.) would put a 50% tax, charged for […]
Yuga Labs, the creator of Bored Ape Yacht Club, announced today that it had acquired CryptoPunks and Meebits from Larva Labs. CryptoPunks is one of the oldest and most valuable brands in the NFT world, and Meebits quickly joined the list of most valuable NFT collections after launching last May. Yuga Labs hopes to foster […]
Treasury Secretary Janet Yellen warned there could be another year of high inflation amid the uncertainty caused by the invasion of Ukraine. Prices have soared at their fastest pace in 40 years over the last 12 months. “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high,” Yellen said in […]
The closure was the second in the span of a week by an ultra-fast delivery service in New York City after failing to secure a deal or financing, leaving hundreds unemployed. After the pandemic made on-demand delivery startups a lifeline for many Americans, the New York City landscape became crowded with startups offering ultra-fast deliveries. […]
Former Texas Governor and energy secretary Rick Perry weighs in on the Biden administration’s failures and Biden’s energy policy. Gas prices continue to soar, with the national average hitting $4.33 per gallon on Friday. Average prices are ranging from as low as $3.82 per gallon to as high as $5.72 per gallon, according to AAA. […]
Several top executives are leaving Chobani Inc. as the yogurt maker puts plans for its initial public offering on hold. President and Chief Operating Officer Peter McGuinness told employees last week that he is leaving the company effective Friday to pursue other opportunities, according to people familiar with the matter. Chobani’s Chief People Officer Grace […]
Not everyone is suffering from high gas prices that have spiked further with Russia’s invasion of Ukraine and the international sanctions imposed on Moscow. Some players, including the US oil producers, stand to gain financially. And countries such as Saudi Arabia stand to gain both monetarily and politically. On Friday, US oil prices stood at […]
Here are your FOX Business Flash top headlines for March 11. Deutsche Bank has joined JPMorgan Chase and Goldman Sachs in winding down its business in Russia following the country’s invasion of Ukraine. “We condemn the Russian invasion of Ukraine in the strongest possible terms and support the German government and its allies in defending […]
Stocks closed in the red Friday to mark a fifth straight week of losses as investors weighed upbeat remarks from Russian President Vladimir Putin about diplomatic discussions with Ukraine against a weaker-than-expected print on US consumer sentiment. The S&P 500 fell 1.3% to 4,204.36, and the Dow Jones Industrial Average was down 0.7% to 32,943.33. […]
Get the Insider App A personalized feed, summary mode, and ad-free experience. Download the app Close icon Two crossed lines that form an ‘X’. It indicates a way to close an interaction, or dismiss a notification. United Airlines’ contractor SkyWest Airlines gave a 90-day notice to the Department of Transportation on Thursday that it is […]
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