It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating the internet, it’s dominating the living room, too. YouTube made up 9.7% of all viewership […]Read More
A jury in U.S. District Court ordered the NFL to pay nearly $4.8 billion in damages Thursday after ruling that the league violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service. The jury awarded $4.7 billion in damages to the residential class and $96 million in damages to the commercial […]Read More
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain announced quarterly earnings Thursday morning that fell short of Wall Street expectations. Walgreens’ stock price dropped 22% on the day. In an interview with CNBC, CEO Tim Wentworth said the […]Read More
Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. The legendary investor, who’s turning 94 in August, converted 8,674 of his Berkshire Class A shares to donate more than 13 million Class B shares, according to a statement Friday. A total of 9.93 million shares […]Read More
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage […]Read More
If you were looking for a sign of weakness in the U.S. economy, you’re not going to find it at the airport. The Transportation Security Administration reported this week that it screened a record 2.99 million passengers on Sunday — a new high that may not last long. This post appeared first on NBC NEWSRead More
The Supreme Court on Wednesday rejected a Republican-led effort to sharply restrict White House officials and other federal employees from pressuring social media companies to remove posts from their platforms that the U.S. government deems problematic, saying the challengers did not have legal standing to bring the case. State leaders in Missouri and Louisiana, in […]Read More
McALLEN, Tex. — The number of migrants crossing the U.S. southern border illegally has dropped more than 40 percent in the three weeks since President Biden announced broad restrictions on asylum claims, administration officials said Wednesday. U.S. agents have taken fewer than 2,400 migrants into custody per day over the past week, down from more […]Read More
The Supreme Court vacated the bribery conviction of a former Indiana mayor Wednesday, a decision that continues a recent trend by the justices to narrow the scope of corruption laws targeting public officials. In a sharply divided 6-3 ruling that broke along ideological lines, the conservative supermajority found that the federal law prosecutors used to […]Read More
The Supreme Court would allow emergency abortion care in Idaho for nowdespite the state’s restrictions on the procedure, according to Bloomberg Law, which viewed a copy of a not-yet-released opinion that was briefly posted on the court’s website Wednesday. The decision, which has not been announced by the court, would mean that hospitals could perform […]Read More
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