Industry

Alcohol Stocks Drop After Surgeon General Calls for Cancer Warning Labels

Stock prices for major alcohol manufacturers and distributors fell Friday morning following a new advisory report from Surgeon General Vivek Murthy. The report called for Congress to mandate cancer risk warning labels on all alcohol products, citing its role as the third leading preventable cause of cancer in the United States.

Biden Preparing to Ban Offshore Oil Drilling

President Joe Biden is reportedly preparing to ban offshore oil drilling, according to Bloomberg.

Biden Blocks Sale of U.S. Steel

Outgoing President Joe Biden announced that he blocked the sale of U.S. Steel to Japanese firm Nippon Steel.

Adam Schiff Joins Senate Judiciary Committee

California's newest U.S. Senator, Adam Schiff (D), has been assigned to four committees, including the Senate Judiciary Committee.

Investment Bank Leaves Net-Zero Climate Alliance

Investment bank Morgan Stanley announced that it left the Net-Zero Banking Alliance (NZBA).

Ford’s X Account Reportedly Hacked, Calls Israel a ‘Terrorist State’

The official X account for Ford Motor Company was reportedly compromised on Monday, resulting in the posting of inflammatory messages, including one labeling Israel a "terrorist state."

Alex Marlow Criticizes H-1B Visa System as “Evil Idea”

On Monday’s episode of The Alex Marlow Show, Breitbart Editor-in-Chief Alex Marlow sharply criticized the current use of H-1B visas, describing the system as a tool for corporate elites to undercut American workers. Marlow argued that the program, originally intended to fill labor shortages in specialized fields, has been abused to displace U.S. workers while driving down wages.

Elon Musk Calls for Major H-1B Visa Reform, Shifts Stance on Immigration Program

Tesla CEO and X owner Elon Musk has reversed his stance on the H-1B visa program, now calling for a “major reform” of the system just days after defending it vigorously. Musk, who had previously clashed with former President Donald Trump’s supporters over the issue, now labels the H-1B system as “broken” and advocates for significant changes.

American Credit Card Defaults Hit Highest Levels Since 2008 Crisis

American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.

EPA Approves Road Project Made from Radioactive Waste

The Environmental Protection Agency (EPA) has approved a project based in Florida that uses radioactive waste.

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