Thursday, May 11, 2023

Elon Musk Appoints New Twitter CEO, Promises Continued Involvement

Elon Musk Appoints New Twitter CEO, Promises Continued Involvement

Elon Musk has announced the appointment of a new chief executive for Twitter, following his acquisition of the company in October 2022. The mystery woman is set to take over in six weeks while Musk will continue to play an important role as the company's executive chair and chief technology officer.

Executives of the Year 2023: Celebrating Top Leaders in Portland's Business Community

The Portland Business Journal has announced its list of Executives of the Year for 2023, recognizing outstanding leaders who have made significant contributions to their respective industries and communities. Among the honorees are Jessica Getman of Brown & Brown, Britt Carlson Oase of Special Olympics, Jared Short of Cambia Health Solutions, and Michael Northover of Portland Community.

Bank of England Raises Interest Rate to 4.5%, Highest Since 2008

Bank of England Raises Interest Rate to 4.5%, Highest Since 2008

The Bank of England (BoE) has announced its decision to raise the base interest rate from 4.25% to 4.5%, marking the highest level since October 2008, before the credit crunch sent rates plummeting. This is also the bank's 12th consecutive bump in interest rates.

EPA Proposes New Rule to Cut Climate Pollution from Power Plants by 90 Percent

EPA Proposes New Rule to Cut Climate Pollution from Power Plants by 90 Percent

The Environmental Protection Agency (EPA) has proposed a new rule that would require power plants to cut climate pollution by 90 percent or shut down their aging coal plants in the first half of the 2030s. The rule, initially proposed by the Trump administration, is essential for meeting former President Barack Obama's pledges to curb the United States' contributions to global catastrophe.

PacWest Bancorp Stock Plummets Amidst Regional Banking Crisis

PacWest Bancorp Stock Plummets Amidst Regional Banking Crisis

PacWest Bancorp, a regional bank, experienced a significant 20% drop in its stock during premarket trading on Thursday. This occurred after the bank disclosed another round of deposit flight, resulting from news reports that have increased customer concerns regarding the safety of their deposits.

Peloton Recalls Over 2 Million Bikes Due to Safety Hazard

Peloton Recalls Over 2 Million Bikes Due to Safety Hazard

Peloton Interactive Inc. has announced a recall of approximately 2.2 million exercise bikes due to a safety hazard posed by the device's seat, which could cause users to fall off their bikes. The recall affects the Peloton Bike Model PL01, and those affected will be eligible for a free repair.

Government Takes Control of TransPennine Express Due to Continuous Cancellations

Government Takes Control of TransPennine Express Due to Continuous Cancellations

Transport Secretary Mark Harper announced today that the government will take control of the services run by operator TransPennine Express due to ongoing disruptions and cancellations affecting commuters and northern businesses. This decision follows actions taken by the rail union Aslef, which has prevented railways from running a full service.

Former President Trump's Controversial CNN Town Hall Sparks Backlash

Former President Trump's Controversial CNN Town Hall Sparks Backlash

CNN anchor Kaitlan Collins kicked off her network’s town hall event with former President Donald Trump by repeating partisan narratives about the 2020 election. During the heated exchange, Trump reminded Collins that in November 2020 he received more votes than any incumbent presidential candidate in history, and that it has since been proved that the intelligence community and social media platforms worked to throttle the Hunter Biden laptop story shortly before the election.

Trump Urges Republicans to Push for Spending Cuts or Allow First-Ever US Default

Trump Urges Republicans to Push for Spending Cuts or Allow First-Ever US Default

Former President Donald Trump stated in a recent New Hampshire town hall on CNN that he believes President Joe Biden and congressional Democrats will eventually agree to House Republicans' demands for significant spending cuts. He argued that if the White House does not meet these requirements, the United States would likely avoid defaulting on its debt.

Trump Urges Republicans to Risk Defaulting on Debt for Massive Spending Cuts

Trump Urges Republicans to Risk Defaulting on Debt for Massive Spending Cuts

Former President Donald Trump has called on congressional Republicans to risk the stability of the United States and global economy by defaulting on the nation's debt if Democrats do not pass "massive" spending cuts in exchange. Speaking at a CNN town hall event in South Ayrshire, Scotland, Trump predicted that such a move would not be necessary as Democrats would eventually cave under pressure.

California Attorney General Launches Civil Rights Investigation into Antioch Police Department

California Attorney General Rob Bonta has announced a civil rights investigation into the Antioch Police Department after dozens of its officers were implicated in a racist text message scandal that sparked a federal criminal probe. The investigation will focus on bigoted communications collected in reports by the Contra Costa County district attorney's office this year and first reported by the East Bay Times.

Fox News Faces Defamation Lawsuit from Disinformation Expert Nina Jankowicz

Fox News Faces Defamation Lawsuit from Disinformation Expert Nina Jankowicz

Fox News is facing a defamation lawsuit filed by former Biden administration disinformation chief, Nina Jankowicz. As an expert in disinformation and vice president at the Centre for Information Resilience in Washington, D.C., Jankowicz alleges that Fox News told "destructive" lies which harmed her career and threatened her safety.

Trump Falsely Claims Millions of Votes Stolen in 2020 Election at New Hampshire Event

Trump Falsely Claims Millions of Votes Stolen in 2020 Election at New Hampshire Event

Former President Donald Trump addressed a crowd consisting mostly of Republican voters in New Hampshire on Wednesday night, propagating false claims that "millions" of votes were stolen during the 2020 election and that it was rigged. The Guardian fact-checked his statements throughout the evening and found no evidence to support these allegations.

House Speaker Kevin McCarthy Distances Himself from Indicted Rep. George Santos

House Speaker Kevin McCarthy Distances Himself from Indicted Rep. George Santos

House Speaker Kevin McCarthy (R-CA) has distanced himself from embattled Rep. George Santos (R-NY) on Wednesday, indicating that he would not support him if he ran for reelection. Other conservative lawmakers have called for Santos's resignation, but McCarthy said he would wait for a trial before forcing him to exit.

Construction Crews Top Off $456 Million Expansion of Wisconsin Center

Construction Crews Top Off $456 Million Expansion of Wisconsin Center

It was a beautiful spring day in downtown Milwaukee Wednesday as community and business leaders gathered to watch construction crews lift the final beam for the $456 million expansion of the Wisconsin Center. The milestone event marks an important step in the development of this major project, which promises to bring significant economic growth and increased tourism to the city.

Trump Refuses to Admit Defeat, Talks Election Fraud at CNN Town Hall

Trump Refuses to Admit Defeat, Talks Election Fraud at CNN Town Hall

Presidential candidate Donald Trump has refused to admit defeat in a CNN town hall interview, despite being asked if he would "suspend polarizing talk of election fraud" during the 2024 presidential election. Trump responded by saying he hopes that if the election is to be honest, it will be a victory.