WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed […]

NEW YORK (AP) — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett’s Berkshire Hathaway discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, in what they are calling the second-largest redlining settlement in history. Trident Mortgage Co., a division of Berkshire’s HomeServices of […]

REDMOND, Wash. (AP) — Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years. It posted revenue of $51.9 billion in the April-June period, […]

NEW YORK (AP) — T- Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company disclosed last August that personal data like social security numbers had been stolen in a cyberattack. In a Securities and Exchange Commission filing on Friday, the mobile phone company said the […]

SAN FRANCISCO (AP) — Tesla CEO Elon Musk fired back Friday at Twitter’s lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports. In a filing with the Delaware Court of Chancery, Musk’s lawyers accused Twitter of withholding information about fake accounts — a longtime preoccupation […]

ISRAEL (Jerusalem Institute for Strategy and Security) — Ice cream manufacturer Ben & Jerry’s announcement of its intention to boycott Israel by not allowing its products to be sold in the “Occupied Territories” set off one of the most significant battles ever against the global boycott, divestment and sanctions (BDS) movement. That battle ended with a […]

ROCKLAND (Yaakov M / VINnews) One Orthodox Jewish gun-rights advocate is helping businesses protect themselves, while advocating for (safe) gun ownership in the frum community. Tzvi Waldman, founder of the New York State Jewish Gun Club, is on a mission to resist Governor Hochul’s new concealed carry law, which bans guns from being brought inside […]

DETROIT (AP) — A major automaker, large truck stop chain and an electric vehicle charging company are proposing a network that would put charging plugs at 50-mile intervals along U.S. highways. General Motors, Pilot Travel Centers and EVgo said Thursday they will build 2,000 charging stalls at “up to” 500 Pilot Flying J sites across […]

WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is running hot through the American economy. The Labor Department reported Thursday that the U.S. producer price index — which measures inflation before it hits consumers — rose at the fastest pace […]

Planes have been packed to pre-pandemic levels this summer, and that is letting airlines take in enough money to cover higher fuel costs – and then some. Delta Air Lines said Wednesday that it earned $735 million in the second quarter. Earnings per share fell short of Wall Street expectations, however, which the airline blamed […]