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| September 24, 2018

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Italy’s Rising Nationalists Have a Money Problem

September 16, 2018 |

Italian Interior Minister Matteo Salvini, whose popularity has been surging, has hit his first setback: His anti-immigration League party faces possible bankruptcy from a court-ordered penalty for past corruption.
WSJ.com: What’s News Europe

Cheesecake Factory grapples with the cost of workers’ rising wages

August 22, 2018 |

The rising minimum wage is a welcome development for hourly workers, but it carries a price for employers and consumers. Case in point: Cheesecake Factory Inc.

The casual-dining chain saw its stock plunge 12% on Aug. 1 — its worst daily drop in a decade — after Cheesecake Factory posted disappointing…


L.A. Times – Business

Rising Democratic Star Bans All Media From 2 Events

August 18, 2018 |

Seems President Trump isn’t the only one with media issues . Now rising Democratic star Alexandria Ocasio-Cortez has entirely banned reporters from two town-hall-style events, CNN reports. The congressional candidate hosted the “listening tour” community meetings last week—one in the Bronx on Wednesday and one in Queens on Sunday—where…
Newser

Electric-powered planes are taking off amid rising fuel costs

August 16, 2018 |

Aviation pioneers are developing a new way to soar through skies using electric-powered planes as a way to battle rising jet fuel prices.
FOX News

Rising fuel costs help drive inflation to highest rate in six years

July 12, 2018 |

Consumer prices rose in June at the fastest pace in more than six years, lifted by more expensive gas, car insurance and higher rent.

The Labor Department said Thursday that inflation jumped 2.9% from a year earlier, the largest annual gain since February 2012. Core prices, which exclude the volatile…


L.A. Times – Business

Why Silicon Valley doesn’t mind rising gas prices

July 8, 2018 |

Gas prices have been steadily climbing since February 2016. In June, the average U.S. retail price of a gallon of gasoline was $ 2.97, up more than 20% from the same time last year. The nation is a few cents away from a psychological milestone, $ 3 a gallon. Meanwhile, the price of a barrel of crude…


L.A. Times – Business

Rising Political Star in Indiana Accused of Groping 4 Women

July 3, 2018 |

Indiana Attorney General Curtis Hill was investigated this year after four women claimed he touched them inappropriately at a bar. The Indianapolis Star obtained an eight-page memo written by the law firm Taft Stettinius & Hollister, which wrote the document for legislative leaders who investigated the allegations. The memo states…
Newser

Rising interest rates sounding alarm bells for debt-laden consumers

April 16, 2018 |

A healthy economy can be a dangerous thing.

Americans have a history of loading up on debt in good times, then paying dearly when the bills come due. Adding to the pain: A booming economy is often accompanied by rising interest rates, which make mortgages, credit cards and other debt much more…


L.A. Times – Business