Disney has announced that it is laying off hundreds of employees across various departments in its television and film divisions. A company spokesperson confirmed that the cuts will affect roles in film and TV marketing, TV publicity, casting and development, and corporate financial operations. These moves are part of a broader strategy to focus resources…
Category: News
FTC drops Biden-era attempt to stop Microsoft’s Activision Blizzard deal
The Republican-led Federal Trade Commission (FTC) is ending a Biden-era effort to stop Microsoft from buying the video game company Activision Blizzard, known for “Call of Duty.” On Thursday, the FTC said it decided “the public interest is best served by dismissing the administrative litigation in this case.” This was the second time in one…
Trump Administration Blocks Michigan Coal Plant Shutdown, Fueling Costly Clash Over Clean Energy Future
In a surprise move, the Trump administration blocked the scheduled closure of Michigan’s 63-year-old J.H. Campbell coal plant, citing concerns over grid reliability due to increased reliance on renewable energy. Energy Secretary Chris Wright issued an emergency order forcing the plant to remain operational for at least three more months. This decision overturned the plans…
Less Waste Laura’s Viral Vape Campaign Sparks UK Ban and National Reckoning on E-Waste
What began as a routine dog walk turned into a nationwide movement when social media influencer Laura Young, known online as “Less Waste Laura,” started documenting the litter problem caused by disposable vapes in Dundee. Frustrated with repeatedly picking them up, she took to TikTok to voice her concerns. One of her videos went viral,…
Vance Signals Bitcoin’s Strategic Role in U.S. Policy as Trump Team Pushes Pro-Crypto Agenda
At the Bitcoin 2025 conference in Las Vegas, Vice President JD Vance delivered a keynote address signaling strong political support for Bitcoin from the Trump administration. He echoed many of the pro-Bitcoin themes that former President Donald Trump shared at the same event the previous year. Vance’s speech reinforced the administration’s commitment to crypto-friendly policies,…
Treasury Eyes SLR Rollback to Boost Bond Market Liquidity, Lending, and Economic Stability
U.S. Treasury Secretary Scott Bessent announced that regulators are nearing a significant shift in banking regulations by potentially easing the Supplemental Leverage Ratio (SLR). This move is aimed at increasing liquidity in the $30 trillion U.S. Treasury market, boosting bank lending, and reducing pressure on long-term interest rates. The SLR, implemented after the 2008 financial…
Newark Airport Reopens Key Runway After $121 Million Upgrade to Ease Delays and Boost Safety
Newark Liberty International Airport is set to reopen Runway 4L-22R on Monday after an extended closure that caused weeks of delays and travel disruptions. The closure was due to scheduled rehabilitation efforts to address significant wear and tear. Transportation Secretary Sean Duffy will lead a press conference to mark the runway’s return to service. The…
Wall Street Cools After May Rally as Tariff Fears and Trade Tensions Weigh on June Outlook
U.S. stock futures declined on Sunday evening, signaling a potentially cautious start to June after a strong performance in May. Futures tied to major indexes like the S&P 500, Nasdaq-100, and Dow Jones Industrial Average were down around 0.3%, with the Dow falling 108 points. Despite the upbeat finish to last month, investors appear to…
OPEC+ Boosts Oil Output Again as Market Eyes U.S. Shale Strain and Global Tensions
Over the weekend, OPEC+—a coalition of oil-producing nations including OPEC members and allies like Russia—announced a significant increase in oil production for July. The group will raise crude output by 411,000 barrels per day, marking the third monthly increase in a row following similar hikes in May and June. This strategic move is aimed at…
Steelworkers Rally Around Jobs as Trump Shifts on Nippon Deal and Union Fractures Deepen
Zoe, a 24-year-old student and self-declared non-Trump supporter, attended a steelworkers rally in West Mifflin, Pennsylvania, to support her partner’s job security. Though she has never voted for Trump and doesn’t plan to, she was among many concerned about the future of jobs after Japan’s Nippon Steel proposed a $15 billion acquisition of US Steel.…