Los Angeles, CA and New York, NY – September 21, 2023 – Following a career that began nearly 70 years ago in 1954, Fox Corporation (“FOX”) (Nasdaq: FOXA, FOX) and News Corporation (“News Corp”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that Rupert Murdoch is stepping down as chairman of each board effective as […]
Oakland, CA…California becomes the largest geographic area and the largest economy to sue giant oil companies. Joined by California Governor Newsom, California Attorney General Rob Bonta today announced the filing of a lawsuit against five of the largest oil and gas companies in the world — Exxon Mobil, Shell, Chevron, ConocoPhillips, and BP — and the American Petroleum Institute (API) […]
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 percent in August on a seasonally adjusted basis, after increasing 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.7 percent before seasonal adjustment. The index for gasoline was the […]
Sacramento, CA…With the clock ticking toward the September 14 adjournment date for the session, the Legislature yesterday brought forth a new Senate Bill 799, which started its legislative life as something else but was gutted and amended to now extend unemployment benefits to workers who voluntarily leave their jobs. And the tab for it all will […]
Washington, DC…Existing-home sales receded in July, according to the National Association of Realtors®. Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines. Total existing-home sales1 – completed transactions that include single-family homes, townhomes, condominiums and co-ops – waned […]
Red Butte Airfield, AZ…Thank you, thank you. Please have a seat if you have one. If you don’t have one, you can sit down anyway if you want. (Laughs.) Well, thank you very, very much. Maya, thank you for the introduction. When I was your age, to be able to stand up and introduce anybody, […]
Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. The GDP estimate released today is based on source data that are […]
Washington, DC…The U.S. Food and Drug Administration converted Leqembi (lecanemab-irmb), indicated to treat adult patients with Alzheimer’s Disease, to traditional approval following a determination that a confirmatory trial verified clinical benefit. Leqembi is the first amyloid beta-directed antibody to be converted from an accelerated approval to a traditional approval for the treatment of Alzheimer’s disease. The […]
Sacramento, CA…California’s new law to combat price gouging at the pump takes effect today. Governor Gavin Newsom signed the first-in-the-nation law earlier this year after calling for a special session of the Legislature to hold Big Oil accountable for fleecing California families at the gas pump. California’s law is a model for the nation: a recent national […]
Walnut Creek, CA…The upcoming Fourth of July holiday is expected to witness a remarkable milestone with a projected 50.7 million Americans planning to take well-deserved vacations. This unprecedented figure represents the highest travel volume ever projected by AAA. More than 5.6 million Californians are expected to travel for the holiday, a notable increase of 5 […]
