Air travel is a mess right now. Hundreds of flights are being canceled this weekend. Why? Because of a government shutdown. Air traffic controllers are not showing up to work. This is causing big delays. The Federal Aviation Administration (FAA) has told airlines to cut flights by 4%. This is to keep things safe. But even with fewer flights, delays are still happeni...
Former President Joe Biden didn't hold back at a recent Nebraska Democratic Party event. He accused President Donald Trump of causing significant harm to democracy. Biden used Trump's renovation of the White House as a metaphor, saying it symbolized Trump's approach to governance. He claimed Trump had damaged the Constitution and the rule of law. Biden also mocked T...
The government shutdown is now in its 38th day, and things aren't looking good. Senate Republicans have turned down a proposal from Democrats to reopen the government and extend healthcare subsidies for a year. They said it wasn't good enough. Senate Democratic Leader Chuck Schumer made the offer, but Republicans weren't having it. They want the government open first...
Hedge funds had a strong month in October. Citadel's main fund, Wellington, saw a 1. 8% increase. This brought its yearly performance up to 6. 8%. Citadel's other funds also did well. The Tactical Trading fund gained 2. 7% in October and 13. 4% for the year so far. The Global Fixed Income fund rose by 1. 1% in October and 7. 3% for the year. Other big hedge funds li...
China is facing a big problem. It's not just about getting richer. It's about getting older. This mix is causing a lot of worry. Soon, there will be a huge transfer of wealth from one generation to the next. But it won't be like the fancy dramas we see on TV. In China, many families are not super rich. They have some money, but not billions. So, when parents pass th...
Ruger, a well-known firearms manufacturer, recently reported a significant drop in its third-quarter profit. This decline was primarily driven by higher expenses, which have put a strain on the company's financial performance. The increase in costs has been a major factor in reducing Ruger's profitability. The company's expenses have been rising due to various facto...
The 2026 Grammy nominations are out, and as usual, there are plenty of surprises and snubs. Kendrick Lamar leads the pack with nine nods, thanks to his 2024 album “GNX. ” But it’s not just about Lamar this year. The Grammys have made some big changes, and not everyone is happy about it. For the first time ever, three hip-hop albums are up for both the rap album and ...
A major police operation has taken down a branch of the notorious Venezuelan crime syndicate, Tren de Aragua, in Spain. This group, which started in Venezuelan prisons, has become a major player in international crime, involved in drugs, human trafficking, and extortion. The police action led to the arrest of 13 individuals across five Spanish cities: Barcelona, Mad...
Tesla shareholders have given the green light to a massive pay package for Elon Musk, potentially worth up to $1 trillion. This isn't just a big payday for Musk; it's a huge bet on Tesla's future. To earn this massive payout, Musk and Tesla have to hit some serious targets. First, the company's market value needs to reach $2 trillion. Then, Tesla has to deliver its ...
In the late 1940s, Honolulu was a hotspot for football betting, even outshining big cities like New York and Chicago. The Honolulu Warriors, a professional football team, drew massive attention, not just for their games but also for the betting scene around them. The stadium, built by private financier John Ashman Beaven, was a big deal for local athletes, including ...