Epoch Times

NEW YORK—Wall Street’s building frenzy around artificial intelligence helped yank the stock market higher Thursday, even as worries worsen about political rancor in Washington. The S&P 500 rallied 0.9 percent after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the tech world’s rush into AI. It helped the Nasdaq composite leap 1.7 percent, while the...

Commentary Numerous stories show California’s mass transit is suffering big problems. And that’s not even counting the High-Speed Rail boondoggle. On May 22, Calmatters provided a summary, noting transit agencies are seeking $5.5 billion more in operating funds, even as the state faces a budget deficit of at least $31.5 billion. But here’s a solution: more jitneys. They are private...

Commentary I am fully aware that probably some 8 out of 10 people do not appreciate media pieces that are heavily focused on numbers. When I practiced as a Certified Public Accountant and Certified Financial Planner, I realized that most people need professional assistance for many of their fiscal decisions. Watching personal finances is critical. But, our focus should also...

A former art professor at Hunter College in New York City turned herself in to police on Thursday after she appeared to brandish a machete at a pair of New York Post reporters on Tuesday. Shellyne Rodriguez, 45, appeared to wave a machete at a New York Post news crew who had visited her apartment building on Tuesday in an...

Eight out of the 10 least affordable cities for homebuyers in the United States are located in California, according to a recent report, with the state’s median sales price of a home over 30 percent higher compared to the early pandemic period. The eight Californian cities include Santa Barbara, Berkeley, Santa Monica, Glendale, Burbank, Los Angeles, Pasadena, and San Francisco,...

Commentary Ben Bernanke, former head of the Federal Reserve from 2006 to 2014, has co-authored a paper with Olivier Blanchard of the Peterson Institute for International Economics, that seeks to account for inflation rates that have knocked at least 15 cents off the value of the 2020 dollar. Reading the paper for me was a trip back in time when...

Meta Platforms Inc., owner of Facebook, Instagram, and WhatsApp, slashed jobs across its business and operations units on Wednesday as part of a plan announced last fall to eliminate 10,000 jobs in the course of a broader restructuring program. Dozens of Meta employees from enterprise engineering, marketing, corporate communications, site security, program management, and content strategy took to LinkedIn to...

Commentary This week, one of the world’s foci must be the potential U.S. government default on its debt. In most circles, this continues to progress as if we have never encountered such a situation before. But this might not be true. According to Terry Zivney and Richard Marcus of The Financial Review, “Investors in T-bills maturing April 26, 1979, were...

San Francisco Mayor London Breed was forced to cut short an outdoor public hearing held at the United Nations Plaza in the city’s downtown on May 23 after being heckled by protesters, one of whom allegedly threw a brick that hit another attendee. Breed, a Democrat, was joined by Board of Supervisors President Aaron Peskin at the open-air hearing to...

Attorneys general from 49 U.S. states are suing telecommunications company Avid Telecom, claiming the firm is “initiating and facilitating billions of illegal robocalls to millions of people.” The lawsuit (pdf) was filed on May 23 in the U.S. District Court for the District of Arizona, where Avid Telecom is headquartered. Defendants in the suit are listed as Avid Telecom, CEO Michael D....

Commentary On March 28, the Air Force admitted that the March 13 test of Lockheed Martin’s AGM-183 air-launched rapid response weapon (ARRW) was a failure. This failure comes after four years and billions of dollars of taxpayer money sent to Lockheed Martin to develop hypersonic weapons. And this failure comes in the context of Russia’s recent successful use of its...

Florida Gov. Ron DeSantis paid a price on the opening night of his campaign for gambling on a new launch format, with the Twitter chatroom crashing after some 600,000 listeners attempted to tune in. But after tech issues were resolved, the conversation on Twitter Spaces—with billionaire Elon Musk and investor David Sacks—quickly turned to policy, both foreign and domestic. During...

NEW YORK—Wall Street fell again Wednesday as stocks tumbled worldwide on worries about the economy. The S&P 500 dropped 0.7 percent after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the U.S. government’s debt. The main U.S. stock index is on track for its worst week in...

Commentary China is diminishing in the eyes of most of the rest of the world, especially with other Asians. That is a key conclusion to emerge from a massive global survey conducted by the famous Pew Research Center. Pew’s weighing of a range of global opinions on China makes clear that Asians, in particular, but also Americans and, to a...

American evangelist and missionary Franklin Graham (L) and Fla. Gov. Ron DeSantis at the National Religious Broadcasters Convention in Orlando, Fla., on May 22, 2023. (Courtesy of the Florida Governor's Office) Florida Gov. Ron DeSantis filed a formal notification with the Federal Election Commission that he is running for president, his spokesman Bryan Griffin told The Epoch Times. He filed...

After witnessing over a decade of strong growth, landlords are now facing the worse real estate crisis since 2008. Even in the first months of the pandemic, areas of the country like Florida were able to benefit, as millions of Americans fled major metropolitan regions to more welcoming locations. Despite a temporary drop in tenants in 2020, property owners in major...

The UK inflation rate has dropped for the first time in eight months, but prices on basic essentials remain high. The latest data from the Office of National Statistics (ONS) showed a drop in the Consumer Prices Index (CPI) 12-month inflation rate in April to 10.5 percent, which is lower than November’s 10.7 percent, and down from the peak in...

The Louisiana House of Representatives voted 70 to 29 to send a so-called “Constitutional Carry” bill to the Senate on May 23. Louisiana Shooting Association (LSA) president Dan Zelenska is taking a wait-and-see attitude on the bill’s future. “Time is its biggest enemy,” Zelenska told The Epoch Times. HB 131, sponsored by Republican State Rep. Danny McCormick, would allow anyone...

“What Elon Musk did is, by buying Twitter, he severed ties between Twitter officials and some very privileged journalists who had exclusive or premier access to Twitter,” says Paul D. Thacker, an investigative reporter and Twitter Files journalist. Thacker recently revealed a number of relationships between Twitter staff and certain journalists, pharmaceutical companies, and government officials that dealt with censoring...

Commentary Energy policy is looming as a fracture point in Australia’s political discourse. At the next election, Australians will have a clear choice between the philosophies of “magic pudding economics” and “the magic of the market.” The path Australians take will determine their long-term well-being. Energy supply and cost are key indicators of the sophistication, well-being, and wealth of a...