Tag: The Epoch Times

Twitter is dealing with a “heavy debt load” after losing about 50 percent of its advertising revenue, and that has resulted in the app having a “negative cash flow,” Elon Musk, the company’s owner, wrote on July 14. “We’re still negative cash flow, due to ~50 percent drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before ...

United Airlines and the union representing its pilots said Saturday they reached agreement on a contract that will raise pilot pay by up to 40 percent over four years. The union valued the agreement at about $10 billion. It followed more than four years of tumultuous bargaining that included picketing and talk of a strike vote. The deal reflects the ...

Mega retailer Target has not recovered from consumer boycotts triggered after the company promoted Pride merchandise, with share prices and market cap declining significantly along with financial and popularity metrics. American consumers started boycotting Target in May, after the retail chain rolled out its transgender collection, which included some items that targeted children, including books, home décor products, and transgender ...

Commentary Can mass indoctrination save Xi Jinping? Times of turmoil and transition are always unstable and unpredictable; the mood of the “crowd” becomes critical and mercurial. The narrowness of the power base around a leader makes the ruler vulnerable and, of necessity, paranoid. Even trustworthy factions and supporters are not trusted. Neither is the loyalty of the crowd, regardless of ...

At the July membership meeting of the Orange County Chamber of Commerce, four panelists from different sectors discussed what drew people to live, study, work, and do business in the county.  “It is a topic that we have run for many years, and I’d like to say why not Orange County—the growth of this county has been exponential, especially through ...

WEST PALM BEACH, Fla.—Although he has faced investigations and persecution since becoming a politician in 2015, former President Donald Trump declared that, yes, he would do it all over again “without even a question.” That was Mr. Trump’s response when a successful businessman wondered whether he regretted leaving behind a cushy life as a billionaire real-estate mogul. Mr. Trump recounted that conversation ...

The weapons stockpile of the United States and its North Atlantic Treaty Organization (NATO) allies are becoming “dangerous low” with no “short term” solutions, according to a top U.S. Air Force commander. Gen. James Hecker, the commander of U.S. Air Forces Europe and Air Forces Africa, made the remarks at the Chief of the Air Staff’s Global Air & Space Chiefs’ ...

The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.), chairman of the Select Committee ...

Now that Hollywood’s actors have joined its writers on the picket line, new content creation from studios and streamers has effectively been cut-off for the time being. There will be no red carpet walking or promotional events for actors to attend, which seems especially out of the ordinary during the summer blockbuster season. To belabor the point, on Thursday, the ...

The American Automobile Association (AAA) said that it will not be renewing home insurance policies for a small number of its Florida customers due to increased risk associated with extreme weather events as well as insurance fraud and abuse. A spokesperson for AAA told The Epoch Times in an emailed statement that its Florida-based business has made the “difficult decision ...

President Joe Biden’s 2024 presidential campaign has raised over $72 million in the recent quarter, which is greater than his rivals but falls short compared to previous presidential campaigns. “I’m proud to say that Team Biden-Harris has raised more than $72 million since April. To all the grassroots donors who pitched in a few bucks at a time—thank you. This ...

Three-Tiered Cash Reserves   You don’t need a financial advisor to know you need a cash reserve. But how that is assembled profoundly affects your chances of success. Optimally, you should use three tiers and assemble a special kind of budget in order to estimate how much cash to place in each. You will need this structure regardless of whether you ...

Commentary I finished writing “China Coup: The Great Leap to Freedom” in December 2019, except for a COVID-19 chapter, added later. What major changes would I make if I were writing the book now? In the book, I recalled a warning given by President Richard Nixon in 1967, “the world cannot be safe until China changes,” and I argued that ...

An engine being designed for Japan’s Epsilon S space rocket exploded during testing, in the latest mishap for the nation’s space program. The Japan Aerospace Exploration Agency (JAXA), has been making efforts to launch advanced rockets, to compete with Elon Musk’s SpaceX. JAXA had previously aborted the inaugural launch of its Mitsubishi-built, next-generation H3 liquid fuel rocket in March via a ...

OMAHA, Neb.—Police in Omaha say they found a “hit list” at the home of a Nebraska man suspected of a homicide and carjacking before being fatally shot by police in western Iowa over the weekend. Investigators said they found two guns in the stolen car driven by Matthew Briggs, 41. When detectives searched his home in Papillion, Nebraska, they found ...

A trend towards hybrid and remote work since the pandemic may cut $800 billion from office property values by the end of the decade, according to a recent study by consulting firm McKinsey. McKinsey said that employees continued to spend far less time working at the office compared to the pre-pandemic era, The survey, published on July 13, reviewed nine major metropolises, Beijing, ...

All of the top Republican presidential candidates, Donald Trump excepted, braved questions from journalist Tucker Carlson at a summit in Des Moines, Iowa. While some met with a lukewarm or, at times, unfriendly reception from the very Christian audience, biotech entrepreneur Vivek Ramaswamy was most definitely not among them. He even got a standing ovation. “It would seem that we’re ...

Benchmark U.S. crude oil for August delivery fell $1.47 to $75.42 a barrel Friday. Brent crude for September delivery fell $1.49 to $79.87 a barrel. Wholesale gasoline for August delivery fell 4 cents $2.64 a gallon. August heating oil fell 1 cent to $2.60 a gallon. August natural gas fell 1 cent to $2.55 per 1,000 cubic feet. Gold for ...

Commentary Prime Minister Justin Trudeau made his usual appearance at this year’s Calgary Stampede, an event that draws over one million visitors to the rodeo and midway every year. Although he often gets a chilly reception at the 10-day festival which draws politicians of all stripes out of  the woodwork, Trudeau usually makes an appearance at the Stampede. On the ...

The House has adopted its version of the proposed $886.3 billion Fiscal Year 2024 defense budget and dispatched it to the Senate, where many of the “culture war” amendments conservatives successfully attached to the must-pass annual appropriations package are likely to be rejected by the Democrat-led chamber. Do so at your own risk, House Freedom Caucus members and associated Republicans ...