Tag: The Epoch Times

NEW YORK—A new analysis of Walmart’s pricing strategy reveals it has consistently kept grocery prices lower than competitors while generally hiking prices at rates far below U.S. inflation, even while the firm now faces allegations of using its clout to gain unfair advantages over rivals. Data analytics firm Dataweave compared the prices of 589 name-brand products in 34 categories, including ...

Screenwriters for TV and film have begun to strike as their contracts ended. The strike will affect the late-night four: Fallon, Kimmel, Colbert, and Myers. Other shows that will have to halt production are “Real Time” with Bill Maher, “Last Week Tonight” with John Oliver, and the weekend favorite “Saturday Night Live.” These shows could be affected for multiple weeks, ...

OMAHA, Nebraska—Warren Buffett’s Berkshire Hathaway Inc. posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc., while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other stocks such as Chevron Corp., ...

Billionaire Warren Buffett said during Berkshire Hathaway’s annual meeting in Omaha that he’s bullish on America’s economic prospects despite the bitter political divisions of today, although value investors like himself should get used to “making less” in part because so many are following similar strategies. In the annual event that Buffett calls the “Woodstock for Capitalists” that draws tens of ...

President Joe Biden said Friday that his son Hunter Biden “has done nothing wrong” as rumors swirl that the president’s son could soon face federal charges. Biden made the remarks during an interview on MSNBC on Friday, which came days after the Washington Post cited anonymous “people familiar” as saying that Department of Justice (DOJ) prosecutors were nearing a decision ...

Commentary The Taiwan government’s desire for greater integration with the U.S. military is supported by its goal of making the country bilingual by 2030. Taiwan’s President, Tsai Ing-wen told ex-U.S. national security adviser John Bolton, during his visit to Taipei on May 3, that she hopes to increase U.S. security exchanges, in the face of increasing aggression from China. During ...

Commentary The Epoch Times reported on April 23 the appalling case of a 41-year-old Georgia woman who has been rejected a kidney transplant, even though she is on dialysis and potentially facing death. The seriousness of her condition necessitates her undergoing dialysis three times per week to keep her life. The reason for such a rejection? The woman, who has ...

After gaining some ground in the polls, Republican presidential hopeful Vivek Ramaswamy is receiving encouragement from an unlikely source—his competition. In a CBS YouGov poll (pdf) published May 1, Ramaswamy—regarded by many as an underdog—pulled in 5 percent of the vote, tying for third place with former Vice President Mike Pence. And although there was a wide margin between the entrepreneur ...

Florida Gov. Ron DeSantis on Friday signed (pdf) a bill that gives a new state-appointed board the power to void an agreement that Walt Disney Co. had signed to maintain control over developments in the special tax district where Walt Disney World is located. The bill, SB 1604 (pdf) lets the Central Tourism Oversight District Board cancel deals signed up to three ...

Benchmark U.S. crude oil for June delivery rose $2.78 to $71.34 a barrel Friday. Brent crude for July delivery rose $2.80 to $75.30 a barrel. Wholesale gasoline for June delivery rose 5 cents $2.38 a gallon. June heating oil rose 7 cents $2.31 a gallon. June natural gas rose 4 cents to $2.14 per 1,000 cubic feet. Gold for June ...

On Friday, Warner Bros. Discovery chief executive David Zaslav spoke in defense of CNN’s upcoming town hall interview with Donald Trump, saying that the former president deserves airtime on the news network. “He’s a frontrunner. He has to be on our network,” Zaslav said on CNBC’s “Squawk Box” program in a segment posted to Twitter, speaking of the Trump town ...

Gan Jing World, a new social media platform, has launched a Mother’s Day short video contest with up to $1,000 in prizes. The event marks the technology company’s first contest and latest campaign to forge a social community of kindness. Gan Jing means “clean.” Its official website says that the name reflects Gan Jing’s mission to create an online entertainment ...

Commentary The pace slowed, but people overall still are exiting California, according to the latest population report by the California Department of Finance. The decline of 138,400 people from 2021 to 2022 dropped the state’s population to 38,940,231, or -0.35 percent. Which put it below 39 million for the first time since 2015. The report notes some of the decline ...

“I believe Hunter Biden will be charged, and soon, but I think they’ll roll it up into what we call this global plea agreement, where he basically gets charged with some Mickey Mouse lower-level offenses, walks into a super light sentence, and then they will cover up the cover-up,” says Kash Patel. This week on Kash’s Corner, we discuss recent ...

President Joe Biden meets with his Investing in America Cabinet to talk about jobs at 11:45 a.m. ET on May 5. ...

“First and foremost, medical regulators shouldn’t be taking money from industry. Drug companies … over the last few decades, overall, have had a negative impact on society, because of the way that they exaggerate the safety and benefits of their pharmacological products,” argues cardiologist Dr. Aseem Malhotra. We discuss issues in the drug regulatory process, why many new drugs are ...

Twitter CEO Elon Musk has praised the platform’s Community Notes feature for “ending censorship in guise of virtue” and handing control of the “narrative” back to ordinary people. Musk made the comments in a tweet responding to Babylon Bee CEO Seth Dillon, who wrote on the platform that Twitter was previously “a place where false narratives were protected and promoted.” Dillon stated ...

Uncertainty in the American economy is beginning have an effect on the energy markets and gas prices. Oil prices have declined amid concerns among investors that rising interest rates will push the U.S. economy into a recession. Analysts have expressed concern that a recession will cause oil demand and pump prices in the world’s largest economy to tumble, with a ...

After winning back territory in the fall and holding most of those gains through winter, the world awaits Ukraine’s much-anticipated spring offensive to drive Russian invaders out of the nation’s eastern provinces. Despite optimism, however, most European and United States analysts do not expect the offensive will deliver a decisive enough victory to end Vladimir Putin’s vision of “a 21st-century ...

The U.S. Supreme Court is moving closer to deciding if it will issue an opinion in a high-profile case in which Republicans want the court to recognize state legislatures’ power to regulate federal elections without interference from state courts, which they say the U.S. Constitution requires. Many legal observers had speculated that the case was dead after a state supreme ...