The company behind former President Donald Trump’s new sneaker line filed a lawsuit Monday alleging the sale and promotion of counterfeit shoes by a series of people and business entities. The suit, filed in federal court in Arizona, claims trademark and copyright violations. The defendants are not named — the plaintiffs said they would be […]
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Passengers injured in Sound Transit bus crash spark seat belt debate
Passengers were left bruised and battered after a Sound Transit bus crashed outside a downtown Seattle building Saturday night. Out of the 17 people on board, 11 had to go to the hospital, including the driver who fractured his hip. Police say the driver told them the bus brakes went out just before swerving into […]
‘Out of control fires’ in Brazil wetlands spark state of emergency
Regional authorities in Brazil on Monday declared a state of emergency as the Pantanal, the world’s largest tropical wetlands, faces “out of control fires,” according to a decree. The surge of fires before the peak of the dry season has raised alarm for the Pantanal, which extends into Bolivia and Paraguay and is home to […]
A new airport could spark the economy in a rural part of Florida. Will the workforce be ready?
LaBELLE, Fla. (AP) — One of Florida’s poorest counties is preparing for the new “Airglades” airport, a $300 million cargo hub that could transform its economy. Local leaders see the project as a generational opportunity, one that could bring more than 1,400 new, high-skilled jobs to their largely agricultural community at the edge of the […]
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3 catalysts could spark a 10% sell-off in the stock market this summer, according to JPMorgan
Leonardo Munoz/VIEWpress/Corbis via Getty Images The S&P 500 could drop 10% over the summer months to 4,800, according to JPMorgan. The bank highlighted three catalysts that could drive a decline. The May jobs report could spark a bearish narrative change in the stock market. A 10% sell-off in the stock market is possible this summer […]
Jerome Powell could spark a serious stock market surge—even though he’s not cutting rates, Wall Street guru Ed Yardeni says
Investors will be closely watching Federal Reserve Chairman Jerome Powell’s press conference after next week’s rate-setting meeting. Federal Open Market Committee (FOMC) officials are widely expected to hold interest rates steady on June 12, as inflation has stuck well above its 2% target and consumers are proving largely resilient to higher borrowing costs. But with […]
Election certification disputes in a handful of states spark concerns over presidential contest
In Michigan’s Upper Peninsula, two Republican members of a county canvassing board last month refused to sign off on the results of an election that led to the recall of three GOP members of the county commission. They did so only after state officials warned them it was their legal duty to record the final […]
Further drop in oil prices may spark OPEC+ to walk back phasing out of cuts: Roth
Investing.com — The recent OPEC+ announcement to begin easing production curbs later this year has been blamed for the recent turmoil seen in oil prices, but one analyst believes that if prices continue to dwindle or fall below current levels, then the oil cartel could be forced to walk back or delay its plan to […]