Business U.S. News

Ben Shapiro’s The Daily Wire Looking to Buy Glenn Beck’s The Blaze

(The Daily Beast)  The people who head Ben Shapiro’s conservative news site are in talks to buy Glenn Beck’s troubled media empire TheBlaze, The Daily Beast has learned. Two sources familiar with the conversations said this appears quite likely, though the deal isn’t final. Reached for comment, Shapiro—who heads The Daily Wire, which is eyeing TheBlaze—did not […]

Business U.S. News

Trump proposes eliminating federal funding for PBS, NPR

(The Hill)  President Trump’s newly proposed budget includes a proposal to end federal funding for the Corporation for Public Broadcasting (CPB), part of a package that includes $300 billion in new spending overall. CPB provides federal funding for PBS and National Public Radio stations. “The Budget proposes to eliminate Federal funding for the Corporation for Public […]

Business U.S. News

Bitcoin for tax payments? Arizona could become first state in the U.S. to allow it

(AZcentral.com)  Arizona could become the first state in the country to accept payments from the volatile Bitcoin digital currency for taxes, thanks to a bill advancing through the Legislature. Sen. Warren Petersen, R-Gilbert, is sponsoring Senate Bill 1091. The bill would allow income taxes to be paid in Bitcoin or other cryptocurrency approved by the […]

Business U.S. News

Dow bounces more than 300 points Friday, but still posts worst week in 2 years

(CNBC)  The Dow Jones industrial average rebounded more than 300 points Friday, paring deep losses for investors in what still amounted to the worst week in two years. The Dow ended the day up 330.44 points, or 1.38 percent, closing at 24,190.90. The S&P 500 rallied 1.49 percent to finish at 2,619.55, while the Nasdaq composite added […]

Business U.S. News

Infighting at Newsweek: Editors Blast Exec to His Face: ‘You Don’t Understand Journalism.’

(The Daily Beast)  During a private meeting with editors this week, a top Newsweek executive blamed his own journalists for the magazine’s recent turmoil and refused to answer whether the company committed financial crimes. Newsweek Media Group interim Chief Content Officer Johnathan Davis took questions from editors for nearly 90 minutes on Wednesday, according to […]

Business U.S. News

Oil World Turns Upside Down as U.S. Sells Oil in Middle East

(Bloomberg)  The United Arab Emirates, a model Persian Gulf petro-state where endless billions from crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil. Yet, in a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly […]