Latest Recessions and depressions News
First batch of Boy Scout art raises over $3.7 million for those abused while scouting
DALLAS (AP) — The first batch of artwork from the Boy Scouts of America's collection raised over $3.7 million at auction Friday to help pay the compensation owed to those who were sexually abused while in scouting. The 25 works that sold are among over 300 from the Boy Scouts that...
What happens next in The Onion's effort to buy Alex Jones' Infowars
The Onion’s winning bid for Alex Jones ’ Infowars platform is under review by a federal bankruptcy judge after Jones and his lawyers complained about how an auction was conducted. The satirical news outlet was announced as the winning bidder on Thursday in an auction that is part...
UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
LONDON (AP) — Britain's Treasury chief Rachel Reeves said Friday that she is “not satisfied” by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, as the country's top central banker voiced his concerns about the...
Satire publication The Onion buys Alex Jones' Infowars at auction with Sandy Hook families' backing
The satirical news publication The Onion was named the winning bidder for Alex Jones' Infowars at a bankruptcy auction Thursday, backed by families of Sandy Hook Elementary School shooting victims whom Jones owes more than $1 billion in defamation judgments for calling the massacre a hoax. ...
Diamond Sports Group can emerge out of bankruptcy after having reorganization plan approved
Diamond Sports Group, the largest owner of regional sports networks, can emerge out of bankruptcy after having its reorganization plan approved Thursday. Judge Christopher Lopez gave the go ahead during a hearing in U.S. Bankruptcy Court in Houston that lasted 90 minutes. ...
Food prices worried most voters, but Trump's plans likely won't lower their grocery bills
Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. Trump often railed on the campaign trail against hefty price increases for bacon, cereal, crackers and other items. “We’ll get them...
Infowars auction could determine whether Alex Jones is kicked off its platforms
Conspiracy theory purveyor Infowars and most of its assets went on the auction block Wednesday, with Alex Jones waiting to see if he will be allowed to stay or if he will get kicked off its online platforms. The private auction was being held as part of Jones' personal bankruptcy,...
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
NEW YORK (AP) — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it won't announce quarterly financial results on time while it continues talks with bond holders to restructure its debt. Spirit said negotiations are progressing toward an agreement that...
Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
BUENOS AIRES, Argentina (AP) — Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. ...
The Boy Scouts inspired Norman Rockwell. His works will now help pay survivors of abuse
DALLAS (AP) — In one Norman Rockwell painting, a family proudly welcomes a beaming Boy Scout home from camp, his duffel bag in hand. In another of Rockwell’s achingly idyllic works, a Cub Scout stands on a chair to measure the chest of his older brother, a Boy Scout who has taped his fitness...
