When might the release from the US strategic oil reserve affect gas prices?

When might the release from the US strategic oil reserve affect gas prices?

(NEW YORK) -- The White House announcement Tuesday that the U.S is taking the rare step of releasing oil from the nation's strategic reserve in an attempt to lower gas prices comes as inflation-battered Americans are feeling the pinch at the pump ahead of Thanksgiving travel. While the news could…
Macy’s iconic Thanksgiving Day Parade balloons are now NFTs

Macy’s iconic Thanksgiving Day Parade balloons are now NFTs

(NEW YORK) -- Macy's is turning some of the iconic balloon designs from its annual Thanksgiving Day parades into non-fungible tokens (NFTs), some of which will be auctioned to benefit the Make-A-Wish foundation. NFTs have become adopted by the mainstream and are especially popular among budding digital art collectors. Macy's…
Kellogg restarts talks with workers as strike enters seventh week

Kellogg restarts talks with workers as strike enters seventh week

(BATTLE CREEK, Mich.) -- Negotiations are resuming on Monday between Kellogg Co. and the union representing some 1,400 cereal plant workers who have been on strike for more than six weeks. The workers, who have been striking since Oct. 5, are being represented by the Bakery, Confectionery, Tobacco Workers and…
Biden nominates Federal Reserve Chairman Jerome Powell to 2nd term

Biden nominates Federal Reserve Chairman Jerome Powell to 2nd term

(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation and took the opportunity to respond to those who have voiced opposition to Powell's nomination. "As chair, Jay undertook a landmark review to reinforce…
Theranos founder Elizabeth Holmes returns to the stand in fraud trial

Theranos founder Elizabeth Holmes returns to the stand in fraud trial

(SAN JOSE, Calif.) -- Theranos founder Elizabeth Holmes will return to the stand on Monday at her criminal fraud trial in a California federal court. Holmes, who is accused of defrauding investors out of millions as she raised money for her blood-testing start-up, is expected to testify on Monday and…
Looking back on 20 years of the Xbox

Looking back on 20 years of the Xbox

(NEW YORK) -- This month marks twenty years since Microsoft unveiled the very first Xbox.  On November 15, 2001, at an event that included a guest appearance from Duane “The Rock” Johnson, then-Microsoft CEO Bill Gates pulled the wraps off the black and green gaming console. Since then the device…
Prosecution rests in Elizabeth Holmes trial after nearly 11 weeks

Prosecution rests in Elizabeth Holmes trial after nearly 11 weeks

(SAN JOSE, Calif.) -- Federal prosecutors have rested their nearly 11-week case against Elizabeth Holmes, the former Theranos CEO accused of misleading investors to bankroll her one-time multibillion-dollar Silicon Valley start-up despite no evidence its blood-testing technology could perform as promised. "The United States rests," Prosecutor Jeff Schenk told the…