>>Trump Media Shares Take A Significant Hit
(New York, NY) -- Shares of Trump Media took a tumble Monday. Stock in the newly-publicly traded social media company of former President Trump plunged more than 20 percent after the company reported a net loss of 58 million dollars in 2023. Despite the drop, the company's market value was still more than six-point-eight billion dollars. A filing with the SEC says TMTG expects to incur operating losses "for the foreseeable future." It also warns shareholders Trump's involvement in the company could put it at greater risk than other social media companies.
>>United Airlines Asks Pilots To Take Unpaid Time Off In May
(Chicago, IL) -- United Airlines is asking pilots to take unpaid time off in May. In a note to pilots, the carrier cited delays in receiving new aircraft from Boeing. The United chapter of the Airline Pilot's Association notified members it expects the company to offer more voluntary time off potentially through this summer. United previously indicated it would pause the hiring of new pilots this spring due to Boeing's delivery delays.
>>Redfin: 1 In Every 3 Home Purchases Made In Cash
(Washington, DC) -- More than one in every three home purchases in February were made with cash. That's according to a new report from the real estate company Redfin. The new numbers come as mortgage rates remain high. That all-cash purchase rate is close to the record high of 38-percent from 2013. According to Redfin, the median down payment for a house is also up over 24-percent from this time last year.
>>Immediate Pay Raise Announced For NYC Food Delivery Workers
(New York, NY) -- Food delivery workers in New York City are getting a pay raise. Mayor Eric Adams has announced that, effective immediately, the city's minimum wage for app-based restaurant delivery workers is now 19-56 an hour before tips. It follows last year's hike to nearly 18-dollars an hour and reflects a 2024 increase as well as an adjustment for inflation. That's a massive leap from the five-39 average that apps like Uber Eats, DoorDash and Grubhub used to pay their delivery workers before the city began enforcing the minimum pay rate in December.
>>Gen Z Stressing About Filing Tax Returns
(Undated) -- Generation Z is stressed out about filing a tax return. According to a recent Cash App Taxes survey, one in four members of this age group say they need to see a therapist to deal with tax filing stress. Tax preparers say it is not uncommon for a Gen Z client to be filing a tax return for the first time. Often, they are unaware of the basics, like where to get a 1099 or even what a 1099 is. Generation Z is anyone born between 1997 and 2012.
>>Controversy Over New EPA Rules On Truck Emissions
(Washington, DC) -- The EPA is facing push-back over new rules regulating trucking emissions. This, after the agency approved rules limiting emissions of greenhouse gasses and other pollutants by trucking companies. The rules are aimed at pushing companies to adopt electric vehicles in order to stay in compliance. Critics say they will cost trucking companies millions, costs that will get passed on to the consumer. Supporters insist the rules will save trucking companies money in the long term and provide numerous climate and health benefits.
