>>Fed Governor Warns Of Higher Interest Rates For Longer
(Jonesboro, AR) -- It looks like it will cost more for Americans to buy a home, a car, and most credit card balances will increase. This after a top Federal Reserve official warned of higher interest rates for a longer period of time. The central bank has been continuously raising interest rates to fight soaring inflation and the official said "it might be a long fight." It's believed raising rates is necessary to coll of our over-heated economy, which many believe is leading to inflation.
>>Big Oil Sees Record Profits In 2022
(Washington, DC) -- The largest oil companies in the world are reporting record profits. The five oil giants in the West raked in combined profits of nearly 200-billion dollars in 2022 as fossil fuel prices spiked following Russia's invasion of Ukraine. ExxonMobil reported the most robust profit, coming in at 55-billion, followed by Shell at 40-billion. The influx of cash has prompted calls for higher taxes. President Biden in his State of the Union address Tuesday said oil companies are investing too little to ramp up domestic production and proposed quadrupling the tax on corporate stock buybacks.
>>United Airlines Uses Denver As Backdrop For Super Bowl Ad
(Denver, CO) -- United Airlines is using Denver as a backdrop for a Super Bowl ad tweaking one of its competitors. The ad shows video of a Denver family along with text saying that United got more families in and out of Denver during the holidays than any other airline. The ad appears to be a subtle criticism of Southwest Airlines, which had major issues with canceled and delayed flights last Christmas. The ad will run once in the Denver and Colorado Springs television markets during the big game this Sunday.
>>Jeffrey Epstein's Banks Move To Dismiss Victim Lawsuits
(New York, NY) -- Jeffrey Epstein's banks are trying to dismiss his victims' lawsuits against them. Some victims are accusing JPMorgan Chase and Deutsche Bank of enabling the late financier's sexual abuse. The banks claim they didn't know about any allegations and didn't actively further Epstein's sex trafficking. They also note they don't have any legal obligation to protect the women from Epstein.
