Business News

AM Business Notebook

>>Elon Musk Threatens "Thermonuclear Lawsuit" As X Ad Boycott Grows

(San Francisco, CA) -- Elon Musk says he's going to file a "thermonuclear lawsuit" against nonprofit watchdog Media Matters and others as more major companies stop advertising on X, formerly known as Twitter. In a post today, Musk wrote he'll file suit "the split second court opens on Monday." He accused Media Matters and unnamed "others" of colluding to attack his company. Apple, Disney, and IBM reportedly have paused advertising on X over an antisemitism storm that's swirling around the social media platform.

 

>>SpaceX Views Starship Test Flight As A Success

(Boca Chica, TX) -- SpaceX is putting a positive spin on the second test of its Starship rocket even though it ended in an explosion minutes after launch. The Saturday morning liftoff saw the Starship successfully blast off and then separate from its first stage booster. However, ground controllers lost communication with the spacecraft a short time later. A SpaceX broadcast of the launch said it appeared an automated flight termination system "triggered" as the rocket headed downrange over the Gulf of Mexico. SpaceX CEO Elon Musk wrote on X,"Congratulations @SpaceX team."

 

>>Deflation Might Be On The Horizon At The Grocery Store

(New York, NY) -- Walmart CEO Doug McMillon says the U.S. food industry may be heading into a period of deflation after three years of punishing price hikes. Food prices have increased 25-percent since the pandemic started, but reprieve might be on the horizon. The pace of food inflation has slowed in recent months, but food prices are mostly still going up, they rose three-point-three percent annually in October from a year ago. This is according to the Labor Department but prices on some staples like bacon, seafood and eggs have dropped. The reason for this is a strong US dollar makes imported goods cheaper, and some of those savings get passed on to consumers. Supply chain disruptions are largely in the rearview mirror, and energy costs have declined.

 

>>UAW Members Approve New Contract

(Detroit, MI) -- It looks like United Auto Workers union members have approved a new contract with the Big Three U.S. automakers. The vote was close among members at General Motors with around 55-percent voting in favor of the deal. Preliminary results show members at Stellantis and Ford are also on track to approve the contract. UAW president Shawn Fain will give an update on the vote totals later today.

 

>>Latest "Hunger Games" Movie Tops Box Office

(Hollywood, CA) -- The latest in the "Hunger Games" series tops this weekend's box office with an estimated 44-million-dollars. "The Hunger Games: The Ballad of Songbirds and Snakes" outpaced "Trolls Band Together," which finished second with 30.6-million-dollars. Last week's top film, "The Marvels," is in a virtual tie with the Sony debut "Thanksgiving," as both come in at ten-point-two-million-dollars. "Five Nights at Freddy's rounds out the top five.

On Air Now

Dan Bongino
Dan Bongino
9:00am - 12:00pm
The Dan Bongino Show

FlashAlert

KBND ON FACEBOOK

News Disclaimers