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Fed posts record loss of $114.3B in 2023 as aggressive rate hikes upend finances

The Federal Reserve announced Tuesday that it formally expects net income to be negative $114.3 billion in 2023, a record loss related to costs related to managing the central bank’s short-term interest rate target. Last year’s loss followed a net profit of $58.8 billion in 2022, the Fed said. The figures published are an audited […]

Will Remove Anti-Ivermectin Posts for COVID-19 Treatment

The following content is The Wellness Company. It’s time to get something like ivermectin or Z-Pak. Starting in 2021, the FDA launched a campaign against the use of ivermectin to treat COVID-19, stating that it is “intended for animals.” In fact, ivermectin has been administered to humans for decades, is an inexpensive Nobel Prize-winning drug, […]

Korean BBQ joint posts now-viral revenge story billboard

People are losing their minds after seeing this super cheeky sign posted in front of a new Korean restaurant in Melbourne. Ching Korean Barbecue in Caroline Springs hasn’t opened yet, but it’s already garnering national attention thanks to a giant sign affixed to its front. It says, “Hey Sophia, you left me because I was […]

Blue State Police Dept Posts Suspects With Lego Heads Due To New ID Protection Law

Southern California police are using Photoshopped Lego heads as a way to protect suspects’ identities in social media posts due to a new state law. The Murrieta Police Department (MPD) is featuring several Facebook and Instagram posts of the suspect wearing a Lego head. The post shows the suspect in images from various scenes where […]

Democratic Rep. Jeff Jackson posts groveling apology after voting for TikTok ban

The North Carolina Democrat took to TikTok on Saturday to apologize for his vote that could lead to a U.S. ban on the app. “I messed this up. Yay.” jeff jackson said, a freshman Congressman from the Tar Heel State. “I apologize. And I’ll keep you informed.” Congressman Jeff Jackson gushed on TikTok and apologized […]

Bills star Stefon Diggs posts cryptic message amid free agency frenzy

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Adidas posts first profit loss in 30 years as it sells off Yeezy inventory

Adidas on Wednesday reported its first annual loss in more than 30 years, warning that U.S. sales will decline this year as the German sportswear giant continues to sell its remaining Yeezy inventory. In 2023, Adidas posted a net loss of $63.4 million, the first time since 1992. MSN Previously reported. Currency-neutral North American sales […]