JPMorgan Chase chief global market strategist and co-head of global research, Marko Kolanovic, reportedly said last week in a mid-year outlook that the S&P 500 will drop almost 23% from 5,483 on June 27 to 4,200 by the end of 2024 amid an economic slump and headwinds like downward earnings revisions. US real gross domestic … Read more
Activists are concerned that high-profile cobalt consumer Tesla isn’t doing enough to demand that its cobalt be mined ethically without the use of child or forced labor. The EV company says it is implementing checks on its suppliers, but these checks amount to scheduled visits by third party monitors who give the mines time to … Read more
Colorado’s new statewide paid-leave program doled out more than $311 million in compensation to tens of thousands of workers in its first six months, the state Department of Labor and Employment said Monday. More than 62,000 workers have had their pay partially replaced under the Family and Medical Leave Insurance (or FAMLI) program. The program … Read more
When initial results dropped in Colorado’s primary elections this week, the early signs in several prominent Democratic legislative races lent themselves to an easy characterization: “moderates win, lefties lose.” Left-wing candidates like Denver Reps. Elisabeth Epps and Tim Hernández indeed were trailing in races that had been soaked in outside spending supporting more moderate Democrats, … Read more
For a while there, it was touch and go for the buffet. While rumors of its death may have been greatly exaggerated, the past few years haven’t exactly been a boon for the more-is-more, AYCE category. (If you don’t know that that stands for all-you-can-eat, well, grab yourself some stretchy pants and head to Cinzetti’s, … Read more
Lines of corn tortilla chips and tortillas flow with systematic purpose at Raquelitas Tortillas factory in Denver’s River North Art District. Once the chips have been fried and seasoned, a conveyor belt delivers them into a chute, where 6 lbs are automatically weighed out and dropped into a pink and green Raquelitas box, ready to … Read more
Development Minister Kostas Skrekas has been left out of the Cabinet in a change that underlines the government’s attempt to deal with the cost-of-living crisis. Takis Theodorikakos, former citizen protection minister, replaces Skrekas in the development post. Polls had shown for months that inflation was the top concern among voters. The foreign and finance ministers … Read more
Modern air travel is often terrible. Cramped seats, tiny luggage compartments — the list goes on. Yet, most of us in those cramped seats actually have it far better than the folks strolling the aisles, who — at least on American Airlines flights — earn barely over $27,000 per year while forced to live in … Read more
Money. Incumbency. Near-universal name recognition. U.S. Rep. Lauren Boebert has uncorked a powerful political brew in her quest to clear a field of five Republican primary opponents, all of whom have deeper roots in Colorado’s easternmost district than the second-term congresswoman. That time-tested formula has given Boebert, less than half a year after she abandoned … Read more
National Security Minister Itamar Ben-Gvir demanded of Attorney General Gali Baharav-Miara that she order a criminal investigation against Labor Party Chairman Yair Golan on Wednesday evening. Ben-Gvir urged Baharav-Miara to investigate Golan after he called for disobedience among reservists during a public conference. In a letter sent to the Attorney General, Minister Ben-Gvir wrote, … Read more
