Retired U.S. Navy admiral charged in bribery scheme with tech CEOs for $500,000 salary
Economy

Retired U.S. Navy admiral charged in bribery scheme with tech CEOs for $500,000 salary

Retired Navy Admiral Robert Burke. Courtesy: U.S. Navy A retired four-star U.S. Navy admiralwho was once the military branch’s second-highest-ranking officer, was arrested on Friday for a bribery scheme with two tech CEOs, the Department of Justice announced. From 2020 to 2022, Robert Burkea 62-year-old resident of Coconut Creek, Fla., allegedly used his high-ranking status […]

Travel won’t fully recover this year — but it will get close
Economy

Travel won’t fully recover this year — but it will get close

The World Travel & Tourism Council says the global travel and tourism sector won’t fully recover this year — but it will get close.The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of its gross domestic product contribution in 2019, according to the WTTC’s 2023 Economic Impact Research.After a sharp drop… […]

Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling
Economy

Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling

U.S. Treasury Secretary Janet Yellen holds a press conference at the US Treasury Department in Washington, DC, on April 11, 2023.Stefani Reynolds | AFP | Getty ImagesTreasury Secretary Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn” in the U.S., and she reiterated her warning that… […]

Marvel’s ‘Guardians of the Galaxy: Vol. 3’ kicks off summer movie season with $114 million opening
Economy

Marvel’s ‘Guardians of the Galaxy: Vol. 3’ kicks off summer movie season with $114 million opening

Still from Marvel Studio’s “Guardians of the Galaxy. Vol 3.”DisneyJames Gunn’s ragtag group of criminals-turned-heroes snared $114 million at the domestic box office during their third foray in cinemas.Disney and Marvel Studio’s “Guardians of the Galaxy: Vol. 3” tallied another $168.1 million from international markets over the weekend, bringing its total global haul to $282.1… […]