Category Archives: WBAP 24/7 News

Wealthier Americans Are Driving Retail Spending and Powering US Economy

Wealthier Americans Are Driving Retail Spending and Powering US Economy

WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace? One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven…MORE

CVS Health CEO Lynch Steps Down as National Chain Struggles to Right Its Path

CVS Health CEO Lynch Steps Down as National Chain Struggles to Right Its Path

CVS Health CEO Karen Lynch has stepped down with company shares sinking 19% this year and the health care giant struggling on several fronts. Company shares tumbled again Friday after CVS Health also warned of disappointing third-quarter earnings and said investors should not rely on guidance it laid out in August. Lynch will be replaced…MORE

Boy Scouts of America Trust to Auction Rare Art to Compensate Sexual Abuse Survivors

Boy Scouts of America Trust to Auction Rare Art to Compensate Sexual Abuse Survivors

IRVING (WBAP/KLIF News ) – The Boy Scouts of America’s settlement trust is selling four Norman Rockwell paintings as part of a collection at Heritage Auctions in Dallas next month as part of the effort to compensate more than 64,000 sex abuse survivors. Each painting is valued at more than $100,000. The Irving-based organization filed…MORE

Israel Says It Has Killed Hamas Leader Yahya Sinwar in Gaza

Israel Says It Has Killed Hamas Leader Yahya Sinwar in Gaza

JERUSALEM (AP) — The Israeli military says it has killed Hamas’ top leader, Yahya Sinwar, during a battle in Gaza. Troops appeared to have run across him in a battle on Wednesday, only to discover afterwards that a body in the rubble was the man Israel has hunted for more than a year. Authorities conducted…MORE

Attorney General Ken Paxton is Suing a Doctor for Allegedly Providing Gender Transition Treatments to Minors in Dallas

Attorney General Ken Paxton is Suing a Doctor for Allegedly Providing Gender Transition Treatments to Minors in Dallas

(WBAP/KLIF) – DALLAS, TX – Dr. May Lau is a professor in the pediatrics department at UT Southwestern Medical Center specializing in adolescent sexual and reproductive health. Paxton’s lawsuit claims that Dr. Lau provided hormone replacement therapy to 21 minors, and used false diagnoses and billing codes in order to hide illegal prescriptions. Last year,…MORE

More Than 5,000 Globe Life Insurance Customers May Have Had Their Personal Information Compromised

More Than 5,000 Globe Life Insurance Customers May Have Had Their Personal Information Compromised

(WBAP/KLIF) – In a filing with the Securities and Exchange Commission, Globe Life Insurance stated that someone hacked into their system, and is now seeking money in exchange for not releasing their customers personal information. The hacker is threatening to release social security numbers, addresses, an even health data from thousands of customers. The McKinney…MORE

US Shoppers Spent More at Retailers Last Month in Latest Sign Consumers Are Driving Growth

US Shoppers Spent More at Retailers Last Month in Latest Sign Consumers Are Driving Growth

WASHINGTON (AP) — Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. Retail sales rose 0.4% from August to September, up from 0.1% the previous month and the third straight increase. Online retailers, restaurants,…MORE