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Viewers and journalists alike slammed CBS News over this week’s firing of Catherine Herridge — an award-winning senior correspondent who sources said had run into “internal roadblocks” at the network as she covered the Hunter Biden laptop story.

The veteran investigative reporter, who has a First Amendment case that’s being closely watched by journalists nationwide, was among 20 CBS News staffers who lost their jobs Tuesday as part of a broader purge of 800 employees across parent company Paramount Global, sources told The Post.

Inside the halls of CBS News, staffers were outraged and bewildered by Herridge’s ouster, according to sources close to the Tiffany Network.

“People can’t make sense of this decision,” said a source, noting that staffers inside the network’s Washington bureau where Herridge worked are “shocked and dismayed” that CBS would oust a journalist who “brought credibility” to the company.

Herridge came to CBS in 2019 to be a balanced voice, covering both sides of the aisle, after having served as chief intelligence correspondent for Fox News.

But Herridge’s most recent assigment — covering the Hunter Biden probe — put her under a microscope at the left-leaning network, The Post has learned.

It was well understood on Capitol Hill that Herridge was among the first to receive tips about the Hunter Biden investigation but she ran into “internal roadblocks at CBS News,” sources said.

In 2021, CBS News brought in Matt Mosk to lead the network’s investigative unit from ABC News where he led coverage on the Mueller investigation and Trump impeachments. Mosk also served as senior investigative producer on the 2021 Hulu documentary “Out of the Shadows: The Man Behind the Steele Dossier.”

The Steele Dossier, which has been debunked, accused former President Donald Trump’s campaign of conspiring with Russians to tilt the result of the 2016 election.

Insiders said Herridge also clashed with CBS News President Ingrid-Ciprian Matthews, a sharp-elbowed executive who was investigated in 2021 over favoritism and discriminatory hiring and management practices, as previously reported by The Post.

CBS News declined to comment.

Author and journalist Michael Shellenberger, an expert on censorship and free speech, called Herridge a “hero” on X, saying she lately has been “facing financial ruin and even prison for protecting her sources.”

“CBS execs have behaved cowardly,” Shellenberger wrote. “Shame on them.”

Meghan McCain, daughter of late Arizona senator John McCain, also weighed in, calling Herridge a “national treasure.”

“I cant tell you what an insane move it is for @CBSNews to let her go particularly during an election year,” McCain wrote.

Others speculated that her exit was linked to recent reporting that President Biden may have kept evidence that he had foreign business dealings while in office.

Collin Rugg, who co-owns conservative website Trending Politics, posted on X: “Herridge was fired just hours after she reported on how Biden may have ‘retained sensitive documents related to specific countries involving his familys foreign business dealings’… Wild.”

In 2022, CBS News co-president Neeraj Khemlani signaled that the network was looking to bring in more Republican voices ahead of the midterm elections that year.

“Being able to make sure that we are getting access to both sides of the aisle is a priority because we know the Republicans are going to take over, most likely, in the midterms, Khemlani told staff at the time, according to a recording obtained by The Washington Post. A lot of the people that were bringing in are helping us in terms of access to that side of the equation.

While the shift ruffled feathers among some of the left-leaning rank and file, insiders at CBS News said that mandate came from top brass, including Shari Redstone, the chair of Paramount Global.

Herridges departure comes as the journalist faces heat for not complying with US District Judge Christopher Coopers order to reveal how she learned about a federal probe into a Chinese American scientist who operated a graduate program in Virginia.

Critics ripped CBS for ousting Herridge when she is fighting for the rights of journalists, with one CBS News insider calling the network’s decision “tone deaf.”

Herridge may soon be held in contempt of court for not divulging her source for an investigative piece she penned in 2017 when she worked for Fox News and be ordered to personally pay fines that could total as much as $5,000 a day.

A source close to the situation said Fox News is paying for Herridges legal counsel.

Herridge “brought balance to the reporting and is facing possible jailing over her refusal to disclose her sources,” Jonathan Turley, Shapiro chair of public interest law at George Washington University, posted on X. “CBS should be standing with her and the journalistic values that she is fighting to protect.”

The scientist, Yanping Chen, had been investigated for years on suspicions she may have lied on immigration forms related to work on a Chinese astronaut program, according to Herridges report.

Chen is suing the FBI for damages claiming the leaked information was par of a campaign to damage her reputation. Federal prosecutors ended their six-year probe of Chen without bringing charges.

 

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Bank of America boss Brian Moynihan warns countries to ‘be careful’ when raising tax

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Bank of America boss Brian Moynihan warns countries to 'be careful' when raising tax

The chairman and chief executive of one of the world’s biggest banks has said countries have “got to be careful” with their budgets and ask themselves what a tax rise is for.

Bank of America’s Brian Moynihan was speaking about the UK budget to Sky’s Wilfred Frost on his The Master Investor Podcast.

While Mr Moynihan said the recent UK fiscal announcement was “fine with Bank of America”, he added that governments must be careful with financial markets’ reaction.

“All countries have to understand that the simple question a business asks is, you want higher taxes… higher taxes for what? If the ‘for what’ is not something that makes sense, that’s when you get in trouble,” Mr Moynihan said.

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The American executive was complimentary of the UK as a centre for financial services, saying, “You’ve got to realise this is one of your best industries”.

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“You have many other good industries, but a great industry for you is financial services”.

The power of London

While Paris was looked to in the wake of Brexit, London has pulling power for Bank of America and its staff, Mr Moynihan said.

“London is a great city for young kids to come work. People from all over the world will come work here a while and leave, and others will stay here permanently.

“That’s the advantage you have. You’re built. And while other financial centres are trying to build…. you’re built, you’re there.”

London, he said, is Bank of America’s “headquarters of the world”.

Mr Moynihan was upbeat about the prospects for the country too. “It’s more upside for the UK right now than anything else,” he said.

Bank of America is the second-largest bank in America with a market capitalisation of nearly $300bn – making it roughly 10 times bigger than Barclays, Lloyds and NatWest, and more than three times bigger than HSBC.

Having met with the King again on his latest trip to the UK, the CEO said, “his briefing and his knowledge and his passion… it not only impresses me, but I’ve seen it in front of so many people over the last six years. It impresses everybody”.

Mr Moynihan – one of the longest-serving Wall Street chief executives – has been leading Bank of America since 2010, when he was brought after the financial crisis.

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SoFi’s stock drops on $1.5 billion share sale announcement

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SoFi's stock drops on .5 billion share sale announcement

Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025.

David A. Grogan | CNBC

SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering.

The company, which provides online loans and other banking services, said in a press release that it will use the proceeds for “general corporate purposes, including but not limited to enhancing capital position, increasing optionality and enabling further efficiency of capital management, and funding incremental growth and business opportunities.”

The announced offering comes after SoFi’s market cap almost doubled so far in 2025. The stock price is up more than sixfold since the end of 2022.

A company’s share price often drops on a planned share sale as the offering dilutes the value of existing holders’ stakes.

In its third-quarter earnings release in late October, SoFi reported revenue growth of 38% from a year earlier to $961.6 million, while net income more than doubled to $139.4 million. The company reported cash and equivalents of $3.25 billion.

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Environment

The Kia EV5 is now on sale as one of Canada’s most affordable electric SUVs

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The Kia EV5 is now on sale as one of Canada's most affordable electric SUVs

Kia now has one of the most affordable electric SUVs in Canada. The EV5 is now on sale, starting at $43,495 CAD.

Kia opens EV5 orders in Canada

The EV5 is the electric SUV we want in the US, but we will likely never see it. After opening online orders on December 4, Kia revealed prices for the entire 2027 EV5 lineup.

Surprisingly, buyers can choose from nine trims, with prices ranging from $43,495 CAD for the base Light model to $61,495 CAD for the flagship AWD GT-Line Limited edition.

Outside of the Light trim, all EV5 variants are offered with front-wheel or all-wheel drive. Upgrading to AWD costs an extra $2,500 CAD.

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Likewise, all EV5 trims, except the Light variant, are powered by an 81.4 kWh battery, providing up to 460 km (285 miles) of driving range. The entry-level Light uses a 60.4 kWh battery, good for a driving range of up to 335 km (208 miles).

All EV5 models come with a built-in NACS port, nearly 30″ of screen space in a curved panoramic display, heated front seats, and Kia Connect with OTA updates.

The interior features Kia’s new Connect Car Navigation (CCNC) infotainment system with dual 12.3″ driver display and touchscreen navigation screens, plus a 5″ climate control screen. The setup includes wireless Android Auto and Apple CarPlay capabilities.

Kia grouped the EV5 trims into tiers based on what buyers are looking for. As expected, the Light FWD trim is the best value for your money.

For those looking for a little more driving range, the Wind FWD offers up to 460 km range, while the Wind AWD is built for Canada’s harsh winters. Both include a heat pump as standard.

Kia-EV5-prices-Canada
The Kia EV5 (Source: Kia)

2027 Kia EV5 prices and range by trim

Kia said the EV5 Land Rover trim is the best option if you’re looking for a little more out of the interior. The Land Rover trim adds a memory function to the driver’s seat, a heated steering wheel, a panoramic sunroof, a smart power tailgate, and 19″ wheels.

And then there’s the EV5 GT-Line, for those looking for added performance, a sporty new look inside and out, and driver-assistance features like lane-change assist.

2027 Kia EV5 trim Starting Price (CAD) (FWD/AWD) Battery Target Range (FWD/ AWD) Selling Points
Light traction $43,495 60.4 kWh 335 km Entry-level price, standard battery life
Wind $47,495 / $49,995 81.4 kWh 460 km / 415 km Long-life battery, heat pump
Land $49,995 / $52,495 81.4 kWh 460 km / 415 km Panoramic roof, smart tailgate, V2L
GT-Line $55,495 / $57,995 81.4 kWh 460 km / 410 km HDA2, FCA 2, ventilated seats, sporty style
GT-Line Limited $58,995 / $61,495 81.4 kWh 460 km / 410 km Head-up display, RSPA 2, Harman Kardon, digital key
Kia EV5 prices and range by trim in Canada

The EV5 is now available to order in Canada, outside of the entry-level FWD Light variant, which is scheduled for the fourth quarter of 2026.

Despite the wait, Kia claimed the 2027 EV5 is going on sale as “Canada’s most affordable electric SUV,” starting $43,495.

For those in the US, don’t get your hopes up. Kia said the EV5 will be sold exclusively in Canada for the North American market.

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