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“#Fed signals two interest rate hikes by 2023 as inflation soars” Federal Reserve officials held interest rates near zero on Wednesday, but sent the Dow tumbling as it signaled two rate hikes by the end of 2023 amid soaring inflation. The Dow Jones industrial average lost 300 points after the Fed said it could lift its…
“# ‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long ” All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once…
“#Bidenomics is a total disaster that could send US back to stagnant ’70s” Bidenomics is proving an utter disaster for American workers and consumers, and don’t bet on it to end soon. With the pandemic all but over — more than half of American adults are fully vaccinated, and transmissions have fallen through the floor — the…
“#G7 backs cash splash to push post-COVID economic recovery” President Biden’s call for ongoing economic stimulus to help the West’s post-pandemic recovery was met with approval by his fellow heads of state on the first day of the G7 summit in southwestern England, according to a report. The Financial Times reported that Biden opened the…
“#Oil demand will exceed pre-COVID levels by end of 2022: energy agency” Demand for oil will surpass pre-pandemic levels by the end of next year as the global economy recovers, the International Energy Agency said on Friday, rejecting analysts’ predictions that the world’s oil usage has already peaked. “Global oil demand is set to return…
“#Latest economic figures shows Bidenomics is not working” The Biden Administration keeps insisting inflation is “transient,” but there are now real signs inflation is here and possibly for the long haul. Thursday’s consumer price index increase of 5.4 percent year-on-year — its highest level in 13 years — is the latest and most visible piece…
“#Here’s where inflation is hitting America’s wallets hardest” Americans hungry to return to their pre-pandemic habits had better be prepared to pay top dollar. Across the board, Americans can expect to shell out 5 percent more for goods and services than they would have a year ago, the fastest rise in prices the US has…
“#Inflation surges as consumer prices leap 5%, biggest jump since 2008” Inflation continued to surge in May, with consumer prices accelerating at the fastest pace in more than 12 years as the economy emerges from the pandemic, the feds said Thursday. The Labor Department’s Consumer Price Index, which measures a basket of goods and services…
“#US workers file 376K new jobless claims, marking new pandemic low” The number of Americans seeking new unemployment benefits fell again last week to a fresh pandemic low, the feds said Thursday. Initial worker filings for jobless claims, seen as a proxy for layoffs, reached 376,000 last week, down from 385,000 reported the prior week, according…
“#Job openings soar to new record as workers stay on sidelines” US job openings soared to a fresh record of 9.3 million in April while companies struggled to find new workers as the economy continued to heat up, the feds said Tuesday. Total openings rose by about 1 million compared to March, according to the…