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“Biden isn’t fooling anyone — inflation is his fault and he has no solution to fix it” If you like your inflation, you can keep your inflation. Okay, Joe Biden didn’t say that. But he would have if he were being honest. The president set himself an easy task Tuesday — to show a dispirited…
“Bitcoin sinks below $33K to lowest price since July 2021” The price of bitcoin plunged below $33,000 on Monday – a downturn that has coincided with a sustained losing streak for US stocks as the market brace for the possibility of a recession. Bitcoin was down about 5% to approximately $32,934 as of 9 a.m….
“Biden’s big jobs lie is another sign he won’t right the US economy” The president sure loves repeating his empty brags on job creation. He crowed in a press release Friday about the latest jobs data that “our plans and policies have produced the strongest job creation economy in modern times.” Fact check: Joe Biden…
“Stock market troubles could get worse, Bank of America warns” The worst may still be yet to come for stocks – even after leading exchanges suffered their worst day of the year as anxiety mounts that the Federal Reserve’s plan to combat inflation will result in a recession. The Dow Jones Industrial Average plunged more…
“US economy adds 428,000 jobs in April, beating forecasts” America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs. Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment…
“Dow falls 1,200 points as ‘relief rally’ over Fed plan fades” Stocks cratered in trading Thursday, logging their worst day since 2020 as Wall Street grew skittish over the Federal Reserve’s high-wire effort to combat inflation without derailing the US economy. The Dow Jones Industrial Average plunged 1,063.09 points, erasing more than 3% of its…
“JPMorgan’s Jamie Dimon warns ‘cold war is back’” JPMorgan chief Jamie Dimon gave another dire warning about the Ukraine war’s potential long-term impact on the global economy on Wednesday – cautioning that an escalation in the brutal Russian invasion is a potential “disaster” that could cause an economic slowdown. Dimon indicated that he is more…
“US stocks fall as Microsoft, Google kick off key tech earnings” US stocks were pounded in midday trading Tuesday — with heavy losses in the tech-heavy Nasdaq index – as investors braced for key earnings from Google parent Alphabet and Microsoft later in the afternoon. The tech giants are set to disclose quarterly results against…
“Dow plunges 800 points as Fed signals steeper rate hikes to combat inflation” The Dow suffered its worst one-day loss since October 2020 as investors weighed the possibility that the Federal Reserve could hike interest rates more than expected and digested days of disappointing earnings results. The S&P 500 fell 2.8%, closing out a third…
“Fears of recession are everywhere — except the White House” With prices soaring, labor shortages, the Ukraine war raging, supply-chains snarled and interest rates now set to rise, fears of a looming recession are everywhere. Except, of course, at the White House — which is in utter denial. Just as it was over inflation. “‘Inflation…