Economy Archives - Page 12 of 59

Discover Credit Cards to Begin Tracking Gun Purchases from April

Credit card provider Discover Financial Services will begin tracking gun purchases made by its customers from April onward. The company will allow its network to track purchases made using payment cards at gun stores. The move has triggered criticism that such activity leads to targeting gun owners. In September, the…

Australia’s National Security Chiefs Considering TikTok Ban

Australia’s national security chiefs are considering a ban on China's TikTok app from all government devices. Security officials have been asked to determine whether Australia should ban the social media app from all government agencies over its links to the Chinese Communist Party (CCP). The move comes after the Biden…

60% of U.S Adults Live Paycheck to Paycheck, Report Shows

Americans are still struggling to save money at the end of each month amid the increased cost of living, according to a new report. The report by LendingClub and Paymnts is based on a survey of 4,163 U.S. consumers conducted from January 6 to 27. Researchers also included analysis of…

House Votes to Force Manufacturers to Tell Consumers about Microphones, Cameras in Devices

The House of Representatives has voted in support of a bill that would force manufacturers to tell consumers if Internet-connected devices have a built-in camera or microphone. On February 27, House lawmakers overwhelmingly voted in favor of the measure. The move hand enforcement of the rule over to the Federal…

‘Dilbert’ Cartoonist Dropped by U.S Newspapers over Alleged Racist Comment

Cartoonist, satirist, and political commentator Scott Adams has been canceled over comments he made that some people have alleged to be racist. Last week, Adams, who formerly identified as a black man, triggered a backlash on comments he made on his podcast, “Real Coffee with Scott.” On February 23, a…

Warren Buffett Warns America ‘Deficits Have Consequences’

Investment mogul Warren Buffett has issued a warning about “runaway inflation” from the consequences of fiscal deficits over the last decade. In his annual letter (pdf) to Berkshire Hathaway shareholders, Buffett touted his confidence in the U.S. economy. However, he also warned that "deficits have consequences." Buffett, 92, encouraged investors…

AAA Issues Alert to Drivers after Notice Warns ‘Do Not Drive’

The AAA issued a notice to drivers Friday to check their vehicles for recalls after Honda recently issued a “do no drive” warning for vehicles that haven’t received repairs for Takata Alpha air bag inflators. “Ignoring Takata airbag recall notices can have fatal consequences,” the Northeast AAA said in a news…

Eurozone’s Core Inflation Soars to Record High

The Eurozone's core inflation soared to a record high in January, as the bloc’s energy crisis rages on. The euro bloc is currently facing the worst energy crisis in decades after the Russia–Ukraine war caused gas and oil prices to soar. Last month, Europe’s consumer price index showed inflation in…

FOMC Members Warned of ‘Uncertainties’ in Inflation Outlooks, Raised Recession Odds, Minutes Reveal

Federal Open Market Committee (FOMC) members are quietly raising concerns about a long, drawn-out recession, recent minutes have revealed. Minutes from the latest FOMC policy meeting show that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher. While inflation is moderating…

Intelligence Agency: Spies Are Posing as Diplomats to Win over Journalists

Australia’s domestic spy chief Mike Burgess has warned that foreign spies are posing as diplomats or reporters to engage and influence journalists. Burgess is the head of the Australian Security Intelligence Organisation (ASIO). In his wide-ranging Annual Threat Assessment speech, Burgess also revealed his agency recently disrupted a “hive of…