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Economy

U.S Economy Adds 311,000 New Jobs as Labor Growth Continues

March 10, 2023 - 1:33 pmMarch 10, 2023 - 10:12 am by Nick R. Hamilton

The U.S. economy added 311,000 new jobs in February, according to the latest figures.

Categories Economy Tags Business, Employers, Jobs, News, Workers 2 Comments

Elon Musk Responds after FTC Makes 350 Demands for Internal Twitter Information

March 9, 2023 - 10:13 am by Nick R. Hamilton

The Federal Trade Commission (FTC) has allegedly demanded that Elon Musk hands over internal information about Twitter.

Categories Economy Tags Business, Elon Musk, FTC, News, Twitter 8 Comments

Biden Admin Reverses Course, Gives Congress Green Light to Pass Bill Banning TikTok

March 9, 2023 - 10:51 amMarch 9, 2023 - 10:06 am by Nick R. Hamilton

President Joe Biden’s administration has reversed course this week by announcing that it would support a Senate bill to outlaw the Chinese app TikTok in the United States.

Categories Economy Tags Biden TikTok, Business, News, Senate 4 Comments

Congress Tackles ChatGPT amid AI Revolution

March 9, 2023 - 11:10 amMarch 9, 2023 - 6:09 am by Nick R. Hamilton

This week, senators and representatives have held separate hearings regarding the perils and promises of artificial intelligence (AI).

Categories Economy Tags Artificial Intelligence, Business, ChatGPT, Congress, News, tech Leave a comment

Senior Intelligence Official Warns of TikTok’s Influence on American Children

March 8, 2023 - 11:37 amMarch 8, 2023 - 10:06 am by Nick R. Hamilton

U.S. National Security Agency Director Paul Nakasone has warned that the Chinese Communist Party-linked social media app TikTok is influencing American children.

Categories Economy, News Tags Business, China, Chinese Communist Party, National Security, News, Paul Nakasone, Spying, TikTok Leave a comment

Railroad Offers Temporary Help to East Palestine Residents Impacted by Toxic Train Derailment

March 7, 2023 - 1:08 pmMarch 7, 2023 - 10:06 am by Nick R. Hamilton

Norfolk Southern Railway, the railroad company that owns the train that derailed in Ohio last month, has offered temporary help to the residents of East Palestine who are impacted by the toxic disaster.

Categories Economy Tags Business, East Palestine, News, Norfolk Southern Leave a comment

Fed’s Logan Warns Financial System Vulnerable to Bond Stress, Bostic Open to Rate Hikes

March 6, 2023 - 11:15 am by Nick R. Hamilton

America’s financial system is vulnerable to stress in the government bond market, Federal Reserve Bank of Dallas President Lorie Logan has warned.

Categories Economy Tags Business, Central Bank, Federal Reserve, Interest Rates, Lorie Logan, News, Raphael Bostic 3 Comments

Falling Labor Participation Rate ‘Really Troubling’ for Economy, Experts Warn

March 6, 2023 - 11:36 amMarch 6, 2023 - 10:06 am by Nick R. Hamilton

America’s low labor participation rate has become a problem for the U.S. economy, experts are warning.

Categories Economy Tags Business, Jobs, News, Unemployment, Work 5 Comments

Amazon Pauses Construction of New Virginia HQ amid Revenue Losses

March 5, 2023 - 10:06 am by Nick R. Hamilton

Online retail giant Amazon has paused the construction of its new headquarters in Virginia as revenue losses weigh heavily on the company.

Categories Economy Tags Amazon, Andy Jassy, Business, News, Virginia 2 Comments

Federal Agency Advances Gas Stove Ban Proposal Floated by Commissioner

March 4, 2023 - 12:57 pmMarch 4, 2023 - 10:06 am by Nick R. Hamilton

A U.S. federal agency has advanced its proposal on banning gas stoves from American homes after it was first floated by one of its commissioners in January.

Categories Economy, News Tags Business, Consumer Product Safety Commission, Gas Stoves, News, Richard Trumka Jr. 11 Comments
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