Economy Archives - Page 12 of 58

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…

Reckitt Recalls 145,000 Cans of Vegan Baby Formula over Deadly Bacteria Concerns

Reckitt is voluntarily recalling 145,000 cans of its vegan baby formula “out of an abundance of caution” over concerns it could be contaminated with deadly bacteria. The nutrition product maker says the recall is due to possible cross-contamination with the potentially deadly bacteria, Cronobacter sakazakii. In a notice on February 19,…

CEO of Norfolk Southern Visits Toxic Train Crash Site in Ohio

The CEO of Norfolk Southern rail company has finally visited the small Ohio town where a train derailed earlier this month, creating a toxic environmental disaster. Company CEO Alan Shaw vowed that Norfolk Southern “will be working tirelessly every day to get East Palestine back on its feet as soon…

Moderna Reverses Course, Says People Will Not Have to Pay for Covid Shots

Moderna has reversed course and announced that people will not have to pay for its Covid shots after the federal government stops buying the pharmaceutical company's vaccines. “Moderna remains committed to ensuring that people in the United States will have access to our COVID-19 vaccines regardless of ability to pay,”…