Economy Archives - Page 13 of 58

Used Car Prices Soar with Largest Spike in 14 Years

Used car prices have soared, recording the largest February increase in 14 years, according to reports. The spike in prices comes as inflation continues to drive consumer prices. Wholesale used-vehicle prices increased 4.1 percent from January through the first half of this month, signifying the largest February increase since 2009’s…

Poultry Supplies under Threat as Bird Flu Continues to Spread Worldwide

Poultry supplies are coming under increasing threat as bird flu continues to spread worldwide, experts are warning. Entire flocks are often culled even when only one bird tests positive because the disease is extremely deadly to poultry. Veterinarians and disease experts told Reuters in a new interview that the avian-borne virus…

CBO: America May Default by Summer If Debt Ceiling Deal Not Reached

The Congressional Budget Office (CBO) has warned that America could default on its debt sometime over the summer. CBO Director Phillip L. Swagel warned that the federal government's borrowing power will be severely blunted if President Joe Biden and House Republicans don’t agree on the debt ceiling soon. “If the…

Lael Brainard Named Biden’s Top White House Economist amid Economic Team Shakeup

Federal Reserve Vice Chair Lael Brainard will step down from her position and serve as President Joe Biden’s top economist, the White House said on Tuesday. Brainard will serve as the new head of the National Economic Council (NEC), succeeding Brian Deese, who recently announced his resignation. President Biden also…

U.S to Sell 26 Million Barrels of Oil from Strategic Petroleum Reserve, Will Hit Lowest Level in 40 Years

The Biden administration is planning to sell off millions of barrels of oil from America's Strategic Petroleum Reserve (SPR). 26 million barrels will be sold this fiscal year, a move that will cause the SPR to drop to its lowest level in 40 years. The sell-off comes after a sale…

‘World’s First’ Dating Service for Unvaccinated Launches

A new dating site has launched that is for unvaccinated singletons only, marking a world's first. The company's founders see a growing need for matching like-minded people in a climate of medical censorship and hostility. Businesswomen Shelby Thomson and Heather Pyle of Maui, Hawaii, found the online dating game a…

America Sends Message to CEOs: Drop the ‘Woke’ and Get Back to Business

Americans want corporations to drop their "woke" agendas and get back to focusing on their business, a new survey has revealed. Companies across the country are gearing up for an economic downturn by cutting costs and staff. However, CEOs might want to heed the rising voice of consumers who want…

EU Complains Twitter Not Interested in Complying with Censorship Demands

Officials in the European Union (EU) are complaining that Elon Musk's Twitter appears to have no interest in complying with the bloc's censorship demands. EU authorities have raised concerns that Twitter doesn’t seem to be taking the European Commission’s fight against “disinformation” seriously. According to the governing body, Twitter produced…

Biden Pushes Billionaire Tax in SOTU Address, Quadrupling Stock Buyback Levy

President Joe Biden urged billionaires and corporations to “pay their fair share” during his State of the Union address on Tuesday night. In his second SOTU speech, Biden repeated the administration’s concept of “reward work, not just wealth.” The president proposed instituting a minimum tax on billionaires and quadrupling…

Experts Explain How to Get 2023 Tax Refund as Quickly as Possible

Those who want their refunds back as quickly as possible should file electronically and ask for a refund via direct deposit to their accounts, according to tax attorneys and accountants. “If at all possible, file electronically, and request that you receive your refund by direct deposit,” tax attorney Adam Brewer…