Economy Archives - Page 18 of 58

Salary Expectations in US Hit New High, Fed Report Shows

According to a Fed report, expectations regarding salaries among American workers hit a record high in November, with younger people expecting the most. “The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased from $72,873 in July to $73,667 in November, the highest reading…

FTX Associates ‘Cooperating with Investigators’ in Case against Sam Bankman-Fried

Two associates of former FTX CEO Sam Bankman-Fried are reportedly "cooperating with investigators" in the prosecutors' fraud case against the boss of the failed cryptocurrency exchange. Bankman-Fried former allies have pleaded guilty to criminal fraud charges related to the collapse of the FTX. Caroline Ellison, the former CEO of Alameda…

Harris Demands Social Media Companies ‘Work with Us’ on ‘Protecting Our Democracy’

Vice President Kamala Harris said on Monday that she expects and “would require” social media companies to "comply" with the Biden administration's efforts to prevent so-called "misinformation" and "disinformation." Harris demanded that Big Tech companies such as Twitter, Facebook, and Google must "work with" the federal government to “protect democracy.”…

Businesses Are ‘Extremely Cautious’ Heading into New Year

American businesses are remaining "extremely cautious" as they head into the new year as recession fears continue to weigh heavy for 2023. One of the most hotly debated topics of 2022 has been the question of whether or not the U.S. economy is in recession. Yet corporate America is bracing…

Top Economic Forecaster: Recession Coming in 2024

A top economic forecaster has stated that America will enter a recession in 2024 after the economy slows down next year. The recession will be brought on by American industry continuing to slow down, according to economic forecaster ITR Economics. “We’re still calling for more of a slowing growth cycle…

50% of American Workers Say They Plan to Quit Their Jobs in 2023

Amid widespread layoffs and hiring freezes under Democrat President Joe Biden's economy, around 50 percent of American workers say they plan to quit their jobs in 2023, new data shows. The uncertain economy is driving key players in the tech, automobile, media, and food industries to make unprecedented cutbacks in…

‘Twitter Files 6’ Shows ‘Deep State’ Went Way Deeper Than Just FBI-Twitter Collusion

Elon Musk released the sixth installment of the "Twitter Files" on Friday, revealing the FBI's deep involvement in the company's previous censorship practices. "Twitter’s Files 6" focuses on content crackdowns and paints a picture of a censorship machine that's directly linked to the federal government. It reveals that Twitter not…

Ex-Treasury Secretary: Recession Is Coming and It Won’t Be Mild

Larry Summers, who served as Bill Clinton's Treasury Secretary and Barack Obama's National Economic Council advisor, has warned that a recession is coming and that it will not be a mild one. Speaking during an interview with MSNBC on Thursday, Summers said that the Federal Reserve will have to face…

Twitter Suspends Accounts of Journalists from New York Times & CNN under New Doxxing Policy

Twitter has suspended the accounts of several journalists after they allegedly violated the new doxxing policy in the platform’s terms of service. Reporters from major outlets, including The New York Times, The Washington Post, and CNN, had their accounts shut down under the new policy. The accounts that were suspended…

US Experts Raise Concerns about China Cornering Market for Old-Gen Chip Technology

Experts in the United States are raising concerns that firms in China are cornering the market on the production of older-generation chips. Chinese firms are increasingly focusing on boosting the production of old-gene chips. The move is causing concerns among experts in the United States and the Western world more…