Economy Archives - Page 2 of 56

Cryptocurrency Firm Tether Freezes $225 Million in Customer Funds over Human Trafficking Allegations

Cryptocurrency firm Tether has frozen $225 million worth of customer funds over allegations of human trafficking. The company, which controls a stablecoin pinned to the U.S. dollar, took the action after it was reported that the funds were linked to a human trafficking syndicate in Southeast Asia. The U.S. Department…

Home Depot Founder Slams Biden: ‘Disastrous for All Americans Except the Political Elite’

Home Depot co-founder Bernie Marcus has slammed Democrat President Joe Biden over the state of America's economy. The 94-year-old entrepreneur says he has tried to stay out of politics but insists that he can no longer remain silent. Marcus warns that Biden's impact on the American quality of life cannot be…

Yellen: America Can ‘Absolutely’ Afford Another War

Democrat President Joe Biden's Treasury Secretary Janet Yellen has declared that American taxpayers can "absolutely" afford to fund another war. Speaking during an interview with the UK's Sky News, reporter Wilf Frost asked Yellen if "America can afford another war at this time." "I think the answer is: Absolutely," Yellen…

Ford ‘Pauses’ Michigan Electric Vehicle Battery Plant Construction amid Auto Workers Union Strikes

Automaker Ford has announced it is "pausing" the construction of a controversial electric vehicle (EV) battery plant in Michigan. The multi-billion dollar plant in Marshall has drawn scrutiny from U.S. lawmakers over the company’s partnership with Chinese Communist Party-linked battery-maker Contemporary Amperex Technology Co. Ltd., or CATL. The decision to halt…

Biden Admin Facing Backlash over Climate Crackdown on Dishwashers

President Joe Biden's administration is facing a major backlash over plans to crack down on the use of dishwashers in American homes. The Biden admin has proposed a regulatory crackdown on dishwashers as part of a sweeping fight against the perceived threat of "climate change." However, a coalition of over…

Salesforce CEO Warns San Francisco’s Downtown Will ‘Never’ Recover from Democrat Policies

Salesforce CEO Marc Benioff has warned that San Francisco's Downtown will "never" recover after a series of Democrat policies have driven business away from the area. In a recent interview, Benioff offered a dire outlook of the city, saying that San Francisco and the Bay Area are in trouble following…

Mexico Overtakes China as America’s New Manufacturing Base

As U.S. relations with China have fractured over the years, Mexico has emerged as the new manufacturing base for America. Doing business overseas has become increasingly more expensive. Due to the rising costs, experts believe that Mexico has now overtaken China to become the top manufacturer for American companies. At…

Tyson Foods Closes Multiple Chicken Processing Plants as Costs Soar

Tyson Foods Inc. is closing multiple chicken processing plants as the company scrambles to downsize amid soaring costs. The company said Monday that four plants are being closed. The closing plants are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri; and Noel, Missouri. In a statement about the…

Wall Street Overrules Biden Admin as Fitch Downgrades US Credit Rating

Democrat President Joe Biden's "Bidenomics" just dealt a huge blow to the American people as a major credit ratings agency issued a downgrade for the United States. Ratings agency Fitch downgraded the U.S. government’s top credit rating to AA+ from AAA. The move comes in response to an expected fiscal…

How BlackRock Triggered the Global Energy Crisis

In recent years, governments around the world have been pushing radical policies that have fueled a global energy crisis. It would be easy to assume that the decisions that have triggered soaring energy prices are just plain incompetence. However, the global energy crisis conveniently falls into line with the long-planned…