Economy Archives - Page 20 of 58

Musk: ‘New Twitter’ Will Push Mainstream Media to Be More Truthful

Elon Musk has revealed the “new” version of Twitter will seek to push the mainstream media to become more truthful. Under his leadership, Musk says Twitter will put competitor pressure on the media to “stop toeing the line.” The comment was made during a live Q&A session on late December…

IRS Warns Americans: Report $600 Transactions from Payment Processors or Risk Audit

The Internal Revenue Service (IRS) is warning American taxpayers that failure to report transactions of $600 or more from payment processing services will run the risk of an audit. The IRS is cracking down on payments made through networks like Venmo, Paypal, and Cash App. The move comes as the…

Company Seeks to Build Terminal on Delaware River to Export LNG to Europe

An American energy company is seeking to build a new terminal on the Delaware River to export liquefied natural gas (LNG) to Europe. Penn American Energy is in the early stages of developing a $6.8 billion LNG export terminal in Pennsylvania. The state is the nation’s second-largest producer of natural gas,…

Oil Executives Say Biden Is ‘Holding Us Back,’ Dallas Federal Reserve Survey Shows

American oil company executives argue that President Joe Biden's policies are restricting the energy industry, a new survey has revealed. The third quarter Federal Reserve Bank of Dallas Energy Survey suggests that U.S. oil and gas sector activity advanced at a strong pace, although the rate of expansion decelerated in…

Over 2,000 Employers Sign Anti-Woke Pledge to Not Discriminate against Free Speech, Personal Beliefs of Workers

More than 2,000 employers across the country have signed an anti-woke pledge to promise that they will not discriminate against their workers' free speech rights and personal beliefs. The initiative is led by RedBalloon, a conservative-leaning job services company. RedBalloon is promoting an "Employee Bill of Rights" that seeks to…

Norway Bolsters Security of Vulnerable Undersea Cables after Nord Stream Pipeline Sabotage

Norway is bolstering its security of undersea cables after the recent sabotage of the underwater Nord Stream pipeline system exposed critical vulnerabilities. The Norwegian government announced it is boosting security around vulnerable undersea fiber optic cables. The cables are vital to the country’s oil and gas production. Officials said the…

Local Governments Mobilize Veterans to Cover Worker Shortage at Foxconn over Revenue Loss Fears

Local governments in China are mobilizing military veterans to cover the worker shortage at Foxconn as violent protests over Covid lockdown measures continue to escalate at the world's largest Apple iPhone factory. The combination of the protests and the Chinese Communist Party's ongoing zero-Covid approach has created a shortage of…

American Consumers’ Sentiment on Economy Plummets, New Survey Shows

Sentiment regarding the U.S. economy is plummeting among American consumers, a new survey has revealed. Consumer sentiment fell this month, despite upwardly revised figures, according to the University of Michigan. In a newly released survey, the consumer sentiment index for November had deteriorated less than expected and was revised to…

Ford Recalls More than 634,000 SUVs over Fuel Leaks, Fire Risk

Ford Motor Company is recalling more than 634,000 SUVs globally over reports of fuel leaks and fire risks. The move came after it emerged that these vehicles may run a risk of a cracked fuel injector that can leak vapors or spill fuel onto a hot engine, potentially triggering a…

Musk Delays Relaunch of Twitter Blue, Announces New Gold and Grey Checkmarks

Elon Musk is delaying the relaunch of the Twitter Blue subscription service but has announced that the social media platform is rolling out new gold and grey checkmarks. The Twitter Blue verified checkmark service is being pushed back from November 29 to December 2. In a tweet early on Friday…