Economy Archives - Page 20 of 56

Mortgage Rates Decline after Signs Inflation Is Easing

Mortgage rates have started to decline after signs of easing inflation emerged. According to data from Mortgage Daily News (MDN), mortgage rates fell sharply on Thursday by their biggest-ever margin. The drop came after data showed inflation cooled in October. The Consumer Price Index (CPI) data released on November 10…

US Inflation Dips Below 8 Percent for First Time since February

Inflation rates in the United States have dipped below 8 percent for the first time since February. According to new data from the Bureau of Labor Statistics (BLS), the U.S. annual inflation rate eased to 7.7 percent in October. The figure is down from 8.2 percent in September. The core…

Auto Loan Delinquencies Hit Highest Level in a Decade as Borrowing Costs Soar

Delinquencies on auto loans have hit their highest levels in a decade as growing numbers of American fail to meet their repayments amid soaring borrowing costs. The data was revealed by the credit agency TransUnion, which tracks more than 81 million auto loans throughout the United States. According to TransUnion,…

Trump Group CEO Devin Nunes Backs Musk’s Twitter Takeover

The CEO of Trump Media & Technology Group (TMTG), Devin Nunes, has expressed support for Elon Musk’s recent acquisition of Truth Social rival Twitter. Speaking during a new interview with NTD’s “Newsmakers,” Nunes highlighted the need to protect freedom of speech on the internet. “Here at Truth Social (a social media…

Biden Administration Trying to Quash Subpoena of Jen Psaki

President Joe Biden's administration is trying to quash a subpoena issued to former Press Secretary Jen Psaki in a case alleging the White House conspired with Big Tech to censor American citizens. Psaki is fighting a subpoena that was issued in the Big Tech censorship case, claiming she should not…

Australian Liberal Senator Urges Federal Labor to Avoid ‘Arms Race’ with China over Solomon Islands

An Australian senator is urging federal labor to avoid walking into an "arms race" with China over the Solomon Islands in the South Pacific. Liberal frontbencher, Simon Birmingham, is calling the Albanese government to avoid an arms race with Beijing. The plea from Birmingham follows the Chinese Communist Party’s counter-donation…

Rattner: High Inflation ‘Not All on Biden’ as Trillions in Fed Stimulus Partly to Blame

Former Obama administration adviser Steve Rattner said on Thursday that the Biden administration is not entirely to blame for soaring inflation. According to Rattner, continued public spending of large amounts of COVID-19 stimulus is partly to blame. Rattner, who served as an adviser to the Secretary of the Treasury under…

Germany’s Scholz Calls for Reset in China Relations as CCP Ramps Up ‘Avowals of Marxism-Leninism’

Germany's Chancellor Olaf Scholz is calling for a reset on the way Western nations handle relations with China as the ruling Chinese Communist Party (CCP) continues to ramp up "avowals of Marxism-Leninism." Scholz argues Berlin needs to change the way it deals with Beijing and reduce “risky dependencies” as China.…

Elon Musk Reveals How Much Twitter ‘Blue Check’ Accounts Will Cost

Twitter CEO Elon Musk has revealed how much his newly-acquired social media company will charge users for their "blue check" accounts. On Tuesday, Musk highlighted that company will charge $8 per month for its “Twitter Blue” subscription service in the United States. He noted that the subscription will be required…

Jack Dorsey Keeps Stake in Twitter, Saving Elon Musk $1 Billion

Twitter co-founder and former CEO Jack Dorsey is keeping his stake in the company after it was acquired by Elon Musk. Dorsey is retaining his 2.4 percent stake in Twitter, according to a new filing with the Securities and Exchange Commission (SEC). According to the filing, Dorsey retained more than…