Economy Archives - Page 22 of 54

Toyota CEO: California’s Ban on Gas-Powered Cars ‘Difficult’ to Meet

Japanese automaker Toyota’s CEO and President Akio Toyoda has warned that California's ban on gas-powered vehicles by 2035 is a "difficult" target to meet. It may take longer for battery-electric cars (BEVs) to become mainstream than lawmakers in The Golden State believe, Toyoda said. He cited the impact of BEVs…

Trump-Voting Areas Recouping Pandemic Job Losses Faster Than Biden-Voting Areas, Study Shows

Ares of the United States that had a higher number of votes for President Donald Trump over Joe Biden in the 2020 election have recouped more jobs lost during the pandemic that Biden-voting parts of the country, a new study has found. Trump voting counties across the U.S. quickly recouped…

Bernie Sanders: Democrats Must Admit Americans Are in ‘Rough Shape,’ ‘Wages Not Keeping up with Inflation’

Sen. Bernie Sanders (I-VT) has highlighted the declining state of the economy under President Joe Biden and warned Democrats they must admit that Americans are in "rough shape." On Monday, Sanders said he does not believe the passage of the Inflation Reduction Act is enough of an achievement to help…

Biden Demands Gas Stations Drop Prices amid Seventh Consecutive Day of Rises: ‘Do It Now!’

Democrat President Joe Biden is demanding that gas stations drop their prices as the United States records its seventh consecutive day of rises. During a White House meeting on Monday, Biden demanded that gas stations, banks, and cell phone services drop their prices to help consumers amid soaring inflation. The…

Recession Fears Mount as Key Economic Gauge Drops for 6th Month Straight

Fears of a recession in the United States are fiercely mounting as one of the key economic indicators has recorded a drop for the sixth month straight. America’s recessionary signals intensified in August as a key economic gauge from the Conference Board dropped again. The Federal Reserve's aggressive rate hikes…

SEC Fines Boeing $200 Million for Misleading Investors on 737 MAX Safety Inspections

The U.S. Securities and Exchange Commission (SEC) has fined American multinational aerospace company Boeing $200 million for misleading investors. Boeing announced that it had reached a settlement with the SEC after allegations that it deceived its own investors and the public about the safety of its best-selling 737 MAX jetliner. The…

House Committee Hears Biden’s ‘Bizarre’ Take on How Prices Work: ‘White House Now Measuring Inflation in Inches’

Lawmakers have tried to dissect Democrat President Joe Biden's "bizarre" take on how prices work during a House Oversight Committee hearing. The blowback from Biden’s weekend remarks about prices rising “just an inch, hardly at all” continued during the week. During a session on Sept. 22 on corporate profiteering, the…

Russia Edges Closer to Using Bitcoin for International Trade

The Russian government has drafted new legislation that edges the embattled nation one step closer to accepting Bitcoin and other cryptocurrencies for international trade. According to a report from Russian news outlet Tass, Russia's Ministry of Finance and its central bank have agreed on a draft bill allowing crypto payments…

UK Announces Biggest Tax Cuts in 50 Years to Boost Growth amid Economic Crisis

British Prime Minister Liz Truss’s new Conservative Party government has unveiled the biggest package of tax cuts in 50 years as the country seeks to tackle the economic crisis by boosting growth. The new budget is aimed at spurring growth in the UK economy, which may already be in recession.…

Powell Vows to Crush Demand, Dent Job Market, Warns No ‘Painless’ Way to Tame Inflation

Federal Reserve Chair Jerome Powell has laid out a grim gameplan as he vows to crush demand and hurt the job market in an effort to tame inflation. Powell sent a stark message to markets following the decision to hike rates by another 75 basis points. The U.S. central bank…