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.
Economy
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.
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.
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.
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.
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.
British PM Truss: Tax Cuts Benefit Everyone by Making UK Economy More Competitive
British Prime Minister Liz Truss has declared that her tax-cutting plans will make the UK economy stronger.
Cargo Ship Shortage Impacting Energy Prices
A shortage of cargo ships is fueling soaring energy prices around the world, according to a new report.
Federal Trade Commission Warns Companies Are Tricking Consumers with Sophisticated ‘Dark Patterns’
The Federal Trade Commission (FTC) has released a report warning that major companies are using sophisticated “dark patterns” in their advertising to trick consumers.
Court Rules against Big Tech Companies in Free Speech Censorship Battle
A federal appeals court has ruled in favor of a Texas law that seeks to rein in the power of Big Tech companies like Facebook and Twitter to censor free speech.