Economy Archives - Page 28 of 58

Depleting America’s Emergency Oil Reserves to Elect Democrats

Democrat President Joe Biden has been selling off America's oil reserves at a time when the country needs it more than ever. Despite the fact that attacking rich oil companies is a favored Democratic Party talking point, Biden has for all intents and purposes been converting oil into campaign cash…

How Europe’s Energy Crisis Impacts America

As the energy crisis deepens in Europe, many European countries are preparing for harsh cold and dark winter. With much of Europe under the thumb of Russia's energy supply, nations are being cut off. As governments scramble to stock up on reserves before the winter months, the people of Europe…

FedEx Anticipates ‘Worldwide Recession,’ Announces Store Closures

FedEx has sounded the alarm on a global recession and revealed that it will be closing multiple stores amid “significantly worsened” economic trends. The company's CEO Raj Subramaniam made the comment during an interview with CNBC’s Jim Cramer on Thursday. He was asked by Cramer if he believed the economy…

IMF Chief: European Energy Crisis Could Spark Social Unrest This Winter

The head of the International Monetary Fund (IMF) has warned that the energy crisis could spark widespread social unrest as European nations prepare for a harsh winter. Kristalina Georgieva, managing director of the IMF, is warning that a number of countries in Europe may suffer harsh conditions amid an economic…

Feds ‘Added’ 1.3 Million Jobs by Double-Counting This Year, Top Economist Says

The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated. Throughout this year, the monthly jobs reports have been repeatedly topping market estimates. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively. The…

US Inflation Comes in Worse Than Expected as Food Prices, Cost of Living Soar

America's annual inflation rate has come in higher than expected at 8.3 percent in August, with food prices and the general cost of living soaring. According to the Bureau of Labor Statistics (BLS), the figure is higher than the market forecast of 8.1 percent. However, the rate is slightly down…

Janet Yellen: America Needs ‘Some Good Luck’ to Avoid Hard-Landing into Recession

Democrat President Joe Biden's Treasury Secretary Janet Yellen has stated that America needs "some good luck" if the economy is to avoid hard-landing into a recession. Speaking during an interview with CNN on Sunday, Yellen failed to inspire confidence that the Federal Reserve is going to steer the United States…

America on Verge of Energy Disaster as Biden Dumps Money into Renewables, Expert Warns

America is on the verge of disaster regarding energy supply and demand, and President Joe Biden's administration is exacerbating the problem, a leading expert is warning. Jerry Simmons, president of the Domestic Energy Producers Alliance, warns that Biden's green agenda is driving the United States into a potentially irreversible situation.…

Tesla Considering New Lithium Refinery in Texas

Tesla is considering setting up a lithium refinery on the Texas Gulf Coast, according to reports. Elon Musk's electric car company is evaluating whether establishing its own refinery would be viable. The move is being considered as part of an effort to secure the supply of the precious material used…

ECB Raises Interest Rates Further as Inflation Soars in Eurozone

The European Central Bank (ECB) has hiked interest rates again on Thursday by the largest increment since the bank’s founding. The move comes as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75…