Economy Archives - Page 28 of 56

Fed’s Powell Warns of Economic Pain: Inflation Fight Will Last ‘Some Time’

Federal Reserve Chairman Jerome Powell has warned Americans to brace for a long period of economic pain, revealing that he expects the fight against inflation will last "for some time." The Federal Reserve will use its tools “forcefully” to attack the 40-year high level of inflation by continuing to tighten…

Elon Musk’s SpaceX Partners with T-Mobile to Fill Cellphone Network ‘Dead Zones’

Elon Musk’s SpaceX is partnering with T-Mobile to fill "dead zones" in the cellphone provider's network across the United States. The companies announced on Thursday that SpaceX’s Starlink satellites will provide cellphone users with network access in parts of the U.S. where coverage doesn’t currently exist. The “Coverage Above and…

Biden’s Student Loan Forgiveness Benefits White House Staffers, Watchdog Reveals

President Joe Biden’s newly announced student loan forgiveness scheme will benefit several White House staffers, a watchdog group has revealed. The plan stands to benefit a number of Biden appointees who qualify for the debt wipeout scheme. Republicans have panned the move as “wildly unfair redistribution” and accused the president of…

Lawmakers Investigating Twitter over Whistleblower’s Explosive Allegations

Congressional lawmakers are investigating explosive allegations made against Twitter by a whistleblowing former executive. As Slay News reported, Twitter’s former chief of security has made a major whistleblower complaint against the social media company. The allegations from Peiter Zatko, the whistleblower who served as Twitter’s head of security for around…

European Central Bank: Cash ‘Not Fit’ for Digital Economy

The European Central Bank (ECB) has dismissed privacy concerns about a central bank digital currency (CBDC) and declared that physical cash is "not fit" for a digital economy. According to a new paper from the ECB, cash is no longer a useful tool, and a CBDC is the “only solution”…

Soaring Inflation Drives up Cost of Raising a Child by More Than $1,500 per Year

Soaring inflation has driven up the cost of raising a child by more than $1,500 per year, a new report has revealed. Raining a child from birth to 17 years old has now increased by around $1,530 per year to a total of over $300,000, according to a Brookings Institution…

Bank of America CEO Issues Warning about Biden’s Recession Rhetoric

Bank of America CEO Brian Moynihan has slammed Democrat President Joe Biden's economic rhetoric and issued a warning about his administration's attempts to twist the definition of a recession. The Biden administration repeatedly downplayed the definition ahead of an economic report that showed the United States experienced two consecutive quarters…

The Left’s Energy Policies Show They Either Hate Trump or America, Congresswoman Warns

Rep. Yvette Herrell (R-NM) said the Biden administration is doing everything to reverse the policies of the Trump administration, and trying to upend the country, including waging a war against America’s fossil fuel industry, whose technology allows it to provide cleaner and less-expensive energy than most other nations. “It feels…

Only 13% of Americans Believe Democrats’ $369B Climate Spending Will Reduce Inflation, Poll Shows

Only 13 percent of Americans believe that the Democrats’ $369 billion "Inflation Reduction Act" (IRA) will actually help lower inflation across the country, according to a new poll. The poll, from The Economist/YouGov, found that voters from across the political spectrum don't believe the massive spending bill will help the…

Boston Children’s Hospital Complains about ‘Misinformation’ after Promoting ‘Gender-Affirming’ Surgeries

A Boston children's hospital has accused its critics of spreading misinformation following a backlash over its promotion of "gender-affirming" surgeries for minors. Boston Children’s Hospital (BCH) quietly updated its policies on such proceedures after a backlash over a widely accessible video series promoting transgender treatments. BCH updated its website to…