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.
Economy
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.
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.
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.
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.
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.
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.
Tesla Considering New Lithium Refinery in Texas
Tesla is considering setting up a lithium refinery on the Texas Gulf Coast, according to reports.
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.
Fed May Require 7.5 Percent Unemployment to Lower Inflation
The U.S. Federal Reserve may require the American unemployment rate to rise to almost double its current level in order to control high inflation, a new report has suggested.