Economy Archives - Page 33 of 58

Inflation Forces 45% of Americans to Cut Groceries Spending, Poll Shows

The squeeze from inflation in the United States is forcing a huge percentage of Americans to cut back on their spending on groceries, according to a new poll. A recent survey from Suffolk University/USA TODAY (pdf) reveals that 45.3 percent of Americans have had to cut back their spending on…

World’s Largest Chemical Company to Cut Key Fertilizer Ingredient Production

The world’s largest chemical company, Germany’s BASF, is set to further cut production of key fertilizer ingredient ammonia. BASF cited energy shortages for the reduction. The move comes as the farming industry is already battling with shortages of fertilizer, water, and other essentials amid soaring gas prices. “We are reducing…

New Social Media Platform Seeks to Create Family Friendly Digital Town Square

A new social media platform has launched that seeks to fill a gap in the market by being family-friendly. Imagine an information platform free of political censorship and of degenerate content, like violence, drugs, and pornography. Enter, Ganjing World. Founded with the goal to provide a new form of clean…

Janet Yellen Denies US Economy Is in Recession despite Recessionary GDP Numbers

Treasury Secretary Janet Yellen has doubled down on the Biden administration’s view that America’s economy has not, in fact, fallen into a recession, despite the White House's own economic data proving otherwise. On Thursday, the Bureau of Economic Analysis (BEA) released data showing the U.S. economy met the rule-of-thumb definition…

Republican Lawmakers Criticize the Democrats’ ‘Inflation Reduction’ Spending Package

Republican lawmakers have fired back at the Democrats' "inflation reduction" spending package after Sen. Joe Manchin (D-WV) and Chuck Schumer (D-NY) finally reached a deal on President Biden's "Build Back Better" agenda. Manchin and Schumer announced late on Wednesday that a deal has been reached over a spending package they…

Former CNN Anchor Chris Cuomo Announces New Job at Small Cable Network

Disgraced former CNN anchor Chris Cuomo is joining a small called news network called NewsNation. Cuomo announced he will be returning to primetime news during a Tuesday interview on his new Nexstar Media Inc.-owned network. The host was fired by CNN in December 2021 over a sexual misconduct scandal and…

Biden: ‘We’re Not Going to Be in a Recession’

Democrat President Joe Biden is insisting that the United States is not slipping into an economic recession. Biden was promoting a view that is being pushed strongly by the White House ahead of the soon-to-be-released Q2 GDP numbers. “We’re not going to be in a recession, in my view,” Biden…

Wheat Prices Soar Again after Russian Missiles Strike Odesa Following Grain Deal

Wheat prices have skyrocketed again on Monday, shortly after Russian forces struck the southern Ukrainian port of Odesa. The prices had finally fallen to pre-war levels late last week after Russia and Ukraine agreed on a deal to release the exports of wheat. Chicago wheat futures surged as much as 4.6…

Americans Likely to Be Tracked for CO2 Emissions under New SEC Climate Rule, Consumers’ Research Warns

A consumer rights group has warned that Americans' CO2 emissions data will likely be collected and reported to the government in the near future. Consumers’ Research has revealed that a new rule proposed by the U.S. Securities and Exchange Commission (SEC) would lay the groundwork for doing so. On March…

U.S Economy Crashes into Contraction for First Time Since 2020

The United States economy has suffered a major downturn in July, crashing into contraction for the first time since the impact of the pandemic hit in 2020. The downturn has been led by a crash in service sector activity and a decline in manufacturing production. The plummet was revealed in…