Economy Archives - Page 42 of 58

Chinese Communist Party Pressures Local Officials to Shut Down Shen Yun Performances in Mexico

The Chinese Communist Party (CCP) is pressuring local officials to shut down Shen Yun performances in Mexico, according to reports. China's communist government is seeking to block the performances by ramping up pressure via local Chinese embassies. A New York-based performing arts company on a mission to revive traditional Chinese…

US Economy Adds 428,000 New Jobs in April, Beating Forecasts

America's economy added 428,000 jobs in April, beating previous employment forecasts, according to the Bureau of Labor Statistics (BLS). The figure tops the market forecast of 391,000 for the month, the latest figures show. The unemployment rate is unchanged at 3.6 percent, however. Average hourly earnings rose at an annualized…

Janet Yellen Admits Biden’s Spending ‘Did Feed’ Inflation

Treasury Secretary Janet Yellen has admitted that Democrat President Joe Biden’s $1.9 trillion American Rescue Plan "did" contribute to inflation. Speaking during a Wednesday interview with The Wall Street Journal's editor-in-chief Matt Murray, the former head of the Federal Reserve conceded that the White House’s enormous spending had played a…

Producer Prices Soar to Record Highs in Eurozone as Stagflation Looms

Producer price inflation in the eurozone has soared to a record high in the year through March, according to a new report. The European Union’s statistical agency is reporting that consumers should expect prices to continue rising as inflation bites. The news delivers a fresh sign that inflationary pressures continue…

Federal Reserve Meeting in Focus as Sharp Rate Hike Expected to Fight Inflation

This week's two-day Federal Reserve policy meeting is a major focus point for investors, with markets expecting the central bank to press ahead with a sharp rate hike in an effort to relieve surging inflationary pressures. The Federal Open Market Committee (FOMC) is also expected formally announce the launch of…

Biden Blames ‘Technical Factors’ for GDP Miss and Recession Concerns

President Joe Biden got some bad news today when the GDP numbers came in and shocked everyone by showing a decline. A stalling economy with rising inflation always spells doom for the governing party. Mitch McConnell said: “The economy actually shrank 1.4% over the last three months. No longer are…

US Economy Abruptly Shrinks as Biden’s Policies Threaten USA with Stagflation

The U.S. economy unexpectedly contracted in the first three months of 2022 according to the Burea of Economic Analysis. They said Gross Domestic Product decreased at an annual rate of 1.4 percent in the first quarter of 2022. Economists had expected the economy to grow 1.1 percent. This is terrible…

Five ‘Woke’ Companies that Profit from Chinese Slave Labor

An increasing number of American corporations are going "woke" and lecturing the public about how they must become more "socially conscious." Environmental, Social, and Governance (ESG) criteria have become a rising trend in corporate America. ESG is “a set of standards for a company’s operations that socially conscious investors use…

J&J Suspends Sales Forecast for COVID Vaccine, Cites Uncertainty in Global Demand

Pharmaceutical giant Johnson & Johnson has suspended all sales forecasts for its COVID-19 vaccine as demand for the shots is plummeting. The company cited a global supply surplus and uncertainty when it comes to future demand for the vaccine. J&J had previously predicted as much as $3.5 billion in 2022…

China’s Economy Weakens in March as ‘Zero-COVID’ Lockdowns Bite

Amid crippling "Zero-COVID" lockdowns in China, the Chinese economy showed significant signs of weakening in March. China’s economy saw a contraction in both domestic consumption and factories activities, official data shows. The figures come after Beijing’s sweeping COVID-19 lockdowns take their toll across the country. China's financial hub Shanghai has…