Wells Fargo CEO Warns Worst Is Yet to Come for Americans: ‘No Question’
The CEO of Wells Fargo Charles Scharf has warned that there’s “no question” that life is going to get far harder for many Americans before it gets better.
Economy
White House Makes Worrying Admission about Stock Market
White House Press Secretary Karine Jean-Pierre has admitted that President Joe Biden’s administration is not monitoring the stock market on a regular basis.
Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.
Elon Musk: Twitter Deal ‘Cannot Move Forward’ until Bot Data Confirmed
Elon Musk has warned Twitter that his deal to buy the company “cannot move forward” until the data on bots and fake accounts has been confirmed.
Rep. Johnson: Biden Must Stop Foreign Energy Reliance & ‘Reckless Spending’ to Reduce Inflation
Rep. Bill Johnson (R-OH) has warned Democrat President Joe Biden that his administration needs to end reliance on foreign nations for energy and reverse its course of “reckless spending” if inflation is going to go down.
India Bans Wheat Exports over Concerns of Food Security
India has banned almost all exports of wheat after expressing concerns over food security, according to reports.
Japan Bans Exports of High-Tech Goods to Russia
Japan said Friday that it will ban exports of cutting-edge goods to Russia as additional sanctions against Moscow over its invasion of Ukraine.
Elon Musk Says Twitter Deal ‘on Hold’ over Spam Bots
Tech entrepreneur Elon Musk said today that his deal to buy Twitter is “temporarily on hold” over data reports concerning “spam bots” on the platform.
Court Reinstates Texas Law Protecting Free Speech on Social Media Platforms
A court has reinstated a Texas law that allows state officials to bar social media platforms from censoring users based on their political views, according to reports.
Jack Dorsey Agrees with Elon Musk on Trump’s Twitter Ban
Twitter co-founder and former CEO Jack Dorsey said he backs Elon Musk’s plan to reinstate former President Donald Trump’s account when he takes control of the platform.