Biden Admin Pulls Record Tax Haul after Boost from Corporate Profits, Meme Stocks
The Biden administration has pulled in a record tax haul so far this fiscal year, according to reports.
Economy
25 Million Ton Backlog of Grain Blocked from Leaving Ukraine, UN Food Agency Reveals
Almost 25 million tons of grain is stranded in Ukraine and unable to leave the war-torn country for export, according to a U.N. food agency official. The huge backlog of grain shipments is unable to be transported out of Ukraine due to “infrastructure challenges” and blocked ports in the Black Sea, the official revealed. The … Read more
Conservatives Should ‘Use Power’ in Fighting Big Tech Censorship and Woke Companies: Legal Expert
American conservatives should use institutional authority to punish companies, including Big Tech corporations, that go “too woke” and control “every major cultural institution in America,” said a legal expert during a panel discussion on Thursday.
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.
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).
Janet Yellen Admits Biden’s Spending ‘Did Feed’ Inflation
Treasury Secretary Janet Yellen has admitted that President Joe Biden’s $1.9 trillion American Rescue Plan “did” contribute to inflation.
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.
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.
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 Democrats just presiding over a … Read more
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 news for President Joe Biden … Read more