Economy Archives - Page 49 of 58

Melania Trump Announces ‘Exclusive Communications’ Deal with Parler

Former First Lady Melania Trump announced that she has inked a new deal for "exclusive communications" with the social media platform Parler. She plans to make Parler her “social media home,” the company said today. Melania already has a relationship with Parler as the platform is currently powering her blockchain…

Pelosi: Congress Should ‘Tighten the Fines’ on Violators of Stock Trading Act

Democrat House Speaker Nancy Pelosi (D-CA) has claimed she supports calls to "tighten the fines" and increase restrictions on members of Congress trading stocks. “We have to tighten the fines on those who violate the STOCK Act,” Pelosi, a seasoned "insider" trader told reporters in Washington during a press conference.…

Russia to Officially Treat Bitcoin as Currency

The Russian government and central bank have agreed to treat Bitcoin and other cryptocurrency assets as official forms of currency, according to reports. A new announcement from the Kremlin confirms that Russia’s government and central bank are now working on a draft law that will define cryptocurrencies as an “analog…

Meta Threatens to Shut Down Facebook & Instagram in Europe over EU Data Dispute

Facebook's parent company Meta has threatened to shut down its most popular platforms in Europe over a data-processing dispute with the European Union. Meta says it will close down Facebook and Instagram's service in Europe if it is not able to transfer, store and process data on its US-based servers. The threat…

Tyson Foods Beats Forecasts, Reports Higher-than-Expected Profits

American meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday, according to reports. The company beat forecasts after reporting higher-than-expected fiscal first-quarter profits. The firm said the profits were boosted by higher consumer prices amid the broader inflationary environment. Tyson Foods, the…

US Heating Oil & Diesel Supplies Diminish as Demand Rises

As demand for diesel and heating oil continues to rise across the United States, supplies are diminishing. Refiners are struggling to replenish the domestic fuel supply this winter. The short supply of the fuels is now prompting fears that oil prices may remain elevated for months. On Feb. 4, heating…

European Central Bank Keeps Interest Rates Steady despite Record High Inflation

The European Central Bank (ECB) is keeping interest rates steady despite inflation hitting record highs. The ECB announced it’s holding its key interest rate at around the zero bound. It is also maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a…

Bitcoin Will Break above $40,000 by Monday, Crypto Analyst Predicts

Bitcoin will finally break out and return back above $40,000 before Monday, a leading cryptocurrency analyst is predicting. Crypto trader Justin Bennett says Bitcoin looks poised to rally above $40k after sinking to $33,500 on Jan. 24. “If Bitcoin can break above these highs, right around $37,500, if we do…

Americans Far More Concerned about Inflation than Covid, Poll Shows

Americans are far more worried about inflation over the Covid pandemic as a top economic concern for 2022, a new poll has revealed. Inflation has overtaken Covid fears already this year, according to the latest edition of the Argyle-Leger Confidence Report. While many Americans fear that the pandemic will continue…

Biden to Meet Qatar Leader to Discuss Boosting Gas Supplies to Europe

Democrat President Joe Biden is to meet with the leader of Qatar to discuss boosting gas supplies to Europe as tensions escalate between Russia and Ukraine. Biden is hosting Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, at the White House on Jan. 31 for the discussions. The discussions are expected…