Economy Archives - Page 5 of 58

Mexico Overtakes China as America’s New Manufacturing Base

As U.S. relations with China have fractured over the years, Mexico has emerged as the new manufacturing base for America. Doing business overseas has become increasingly more expensive. Due to the rising costs, experts believe that Mexico has now overtaken China to become the top manufacturer for American companies. At…

Tyson Foods Closes Multiple Chicken Processing Plants as Costs Soar

Tyson Foods Inc. is closing multiple chicken processing plants as the company scrambles to downsize amid soaring costs. The company said Monday that four plants are being closed. The closing plants are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri; and Noel, Missouri. In a statement about the…

Wall Street Overrules Biden Admin as Fitch Downgrades US Credit Rating

Democrat President Joe Biden's "Bidenomics" just dealt a huge blow to the American people as a major credit ratings agency issued a downgrade for the United States. Ratings agency Fitch downgraded the U.S. government’s top credit rating to AA+ from AAA. The move comes in response to an expected fiscal…

How BlackRock Triggered the Global Energy Crisis

In recent years, governments around the world have been pushing radical policies that have fueled a global energy crisis. It would be easy to assume that the decisions that have triggered soaring energy prices are just plain incompetence. However, the global energy crisis conveniently falls into line with the long-planned…

IMF Suggests Countries Will Be Able to Use Chinese Yuan for Debt Repayment

The International Monetary Fund (IMF) has suggested that it may accept the Chinese Yuan as a currency for countries to pay their debts. The hint at changing the currency for settling obligations with the IMF comes following Argentina’s recent debt repayment in yuan. IMF spokesperson Julie Kozack confirmed on Thursday…

New York to Charge Drivers to Enter Lower Manhattan in 2024

New York City will soon begin charging drivers to enter Manhattan to "help reduce congestion" and "improve air quality." The move marks a win for environmental activists but raises concerns over the impact on business owners, including taxi drivers. Announcing the news in a press release, New York's Democrat Governor…

BlackRock Starts Advising Clients to Move Investments to Gold

Larry Fink's American multinational investment management corporation BlackRock has started advising its clients to move their investments into gold, sending investors around the world scrambling to shift their assets. Has hell frozen over? It must have because one of the chief architects behind efforts to build a "woke" hell on…

Biden’s Green Rules Will Cause Home Appliance Costs to Soar, Experts Warn

Experts are warning that President Joe Biden's green rules are going to cause the prices of everyday household appliances to soar. However, tighter restrictions on home appliances mean they will also do less. In December 2022, the Biden administration made a pledge to take “more than 100 actions” to impose…

ESG Advocates Warn Anti-Woke Movement Is Creating ‘Concerns and Challenges’

Advocates for environmental, social, and corporate governance (ESG) investing are warning that the Republican-led anti-woke movement is disrupting their efforts. ESG investing came under heavy fire during a major environmental conference on Tuesday. Proponents of the ESG movement remain defiant, however. Witold Henisz, a vice dean and faculty director of…

AUKUS Partners Announce Major Global Breakthrough in AI Technology for Surveillance Drones

The partners in the trilateral security pact between Australia, the United Kingdom, and the United States (AUKUS) have announced a major global breakthrough in artificial intelligence (AI) technology. The AUKUS coalition revealed the first live retraining of autonomous AI systems used for surveillance drone technology. AUKUS said that during a…