Economy Archives - Page 50 of 58

Federal Judge Blocks Gulf of Mexico Drilling Lease Sales over Flawed Impact Analysis

A U.S. federal judge has blocked the sale of oil and gas drilling leases for the Gulf of Mexico after ruling that environmental impact analysis is flawed. The ruling prohibits the sale of drilling leases across 80 million acres of the Gulf of Mexico. The judge determine that the environmental…

Lawmakers Grill NBC over Communist China’s Influence on Winter Olympics Coverage

Two Republican lawmakers are demanding to know whether NBCUniversal’s coverage of the 2022 Winter Olympics is being influenced by the Chinese Communist Party (CCP). Reps. Robert Latta (R-OH) and Cathy McMorris Rodgers (R-WA) wrote a letter (pdf) to NBCUniversal CEO Jeff Shell and President of Olympics and Business Gary Zenkel…

Wall Street Firms Turn Bearish on Stocks: ‘Winter Is Here’

More and more strategists and Wall Street firms are turning bearish on the financial markets as the sharp selloff in stocks continues. Stock market bears are claiming victory after anticipating a correction. Over the last week, the leading benchmark indexes have plummeted. On Monday, analysts at Morgan Stanley, including Michael…

Russia Not Banning Bitcoin: Finance Ministry Official Reveals Crypto Regulation Plan

An official in Russia's finance ministry has revealed that the Russian government does not plan to ban Bitcoin and cryptocurrencies, as reported last week. Despite previous remarks from Russia's central bank last week, the Russian director for financial policy could be softening its stance toward crypto. Ivan Chebeskov, a director…

Trump’s New Media Venture Outperforms All Other Special Purpose Acquisition Companies

President Donald Trump’s new media venture is currently outperforming all other special-purpose acquisition companies (SPACs), according to reports. Digital World Acquisition Corp (DWAC) is the SPAC used to take Trump Media & Technology Group (TMTG) public. It is outperforming all other SPACs with shares trading at $73.12 on Friday (currently…

Big Tech Bill Approved by Senate Panel despite Pushback from Silicon Valley

The U.S. Senate Judiciary Committee has voted to pass a major bill placing limits on Big Tech, despite pushback from Silicon Valley lobbyists. This week, the committee voted 16-6 to move forward with the bill that defies the powerful lobbyists of Silicon Valley. Top executives like Apple Chief Executive Tim…

US and UK in Talks to Resolve Dispute over Steel and Aluminum Tariffs

Officials from the United States and the United Kingdom have entered into joint talks in an effort to resolve the trade dispute over tariffs on U.S. steel and aluminum. Representatives agreed to resolve the dispute in a joint virtual conference beginning on Jan. 20. American representatives are keen on removing…

Russia Bans Bitcoin and All Cryptocurrencies

Russia's government is banning all Bitcoin and cryptocurrency use across the country, including transactions, mining, and circulation, according to reports. The plan was revealed on Thursday by Russia's central bank, citing threats to financial stability, citizens' wellbeing, and its monetary policy sovereignty. The Russian central bank argues that cryptocurrencies are…

Djokovic Owns 80% Stake in Biotech Company Developing Non-Vaccine Covid Treatment, Report Shows

Tennis star Novak Djokovic and his wife own an 80 percent stake in a biotech company that is developing a non-vaccine-based treatment for COVID-19, according to a new report. The Djokovics are the majority shareholders in a Danish biotech firm QuantBioRes, the company’s boss said on Wednesday. The Serbian native…

Rand Paul Releases Disturbing New Report on Soaring Inflation: ‘It’s Only Going to Get Worse’

Republican Sen. Rand Paul (R-KY) has released a troubling new report on the record levels of inflation in President Joe Biden's economy and its impact on the American people. Senator Paul published his report — “The Hidden Tax” — on Tuesday, revealing how soaring inflation is hurting low and middle-income…