The Chinese Communist Party’s central bank has announced it will cut the amount of cash that banks must hold in reserve, according to reports. The move will unlock $188 billion in long-term liquidity to shore up slowing economic growth. The People’s Bank of China (PBOC) said on its website on Dec. 6 that it would lower … Read more
The Chinese Communist Party (CCP) is launching a rare earth metal company as it seeks to extend China’s global dominance in mining. The CCP has approved the creation of the “China Rare Earth Group” that will oversee the nation’s processing of key resources. The government corporation could launch by the end of the year, according … Read more
President Donald Trump has announced a staggering $1 billion of investment in his new social media company that’s expected to take on Big Tech in 2022. Trump’s new company, Trump Media & Technology Group Corp. (TMTG), announced it has received a commitment of $1B from an unidentified “diverse group of institutional investors.” TMTG’s partner, Digital … Read more
The North Carolina Senate has passed a bill that seeks to ban private funding of state and county election boards. The push for Senate Bill 724, also known as “Zuck Bucks,” came from what some have described as a record amount of private funds flooding into the 2020 election. If the bill is not signed … Read more
Democrat President Joe Biden’s Treasury Secretary Janet Yellen has warned that policymakers must stop using the term “transitory” when describing high levels of inflation. However, “transitory inflation” is a position that many investors have been holding for several months. The Department of Labor’s most recent inflation data indicates that consumer prices are rising at a 6.2% clip. … Read more
Employers in the United States only added a paltry 210,000 jobs in November, sharply below consensus forecasts of 550,000. The number is more than half as many as in October. The underwhelming job creation numbers triggered Wall Street stock futures to shoot up, as investors bet it would ease pressure on the Fed to accelerate … Read more
Chinese workers in the United States have been ordered by China’s ruling Communist Party to maintain “political purity,” leaked documents have revealed. The international arm of the Chinese regime’s state broadcaster ordered some of its contracted American workers to distance themselves from persecuted faith group Falun Gong, an internal document supplied to The Epoch Times … Read more
U.S. consumer confidence has been driven down to a nine-month low in November due inflation concerns and, to a lesser extent, lingering worries about the pandemic, according to The Conference Board. In November, The Conference Board’s consumer confidence index fell to a reading of 109.5, down from 111.6 in October, according to a Nov. 30 … Read more
An American biotechnology company is devloping a version of its COVID-19 vaccine that specifically targets the newly identified variant of the virus – Omicron. Maryland-based Novavax has already started developing the version, with plans to start testing it next month. The updated formulation revolves around a new spike protein, which triggers a response from the … Read more
The Biden’s adminstration’s Department of the Interior (DOI) is calling for higher fees to be imnplemented for both onshore and offshore oil and gas companies. A new DOI report on oil and gas leasing in federal lands and waters advises the DOI’s Bureau of Land Management (BLM) to raise royalties, rental rates, and other fees … Read more