Business Archives - Page 2 of 45

Biden Threatens to Raise Debt Ceiling Using 14th Amendment without GOP Support

President Joe Biden has claimed that he can use the 14th Amendment to raise the debt ceiling if Republicans refuse to agree to the plan. Biden made the threat during a Sunday press conference at the Group of Seven (G-7) summit in Hiroshima, Japan. “I’m looking at the 14th Amendment…

Republicans and Democrats Unite to Keep Big Bankers off Federal Reserve Boards

Two opposing U.S. senators have joined forces in a bipartisan effort to keep the presence of big banks away from Federal Reserve boards of directors. Sens. Elizabeth Warren (D-MA) and Rick Scott (R-FL) have proposed a bipartisan bill to keep big bankers off the boards of regional Federal Reserve banks.…

Business Index Exposes Corporations Threatening Free Speech and Religious Freedoms

Several major corporations have been exposed for their support of suppressing the free speech and religious freedoms of the American people. Many companies celebrate "transparency" when it comes to "woke" issues such as diversity, gender identity, and "climate change." However, they often remain silent on issues like free speech and…

Biden’s Top Economic Advisor Admits Biggest Fear Among U.S Business Leaders Is ‘Catastrophic’ Debt Default

One of President Joe Biden's top economic advisors has admitted that American business leaders are becoming increasingly fearful that the federal government will default on the U.S. national debt. Lael Brainard, director of the White House National Economic Council, said Sunday that U.S. business leaders’ chief concern is the looming…

Big Banks Hits with Huge FDIC Fees Hike amid Banking Crisis

America's biggest banks are being hit with huge hikes in Federal Deposit Insurance Corporation (FDIC) after several recent banking failures. The FDIC said big banks will bear billions of dollars in extra fees to replenish a deposit insurance fund used to bail out banks in March. The recent collapse of…

Tech Companies Announce Major Layoffs amid Mounting Economic Fears

Large tech companies are continuing to gut their workforces as economic fears mount. The mass layoffs that started late last year have continued into 2023. Major firms are announcing mass layoffs due to recession fears and economic slowdowns. So far this year, the number of tech layoffs globally has exceeded…

Regional Bank Stocks Rebound as Jobs Report Beats Forecasts

A government jobs report has provided some positive economic news amid the banking crisis, causing regional bank stocks to rebound sharply. Regional bank shares rallied premarket and extended those gains in early trading Friday. The spike comes after a bruising session on Thursday. The turnaround came as a government jobs…

Ex-Fed President Kaplan Warns Banking Crisis Is ‘More Serious’ Than Public Knows

Former Federal Reserve Bank of Dallas President Robert Kaplan has warned that the mounting banking crisis is "more serious" than the American public realizes. Kaplan says the situation is direr than commonly believed and he's calling the central bank to pause its rate hiking cycle. In an interview on Bloomberg…

Pfizer Reports Massive Drop in Revenue as Covid Vaccine Sales Crash

Pharmaceutical giant Pfizer has just revealed that its revenue dropped dramatically in the first quarter of 2023. The drop is primarily due to COVID-19 vaccine sales plummeting. The company reported $18.3 billion in revenue. The figure is a significant drop from the $25.6 billion the company raked in during the…

JPMorgan Buys First Republic Bank after Regulators Seize Control

JPMorgan Chase is buying First Republic Bank after the beleaguered institution was seized by the Federal Deposit Insurance Corporation (FDIC). As Slay News reported, First Republic collapsed late last week, marking the third significant implosion in under two months. Regulators stepped in after the First Republic's shares plunged further to…