Business Archives - Page 31 of 37

Russia’s Ex-President: Gas Prices to More Than Double after Nord Stream 2 Freeze

Russia's former President Dmitry Medvedev has warned that gas prices will more than double after Germany announced a freeze on the Nord Stream 2 pipeline. Medvedev said Tuesday that he expects Europeans will soon face a mammoth rise in natural gas prices in response. Germany announced the freeze over Moscow’s…

Billionaire Carl Icahn Doubles Down on Campaign against McDonald’s over Pig Policy

Billionaire Carl Icahn has ramped up his campaign against McDonald’s over the fast-food giant's pig sourcing policy, which the activist investor says is obscene. McDonald’s sources pigs from suppliers who continue to keep pregnant sows in gestation crates. Icahn has nominated Maisie Ganzler, chief strategy, and brand officer at Bon…

Renault Production May Be Impacted by Supply Chain Issues in Russia

French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia. The company is concerned about the stability of its supply chains in Russia amid rising tensions between the country and Ukraine. Should a conflict break out, it will have repercussions for…

Biden’s $15 Minimum Wage for Federal Contractors Partly Blocked by 10th Circuit

Democrat President Joe Biden's order to force a $15 per hour minimum wage for federal contract workers has been partly blocked by the U.S. Court of Appeals for the 10th Circuit. The court partially stayed the enforcement of Biden’s executive order that requires that all federal contractors be paid a…

GOP Boycotts Biden’s Federal Reserve Nominees, Fate Now Unclear

Senate Republicans have boycotted a vote on Democrat President Joe Biden’s nominees to fill vacant seats on the Federal Reserve Board. The GOP's opposition is coalescing around Sarah Bloom Raskin, the White House’s pick for the Fed’s vice chair for bank supervision. Bloom Raskin is also the wife of former…

Federal Judge Blocks Biden’s Key Executive Order on Climate Change

A federal judge has blocked a key executive order on climate change that was signed by Democrat President Joe Biden on his first day in office last year. U.S. District Judge James Cain blocked Biden’s January 2021 climate initiative that would factor in an alleged “social cost” for emissions of…

Cost of Buying a Home Soars as Supply Hits Record Low Levels

The cost of buying a home in America has soared to new highs as the supply levels have hit new lows. The number of mortgage applications from prospective homebuyers has dropped significantly for the week ending Feb. 4. The number of refinancing applications has also dropped off following the rise…

European Growth to Slow over Next Two Years as Inflation Pressures Persist

Economic growth in Europe is forecast to slow over the next two years as pressures from inflation persist. The European Commission has just released its Winter 2022 Economic Forecast for this year and the next, revealing a bleak outlook. Th report predicts a slower pace of growth when compared to…

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.…

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…