Janet Yellen Admits Biden’s Spending ‘Did Feed’ Inflation
Treasury Secretary Janet Yellen has admitted that President Joe Biden’s $1.9 trillion American Rescue Plan “did” contribute to inflation.
Business
Producer Prices Soar to Record Highs in Eurozone as Stagflation Looms
Producer price inflation in the eurozone has soared to a record high in the year through March, according to a new report.
Federal Reserve Meeting in Focus as Sharp Rate Hike Expected to Fight Inflation
This week’s two-day Federal Reserve policy meeting is a major focus point for investors, with markets expecting the central bank to press ahead with a sharp rate hike in an effort to relieve surging inflationary pressures.
J&J Suspends Sales Forecast for COVID Vaccine, Cites Uncertainty in Global Demand
Pharmaceutical giant Johnson & Johnson has suspended its sales forecasts for its COVID-19 vaccine as demand for the shots is plummeting.
China’s Economy Weakens in March as ‘Zero-COVID’ Lockdowns Bite
Amid crippling “Zero-COVID” lockdowns in China, the Chinese economy showed significant signs of weakening in March.
Elon Musk ‘Very Vulnerable to Blackmail of Chinese Communist Party,’ Ex-Trump Adviser Peter Navarro Claims
Former Trump White House trade adviser Peter Navarro has claimed that Elon Musk is “very vulnerable to the blackmail of the Chinese Communist Party.”
Elon Musk Warns Censorship on Twitter Poses ‘Civilizational Risk’
Tech entrepreneur Elon Musk has issued a warning about the threat that censorship on Twitter and other platforms poses to civilization. Musk said Thursday that the reason he’s trying to buy Twitter is not to make money but to turn it into a bastion of free speech. He said that by restoring free speech online, … Read more
Pfizer Requests US Regulators to Authorize COVID Vaccine Booster Shots for 5– to 11-Year-Old Children
Pfizer and BioNTech are putting in requests to the U.S. Food and Drug Administration (FDA) seeking emergency use authorization to give their COVID-19 booster shots to young children.
Putin’s Price Hike? Biden Admin Policies Behind 8.5 Percent Inflation, Experts Say
While the White House is trying to convince the American people that Russian President Vladimir Putin is responsible for the past year of soaring inflation, experts are warning that the policies of Democrats and the Biden administration are driving the skyrocketing rates.
East African Countries Facing Major Food Shortages Due to Drought, Ukraine Invasion
More than 29 million people are suffering from a scarcity of food supplies, according to the eight-country African trade bloc the Intergovernmental Authority on Development (IGAD), following prolonged periods of drought in the east of the continent that have been exacerbated by the ongoing war in Ukraine.