Business Archives - Page 44 of 45

Trump Announces $1 Billion ‘PIPE’ Investment in New Media And Technology Group

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…

NC Senate Passes ‘Zuck Bucks’ Bill to End Private Donations to Local Election Boards

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…

Janet Yellen: Inflation Should Not Be Labeled ‘Transitory’

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…

US Employers Only Added 210k Jobs in November, Less Than Half of Estimates

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…

Chinese Communist Party Orders US Workers to Maintain ‘Political Purity,’ Leaked Document Shows

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…

US Consumer Confidence Hits New Lows amid Inflation Worries: Conference Board

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,…

American Company Developing Vaccine That Targets New Omicron COVID-19 Variant

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…

DOI Pushes for Higher Fees for Oil and Gas Companies

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,…

Retailers Under Mounting Pressure as ‘Organized Looting’ Eats Into Profits

A rapidly growing number of U.S. retailers are raising the alarm on organized looting that is eating into the profits of many major urban markets across the country. Consumer electronics retail giant Best Buy is reporting decent third-quarter earnings (pdf), topping market estimates. The company found more Americans upgraded their…

Amazon Employees Planning Global Black Friday Protests, Release Set of Demands for Company

On this year's Black Friday, November 26, Amazon employees around the world will be holding a strike against the company to demand fair pay for workers, among other things. Black Friday is one of the busiest shopping days of the year and will surely hit the company hard. A coalition of…