Economy Archives - Page 12 of 21

British PM Truss: Tax Cuts Benefit Everyone by Making UK Economy More Competitive

British Prime Minister Liz Truss has declared that her tax-cutting plans will make the UK economy stronger. While speaking to reporters from the Empire State Building in New York on Tuesday, Truss said the tax cuts will more the country more successful and benefit the population in general. Truss confirmed…

FedEx Anticipates ‘Worldwide Recession,’ Announces Store Closures

FedEx has sounded the alarm on a global recession and revealed that it will be closing multiple stores amid “significantly worsened” economic trends. The company's CEO Raj Subramaniam made the comment during an interview with CNBC’s Jim Cramer on Thursday. He was asked by Cramer if he believed the economy…

Feds ‘Added’ 1.3 Million Jobs by Double-Counting This Year, Top Economist Says

The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated. Throughout this year, the monthly jobs reports have been repeatedly topping market estimates. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively. The…

Janet Yellen: America Needs ‘Some Good Luck’ to Avoid Hard-Landing into Recession

Democrat President Joe Biden's Treasury Secretary Janet Yellen has stated that America needs "some good luck" if the economy is to avoid hard-landing into a recession. Speaking during an interview with CNN on Sunday, Yellen failed to inspire confidence that the Federal Reserve is going to steer the United States…

How to Invest Money during a Recession

With the United States currently being gripped by a recession, many are wondering how they can still invest their money amid the economic downturn. The American economy fell into a technical recession following back-to-back quarters of negative GDP growth in the first half of 2022. The negative growth has come…

Just 1% of Americans Describe Biden’s Economy as ‘Excellent’ Ahead of Midterms, Poll Shows

Just 1 percent of American voters describe the economy under Democrat President Joe Biden as “excellent,” a new poll has revealed. While 1% of registered U.S. voters said the economy is "excellent," the figure dropped to zero when the survey took into account the opinion of all adult Americans. The…

Fed’s Powell Warns of Economic Pain: Inflation Fight Will Last ‘Some Time’

Federal Reserve Chairman Jerome Powell has warned Americans to brace for a long period of economic pain, revealing that he expects the fight against inflation will last "for some time." The Federal Reserve will use its tools “forcefully” to attack the 40-year high level of inflation by continuing to tighten…

Obama’s Top Economist Scolds ‘Worse Than Reckless’ Biden: ‘Pouring Gasoline on Inflationary Fire’

A one-time chief economist to former President Barack Obama has blasted Joe Biden's student loan forgiveness plan as "worse than reckless." Jason Furman scolded Biden over the move, warning that the Democrat president is "pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning." As…

Bank of America CEO Issues Warning about Biden’s Recession Rhetoric

Bank of America CEO Brian Moynihan has slammed Democrat President Joe Biden's economic rhetoric and issued a warning about his administration's attempts to twist the definition of a recession. The Biden administration repeatedly downplayed the definition ahead of an economic report that showed the United States experienced two consecutive quarters…

Five Chinese Communist Party-Owned Firms to Delist from U.S Stock Exchanges

Several of China’s largest Chinese Communist Party-owned companies have announced plans to delist from U.S. stock exchanges. The move comes after the Securities and Exchange Commission (SEC) warned that hundreds of Chinese firms were at risk of getting banned for possible non-compliance with audit rules. In separate filings on the…