Economy Archives - Page 13 of 21

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…

Kashkari: Fed ‘Far, Far Away’ from Beating Inflation despite White House Victory Lap

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, has warned that the Central Bank is “far, far away from” beating inflation, despite the recent victory laps from the White House. Kashkari was responding to the Biden administration recently praising “zero percent” inflation in July, which prompted some…

Number of Homes for Sale Across US Soars

The number of homes listed for sale across the United States has soared to a record high in July, according to reports. A new report published by Realtor.com on Tuesday signals that higher mortgage rates and soaring prices are decreasing consumer demand for housing. The growing number of homes for…

China Locks Down World’s Largest Wholesale Port, Threatening Global Supply Chain Disruption

The Chinese Communist Party (CCP) has locked down the port of Yiwu City in East China, the world's largest wholesale hub, according to reports. China placed Yiwu, a city of 1.85 million people, under lockdown in response to a new outbreak of COVID-19. Meanwhile, the CCP has also placed the…

The Story Behind Federal Government’s July Jobs Report

Democrat President Joe Biden is celebrating the better-than-expected July jobs report, calling it “the result of my economic plan to build the economy from the bottom up and middle out.” The White House had initially anticipated a lower figure ahead of the report's Friday release. However, the Biden administration…