Economy Archives - Page 15 of 21

Trump Reveals What Inflation Would Be like If He Were Still President

President Donald Trump has declared that the Biden administration's decades-high inflation would have never happened on his watch. Trump discussed the economy in his Fourth of July message as many American households are battered by soaring everyday costs. In a post on his Truth Social platform, Trump wished his 3.4…

Large Chicken Processing Plant Shuts Down Suddenly amid Soaring Costs, Widespread Shortages

A large Tennessee chicken processing plant has shut down suddenly, citing soaring costs amid record-high inflation. George’s Inc., one of the nation’s largest vertically integrated chicken producers, is closing down one of its plants in Campbell County. The news came as a shock to employees and locals, with around 200…

Consumer Confidence Hits Record Low as Americans Become Deeply Pessimistic about Economy

Americans have never been this pessimistic about the economy, with consumer confidence now hitting record lows, according to new data. As soaring inflation erodes household purchasing power and threatens a cost-of-living crisis, the University of Michigan's consumer confidence index has plunged to a record low. In May, the Michigan consumer…

45 Housing Markets Have ‘Probability of Price Decline,’ Research Firm Warns

Several housing markets across the United States have the "probability of a price decline" over the next year, a research firm is warning. According to data by researchers at CoreLogic, prices are poised to fall in 45 of the 392 U.S. housing markets that the firm analyzed. The news comes…

FedEx to Start Taking Photos of Packages on Doorsteps for Proof of Delivery

Courier company FedEx will begin taking photographs of packages on doorsteps across North America to provide proof of delivery. The move makes the company the first nationwide carrier to do so in the United States and Canada. Announcing in a Wednesday press release, FedEx said the new protocol is part…

Germany’s Producer Price Soars to Record High as Inflation Raises Production Costs

Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof. The latest figures suggest households in Europe’s biggest economy should brace for even higher consumer price inflation. At least a portion of higher business costs tends to…

Ex-Obama Economic Advisor Larry Summers Warns ‘Recession Is Ahead’

Larry Summers, the former economic advisor and Treasury Secretary in Barack Obama's administration, has warned that Democrat President Joe Biden is leading America toward "a recession." Summers warns that previous periods of high inflation and unemployment, like the one we are currently in, have led to recessions within a “year…

Elise Stefanik Tells ‘Buck-Passing’ Biden to Do His Job: ‘America’s Shortages Resemble a Third World Nation’

Republican Rep. Elise Stefanik (R-NY) has called out Democrat President Joe Biden over his administration's "buck-passing" regarding America's shortages. As the American people battle soaring gas prices, food shortages, and a lack of baby formula, Stefanik warned that the United States under Biden is starting to look more like a…

Red Flag Flashes for Recession as Bellwether 2-10 Yield Curve Inverts

A red flag for recession was raised on Monday when the yield curve inverted on the bellwether 2-year/10-year U.S. The indicator is being seen as a sign that the U.S. economy is about to slide into a recessionary period. Treasury spread on expectations that the Federal Reserve might tighten monetary policy…

Biden Comes Clean on Inflation: ‘It’s Not Coming Down as Quickly as We Must See’

Democrat President Joe Biden has admitted that inflation "is not coming down as sharply and as quickly" as we need it to. After today’s stunning inflation numbers, there is no end in sight to the economic gloom. The Labor Department’s report hit Biden hard showing the consumer price index jumped…