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.
Economy
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.
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.
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.
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.
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.”
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.
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.
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.
US Economy Slowing Due to Persistent Inflation, Supply Woes, OECD Warns
The United States economy is slowing down due to persistent inflation and ongoing supply chain issues, the Organization for Economic Cooperation and Development (OECD) has warned.