Economy Archives - Page 20 of 21

Tyson Foods Beats Forecasts, Reports Higher-than-Expected Profits

American meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday, according to reports. The company beat forecasts after reporting higher-than-expected fiscal first-quarter profits. The firm said the profits were boosted by higher consumer prices amid the broader inflationary environment. Tyson Foods, the…

Americans Far More Concerned about Inflation than Covid, Poll Shows

Americans are far more worried about inflation over the Covid pandemic as a top economic concern for 2022, a new poll has revealed. Inflation has overtaken Covid fears already this year, according to the latest edition of the Argyle-Leger Confidence Report. While many Americans fear that the pandemic will continue…

Federal Judge Blocks Gulf of Mexico Drilling Lease Sales over Flawed Impact Analysis

A U.S. federal judge has blocked the sale of oil and gas drilling leases for the Gulf of Mexico after ruling that environmental impact analysis is flawed. The ruling prohibits the sale of drilling leases across 80 million acres of the Gulf of Mexico. The judge determine that the environmental…

US and UK in Talks to Resolve Dispute over Steel and Aluminum Tariffs

Officials from the United States and the United Kingdom have entered into joint talks in an effort to resolve the trade dispute over tariffs on U.S. steel and aluminum. Representatives agreed to resolve the dispute in a joint virtual conference beginning on Jan. 20. American representatives are keen on removing…

Rand Paul Releases Disturbing New Report on Soaring Inflation: ‘It’s Only Going to Get Worse’

Republican Sen. Rand Paul (R-KY) has released a troubling new report on the record levels of inflation in President Joe Biden's economy and its impact on the American people. Senator Paul published his report — “The Hidden Tax” — on Tuesday, revealing how soaring inflation is hurting low and middle-income…

Weekly Unemployment Claims Soar, Indicating Omicron Hit to Jobs Recovery

The number of weekly unemployment claims for American workers has spiked, indicating that the recent Omicron surge has hit the U.S. jobs recovery hard. In the first week of the year, the number of U.S. workers filing weekly jobless claims—a proxy for layoffs—rose by 23,000 from the prior week. The…

Newt Gingrich: ‘Every Visit to the Gas Station Hurts the Democrats’

Republican Former Speaker of the House Newt Gingrich has warned the Democrats that their focus on Jan. 6 will backfire as Americans are left footing the bill for Joe Biden's crumbling economy. As Gingrich notes, while voters suffer as the cost of everyday goods increases, "every visit to the gas…

Kamala Harris Struggles to Answer Simple Question on Economy

A new clip from an interview Kamala Harris gave CBS is raising concerns among voters as the Democrat vice president struggles to answer a softball question about the economy. A video of the interview has gone viral on social media as it raises question about how unprepared Harris is. Briahna…

Biden Warns of ‘Rate Hikes’ & ‘More Pain’ If ‘We Don’t Pass Build Back Better’

Democrat President Joe Biden has warned Americans they could be facing "interest rate hikes" and "more pain" unless Congress passes his massive "Build Back Better" spending plan. Biden issued the warning during an interview aired on Wednesday’s edition of ABC’s “World News Tonight.” Speaking with host David Muir, Biden stated…

Retail Sales Plummet as Inflation Bites, Stores Run Low on Goods

Retail sales are plummeting in the run-up to Christmas as stores struggle with supply chain issues and shoppers feel the bite of skyrocketing inflation. The slow-down was revealed in a recent report from the U.S. Census Bureau, which is part of the U.S. Department of Commerce. The report shows a…