Economy Archives - Page 21 of 21

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…

Communist China Extends Global Mining Dominance, Begins Processing Key Resources

The Chinese Communist Party (CCP) is launching a rare earth metal company as it seeks to extend China's global dominance in mining. The CCP has approved the creation of the “China Rare Earth Group” that will oversee the nation's processing of key resources. The government corporation could launch by the…

Janet Yellen: Inflation Should Not Be Labeled ‘Transitory’

Democrat President Joe Biden's Treasury Secretary Janet Yellen has warned that policymakers must stop using the term “transitory” when describing high levels of inflation. However, "transitory inflation" is a position that many investors have been holding for several months. The Department of Labor's most recent inflation data indicates that consumer prices are…