NEWYou can now listen to Fox News articles! Fox Business contributor Phil Flynn said that this is the first time we’re going to more inefficient technologies to replace technologies that don’t work,” arguing that this is “bad economics” on Friday’s “Hannity.” Phil Flynn: Listen, this is the first time in the history of the world …
Biden energy policies promoting more ‘inefficient technologies’: Flynn Read More »
California’s embattled Employment Development Department says they have seen yet another wave of fraud attempts. This time, again, hitting infection claims.The department said that the latest fraud involved the use of paper and fax claims. EDD said 47,000 claims are potentially fraudulent, with a dollar amount they said could be as high as $560 million. …
California’s unemployment department faces another wave of fraud Read More »
Over two years into the pandemic and its recovery, we now face an entirely new set of facts in the macroeconomy as we face a cooling economy and possibly another recession. Previously, loose monetary and expansionary fiscal policies saved the day for many people. The support for government programs to aid unemployed workers and small …
Buckle up, turbulence ahead for the Las Vegas economy – The Nevada Independent Read More »
The number of oil operating rigs in the US declined by two to 574, according to oil services giant Baker Hughes. Oil prices have risen to the highest level since the end of March, due in part because of a decline in US oil inventories and an expected boost in demand for gasoline as the …
Placeholder while article actions load Britain’s Conservative government announced Thursday a 25 percent windfall tax on the profits of oil and gas firms that would be used to support $19 billion in for low-income households struggling with a sharp spike in the cost of living. Chancellor Rishi Sunak said that the levy would be placed …
UK imposes windfall tax on oil and gas company profits as inflation bites Read More »
My end of the week morning train WFH reads: • The Tech Rout Isn’t Just Cyclical—It’s Well-Earned, and Overdue The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess. (Businessweek) • …
Updated at 9:50 am EST Big Lots (BIG) – Get Big Lots, Inc. Report shares plunged lower Friday after the discount retailer posted a surprise first quarter loss amid what it called “significant” cost and margin pressures brought by the fastest US inflation in more than forty years. Big Lots said it lost $11.1 million, …
Big Lots Stock Plummets After Surprise Q1 Loss As Inflation Bites Read More »
A New York Fed research paper said American consumers expect no relief from high prices in the near-term, believing the current bout of roaring inflation will keep percolating for the next twelve months before finally losing steam over a three-year horizon. A new analysis from the New York Fed found that US consumers polled about …
Fed Study Reveals How Long US Consumers Expect Roaring Inflation to Persist Read More »
Such sweeping problems as soaring inflation, poor-quality jobs, or low growth may not seem related to the management style of The Office’s Michael Scott Paper Company or pyramid schemes like Elizabeth Holmes’s Theranos. Yet there may be more to this connection than meets the eye. The recovery after the COVID-19 crisis pointed to several weak …
The Rise of Zombie Firms Risks Another Disastrous Crisis Read More »
NEWYou can now listen to Fox News articles! A North Carolina small business owner warns the current state of the US economy is “uncharted territory” as inflation and demand drive costs of consumer goods to new levels. “Fox & Friends Weekend” co-host Rachel Campos-Duffy spoke with diners at Wayside Family Restaurant in Concord, North Carolina, …
North Carolina business owners alarmed about inflation: This is ‘uncharted territory’ Read More »
