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Business

“House passes bill that could lead to a TikTok ban; fight shifts to the Senate”

“The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one… Continue Reading…

Banking, Economy

“BIS warns world economy at critical juncture in inflation fight”

“LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for more interest rate hikes, warning the world economy was now at a crucial point as countries struggle to rein in inflation…… Continue Reading…

Economy

“…Americans look for side hustles to fight inflation”

“Do you feel like you need to take on a second job to keep up with rising prices? If so, you’re not alone. The cost of living rose 8.2% in September, while wages rose just 5.1%. And there are still jobs… Continue Reading…

Economy

“Retail sales growth sluggish in August as consumers fight to keep up with inflation”

“…Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for inflation, which increased 0.1% in August, suggesting that spending outpaced price increases. Inflation as gauged by the consumer… Continue Reading…

Economy

“570K chickens to be destroyed in Nebraska fight against bird flu”

“The Nebraska Department of Agriculture (NDA) announced on Tuesday that it has confirmed a case of the highly contagious bird flu in a commercial flock of 570,000 broiler chickens and that the birds will be “humanely depopulated and disposed of.” NDA, in conjunction with… Continue Reading…

Banking, Economy

“BofA warns of 0% returns over the next 10 years — but here’s the 1 key strategy to fight it”

“Are stocks setting up for another decade of monstrous returns? Bank of America doesn’t think so. In fact, the banking giant’s valuation model is forecasting a flat return for the stock market over the next decade. Depressing, right? But here’s… Continue Reading…

Economy

“Trump to fight coronavirus economic impact with payroll tax cut proposal and other programs”

“President Trump and his coronavirus task force spoke to the nation again Monday night and spoke of  “major” and “very dramatic” economic plans as a result of the coronavirus outbreak. Trump said he would go to Capitol Hill on Tuesday and ask for Congress to approve a… Continue Reading…

Business, Economy, Stocks

Big Tech Companies To Be Broken Up? Anti-Trust Fight Begins

“Last month, Sen. Elizabeth Warren made headlines by releasing a plan to break up tech giants like Facebook, Google and Amazon… Americans for Prosperity, a political advocacy group backed by billionaire Charles Koch, is currently running a two-week long targeted… Continue Reading…