The White House has been speaking with U.S. oil and gas producers in recent days about helping to bring down rising fuel costs, according to two sources familiar with the matter. Energy costs are rising worldwide, in some cases leading to shortages in major economies like China and India. In
President Joe Biden and his Departments of Commerce, Labor, and Transportation have failed to solve a supply chain crisis causing the backup of supplies at U.S. ports and cross country transportation as the left-wing media lays the blame solely on the coronavirus. A CNN report said consumers can’t expect to shop like
President Joe Biden on Monday warned about the dangers of failing to raise the federal borrowing limit and blasted Republican lawmakers’ approach to the issue. “A meteor is headed to crash into our economy,” Biden said during a White House speech. “Democrats are willing to do all the work stopping
Mayor Lori Lightfoot Wants To Reopen Restaurants And Bars ‘As Quickly As Possible’ To Reduce Risk Of Underground Parties Mayor Lori Lightfoot on Thursday said Chicago restaurants and bars need to be allowed to reopen “as quickly as possible” not just to help those businesses survive, but also to cut
The World Health Organisation has backflipped on its original COVID-19 stance after calling for world leaders to stop locking down their countries and economies. Dr. David Nabarro from the WHO appealed to world leaders yesterday, telling them to stop “using lockdowns as your primary control method” of the coronavirus. He
A top Federal Reserve official called for a “really hard” lockdown lasting “four to six weeks” to save the economy. Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis spoke about how a lockdown may save the economy in an interview with CBS’ Face the Nation. The
Stocks rose broadly on Tuesday as Wall Street wrapped up its best quarterly performance in decades. The Dow Jones Industrial Average surged 217.08 points, or 0.9%, to close at 25,812.88. The S&P 500 gained 1.5% to end the day at 3,100.29 and the Nasdaq Composite advanced 1.9%. to 10,058.77. The major
The last recession was really, really bad, but it was never like this. It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression. This is already the worst economic downturn that America has experienced since the Great Depression of
Government responses to the coronavirus pandemic could cost the United States the majority of its small businesses. A new survey from the Society For Human Resource Management found that 52% of American small businesses expect to be out of business within six months, according to Bloomberg News. The survey of
J.P. Morgan Chief Investment Officer Bob Michele predicted it will take 10-12 years after the pandemic for U.S. employment to get back to its pre-coronavirus level, insisting it won’t be as simple as turning the economy back on. “No, it’s not that simple … it’s going to take years, or longer to