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US ECONOMY - LATEST NEWS, BREAKING STORIES AND COMMENT

Almost half of President Biden's Twitter followers are FAKE, audit reveals as Elon Musk puts deal to buy Big Tech giant on hold over bots 

18/05/22 16:25

17/05/22 18:34

President Joe Biden still doesn't have action announced on student loan forgiveness despite claiming two weeks ago that he would make a decision 'in a couple of weeks.'

13/05/22 16:44

Federal Reserve chair Jay Powell issued a stark warning to Americans already struggling with crippling price rises: There will be more pain ahead as the central bank tries to tackle inflation.

12/05/22 14:06

Wholesale inflation in the US soared 11 percent in April from a year earlier, a hefty gain that indicates high inflation will continue drag down to consumers and businesses in the months ahead.

12/05/22 12:35

President Joe Biden will address a global summit on Covid-19 Thursday, but Congress' refusal to authorize billions of dollars in funding has thrown into...

11/05/22 22:55

President Joe Biden took his MAGA attacks on the road for the first time since he launched a push against 'ultra MAGA' forces and Donald Trump's grip on the Republican Party.

11/05/22 21:20

Abbott Laboratories warned it could take more than two months to get their products back on retail shelves once the FDA gives the go to reopen its Michigan plant.

11/05/22 20:11

President Joe Biden toured an Illinois farm Wednesday to call for new investments and agricultural policies that he said would help blunt the impact of inflation amid Russia's war on Ukraine. 

11/05/22 13:00

The potential deal represents a major development in relations between Ankara and Washington, and comes as Turkey continues to support Ukraine amid the Russian invasion.

10/05/22 17:24

Treasury Secretary Janet Yellen on Tuesday warned that eliminating abortion rights would damage the U.S. economy and 'set women back decades.'

10/05/22 15:29

Coinbase shares are down hugely since making its market debut last April. With crypto in a tailspin it is expected to report lower transaction numbers in the first quarter.

09/05/22 19:59

High speed internet is not a luxury any longer. It's a necessity,' said President Biden said at the White House Monday, championing a plan to get high-speed internet to millions of Americans.

05/05/22 22:17

Sir Martin Sorrell (pictured) was forced to delay publication of S4 Capital's full year results twice in March - sending shares in the company tumbling.

05/05/22 20:38

Cameo CEO Steven Galanis said he laid off 87 staffers, including those in starting and senior-level positions, during a company-wide meeting on Wednesday, citing the need to scale back.

03/05/22 16:40

The number of Americans quitting their jobs hit a record high in March, as job openings shattered prior records and gave workers their pick of more lucrative opportunities. 

29/04/22 21:50

The tycoon sold 4.4m shares, or 2.6 per cent of his 16.6 per cent holding, after Twitter's board backed his takeover approach.

29/04/22 21:50

When the acronym was coined in 2013 by Jim Cramer, presenter of the CNBC show Mad Money, it was 'Fang', then Apple was added in 2017.

29/04/22 20:30

The $373 billion sum is also more than double what the country has spent over two decades on providing energy assistance to Americans who struggle to pay for heating in the winter.

29/04/22 14:22

The personal consumption expenditures (PCE) price index soared 6.6 percent in the 12 months through March, the biggest increase since 1982 and up from February's revised 6.3 percent rate.

26/04/22 20:14

The billionaire blasted the 'extreme antibody reaction' from 'those who fear free speech' and said it 'says it all' as he launched his first public backlash against woke workers.

26/04/22 09:18

Staff bombarded the US social media site and internal message boards with attacks on the controversial tycoon.

26/04/22 05:42

Twitter staffers made no bones about the fact that they're not thrilled with Tesla CEO Elon Musk 's takeover - despite being warned they could be given the boot in six months.

26/04/22 04:24

Twitter executives are in line for multimillion dollar payouts if Elon Musk's $44 billion buyout proceeds as planned, with co-founder Jack Dorsey the biggest winner, followed by the CEO and former chair.

25/04/22 22:21

White House Press Secretary Jen Psaki on Monday hinted that Twitter could face regulatory action after its takeover by Elon Musk, as part of administration efforts to rein in social media.

25/04/22 12:47

The Tesla magnate, 50, agreed to pay shareholders $54.20 in cash for each share of common stock before the bombshell deal was struck.

22/04/22 16:09

As Disney is set to lose its special privileges in Florida the company's stocks continue to take a tumble, closing at $126.66 per share on Thursday, a 31 percent drop over the course of the last year.

20/04/22 20:41

Immigration agencies like ICE and CBP could run out of funds as soon as early July if migration skyrockets with the end of Title 42. In response, President Joe Biden is prepared to ask Congress for more money.

20/04/22 16:13

Inflation has triggered a seven per cent increase in the price of a Big Mac that has fans wondering whether the iconic burger should be renamed the Whopper.

20/04/22 14:10

Businesses looking for employees to return to the office have been met with push-back from workers who claim their daily office routine is too expensive. Workers cited rising gas and childcare costs.

19/04/22 20:03

Jeff Green (pictured) was given the eyewatering sum by California-based Trade Desk, which said it matched the interests of the board and shareholders.

14/04/22 21:53

Johnson & Johnson will not be able to avoid facing a class-action lawsuit from employees that allege the company exposed them to asbestos.

13/04/22 22:14

Dimon (pictured with wife Judith)said market volatility was inevitable as the Fed tightens its quantitative easing programme and shrinks its balance sheet.

13/04/22 18:56

MCCAIN: The White House slogan may as well be 'It's Putin's fault, stupid.' And he's talking to you and me. Well the American people aren't buying it. Not only is this intellectually dishonest, it is a lie.

13/04/22 13:46

The Labor Department said Wednesday that its producer price index - which tracks inflation before it hits consumers - jumped 1.4 percent in March from the prior month alone.

12/04/22 21:57

President Joe Biden on Tuesday seemed to accuse Vladimir Putin of committing 'genocide' in the Ukraine afer his administration officials have been careful not to use that word.

12/04/22 13:37

The Labor Department said on Tuesday that the consumer price index increased 1.2 percent in March from the month before, for a 8.5 percent gain from a year ago.

08/04/22 21:28

Michael Hartnett, chief investment strategist for Bank of America, warned clients on Friday of a looming 'recession shock' in the US economy as the Fed tries to tame rampant inflation.

07/04/22 16:51

A bipartisan group of senators, led by Democrat Kyrsten Sinema, will propose bill to prevent the Biden administration from lifting Title 42 without plan in place to stop mirgrant surge.

06/04/22 21:04

The White House walked back Biden's comments after the event, making clear that the president would not be 'involved in any direct effort' to force Amazon to accept unions.

06/04/22 20:34

Republicans doubled down on their demand to hold a vote on an amendment that would keep the Title 42 border restrictions in place as part of $10 billion covid funding bill.

06/04/22 16:51

Britain, the United States and the European Union all unveiled new measures designed to weaken the Russian war machine and force it to withdraw from Ukraine.

06/04/22 15:25

Celebrities such as singer Rihanna and Lord of the Rings Director Peter Jackson were among 329 people to join the ranks of the world's billionaires for the first time this year.

06/04/22 15:10

Roughly 43 million federal student loan borrowers have not been required to make payments for more than two years, since the CARES Act was first signed into law under Donald Trump .

06/04/22 13:30

Twitter employees are voicing their concerns after Elon Musk was named a company board member and majority shareholder. Musk has admitted his investment in the company was not passive.

05/04/22 17:54

Deutsche, the first major bank to make the negative forecast, said a recession will hit the U.S. in late 2023 and carry into 2024 due to the Federal Reserves efforts to combat inflation.

05/04/22 14:56

'I think that most likely what we're going to have is a period of stagflation. And then you have to understand how to build a portfolio that's balanced for that kind of an environment,' Dalio said.

04/04/22 19:24

Lawmakers have reached a bipartisan deal to offer $10 billion in additional Covid-19 funding.

01/04/22 15:52

The House voted on Thursday on a bill to cap insulin prices at just $35 a month, easing the burden for millions of Americans that spend thousands of dollars a year on the life-saving drug.

24/03/22 20:45

President Joe Biden on Thursday said there will be food shortages around the globe because of Vladimir Putin's invasion of Ukraine.

24/03/22 20:00

California Gov. Gavin Newsom has proposed giving people $800 debit cards or bus fare as the average gas prices hit a new state record on Wednesday at $5.88 per gallon, AAA reported.

22/03/22 16:07

President Joe Biden's administration has run out of money to buy a fourth dose of the covid vaccine for all Americans, a new report said on Tuesday.

17/03/22 18:40

House Speaker Nancy Pelosi grew frustrated with a reporter who repeatedly asked her about Covid relief aid as she reminded him that 'people are dying' in Ukraine.

16/03/22 16:30

The Adobe Digital Economy Index, which uses online sales from six of the top 10 airline companies in the US, saw ticket sales for domestic flights in February exceed those from February 2019.

15/03/22 19:07

Pete Buttigieg suggested Tuesday that other priorities are more important than lowering gas prices as he claimed that prices at the pump are 'outside the direct control of any political figure.'

10/03/22 22:03

Jen Psaki doubled down on blaming Vladimir Putin for soaring U.S. inflation, after the consumer price index hit another 40-year in February, which Biden called 'Putin's price hike.'

10/03/22 12:36

Inflation in the United States has reached a new 40-year high of 7.9 percent, with further increases likely due to the soaring prices of oil and commodities after Russia's invasion of Ukraine.

09/03/22 15:19

The Biden administration is eyeing up another potential extension of the student loan payment pause beyond its May 1 expiration date.

09/03/22 15:11

Daleep Singh, the deputy national security adviser for international economics, said it was wrong to blame the Keystone decision for spiraling prices at the pumps.

08/03/22 23:55

President Joe Biden on Tuesday said he 'can't do much' about record high gas prices and continued the White House blame game of saying it was Vladimir Putin's fault.

08/03/22 23:03

Hern accused Biden of 'intentionally' driving up gas prices to grow support for his electric vehicle initiatives in a statement to DailyMail.com, joining a wave of GOP members reacting to the speech.

08/03/22 19:34

President Joe Biden on Tuesday vowed to increase American humanitarian support for the Ukraine people so European countries don't have to shoulder the full cost and burden.

08/03/22 16:23

The owner of the Russian Samovar in the West Village, which was opened in the 1980s, says she's seen her business down 60percent.

08/03/22 13:35

His administration has been under pressure to act since late last month when Russia's authoritarian leader Vladimir Putin ordered an unprovoked and bloody invasion of Ukraine.

08/03/22 13:33

Senator Wyden demanded an probe after finding out ICE has secretly surveilled and collected records on 200 million American money transfers without obtaining a warrant for at least the last 12 years.

07/03/22 18:52

The 30-second advertisement features quotes from various media outlets that blames Biden's climate agenda for the sky-high prices Americans are seeing at the pump today.

07/03/22 18:20

The top U.S. lawmakers on trade matters on Monday announced a plan for legislation to ban import of Russian energy products to the U.S. in response to its invasion of Ukraine.

07/03/22 16:16

SCHORK: At some point, demand for gasoline will hit an inflection point. Consumer will face hard decisions like choosing between groceries or gas. This typically happens at the onset of recession.

07/03/22 14:06

U.S. stock indexes slid on Monday, as the prospect of a ban on oil imports from Russia briefly pushed oil above $130 a barrel and added to concerns over spiraling inflation and slowing growth. 

04/03/22 21:13

Effective March 9, Russian firms will no longer be included in the Dow Jones Industrial average or benchmark S&P 500 index, the company behind the stock indexes said on Friday.

03/03/22 13:26

Joe Biden is calling leaders of Australia, Japan and India Thursday to discuss the implications Russian invasion will have in the Indo-Pacific as WH formally asked Congress for $10B in aid for Ukraine.

02/03/22 20:19

The White House on Wednesday unveiled a new $30 billion Covid-19 plan that is meant to leave the nation prepared for future outbreaks so that 'Americans no longer fear lockdowns.'

02/03/22 16:21

Powell said it would be appropriate for the central bank to raise interest rates 0.25% amid steep inflation, but declined to predict how the Russia-Ukraine war will affect the U.S. economy.

01/03/22 20:17

'To continue to ask other countries to do what we can do for ourselves in a cleaner way is hypocritical,' said Sen. Joe Manchin, who wants to halt Russian oil imports.

01/03/22 15:14

The pressure will be on President Joe Biden as he delivers his State of the Union speech to an anxious nation while trying to increase his tanking poll numbers and reboot his domestic agenda.

28/02/22 16:16

American drivers are seeing prices at the gas pumps gradually increase due to rising oil prices. The national average price of regular gasoline hit $3.61 on Monday, nearly 90 cents from a year ago.

25/02/22 13:11

U.S. stock indexes opened higher on Friday, building on a late rally in the previous session, as investors scrambled for bargains while closely monitoring the raging battle in Ukraine. 

24/02/22 21:45

Russian troops have poured into Ukraine by land, air and sea. Ukraine said 57 of its citizens have been killed so far and more than 160 wounded as explosions wrack the country's major cities.

24/02/22 16:29

Vladimir Putin could also try to force internet giants such as Facebook, Instagram, Twitter and WhatsApp offline - although US sources have warned it could spark World War Three.

24/02/22 15:41

WRIGHT: In guarding against a future cold war, it would be foolish to dismiss any scenario as 'unimaginable.' The world is entering uncharted territory.

18/02/22 15:40

AOC blasted Manchin accusing the conservative Democrat of condemning millions of children to poverty based on rumors that parents would spend tax credits on drugs.

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