Biden’s Migration Cuts Wages and Productivity
The wave of migrants welcomed by President Joe Biden’s border chief imposes a huge and unfair economic burden on working Americans whose taxes are used to feed, house and care for the migrants, said Sen. Chuck Grassley, R-Iowa. Because poor immigrants rely on government assistance to work, rent apartments, and buy food, clothes, and cars, […]
Biden’s Migration Cuts Wages and Productivity
The wave of migrants welcomed by President Joe Biden’s border chief imposes a huge and unfair economic burden on working Americans whose taxes are used to feed, house and care for the migrants, said Sen. Chuck Grassley, R-Iowa. Because poor immigrants rely on government assistance to work, rent apartments, and buy food, clothes, and cars, […]
Labour Gov’t Cuts Winter Energy Aid to Millions,, Preps Mass Tax Hikes
Britain’s new left-wing Labour government has announced plans to cut winter energy benefits for around 10 million pensioners while preparing huge tax increases to pay for a spending surge caused by mass immigration. The head of the Treasury, Chancellor of the Exchequer Rachel Reeves, confirmed the new Labour government’s high tax, high spending policies in […]
Buffett cuts Bank of America stake, sales top $3 billion – Yahoo Finance
Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc sold more shares of Bank of America Corp to lock in profits after a big surge in the second-largest U.S. bank’s shares, bringing sales to more than $3 billion this month. Berkshire Hathaway sold 18.4 million shares of Bank of America stock between July 25 and […]
Venezuela Cuts Ties With Multiple Countries Over Election Objections
Venezuela has announced that it has severed diplomatic ties with several countries in protest over the country’s presidential elections. Venezuela’s foreign ministry said in a press release that it was suspending diplomatic ties with “Argentina, Chile, Costa Rica, Peru, Panama, the Dominican Republic and Uruguay” for threatening the country’s “national sovereignty,” Times Now news reported. […]
Stocks, Dow, Fed, rate cuts, Trump, Harris, Paris Olympics
Kamala Harris, economy, tax proposals Stocks surge after inflation data released on hopes of September rate cut Trump-Harris battle heats up 2024 White House race Bitcoin nears $70,000 as cryptocurrency could play role in election campaign Tesla CEO Elon Musk appears before Congress as President Trump makes clear his stance on EVs Delta’s Crowdstrike Nightmare […]
Dow soars over 600 points on tech rebound, optimism about Fed rate cuts
Wall Street’s major stock indexes closed higher on Friday, regaining some of the ground lost earlier in the week as investors again flocked to big tech stocks following a broad sell-off and inflation data stoked optimism that interest rate cuts could soon begin. The Dow Jones Industrial Average surged 800 points, closing at 40,589.34, up […]
GDP surges by 2.8%, giving hope for rate cuts in September
GDP is growing at 2.8% annually, which indicates that the economy is doing well. (iStock ) The pleasant surprise was that gross domestic product (GDP) grew 2.8% year-on-year in the second quarter. Advance quote This is good news for the overall economic outlook, as a GDP growth of between 2% and 3% indicates the U.S. […]
Dow surges more than 700 points as the stock market gears up for rate cuts – CNN
Spencer Pratt/Getty Images Economic data has also been surprisingly strong, even as interest rates remain at 23-year highs. new york CNN — There’s a clear shift in mood on Wall Street. Strong corporate earnings have driven stocks to repeatedly hit record highs in 2024, even as persistent inflation has forced investors to lower their estimates […]
House passes Interior bill with steep cuts to EPA
The House passed a partisan appropriation bill Wednesday for the Interior Department, the Environmental Protection Agency, and other related agencies. The measure, which passed 210 to 205, would impose a 20% cut to the EPA and includes several conservative provisions that are likely to doom it in the Senate. The fiscal 2025 spending bill proposes […]