Biden Admin Cuts Huge Lame Duck Check For California Utility Bankrupted For Role In Massive Wildfires
The Biden-Harris administration's Department of Energy (DOE) announced on Tuesday that it has offered up to $15 billion in conditional financing to California utility Pacific Gas & Electric Company (PG&E), according to a press release. The loans proposed by the DOE Loan Programs Office (LPO) are for a variety of projects aimed at “expanding hydropower […]
Trumpworld Fears Fed Cuts May Stoke Renewed Inflation
As the Federal Reserve prepares to decide on further interest rate cuts this week, people close to President-elect Donald Trump's economic team say inflation risks may be being underestimated even though price increases have slowed in recent months. It warns that there is a sexual nature and calls for vigilance. “Mr. Powell should be cautious […]
Bizarre moment Fox News cuts away from Trump's 'INCOHERENT' speech about washing machines
This is the bizarre moment Fox News had to cut away from former President Donald Trump’s speech as he went on an ‘incoherent’ … source
Fox PANICS, CUTS AWAY during Tim Walz union speech live on air
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USD/CHF advances to near 0.8900 as SNB unexpectedly cuts interest rates by 50 bps – FXStreet
The US dollar/Swiss franc pair soared to nearly 0.8900 after the Swiss central bank cut its main borrowing rate by 50 basis points to 0.5%, in response to expectations for a 25 basis point rate cut. Swiss National Bank Governor Schlegel held off on the option of negative interest rates in his previous comments in […]
Gold (XAU) Silver (XAG) Daily News: Fed Rate Cuts and Inflation Boost Precious Metals – FX Empire
U.S. Treasury yields rose to their highest level in two weeks, signaling market expectations for inflationary pressure from fiscal policy. Despite gold's appeal as a hedge, its performance remains under pressure from rising bond yields and the dollar's recent monthly high. Silver outperforms gold due to demand for safe haven Silver (XAG/USD) is gaining momentum […]
November inflation increase won’t derail Fed interest rate cuts
Robust inflation numbers in November show the Fed still has work to do. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.7% in November, slightly higher than the previous month's annual inflation rate of 2.6%. Published by the Bureau of Labor Statistics (BLS). Inflation rose 0.3% on a monthly […]
Democrats fear more IRS cuts in funding fight with GOP
The White House and Congressional Democrats are fighting to protect $20 billion in funding for the IRS as the tax collection agency faces major changes next year. As bipartisan funding negotiations approach a key deadline in December, Democrats are seeking an additional $20 billion of the original $80 billion funding boost for the IRS passed […]
Don’t let Biden sneak in more Medicare cuts on his way out the door
newYou can now listen to Fox News articles. Older Americans should not be used as pawns in political games. But that's exactly what could be happening right now in the waning days of President Biden's administration. President Biden has repeatedly claimed over the years that it is Republicans who want to cut the Medicare program. […]
Boeing to layoff hundreds in Washington as second-round of company cuts continue
Boeing is laying off 396 employees at its Washington state location, Reuters reported on Monday. The move is part of a 10% global workforce reduction announced by the company in October and is expected to affect about 17,000 jobs within Boeing. Fox Business reported in November that 2,199 Boeing employees in Washington state, totaling more […]