Gas price surge could cost Biden reelection: Moody’s
A recent analysis by Moody’s Analytics found that rising gas prices could hurt President Biden’s re-election bid in November. Moody’s currently projects that Biden will narrowly win the 2024 election, based on several political and economic factors, including gas prices. Gasoline prices soared to an all-time high of more than $5 per gallon in the […]
Amazon profits surge on strong trading season and cloud computing growth | Amazon
Amazon’s profits soared on strong seasonal trading and strong growth in its strong cloud computing business. The world’s largest retailer generated $170 billion in revenue in the three months ended December, up 14% from the same period in 2022 and beating Wall Street expectations of about $166 billion. did. Net income reached $10.6 billion in […]
Joe Biden’s DOJ to Fight D.C.’s Violent Crime Surge in Election Year
President Joe Biden's Department of Justice (DOJ) on Friday launched an effort to curb a spike in crime rates in the Democratic-controlled city of Washington, D.C., as the 2024 presidential election cycle becomes a focus. The timing of the effort suggests the Biden administration sees the spike in crime as a political vulnerability for Democrats. […]
Americans’ monthly debt payments surge since the pandemic
Bank of America CEO and Chairman Brian Moynihan talks about Fed interest rate hikes, consumer resilience in 2024, and regulation of major banks. The average amount Americans pay just to cover their debt payments has soared by $350 a month in recent years, due to a combination of rising prices, ballooning balances, and prohibitively high […]
AMD's stock surge leads analyst to a 'heck if we know' rating – CNBC
Lisa Su displays the AMD Instinct MI300 chip during a keynote speech at CES 2023 on January 4, 2023 in Las Vegas, Nevada. David Becker | Getty Images Demand for graphics processing units, the artificial intelligence chips that power programs like ChatGPT, has skyrocketed in recent months, creating big profits for companies that make GPUs. […]
Migrant Surge Is Helping Cause Homelessness, Which Hasn’t Gone Down Post-COVID
On Friday's broadcast of MSNBC's “Morning Joe,” Kansas City, Missouri, Mayor Quinton Lucas (D) said that immigration is one of the issues contributing to the increase in homelessness and that “in 2020 and 2021… , and everyone thought that once the coronavirus was over, those numbers would go back to normal.” , the world will […]
I Want the American Dream for All Migrants, You Can’t Do That with Current Border Surge
“We want to offer the American dream to every immigrant,” Sen. John Fetterman (D-Pennsylvania) said on CNN's “The Lead” broadcast Friday. But he said, “It seems very difficult to do that with 300,000 people that we will encounter at the border.” And being able to strongly support immigration while supporting secure borders. “I honestly don't […]
Maine looks to migrant surge to remedy worker shortage
Maine Gov. Janet Mills and a state lawmaker from Somalia unveiled a proposal Friday that seeks to solve the state's severe labor shortage by tapping into its rapidly growing immigrant community. Maine has traditionally had one of the lowest immigrant populations in the country. According to the 2020 U.S. Census, only about 4% of the […]
Impeachment witnesses eviscerate Mayorkas for surge of crime, fentanyl deaths due to border crisis: ‘My family is broken’
On Thursday, a mother of two appeared before the House committee conducting an impeachment inquiry into Alejandro Mayorkas, eviscerating the Secretary of Homeland Security for failings in U.S. border security, brought on by a surge in crime and fentanyl trafficking. They shared personal tragedies. “On July 27, 2022, I heard the worst news any parent […]
Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation
U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]