Economy

Sanders Tore Into Manchin Surprise Deal As Falling Far Short

Sanders Tore Into Manchin Surprise Deal As Falling Far Short

Sanders assailed Manchin’s bill on Tuesday night as woefully inadequate. He urged Democrats to amend the bill since it omitted many programs like childcare. Manchin’s bill also excluded universal pre-K, student debt relief, and the Biden child tax credit. Loading Something is loading. Sen. Bernie Sanders of Vermont tore into the $740 billion climate, energy, …

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Five Former Treasury Secs Throw Support Behind Manchin Inflation Plan

Five Former Treasury Secs Throw Support Behind Manchin Inflation Plan

Five former Treasury secretaries backed Manchin’s inflation-fighting bill in a Wednesday statement. The group includes secretaries from the George W. Bush, Clinton, and Obama administrations. The secretaries urged Congress to pass the plan “immediately,” adding it will help cool inflation. Loading Something is loading. Sen. Joe Manchin just won valuable new backing for his plan …

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UN Secretary General urges governments to tax 'immoral' oil profits

UN Secretary General urges governments to tax ‘immoral’ oil profits

United Nations Secretary General Antonio Guterres speaks during the 2022 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons at the United Nations in New York City on August 1, 2022. Ed Jones | AFP | Getty Images WASHINGTON — United Nations Secretary-General Antonio Guterres urged governments on Wednesday to …

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Manchin-Schumer bill would reinstate tax on imported oil and petroleum products

Manchin-Schumer spending bill could eliminate 30,000 jobs, new analysis shows

Michael Lee Strategy founder Michael Lee, Horizon Investments CIO Scott Ladner and Harris Financial Group managing partner Jamie Cox discuss the markets ahead of the July jobs reports release on Friday and the latest inflation readings. Democrats are selling their newest social spending bill as a panacea for the ailing economy as it confronts crippling …

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Celsius is trying to hire its CFO back at $92,000 a month, filings say

Celsius is trying to hire its CFO back at $92,000 a month, filings say

Embattled lending platform Celsius wants to bring back ex-CFO Rod Bolger and pay him about $92,000 a month, prorated over a period of at least six weeks. The embattled lender says it needs Bolger to help it navigate bankruptcy proceedings as an advisor, according to a motion filed with the Southern District of New York. …

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Wikipedia restricting new users from editing 'recession' page

Wikipedia restricting new users from editing ‘recession’ page

Job Creators Network President and CEO Alfredo Ortiz slams Biden trying to claim to the American people that the United States is not in recession Wikipedia is changing the editing permissions for users who try to change the page for “recession” following a disagreement over its exact definition. Wikimedia, the company that runs the online …

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Fed's Bullard sees more interest rate hikes ahead and no US recession

Fed’s Bullard sees more interest rate hikes ahead and no US recession

St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in interest rate increases this year as the Fed continues to battle the highest inflation levels …

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Analysis: As wheat prices soar, the world's consumers vote with their feet

Analysis: As wheat prices soar, the world’s consumers vote with their feet

Wheat use seen declining as buyers shift to cheaper products Rice, corn to replace wheat for human, animal consumption Price-sensitive consumers in Asia, Middle East, Africa struggle World wheat consumption seen dropping more than USDA forecast SINGAPORE/JAKARTA, Aug 3 (Reuters) – Global wheat consumption is headed for its biggest annual decline in decades as record …

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