Inflation expert says inflation is ‘here to stay’

Last month, Americans were once again shocked that the inflation rate had hit another new high, touching a 40-year record when many top economists had predicted that the number would likely begin to inch downward. Making bad news even worse, according to Fox News, experts are now saying — with confidence — that record-high inflation […]

Biden admin fails to close deal with oil refineries to lower gas prices

For weeks, President Joe Biden and his administration have placed a significant amount of blame for high gas and energy prices on major oil refinery companies, in addition to blaming Vladimir Putin. After calling the heads of several large oil companies to the White House, President Biden had some of his top officials meet with […]

Biden confirms he’s considering gas tax holiday

The White House is under pressure from all sides as the national average price of gasoline hovers around the $5.00 per gallon mark, with no real relief in sight, according to top economists. However, according to CNBC, President Joe Biden is nearing a final decision on declaring a federal gas tax holiday to bring consumers […]

Biden administration says ‘we don’t need’ more oil drilling in US

As energy prices soar, especially oil and gas, critics of the Biden administration have argued that simply encouraging increased domestic drilling would help begin to ease the country’s dependence on expensive, foreign fossil fuels. But President Joe Biden’s White House doesn’t believe that’s a proper solution to the ongoing problem, with White House press secretary […]

Google to pay out massive settlement in ‘gender discrimination’ lawsuit

It’s a drop in the bucket, money-wise, for Google’s parent company, Alphabet, but the tech giant will soon have to sign checks for some 15,500 current and former female employees as a result of a massive class-action lawsuit centered around “gender discrimination.” The lawsuit, which has been litigated for roughly five years, alleges that the […]

Inflation could hit 9%, top economist Mohamed El-Erian warns

After inflation soared to 8.6% in May, top economists and businessmen are sounding the alarm about the economy and warning that a recession could be on the way. On CBS News’ Face the Nation on Sunday, Mohamed El-Erian, Allianz’s chief economic adviser, warned that inflation in the United States might reach 9%. When inflation fell […]

Disney shares close under $100 for the first time in more than two years

The Walt Disney Company’s stock extended its precipitous fall this week, falling 9% to settle at $99.40 on Friday, the first time the company has closed below $100 in more than two years. Shares of the Walt Disney Co. continued their free fall this week, dropping 9 percent to close Friday at $99.40 — the […]

Report: Massive TX refinery set to be shutdown amid growing energy crisis

At a time when energy prices are soaring to record highs, there is growing concern over a particular oil refinery in Texas that could soon be shut down, which would cause further stress on the struggling U.S. energy sector. According to Reuters, LyondellBasell Industries is set to close down a major oil refinery in Houston, […]

Facebook whistleblower calls on Zuckerberg to resign from social media giant

Mark Zuckerberg, CEO of Meta, formerly known as Facebook, has bound himself to the social media company in ways that would make it virtually impossible for him to be forced out, no matter the situation. However, a former Meta employee called Frances Haugen, a whistleblower who leaked tens of thousands of internal documents after leaving […]

Commerce secretary: Biden admin may lift tariffs on China in order to ease inflation

In order to battle the United States’ record-high inflation, President Joe Biden’s administration is considering lowering tariffs on Chinese imports. On Sunday, Commerce Secretary Gina Raimondo confirmed the possible move, adding that Biden has personally requested her team to investigate the matter. Inflation in the United States reached a 40-year high in March, and it […]