Justice Department SUES West Virginia Republican Gov. Jim Justice to collect $5 million in unpaid fines from his 13 mining companies – as Democrat Joe Manchin-backed pipeline is set to slide through in debt deal DOJ sued the Wester Virginia govern and his businesses in federal court Suit cites 130 violations totaling $5 million in civil…
Asahi Super Dry is one of Asahi Group Holding’s core beverage brands. Bloomberg | Bloomberg | Getty Images Japan’s Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world’s largest beer market. “We’ve been struggling hard since the first half of the 1990s. We…
The final language in the budget deal that President Joe Biden and House Speaker Kevin McCarthy are pushing toward a big vote this week will still bring on board thousands of new enforcement agents who are tasked with driving up revenue collection rates with a focus on the rich. And White House officials are keeping…
GOP Rep. Nancy Mace grew a swelling list of Republicans who are balking at the cost of the debt limit deal Speaker Kevin McCarthy cut with President Biden. ‘Republicans got outsmarted by a President who can’t find his pants. I’m voting NO on the debt ceiling debacle because playing the DC game isn’t worth selling…
Bipartisan deal reached to raise the debt limit – CBS News Watch CBS News After President Biden brokered a deal with Speaker McCarthy to raise the debt ceiling by $4 trillion, they spent the weekend trying to secure enough votes to pass the bill by the June 5 deadline. Scott MacFarlane reports. Be the first…
The boom of artificial intelligence (AI) and super-intelligent computation has taken the world by storm. Pundits are calling the AI revolution a “generational event”—one that will change the world of technology, information exchange and connectivity forever. Generative AI specifically has redefined the barometer for success and progress in the field, creating new opportunities across all…
With no workers to fill job vacancies, bills spiralling out of control and a rise in drug addicts on the streets, Germany – still widely viewed as Europe’s economic powerhouse – slipped into a recession last week. Once famed for the financial might of its currency, the truth is that every day people in Germany today…
What happens if lawmakers don’t agree on debt ceiling raise – CBS News Watch CBS News A tentative agreement has been reached on a deal that would raise the debt limit and avert a government default. Scott MacFarlane takes a look at the backup plan in case lawmakers don’t pass the bill. Be the first…
Biden optimistic Democrats will back debt ceiling plan – CBS News Watch CBS News President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest. Be the first to know Get browser notifications…
In the years after WWI, the German mark largely vanished from circulation…in Germany. Was this “deflation”? Actually, quite the opposite. The value of the mark had declined to something south of four billionth of a dollar. It was trash, but arguably worse than that. Needless to say, Germany’s inflation predictably resulted in the disappearance of…
NEW YORK – SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, … [+] 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday’s Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day…
It’s unrivalled as a nation when it comes to clockwork, chocolate and cheese. But now there’s another accolade Switzerland can brag about — it is officially the least miserable country in the world. That is according to an annual ‘misery index’, which ranks almost 160 countries on factors like unemployment figures, inflation and bank-lending rates….
There’s nothing new under the bun. Fixings for the traditional summer barbecue will once again put a strain on wallets as inflation-weary Americans fire up the grill this Memorial Day. Consumers can expect to pay an average of nearly 9% more than they did last year for a family-sized selection of barbecue essentials, including eight-count…
Same store sales continue to disappoint. (Photo by Scott Olson/Getty Images) Getty Images Key Takeaways Nvidia Surges Tesla Makes Inroads In EV Charging Stronger Than Expected Economic Data Debt Ceiling Deal Near? The S&P 500 was up just under 1% and the Nasdaq Composite gained 1.7%, but that was hardly the story on Thursday. Chip…
Insurance giant State Farm to stop insuring new homes in California, citing catastrophic wildfires and rapidly rising inflation costs that have put polices at a premium State Farm has announced that they are stopping the sale of new home-insurance policies in California from Saturday The company, one of California’s biggest insurers, said it had taken the…
There are several measures of the money supply, the most looked at being M2 (cash + demand deposits + time deposits + retail money market funds). That official series goes back to 1959 although there are estimates going back even further. But just looking at this 64-year history, what we find is that the two…
Media mogul Steve Forbes says he does not believe President Joe Biden will be the Democratic nominee for the 2024 election with the economy solely to blame. Forbes, the chairman of Forbes media, said he believes the poor state of the economy will cost Biden the Democratic nomination. ‘I think what’s happening with the economy,…
No sooner had the International Monetary Fund put its hands up and admitted — OK folks, we got it wrong, the UK is not heading for a recession this year — than Chancellor Jeremy Hunt says he doesn’t mind a recession if it’s needed to get inflation down. As a piece of economic self-harm it…
Opinions expressed by Entrepreneur contributors are their own. If there’s a word that perfectly describes the state of the economy in 2023, that must be inflation. Ask any U.S. adult, and they’ll likely be aware of the inflation that has been hitting the American economy since the 2020 global pandemic. Recent studies show that Americans…
SAN FRANCISCO, CALIFORNIA – APRIL 27: An American Airlines plane prepares to take off past another … [+] American Airlines plane on the runway at San Francisco International Airport on April 27, 2023 in San Francisco, California. American Airlines reported better-than-expected first-quarter earnings with a net income of $10 million. (Photo by Justin Sullivan/Getty Images)…