GOP Lawmakers Accuse FTC Chair Khan of ‘Misleading’ Testimony
Republicans leading two powerful House committees are accusing Federal Trade Commission Chair Lina Khan of giving “misleading testimony”
2023-06-29 03:26
Biden Has Begun Using CPAP Machine to Aid With Sleep Apnea
President Joe Biden has begun using a continuous positive airway pressure, or CPAP, machine to treat longstanding sleep
2023-06-29 02:56
Powell and Central Bankers See More Tightening as Economies Withstand Hikes
The global economy and inflation have so far proved surprisingly resilient to a barrage of interest-rate increases, prompting
2023-06-29 02:55
DoorDash is offering hourly pay to fix a problem with food orders
Some DoorDash drivers are fed up with the unpredictable delivery business: Some orders can take longer than expected due to circumstances outside of workers' control. The company said it has a solution.
2023-06-29 02:24
Biden touts his economic record in fiery speech: ‘Guess what – Bidenomics is working’
President Joe Biden touted his economic record amid continuing dissatisfaction among Americans with the state of the US economy by saying his policies have proven effective. Mr Biden delivered a fiery speech on Wednesday in Chicago where he sought to flip a term that the Wall Street Journal outlets have used against him--Bidenomics--into a plus. “I didn’t come up with the name,” he said. “I think it’s a plan I’m happy to call Bidenomics.” The president, who is seeking re-election in 2024, said that the US economy has largely recovered from the recession caused by the Covid-19 pandemic and had sought to refute Republican economics. “Guess what? Bidenomics is working,” he said to applause. “When I took office, the pandemic was raging and the economy was reeling. Supply chains were broken. Millions of people were unemployed.” Despite low unemployment, many Americans continue to see inflation as a top priority. A survey from the Pew Research Center last week showed that 52 per cent of Democrats and 77 per cent of Republicans say inflation is still a “very big problem.” Mr Biden sought to soothe those concerns by saying he continues to prioritise lowering prices and noted how inflation is less than half of what it was one year ago. “Bringing down inflation remains one of my top priorities today,” he said. Mr Biden also mentioned the progress that his signature Inflation Reduction Act has made, such as allowing Medicare to negotiate drug prices. “We’ve been trying to get this done for decades and this time we finally beat big pharma for the first time,” he said. Read More Watch as Biden makes statement on economic policy in Chicago Cambodian leader Hun Sen, a huge Facebook fan, says he is jumping ship to Telegram Paul Ryan says Trump is only Republican candidate who would lose to Biden in 2024
2023-06-29 02:18
BMO Capital Markets Cuts About 100 Jobs With Deals Drying Up
Bank of Montreal’s capital markets unit is cutting about 100 positions, or 3.5% of the division’s staff, in
2023-06-29 01:58
NYC Faces Poor Air Quality as Smoke From Canada Fires Heads East
New York City, Long Island and New Jersey have been hit with air-quality alerts as another plume of
2023-06-29 01:47
Nigeria Vote Damaged Public Confidence in Democracy, EU Says
Nigeria’s elections this year were marred by problems that undermined public trust in democracy, European Union observers said.
2023-06-29 00:58
Biden Braces for Canadian Smoke in High-Profile Chicago Visit
A mask-less Joe Biden landed in Chicago as the city grapples with a second day of thick Canadian
2023-06-29 00:54
Powell Signals Fed Open to Two Straight Hikes at Coming Meetings
Federal Reserve Chair Jerome Powell signaled policymakers could potentially raise interest rates in July and September to curb
2023-06-28 22:59
BOE’s Bailey Dismisses Claims Brexit Tightened Jobs Market
Bank of England Governor Andrew Bailey dismissed claims by economists that Britain leaving the European Union has helped
2023-06-28 22:49
‘Dome of Doom’ Scorching Texas and Mexico Is About to Spread (1)
The heat that has set records across Texas and Mexico will be spreading across the central and southern
2023-06-28 21:20