Category Archives for News

US Trade Deficit Rises to $859.1 Billion in 2021, Largest on Record

The U.S. trade deficit increased in December as imports surged amid the restocking of shelves by businesses, culminating in the largest shortfall on record in 2021.The Commerce Department said on Tuesday that the trade deficit rose 1.8% to $80.7 billion in December. Data for November was revised lower to show a $79.3 billion gap instead […]

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Diesel Shortage Attracts Hedge Fund Attention

Investors have become very bullish about the outlook for gasoline and diesel prices, accumulating some of the largest positions in both fuels for a decade as economies begin their recovery from the coronavirus crisis.Hedge funds and other money managers purchased the equivalent of 16 million barrels in the six most important petroleum-related futures and options […]

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CNN, MSNBC, NYT, WaPo completely avoid Johns Hopkins study finding COVID lockdowns ineffective

John Hopkins study concludes COVID lockdown policies should be rejected.There has been a full-on media blackout of the new study outlining the ineffectiveness of lockdowns to prevent COVID deaths.According to a Johns Hopkins University meta-analysis of several studies, lockdowns during the first COVID wave in the spring of 2020 only reduced COVID mortality by .2% […]

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Bank of England Hikes Interest Rates Again as Prices Surge

​LONDON (AP) — The Bank of England raised interest rates for the second time in three months on Thursday, putting the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that is squeezing consumers and businesses.The bank’s monetary policy committee voted 5-4 to boost its key […]

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Stock market expert says ‘be invested’

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January was the worst month for stocks since March of 2020.Rosecliff founder and managing partner Mike Murphy explained his decision to invest in Disney, Peloton, and Nike amid the latest market selloff on Tuesday. Murphy said he believes the selloff might be over for the time being, but viewers should not panic and remain invested […]

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AT&T to Spin Off WarnerMedia in $43 Billion Discovery Media Merger

​AT&T Inc. said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc. and also cut its dividend by nearly half.AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive a 0.24 shares of Warner Bros. Discovery for each AT&T […]

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Growth Slows at End of 2021 in 19 Countries That Use Euro

The European economy slowed noticeably at the end of last year as surging COVID-19 cases driven by the omicron variant piled on top of supply shortages and rising energy prices that dented consumer purchasing power.The result: An economic winter of discontent that may not lift until later this year.Much of the slowdown came in Germany, […]

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Apple hits new quarterly revenue record despite supply chain troubles

Apple posted its highest quarterly revenue increase in the company’s history on Thursday at $123.9 billion, showing an 11% year-over-year boost during last year’s critical holiday season despite ongoing supply chain challenges and chip shortages. “This quarter’s record results were made possible by our most innovative lineup of products and services ever,” CEO Tim Cook said […]

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General Motors to add 8,000 technical workers this year

DETROIT (AP) — There are more than 8,000 new technical job openings at General Motors, and the automaker plans to fill them during a hiring spree this year. The Detroit automaker is looking for software, computer, mechanical and electrical engineers, as well as battery engineers, cyber security experts and others. GM said in a statement Wednesday that […]

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As Fed meets, investor angst over rate hikes spooks markets

WASHINGTON (AP) — Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve’s meeting Wednesday and whether the Fed will clarify just how fast it plans to tighten credit and potentially slow the economy.With high inflation squeezing consumers and businesses, the Fed is expected to signal that it will […]

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