Category Archives for News

OPEC Says To Biden: If You Want More Oil, Pump It Yourself

​OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then it has the capability to increase production itself. The OPEC+ alliance, made up of OPEC members led by Saudi Arabia and non-member top […]

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Pilots take matters into their own hands after Biden’s vaccine mandate

A major North Carolina airport saw pilots protesting Saturday against President Biden’s new vaccine mandate, as the airline industry already struggles with staffing shortages amid an inoculation push. A group called the US Freedom Flyers organized a rally outside Charlotte-Douglas International Airport Saturday, as pilots for major airlines and other supported protested against Biden’s latest […]

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Bill Could Give Four Weeks of Paid Leave to People Without Jobs

Democrats’ spending bill could give four weeks of paid leave to people without jobs. Rep. Greg Murphy told Fox Business that the Democrats’ legislative process has been a ‘disaster.’The latest version of the House Democrats’ massive $1.7 trillion reconciliation bill contains a provision guaranteeing four weeks of federal paid medical and family leave, even if you’re […]

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Biden Says He’ll Announce Fed Nominations ‘Fairly Quickly’

President Joe Biden said Tuesday that the White House will be making an announcement about his nominations to lead the U.S. Federal Reserve “fairly quickly.”Biden told reporters that he has been thinking about personnel decisions, including whether to re-nominate Fed Chair Jerome Powell, and that he expected there would be “plenty of time” for his […]

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Elon Musk has one request of Tesla’s new hometown

Elon Musk recently announced he’s moving Tesla’s headquarters from California to TexasMusk warned Sunday against turning the city of Austin, Texas, into a “San Francisco copycat.””Austin should be its city, not a San Francisco copycat,” the billionaire tweeted. Exploit a Step-by-Step Blueprint and EARN Consistent Daily Income from the Most Predictable & Profitable Market on […]

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Costco reportedly raises minimum wage to $17 an hour

Costco Wholesale Corporation raised its minimum wage to $17 an hour this week, according to reports.”Effective October 25, 2021, we will adjust the starting hourly wages for new employees in the U.S. to $17.00/hour for Service Assistants, $18.00/hour for Service Clerks and $18.50/hour for Meat Cutters,” an Oct. 19 memo provided to TODAY Food read. […]

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Raytheon Warns of Worker Losses as Companies Impose Vaccine Mandate

Raytheon Technologies’ top boss warned on Tuesday the U.S. aerospace and defense firm will lose ‘several thousand’ employees who refused to take COVID-19 vaccines, as it prepares to meet the Biden administrations’ Jan. 1 deadline for immunization.”We will lose several thousand people,” Raytheon Chief Executive Greg Hayes said in a CNBC interview on Tuesday, adding […]

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Amazon Signals Holiday Shipping Readiness Despite Supply Chain Crunch

Amazon indicated Monday that it is prepared to handle an influx of orders during the busy holiday shopping season, despite supply chain problems that have led to shipping delays and shortages of key products.The e-commerce giant described several steps it has taken to alleviate supply chain concerns in recent months, including doubling its cargo container […]

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Stock Futures Pause After Dow Hits Record

U.S. stock futures were little changed after the Dow Jones Industrial Average closed the prior week at a record high.Futures on the S&P 500 strengthened 0.1% and futures tied to the Dow Jones Industrial Average were flat. Changes in equity futures don’t necessarily predict moves after the opening bell.In Europe, the Stoxx Europe 600 meandered […]

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Fed Bans Stock Trading, Restricts Other Investing Activities by Senior Officials

The U.S. Federal Reserve on Thursday banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their investing activities roughly six weeks after reports of active trading by some senior policymakers triggered an ethics uproar.The new rules will limit the types of financial securities the […]

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