News
Biden Invokes Defense Production Act to Ease Baby Formula Shortage
After weeks under increasing pressure to address the problem, President Joe Biden is invoking the Defense Production Act to ease...
U.S. Soccer Federation Announces Equal Pay Deal
The U.S. women’s national soccer team just achieved what can be the most meaningful victory in its illustrious legacy, after...
Target Reports a 52% Drop in Profit
Target reported a 52% drop in profit for the first quarter, falling by far Wall Street’s expectations. Just as other...
Powell Says the Fed Will Not Hesitate to Keep Raising Rates
Federal Reserve Chair Jerome Powell said he will back interest rate increases until prices start falling back toward the 2%...
Retail Spending Increased 0.9% in April
Despite an ongoing surge in prices April’s retail sales rose about in line with Wall Street expectations. Monthly sales rose...
Dispute Over Twitter Fake Users Escalates
Elon Musk said his $44 billion deal to buy Twitter “cannot move forward” unless the company can prove that less...
Walmart Miss Earnings Expectations Dented by High Inflation
Under pressure from fuel prices, higher inventory levels and overstaffing, Walmart missed its earnings expectations for the fiscal first quarter....
Covid Hits China’s Economy Harder Than Expected
China has reported shocking drops in retail sales and factory production, widely missing market expectations. According to China's National Bureau...
Jeff Bezos Criticizes Biden Tweet on Inflation
President Joe Biden and Billionaire Jeff Bezos just reminded everyone that they agree to disagree. After the president tweeted last...
McDonald’s Will Sell its Russia Business After 32 Years
After 32 years operating in Russia McDonald’s has announced its decision to leave the country, laying out plans to sell...
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