Wednesday, April 9, 2025

FINANCE

Biden Braced for ‘Extraordinarily’ High Inflation; It Was Worse Than Expected

(John Ransom, Headline USA) According to media reports, the Biden administration was bracing for an “extraordinarily” high reading before the Tuesday morning release of the official inflation numbers. On Monday, White House propagandists frantically began to spin the situation by deflecting blame onto Democrats' favorite scapegoat, Russia. “We expect March CPI ...

Kmart Latest Victim of Biden’s Failing Policies

(Headline USA) Already struggling to survive, the former retail giant Kmart is collapsing under the weight of Bidenomics with its roaring inflation and crippled supply chains, as its store in Avenel, New Jersey, shelves bare, prepares to close its door April 16. Once it shutters, the number of Kmarts in the...

Newest Excuse for Biden Economic Woes: ‘War-cession’

(John Ransom, Headline USA) With the messaging having fallen flat on the Biden administration's efforts to dub recent pain at the pump as "Putin's price hike," a veteran investor is inventing a new excuse to latch onto for the poor economic performance. Strategist David Roche called an anticipated recession in the...

Musk Muscled Off Twitter Board, Now Free to Buy More Stock

(Headline USA) Tesla CEO Elon Musk won't be joining Twitter's board of directors as previously announced. The tempestuous billionaire remains Twitter’s largest shareholder. Twitter CEO Parag Agrawal tweeted the news, which followed a weekend of Musk tweets suggesting possible changes to Twitter, including making the site ad-free. Nearly 90% of...

Illinois Dems’ Plan to Force Retailers to Post ‘Tax Relief’ Details is Propaganda

(The Center Square) Budget bills introduced by Illinois Democrats in the waning hours of session and that were passed early Saturday will require private-sector retailers to notify consumers of temporary "tax relief" measures included in them. Critics say the requirements are an unconstitutional violation of free speech rights and...

Newly Woke Fed Claims Rate Hikes a Form of Racial Equity

(Headline USA) As the Federal Reserve intensifies its efforts to tame high inflation, caused many critics contend by failing policies implemented by the Biden administration, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality. That thinking marks a sharp reversal from...

Yellen Pushes Forward on Gov’t Regulation of Cryptocurrency

(Headline USA) Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions, which should surprise absolutely nobody. One potential upside is that users would get documentation of their crypto dealings for use in filing their taxes. “Taxpayers should...

Eyeing Stock Market and Inflation, Fed Says Rate Hike Likely

(John Ransom, Headline USA) In a double whammy, the Federal Reserve minutes showed members are looking at both reducing their balance sheet of securities and raising interest rates. The total effect will be to make money more expensive for everybody from homeowners and car buyers, to companies to borrow money that...

Trump-Linked DWAC Stock Falls as Truth Social Continues to Sputter

(Headline USA) Shares in a company planning to buy Donald Trump's new social media business plunged Monday on a news report that two key staff members left, deepening losses from last week when it said it would miss a deadline to file its annual financial statements. Digital World Acquisition Corp....

Amazon Plotting to Censor Employees, Suppress Pro-Union Sentiment

(Mark Pellin, Headline USA) Known for its smiling A-to-Z customer service, tech titan Amazon is apparently exploring a move to crush any dissent in its employee ranks, in the wake of one of its New York warehouses voting to unionize. An internal messaging app being designed for employees has the potential...

Energy Groups Target Biden on Bindenflation

(John Ransom, Headline USA) Two American energy groups are blasting President Biden for shutting down American oil and gas drilling at a time that oil and gas prices are making historic highs, said Fox News. Thomas Pyle, President of the American Energy Alliance, criticized Biden for releasing a million barrels from...

Ruble Rebound Casts Doubts on Russia Sanctions as Americans Suffer

(Headline USA) The ruble is no longer rubble. The Russian ruble by Wednesday had bounced back from the fall it took after the U.S. and European allies moved to bury the Russian economy under thousands of new sanctions over its invasion of Ukraine. While the West has imposed unprecedented levels of...
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