Saturday, April 19, 2025

FINANCE

Ben & Jerry’s Loses $111M in Pension Funds over Israel Boycott

Ben & Jerry’s lost $111 million in pension funds for its parent company, Unilever, because of its boycott of Israel. The New York State Common Retirement Fund announced on Thursday that it would pull tens of millions of dollars in investments out of Unilever because Ben & Jerry insists on...

Iowa Passes Bill Guaranteeing Unemployment for Workers Fired Over Vax Mandate

Iowa passed a bill on Thursday that would guarantee workers who are fired over the Biden administration's COVID-19 vaccine mandates are eligible to receive unemployment benefits. The bill makes sure employees who are denied medical and religious exemptions from vaccine mandates will be protected under state law and eligible for...

Bank Leaders Bash Biden’s IRS Snooping Plan

(The Center Square) House Republicans held a meeting Tuesday to invite banking leaders to share their feedback on President Joe Biden’s proposed IRS monitoring program, which has been met with widespread disapproval and skepticism. For months, Biden has looked to beef up IRS auditing to help fund several trillion dollars...

Woke Treasury Dept. Names First Counselor for Racial Equity

(Headline USA) The Treasury Department has hired a former JPMorgan Chase executive to head a new government program aimed at combatting racial inequality issues in banking and other financial-services industries. Treasury Secretary Janet Yellen said Monday that Janis Bowdler will be the department's first counselor for racial equity, part of...

CARTER REDUX: Fed Warns that Biden’s ‘Normal’ Economy May Be in Recession

After Democrats promised a “return to normalcy” with a Biden presidency, the Atlanta Federal Reserve is warning Americans that at least as to the economy, not so fast. The Atlanta Fed's Q3 GDP forecast/nowcast started out at 6.3% back in early August. Here in mid-October, we're close to ZERO. In...

SHOCK POLL: Only 4 in 10 Dems Blame Biden for Inflation

(The Center Square) Amid a growing number of self-inflicted crises and perpetual mismanagement, a Morning Consult/POLITICO poll released Wednesday found that around 60% of all self-identified Democrats remained in strict denial about the root cause of the problem: the Biden administration. Inflation has continued to rise in the last year,...

Expert Says Business Relations w/ China a ‘Very Dangerous Thing to Do’

A leading authority on business in China, China Beige Book CEO Leland Miller, told Fox’s Maria Bartiromo that the days of easy business with China are likely done. Pursuing business in China today is “a very dangerous thing to do,” Miller said on Mornings with Maria. He said financial and multinational...

Biden’s Financial Meltdown Threatens Holidays w/ Delays, Shortages and Price Hikes

(The Center Square) A series of economic struggles that have grown increasingly worse this year will likely have a significant impact on the holiday season, many economic experts predict. After President Joe Biden gave remarks from the White House this week, one reporter called out, “Will Christmas presents arrive on...

NC Treasurer Pressured to Divest from Anti-Semitic Ben & Jerry’s

(Nyamekye Daniel, The Center Square) North Carolina will hold off on withdrawing its investments from Ben & Jerry's holding company Unilever because of its decision to leave the Occupied Palestinian Territory (OPT), State Treasurer Dale Folwell announced last week. Folwell was pressured by ethics watchdog group National Legal and Policy...

Biden Revises IRS Snooping Threshold to $10K; Banks Still Opposed

(The Center Square) The Biden administration is making changes to its plan to require banks to report to the IRS on all accounts with at least $600, but banks say those changes are not enough. Biden has pitched increasing federal tax revenue through more auditing and a stricter IRS as...

Budget Reconciliation Bill Includes $6B in Fines, Fees on Oil and Gas Industry

(Bethany Blankley, The Center Square) About $6 billion in new taxes, fees and fines specific to the oil and gas industry are on the table in President Joe Biden's $3.5 trillion budget reconciliation plan before Congress. Four groups representing hundreds of oil and gas businesses have urged Congress to scrap...

Fed Chairman Sold Up To $5M in Stocks Before Market Crashed During COVID

Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million in stocks right before the Dow took a dive at the beginning of October 2020, according to public disclosures. The disclosure, obtained by the American Prospect, shows Powell sold up to $5 million worth of Vanguard Total Stock...
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