FINANCE

(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...

(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...

(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...

(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...

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...

Arkansas Gov. Asa Hutchinson, considered by some to be a "Republican in Name Only," said he supports employer vaccine mandates even while other Republican states ban them as an infringement on personal liberty. Referring to the other GOP states that have banned vaccine mandates, such as Florida and Texas, Hutchinson...

According to President Joe Biden's press secretary, Jen Psaki, inflation is good for America and Americans in general. Psaki told CNN on Friday that inflation is a "good thing" because it indicates that "consumers" are buying more things. In reality, inflation is largely the result of the government itself pumping more...

During a historic worldwide supply-chain crisis that is largely the result of inadequate shipping needs, Transportation Secretary Pete Buttigieg is nowhere to be found. As Politico reports, "Pete Buttigieg has been MIA." The "mission" of the Transportation Secretary, according to the U.S. Department of Transportation, is "to ensure America has the...

(Mike Gleason, Money Metals Exchange) A big week for precious metals markets as inflation pressures push consumer prices to painful new heights. On Thursday, the U.S. Labor Department reported that inflation at the wholesale level is up 8.6% from a year ago. That’s the steepest annual advance since the data...

Stacey Abrams, the failed gubernatorial candidate from Georgia, secured $29 million dollars in financing for the tech company that she co-founded, called Now Corp, according to the Washington Examiner. “Now Corp. announced on Thursday it is partnering with Brigade Capital Management and Virgo Investment Group. With Brigade Capital Management now...

Treasury Secretary Janet Yellen claimed in an interview with CBS’s Norah O'Donnell that proposal by the Biden administration to have the IRS monitor all bank transactions over $600 was designed to go after “billionaires” who are cheating the government, not to monitor the transactions of ordinary citizens. While Yellen didn’t...

Southwest Airlines CEO Gary Kelly spoke out against President Joe Biden's vaccine mandates in an interview on Tuesday with CNBC, suggesting that his company only followed the rule because they had to. “I’ve never been in favor of corporations imposing that kind of a mandate. I’m not in favor of...