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Tuesday, November 19, 2024

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Existing Home Sales on Track for Worst Year Since at Least 2008

(Brett Rowland, The Center Square) Existing home sales are on track for a dismal year, likely dropping 18% and on course for the worst year since at least 2008's Great Recession and possibly the worst since 1995. And while prices may soften in 2024, single-family homes will remain out of...

Consumers Relying More on Installment Plans for Holiday Shopping

(Headline USA) Consumers are expected to use “buy now, pay later” payment plans heavily this Christmas season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells. The short-term loans often come with consumer-friendly interest rates and allow shoppers to make an initial payment at...

Military Aircraft Manufacturer to Get $35M in Funding from CHIPS Law

(Headline USA) The Biden administration announced the first of many coming federal investments in computer chip production, saying Monday that it would provide $35 million for BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets. The revelation is likely...

Biden’s ‘Over a Billion, 300 Million, Trillion’ Claim Raises Concerns

(Luis Cornelio, Headline USA) President Joe Biden was caught on Friday using an astronomically fabricated figure while highlighting his purported multi-billion-dollar investment in 10 major passenger rail projects.  During a speech in Las Vegas marked by several verbal stumbles, Biden declared that his administration would be investing “over a billion, 300...

Pfizer Shuts Down Weight Loss Pill Because of Side Effects

(Eli Pacheco, Headline USA) Pfizer on Friday said it would stop trials of its latest weight-loss pill due to the severe side effects, according to CNBC. Six hundred obese adults without Type 2 diabetes participated in recent trial for danuglipron which tracked weight loss after 26 or 32 weeks, at...

Biden Admin. Fines Trucking Co. $700K for Checking Workers’ Immigration Status

(Jon Styf, The Center Square) Chattanooga’s Covenant Transport and Transport Management Services have been fined $700,000 by the U.S. Department of Justice for discriminating against immigrants by asking for green cards. Between January 2020 and August 2022, the companies were found to have routinely asked non-U.S. citizens to show their...

Residents in Biden’s Hometown Blast His Claims About the Economy

(Headline USA) Residents of President Joe Biden’s hometown blasted the president’s economic agenda this week, arguing that inflation is still hurting their wallets despite his assurances otherwise. In an effort to push “Bidenomics,” the White House has claimed repeatedly that inflation rates and high prices continue to drop. In a Nov....

Disney CEO Blames Abysmal Box Office Sales on COVID, Streaming

(Headline USA) As Disney’s latest movies continue to crash and burn at the box office due to backlash over the company's woke virtue-signaling and pandering to identity politics, CEO Bob Iger blamed the abysmal performances on the COVID-19 pandemic. One of Disney’s latest busts was The Marvels, which it spent $274.8...

New Evidence Shows Monthly Payments to President Biden from Hunter’s Business

(Casey Harper, The Center Square) House Oversight Committee Chair Rep. James Comer, R-Ky., released evidence Monday of regular monthly payments from one of Hunter Biden’s business entities to his father, President Joe Biden. Comer released bank records obtained via subpoena that allegedly show direct monthly payments from one of Hunter...

Bitcoin Soars Past $41K for 1st Time in 20 Months

(Headline USA) Bitcoin is once again having a moment. On Monday, the world's largest cryptocurrency soared past $41,000 for the first time in over a year and a half—and marking a 150% rise so far this year. Volatile bitcoin rocketed from just over $5,000 at the start of the pandemic to...

Nearly 4,000 Auto-Dealers Beg Biden to Lay Off EV Mandate

(Shirleen Guerra, The Center Square) About 4,000 auto dealers from all 50 states have signed a letter to President Joe Biden saying electric vehicles are "stacking up on our lots" as the demand for electric cars has “stalled.” "BEVs are stacking up on our lots," the auto dealers stated...

Biden Hilariously Fact-Checked Following Ludicrous ‘0%’ Inflation Claim

(Luis Cornelio, Headline USA) President Joe Biden faced significant fact-check scrutiny after promoting his economic policies with a claim that inflation "was 0% last month," leading to widespread ridicule from Republican lawmakers, political commentators and Twitter users. Despite Biden's attempt to project a cheerful picture of economic stability, critics countered his...
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