Tag: Business & Markets

Americans Not Sold on ‘Bidenomics’: Poll

In June, President Joe Biden began an “Investing in America” tour to explain across the country how “Bidenomics” is working to improve the economy. But only 3 in 10 Americans think the economy is improving, according to a new Monmouth University poll. In recent weeks, Mr. Biden has campaigned on the slogan “Bidenomics,” associating his…


[PREMIERING 7/20, 7:30PM ET] Defecting From the ‘Ultimate Propaganda Country’: Hyun-Seung Lee on North Korea’s Oppressive Regime, Its Relationship With China, and Its Nuclear Bluster

“I’ve communicated with some people inside of North Korea, and I heard from them that the recent famine is very similar to [the] 1990s famine. And, as we all know, almost 3 million people died of starvation during that time.” Hyun-Seung Lee, otherwise known as “Arthur” Lee, is a former member of the North Korean…


US Venture Capital Firms Are Supporting China’s Military: House Panel

Leadership from the House Select Committee on the Chinese Communist Party (CCP) is launching investigations into several U.S. companies that it claims are funding China’s development of artificial intelligence (AI) and military modernization. Select Committee Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi (D-Ill.) sent letters to the leaders of four American venture capital…


Warnings Issued About Looming UPS Strike, Affecting 30 Percent of Parcels

A U.S. retail industry group on Wednesday urged the Teamsters Union and United Parcel Service (UPS) to come to an agreement to avert a strike, warning that it could cause billions of dollars in economic losses. The Teamsters and UPS have until July 31 at midnight to reach a new contract deal for hundreds of…


LIVE NOW: Biden Announces New Actions to Encourage Competition in the US Economy

President Joe Biden convenes a meeting of his competition council at 3:00 p.m. ET on July 19 to announce new actions to increase competition in the American economy to lower prices. …


Biden Announces New Actions to Encourage Competition in the US Economy

President Joe Biden convenes a meeting of his competition council at 3:00 p.m. ET on July 19 to announce new actions to increase competition in the American economy to lower prices. …


J&J Sues Biden Administration to Block Medicare Drug Price Negotiations

Johnson & Johnson sued to stop the U.S. government from empowering Health and Human Services (HHS) to negotiate lower drug prices for Medicare recipients. The major drugmaker became the third player in the industry attempting to halt the Medicare drug-price negotiations established by the Inflation Reduction Act (IRA), in a claim filed in the U.S. District…


New Jersey Governor Seeks to End All Gas-Powered Vehicle Sales by 2035

New Jersey Gov. Phil Murphy proposed rules this week requiring car manufacturers to increase the sales of electric vehicles and would mandate a total ban of all gas-powered vehicles over the next 12 years. In a news release on Monday, the Democrat governor announced the Advanced Clean Cars II proposal was submitted to the state’s Office…


Falling Petrol and Diesel Prices Drove Inflation Down to 7.9 Percent: ONS

The UK’s annual inflation rate in June has slowed down to 7.9 percent, largely driven by falling motor fuel prices, according to figures published on Wednesday by the Office for National Statistics (ONS). The drop, bigger than some forecasts, left economists wondering whether the Bank of England (BoE) would go easier on its next interest rate hike,…


Air Taxis May Start Operations in 2025: FAA

The U.S. Federal Aviation Administration (FAA) released a plan on Tuesday to start air taxi operations in the country as early as 2025—opening the pathway toward a futuristic mode of transportation within urban regions. An air taxi is a flight service that uses small aircraft to transport people over short distances. They typically offer a…