Tag: Business & Markets

How Major US Stock Indexes Fared July 21

Wall Street drifted to a mixed closed but still marked another weekly gain. The S&P 500 eked out a gain of less than 0.1 percent Friday. The index had its eighth winning week in the last 10. The Dow edged up just 2 points and the Nasdaq fell 0.2 percent a day after tumbling to…


‘Serious Doubt’ Raised About COVID-19 Vaccine Safety After Forced Release of 15,000 Pages of Clinical Trial Data

Conservative public interest advocacy group Defending the Republic (DTR) has obtained almost 15,000 pages of Moderna’s COVID-19 vaccine clinical trial data, claiming the data show an “utter lack of thoroughness” of the trials and calls the vaccine’s safety into “serious doubt.” As a result of successful Freedom of Information Act (FOIA) litigation against the U.S….


‘Sound of Freedom’ Breaks Expectations, Hits $100 Million at Box Office

Despite a bevy of negative articles from mainstream media outlets like Rolling Stone and Bloomberg News, the anti-child-trafficking movie “Sound of Freedom” has generated $100 million at the box office since it made its debut several weeks ago. The low-budget film featuring actor Jim Caviezel is based on the life of Tim Ballard, the founder…


US Mortgage Rates Fall in Biggest Decline Since March

U.S. mortgage rates dropped from an eight-month high, after nearing 7 percent last week, as inflation slows ahead of next week’s Federal Reserve policy meeting. The Fed’s aggressive interest-rate hike policy sent mortgage rates well above 7 percent last year, causing the once booming housing market to crash. Rates have been slow to decline from the nearly two-decade high,…


The Fed Is Raising Rates, but What About the $8.3 Trillion Balance Sheet?

All financial eyes will be on next week’s policy meeting of the Federal Open Market Committee (FOMC). The futures market is penciling in a quarter-point increase to the benchmark federal funds rate. But while all the focus among economists, investors, and market analysts is on interest rates, what about the Federal Reserve’s massive balance sheet?…


ANALYSIS: The Fed Is Raising Rates, but What About the $8.3 Trillion Balance Sheet?

News Analysis All financial eyes will be on next week’s policy meeting of the Federal Open Market Committee (FOMC). The futures market is penciling in a quarter-point increase to the benchmark federal funds rate. But while all the focus among economists, investors, and market analysts is on interest rates, what about the Federal Reserve’s massive…


Anheuser-Busch Under Fire From DeSantis For Potential Losses to Pension Fund

Florida’s Republican Governor Ron DeSantis has asked officials to review Bud Light owner Anheuser-Busch, alleging that the company’s controversial actions, which led to a nationwide boycott, have resulted in potential losses to the state pension fund. In a July 20 letter (pdf), written to the head of Florida’s State Board of Administration (SBA), Mr. DeSantis…


[PREMIERING 7/22, 7:30PM ET] [EXCLUSIVE] Matt Taibbi: How Hidden Actors Distort Reality, Manipulate the Public, and Enforce Consensus

“This is the new technology of speech in America: You can dial people all the way up to ‘everybody sees it,’ and you can dial someone else down to ‘it’s almost impossible to see them.’ And that is extremely dangerous, and it’s especially dangerous if it’s done in secret and nobody knows exactly how it…


ANALYSIS: Is the De-banking Problem Solvable?

Coutts Bank’s 40-page dossier on Nigel Farage has shone a light on the nagging suspicion that banks may have been dropping customers over political views they have deemed unfavourable. The high-profile de-banking of the broadcaster and former UKIP and Brexit Party leader has led to an apology from the bank’s boss, and the Treasury has announced…


Federal Agency Investigating Why Delta Passengers Forced to Sit on Tarmac in Extreme Heat

Transportation Secretary Pete Buttigieg confirmed the Department of Transportation (DOT) is now investigating why Delta Air Lines passengers remained on a plane in high heat with no air conditioning at a Las Vegas airport earlier this week. “The reports are shocking and we are investigating, I want to know how it was possible for passengers to…