“China has been playing hard to get for the last several months and they would not talk. Now, they sort of relented. And so, they agreed to talk with American high-level cabinet members on matters that are vital to both nations’ economies. The reason why they relented is because China’s economy is in big trouble,…
[PREMIERING 8PM ET] ‘China’s Economy Is in Big Trouble’—Miles Yu on Janet Yellen’s Trip to China [ATL:NOW]
July 7, 2023
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Mark Levin Says Target Reversed Course, Will Carry His New Book Criticizing Democrats After Saying They Wouldn’t
Conservative author and radio personality Mark Levin says retail chain Target has reversed course and agreed to stock his new book “The Democrat Party Hates America” after initially deciding not to sell the book. On Wednesday, Mr. Levin took to Twitter to say Target had informed his publisher, Simon & Schuster, of its decision not…
FTC Imposes Industry Ban On Extended Vehicle Warranty Scammers
July 7, 2023
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The U.S. Federal Trade Commission (FTC) has instituted an industry ban on operators of an extended vehicle warranty scam that defrauded millions of dollars from Americans. In February last year, the FTC charged Kole Consulting Group and its owner Daniel Kole as some of the defendants who ran the American Vehicle Protection (AVP) operation and…
President Biden Touts ‘Bidenomics’
Commentary President Joe Biden’s speech earlier this month told Americans that they have a mistaken view of the economy. Although the average of polls shows that only some 38.3 percent of American voters have confidence in the president’s handling of the economy, the president thinks he is doing a great job, and his speech aimed to…
House Republicans Say Blackrock, Vanguard’s ESG Policies May Violate Antitrust Law
House Republicans have called on the heads of companies including BlackRock and Vanguard to hand over an array of documents detailing how they developed their decarbonization and net zero emissions targets while warning that their efforts to combat climate change could violate U.S. antitrust law. House Judiciary Chairman Jim Jordan (R-Ohio), Rep. Dan Bishop (R-N.C.), and Rep. Thomas Massie (R-Ky.) sent…
IN-DEPTH: Bank Branch Closures Leave Vacant Buildings, Inconvenienced Customers
July 7, 2023
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When Pamela Bigelow, a lifelong resident of Duncan, Arizona, goes to the bank, she must make a day of it. Duncan, population 677, lost its last bank branch about six years ago. Now, when Duncan residents need cash, a cashier’s check, or to get a loan, they must travel 40 miles to the copper mining…
Wall Street Opens Lower After Payrolls Report
Wall Street‘s main indexes opened lower on Friday after data signaled resilience in the labor market in the face of the Federal Reserve’s aggressive monetary tightening. Data showed U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-month high and fairly strong wage…
Delivery Companies, Including Doordash, Uber, Sue New York City Over Minimum Wage Law
July 7, 2023
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Multiple food-delivery services filed a lawsuit against New York City on July 5 seeking to block a new law establishing higher minimum wages for food-delivery workers, including app-based delivery workers. DoorDash and Grubhub filed a joint lawsuit against the city in the Supreme Court of the State of New York, while Uber, the parent company of Uber…
Ruby Princess Cruise Ship Carrying 4,000 People Crashes Into San Francisco Pier
July 7, 2023
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A Princess Cruises ship carrying nearly some 4,000 people smashed into a pier in San Francisco this week while the vessel was trying to dock, officials said. In a statement, the company said that the ship “made unexpected contact” with the Pier 27 dock at the Port of San Francisco on Thursday. The U.S. Coast…
Job Growth Slows to 209,000 in June, Falling Below Expectations
The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS). This also came in below the consensus estimate of 225,000 and represented the lowest level of job creation of President Joe Biden’s time in the White House. Employment growth has…
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