Month: April 2023

Leading Economic Indicator Sinks to Lowest Level in 28 Months: ‘Worsening Economic Conditions Ahead’

A leading economic indicator fell to its lowest level in 28 months, as signs point to a recession later this year. The latest Conference Board Leading Economic Index (LEI) report, published on April 20, fell 1.2 percent in March, for the twelfth month in a row, higher than The Wall Street Journal’s estimate of a 0.7 percent…


Canada’s EV Battery Contract With Volkswagen Could Be Worth More Than $13 Billion

German auto giant Volkswagen has secured an exclusive contract with Canada that could be worth more than $13 billion over the next 10 years to build an electric-vehicle battery plant in southwestern Ontario. Volkswagen announced last month it had chosen the city of St. Thomas, Ont., to build its first overseas gigafactory. The plant, which…


Shocking Truth Behind LA Mayor’s $1.3 Billion Homelessness Plan: Real Solution or Money Grab? | The Larry Elder Show | EP. 154

On Tuesday, Karen Bass, the mayor of Los Angeles, presented her inaugural city budget, which includes provisions to address the homelessness crisis, boost mental health services, and bolster LAPD recruitment. The budget allocates almost $1.3 billion to combat homelessness. Paul Scrivano, the owner of the Blue Dog Tavern in Sherman Oaks outside of Los Angeles,…


PREMIERING NOW: Shocking Truth Behind LA Mayor’s $1.3 Billion Homelessness Plan: Real Solution or Money Grab? | The Larry Elder Show | EP. 154

On Tuesday, Karen Bass, the mayor of Los Angeles, presented her inaugural city budget, which includes provisions to address the homelessness crisis, boost mental health services, and bolster LAPD recruitment. The budget allocates almost $1.3 billion to combat homelessness. Paul Scrivano, the owner of the Blue Dog Tavern in Sherman Oaks outside of Los Angeles,…


PREMIERING 4 PM ET: Shocking Truth Behind LA Mayor’s $1.3 Billion Homelessness Plan: Real Solution or Money Grab? | The Larry Elder Show | EP. 154

On Tuesday, Karen Bass, the mayor of Los Angeles, presented her inaugural city budget, which includes provisions to address the homelessness crisis, boost mental health services, and bolster LAPD recruitment. The budget allocates almost $1.3 billion to combat homelessness. Paul Scrivano, the owner of the Blue Dog Tavern in Sherman Oaks outside of Los Angeles,…


China’s March CPI, PPI Falls

China’s consumer price index (CPI) and producer price index (PPI) data for March both fell short of expectations year-on-year. The communist regime’s economic development model is in a vicious cycle of balance-sheet recession, says an economist, and this is just the tip of the iceberg. China’s economic winter will worsen, he predicts. China’s CPI rose…


Biden Proposes $100 Billion Budget Fix for US ‘Affordable Housing Crisis’

President Joe Biden’s fiscal 2024 (FY24) budget request seeks $73.3 billion for the Department of Housing and Urban Development (HUD), a $1.1 billion increase from its fiscal 2023 budget, and calls for a dramatic boost in affordable housing allocations over the next decade. HUD’s proposed spending plan incorporates annual budget requests from 16 offices within…


Biden Proposes $100 Billion Budget Fix for America’s ‘Affordable Housing Crisis’

President Joe Biden’s Fiscal Year 2024 (FY24) budget request seeks $73.3 billion for the Department of Housing and Urban Development (HUD), a $1.1 billion increase from its FY23 budget, and calls for a dramatic boost in affordable housing allocations over the next decade. HUD’s proposed spending plan incorporates annual budget requests from 16 offices within…


Musk Says Tesla Will Put Sales Growth Ahead of Profit

Tesla Inc. boss Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy. The company posted its lowest quarterly gross margin in two years, missing market estimates, as it slashed…


Elon Musk on Economy: ‘Stormy Weather’ for Next 12 Months

Tesla CEO Elon Musk expects the U.S. economy to endure a period of “stormy weather” over the next year amid a blend of higher interest rates, tighter lending conditions, and layoff fears. The latest earnings reports in the first-quarter earnings season and the Federal Reserve’s “Beige Book,” a monthly report of business survey responses, might support his…