Commentary For most economists and politicians, the role of central bank authorities is to make the economy as stable as possible. What do they mean by economic stability? Economic stability refers to an absence of excessive fluctuation, so an economy with constant output growth and low and stable price inflation is likely to be regarded…
Federal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
Stocks Fall on Wall Street at the End of a Bruising Week
NEW YORK—Stocks fell in late morning trading on Wall Street Friday and are headed for another week of declines following a massive pullback two days ago. The S&P 500 fell 0.7 percent as of 11:27 a.m. Eastern, and is on track for its seventh straight weekly decline after getting close to entering a bear market…
Canceling Student Loans Will Worsen Inflation, Hurt the Poor: Experts Warn
President Joe Biden is making a final decision on whether to fulfill his campaign pledge to cancel student loans at a politically precarious time. Biden wants to avoid alienating his young supporters ahead of the November elections, but he faces a tough choice as canceling student debt in the midst of high inflation might spark…
Canceling Student Loans Will Worsen Inflation, Hurt the Poor: Experts
President Joe Biden is making a final decision on whether to fulfill his campaign pledge to cancel student loans at a politically precarious time. Biden wants to avoid alienating his young supporters ahead of the November elections, but he faces a tough choice as canceling student debt in the midst of high inflation might spark…
UK Consumer Confidence Drops to Lowest Level Since Records Began
Consumer confidence in the UK has dropped to the lowest level since records began nearly five decades ago, business intelligence firm Growth from Knowledge (GfK) has said. GfK’s long-running Consumer Confidence Index decreased two points to minus 40 in May, the lowest score since records began in 1974. The data comes as UK inflation reaches…
Project Veritas Says FBI Internally Declared It a Media Outlet Before Claiming It Is Not
May 20, 2022
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Business & EconomyCompaniesconstitutional rightsExecutive BranchFBIFeatured TopicsPoliticsProject VeritasUSUS News
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The FBI deemed Project Veritas a media outlet in an internal document before claiming in public it does not conduct journalism, the nonprofit journalism group said in a new court filing. An FBI whistleblower was said to have passed the document to Project Veritas. It states that the bureau opened an investigation on Oct. 29,…
Deere Lifts Profit Forecast, but Shares Slip on Revenue Miss
Deere & Co. raised its 2022 profit forecast on Friday as gaps in grain supplies triggered by Russia’s invasion of Ukraine drive global crop price higher, but the heavy equipment maker’s stock fell after its quarterly revenue missed analysts’ forecasts. The Moline, Illinois-based firm forecast fiscal 2022 net income, including special items, of $7.0 billion…
The Best Stock Investments During a Recession
The Dow Jones Industrial Average has lost roughly 14 percent in the five months of the year. The tech-heavy Nasdaq Composite Index slipped into a bear market by falling 27 percent year-to-date. The S&P 500 is on the bear market’s doorstep by tumbling 18 percent. The latest performances in the stock market could give investors…
Danone Imports of Baby Formula Into United States Spiked Following Shortages
May 20, 2022
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Abbott Laboratoriesbaby formulaBusiness & EconomyCompaniesDanoneeconomyEuropeInternationalUSUS NewsWorld
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In view of current shortages, French multinational food product corporation Danone has started significantly increasing its imports of infant formula from Europe to the United States, according to an analysis by Reuters. Ocean Audit, a U.S. customs data and shipping consultancy, examined ocean cargo data for the media company and found that Danone shipped baby…
Elon Musk Denounces Business Insider’s Report Alleging Sexual Harassment
Elon Musk has denounced claims made against him in a new report by Business Insider on Thursday, calling them “wild accusations” that are “utterly untrue” while vowing to continue with his plan to protect freedom of speech on Twitter if his bid to purchase it goes through. SpaceX founder Musk took to the social media platform…
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