The U.S. economy is heading for a “very serious” recession later this year that may be the “worst downturn” since the late 1990s, according to a venture capitalist. Craft Ventures co-founder and general partner David Sacks said that “sentiment is so negative” right now “because the market has sort of collectively realized that the highs…
Americans Should Prepare for a ‘Very Serious Recession’ Later This Year: Venture Capitalist
Gas Prices Expected to Surpass $6 per Gallon Nationwide by August: JPMorgan Analysts
The average price for a gallon of regular gas nationwide is expected to exceed $6 by the end of summer 2022, after surpassing $4 per gallon in all 50 states on May 17. Prices could surge another 37 percent by August to an estimated national average of $6.20 per gallon, according to a note from JPMorgan analysts…
White House Designates Elon Musk ‘Anti-Labor Billionaire’
May 19, 2022
admin
biden administrationBusiness & EconomyCompaniesDemocratsElon MuskExecutive BranchPoliticsUSWhite House
0 Comment
The administration of President Joe Biden has responded to criticism from Elon Musk, designating the Tesla CEO and prospective Twitter owner as an “anti-labor billionaire” while touting Biden’s ostensible pro-labor credentials. During a recent appearance on the “All-In Podcast,” Musk said that Biden “doesn’t seem to get a lot done,” in contrast to the Trump…
Twitter Rolls Out New ‘Crisis Misinformation’ Policy
May 19, 2022
admin
Big Tech, Censorship, and SocialismBusiness & EconomyCompaniescrisisFeatured TopicsMedia & Big TechSocial MediaTechTwitterUSUS News
0 Comment
Twitter on Thursday said it is rolling out a new “crisis misinformation” policy that is intended to target false information during crises. “To determine whether claims are misleading, we require verification from multiple credible, publicly available sources, including evidence from conflict monitoring groups, humanitarian organizations, open-source investigators, journalists, and more,” Twitter said in a post…
What Happens When Central Banks Attempt to Tighten? Even More Resource Misallocation
Commentary After a prolonged period of easy monetary policy, the U.S. Federal Reserve has embarked on a tighter monetary stance. On May 4, 2022, the Fed raised its benchmark interest rate by 0.50 percent, to a target range between 0.75 percent and 1.00 percent. The hike is the largest since 2000 and follows a 0.25 percent increase in…
China’s Lockdowns Are Destroying Its Economy
May 19, 2022
admin
Business & EconomyBusiness ColumnistsChinaChina Business & EconomylockdownsOpinionThinking About China
0 Comment
Commentary Not one vehicle was sold in Shanghai in April, according to the Shanghai Automobile Sales Association on May 16. This is a direct result of lockdowns in which citizens no longer need their cars—and can’t afford them anyway. According to China’s National Bureau of Statistics, factory output and consumer spending tumbled last month, while the…
Tesla Vehicles Can Be Hacked via Bluetooth Vulnerabilities: Research Paper
Tesla vehicles can be unlocked and operated using a new hacking method that employs Bluetooth Low Energy (BLE), according to a research paper by analysts at NCC Group, a global expert in cybersecurity and risk mitigation. NCC created a tool for carrying out a new type of BLE relay attack that could be used on…
Yellen Dismisses Possibility of US Recession But Admits Inflationary Risks
Secretary of the Treasury Janet Yellen dismissed the possibility that the United States might enter into recession anytime soon while speaking at a press conference ahead of the Group of Seven (G-7) finance ministers meeting in Germany. “We are in a global environment where there are significant risks and pressures, but I really don’t expect…
Telefonica Sells 7.08 Percent Stake in El Pais Owner Prisa for 34 Million Euros
MADRID—Spanish telecom firm Telefonica said on Thursday it agreed to sell a 7.08 percent stake in the media group Prisa, the publisher of El Pais newspaper, for 34 million euros. Telefonica agreed to sell the stake with a 17 percent premium over the closing price on Wednesday to privately held Spanish firm Global Alconaba. Telefonica will…
Stocks Slip on Wall Street, Edge Closer to Bear Market
NEW YORK—Stocks fell in morning trading on Wall Street Thursday, deepening a slump for major indexes as persistently high inflation continues to weigh on the economy. The S&P 500, the benchmark for many index funds, is coming off of its biggest drop in nearly two years. It fell another 0.4 percent and is down nearly…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta