U.S. consumer confidence fell for the month of May as Americans deal with high inflation rates, according to the latest data from the University of Michigan’s survey of consumer sentiment. The index of consumer sentiment fell to 59.1 in May, down 9.4 percent from the previous month’s index value of 65.2, according to the preliminary…
Elon Musk Issues Warning on Twitter Algorithm as Company’s Legal Team Reaches Out
Elon Musk warned Twitter users that they are “being manipulated” and told them to turn off the platform’s algorithmic newsfeed, coming as the firm’s legal department apparently said he committed a violation of a non-disclosure agreement. “You are being manipulated by the algorithm in ways you do not realize … Easy to switch back and forth to…
LIVE UPDATES: McConnell, GOP Senators to Visit Helsinki Amid NATO Talks
The latest on the Russia–Ukraine crisis, May 15. Click here for updates from May 14. McConnell, GOP Senators to Visit Helsinki Amid NATO Talks Senate Republican leader Mitch McConnell and a delegation of GOP senators are due to visit Helsinki on Monday for talks with Finland’s president as the previously neutral Nordic nation bordering Russia…
LIVE UPDATES: McConnell, GOP Senators to Visit Finland Amid NATO Talks
The latest on the Russia–Ukraine crisis, May 15. Click here for updates from May 14. McConnell, GOP Senators to Visit Helsinki Amid NATO Talks Senate Republican leader Mitch McConnell and a delegation of GOP senators are due to visit Helsinki on Monday for talks with Finland’s president as the previously neutral Nordic nation bordering Russia…
LIVE UPDATES: Ukraine Forces Claim to Have Reached Russia Border
The latest on the Russia–Ukraine crisis, May 15. Click here for updates from May 14. Ukraine Forces Claim to Have Reached Russia Border Ukraine on Sunday released footage it said showed its troops reaching the border with Russia and re-installing a blue and yellow border post. The location wasn’t specified, but some reports suggested the…
Russia Cuts Finland’s Electric Supply
May 15, 2022
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Business & Economyeconomic policieseconomyEuropeFinlandInternationalMarketsNATO applicationRussia-Ukraine Warrussian energyWorld
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Russian energy supplier RAO Nordic Oy cut off electricity supply to Finland early Saturday, accusing the country of not making payments on past bills. “We are forced to note that for the volumes which have been sold on Nord Pool exchange since the 6th of May funds have not yet been credited to our bank…
As Recession Fears Build, What Should You Do?
Commentary The entire investment world seems to be crashing except for good ol’ sticks and bricks on terra firma—real estate. Part of the paper and digital assets sell-off is related to the fear of an economic recession. Though it’s an increasingly germane topic, recession prospects carry wide disagreement among experts. It’s still less controversial than…
Biden’s Inflation Disinformation Desperation
May 15, 2022
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bidenBusiness & EconomyBusiness ColumnistsdisinformationeconomyExecutive BranchinflationOpinionPoliticsUSViewpoints
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“It is better to be defeated on principle than to win on lies,” said Arthur Calwell, the leader of the Australian Labor Party in the 1960s, who presided over three election defeats and thus knew what he was talking about. President Joe Biden, on the other hand, who shares with Calwell a penchant for taking…
Biden’s Billionaire Tax Will Tax Working Americans
May 15, 2022
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bidenBusiness & EconomyBusiness Columnistseconomic policieseconomyExecutive BranchOpinionPoliticsUSViewpoints
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Commentary President Biden’s proposal for a 20 percent minimum tax on billionaires is largely class warfare by the liberals, signaling to their loyal constituents that they intend to erode the wealth of successful American’s while pretending to target the super-rich. Under Biden’s Billionaire Minimum Income Tax plan, households with more than $100 million in wealth…
Bezos Criticizes Biden Over Inflation Tweet, Says Disinformation Board Should Fact Check President’s Tweet
May 14, 2022
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Business & EconomyCompanieseconomyExecutive BranchinflationJeff BezosJoe BidenMarketsMedia & Big TechSocial MediaTech News
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Amazon.com Inc. Executive Chairman Jeff Bezos on Friday criticized President Joe Biden for his recent tweet on inflation and corporate taxation. On Friday, Biden published a tweet about curtailing inflation by taxing large corporations in the United States. You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden…
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