Government leaders are pushing for the widespread adoption of electric vehicles (EVs), but there are concerns about the vast amounts of mineral mining necessary for battery production and the ensuing waste management issues taking a toll on the environment. Lithium, the primary component of an EV battery, can be highly environmentally polluting in its extraction and…
ANALYSIS: Toxicity of Lithium-Ion Batteries at Odds With Push for Electric Vehicles
Anheuser-Busch Makes Changes to Company Amid Bud Light Boycott
Anheuser-Busch revealed that it is making attempts to change its marketing structure in the midst of a backlash over after Bud Light produced a can featuring a transgender activist’s face for a social media promotion. While the firm did not make mention of the controversy and boycott, a spokesperson for the brewing giant told Fox2Now…
Manufacturing Levels Plummet to 2023 Lows, Shatter Expectations
Manufacturing activity in New York State fell sharply in May 2023, according to the Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The headline general business conditions index plunged 43 points, to -31.8, drastically falling below the expected level of -2.5. The survey reveals that new orders and shipments also…
Manufacturing Levels in New York State Plummet to 2023 Lows, Shatter Expectations
Manufacturing activity in New York State fell sharply in May 2023, according to the Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The headline general business conditions index plunged 43 points, to -31.8, drastically falling below the expected level of -2.5. The survey reveals that new orders and shipments also…
Manufacturing Levels in New York State Plummet to 2023 Lows, Far Below Expectations
Manufacturing activity in New York State fell sharply in May 2023, according to the Empire State Manufacturing Survey released by the Federal Reserve Bank of New York. The headline general business conditions index plunged 43 points, to –31.8, drastically falling below the expected level of –2.5. The survey reveals that new orders and shipments also…
Fed Officials Say Don’t Bet on Rate Cuts Even If There’s a Recession
Two senior Federal Reserve officials threw cold water on investor hopes for interest-rate cuts anytime soon as they both expressed concern about stubborn inflation. Raphael Bostic, president of the Federal Reserve Bank of Atlanta, highlighted the stickiness of inflation while saying that he does not anticipate any interest-rate cuts this year and, if anything, “we may have…
Libertarian Argentine Breaking the Leftist Mold in South America
Argentina is gearing up for a highly anticipated election in October, and with the country facing economic turmoil, voters are looking for a change. With an annual inflation rate of 109 percent, a rapidly depreciating black-market peso, and a severe drought affecting a large part of the country, the electorate has undergone a dramatic shift….
Food Prices Won’t Go Down ‘Any Time Soon,’ UK Farming Union Warns
Inflated food prices won’t be going down any time soon, the president of the National Farmers’ Union (NFU) has warned. It comes after the UK’s food price in March had the second biggest yearly hike among the G-20 countries after Turkey. The latest figures from the Office for National Statistics (ONS) showed that the UK’s consumer…
Fed Report Shows Record-High Annual Increase in Credit-Card Balances
May 15, 2023
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ArchivedbidenBusiness & Marketscredit carddebteconomyFeesinflationNewspersonal financetrillionUSUS News
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Americans find themselves increasingly burdened by credit-card debt as the relentless grip of chronic inflation tightens its hold on the cost of essential goods. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit was just released, showing a record high 17 percent year-over-year increase in credit-card balances during the first quarter…
US Credit Card Debt Hits a Record High of Nearly $1 Trillion
May 15, 2023
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ArchivedbidenBusiness & Marketscredit carddebteconomyFeesinflationNewspersonal financetrillionUSUS News
0 Comment
Americans find themselves increasingly burdened by credit-card debt as the relentless grip of chronic inflation tightens its hold on the cost of essential goods. The Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit was just released, showing a record-high 17 percent year-over-year increase in credit-card balances during the first quarter of…
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