Tag: economic policies

Branson’s Virgin Orbit Files Chapter 11 Bankruptcy Plan

April 20, 2023
bankruptcyBusiness & MarketsCompanieseconomic policieseconomyMarketsUSUS NewsVirgin Orbit
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Richard Branson’s Virgin Orbit Holdings Inc. and its subsidiaries in the United States filed a Chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said in a statement on Wednesday. Earlier this month, Virgin Orbit filed for Chapter 11 bankruptcy protection after the satellite launch company struggled to…

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Fed’s Williams: Inflation Still ‘Too High,’ Fed Will Act to Lower It

April 20, 2023
Business & Marketseconomic policieseconomyFedinflationMarketsrecessionUSUS NewsWilliams
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NEW YORK—Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity. “Inflation is still too high, and we will use our…

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Dollar Steadies After Strong US Bank Results

April 20, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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TOKYO/LONDON—The U.S. dollar steadied on Thursday after strong U.S. banking results firmed up expectations that the Federal Reserve will keep monetary policy tight for a while longer. Morgan Stanley reported first quarter profit on Wednesday that beat expectations, adding to rosy results from major U.S. lenders that have calmed fears of a widening crisis after…

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Oil Prices at 3-Week Low as Strong Dollar, Rate Hikes Weigh

April 20, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell to their lowest in about three weeks on Thursday, depressed by a firmer dollar and rate hike expectations which outweighed lower U.S. crude stocks. Brent crude futures were down $1.12, or 1.4 percent, to trade at $82.00 a barrel at 0819 GMT. West Texas Intermediate crude (WTI) futures dropped $1.02, or 1.3…

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Central Banks, Earnings Dampen Stocks’ Upbeat Mood

April 20, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—World stocks pulled further away from 2–1/2 week highs touched earlier this week, with sentiment dampened by expectations for further rate hikes from big central banks, and with the focus fixed on the earnings season. The pan-European STOXX 600 index, which hit 14-month highs on Tuesday, was down a third of a percent in early…

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US Debt Ceiling Deadline Could Be Sooner Than Anticipated, Banks Warn

April 19, 2023
Business & Marketsceilingdebteconomic policieseconomyMarketsUS
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NEW YORK—The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said on Tuesday. Goldman Sachs analysts said weak tax collections so far in April indicate a higher probability that the so-called “X-date,” when the government is no longer…

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‘Show Me Your Budget’: Biden Renews Attack on House Republicans Over Debt Ceiling

April 19, 2023
bidenBusiness & Marketsdebt ceilingeconomic policieseconomyExecutive BranchMarylandPolicies & ImpactsPoliticsUSUS News
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President Joe Biden on Wednesday gave a speech in Accokeek, Maryland, to promote his economic agenda and rally support for it. He began his remarks by criticizing “MAGA Republicans” for standing in the way of his economic vision and threatening to undo all of his policies. “This ain’t your father’s Republican Party. It’s a different…

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House Advances Resolution to Restore Solar Panel Tariffs Targeting China

April 19, 2023
bidenBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsChinese RegimeCompaniescongressDefending Americaeconomic policieseconomyenergyEnvironmentExecutive BranchFeatured TopicsFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational RelationsInvestmentMarketsNational SecurityPolicies & ImpactsPoliticsScienceSOLARSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS NewsUS-China relationsWays and Means CommitteeWorld
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The House Ways and Means Committee had a busy Wednesday morning focused on China, starting with a vote against the Biden administration’s emergency move to shield some Chinese-made solar panels from tariffs. “Congress must act in this instance to hold accountable bad actors in global trade, and in particular, Chinese wrongdoing,” said Rep. Jason Smith…

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ANALYSIS: What You’re Not Being Told About the Electric Vehicle Revolution

April 19, 2023
Business & Marketsclimate change agendaCompanieseconomic policiesElectric carsenergyEPA - U.S. Environmental Protection AgencyESGEVsGold and CommoditiesMarkets
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While the Biden administration cannot force you to buy an electric car, it can, by capping tailpipe emissions and other coercive measures, compel producers to severely curtail the manufacturing of internal combustion engine (ICE) cars and drive up the cost of gasoline-powered cars. This will likely result in a fundamental restructuring of America’s automotive industry,…

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NTD Business (April 19): Biden Tax Credits Benefit the CCP: Hearing; Teen Dies After TikTok Benadryl Challenge

April 19, 2023
Business & Marketsdebt ceilingeconomic policieseconomyEpochTVLive VideosMarketsNTD BusinessteslaTikTokVideo
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There may be a possible breakthrough in the debt limit deadlock. House Speaker Kevin McCarthy unveils a new plan to raise the debt ceiling—and demands spending cuts at the same time. A tragic death has occurred after a popular TikTok challenge. What exactly happened? The Biden administration’s tax code could be subsidizing the Chinese Communist…

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