Salvadoran President Nayib Bukele speaks during a press conference in San Salvador on May 6, 2022.MARVIN RECINOS (AFP) The Salvadoran experiment to make bitcoin legal currency has hit a wall. As a result of the fall in global markets caused by the uncertainty of the war in Ukraine, rising inflation and the US Federal Reserve’s […]
NEWYou can now listen to Fox News articles! The Japanese government’s long-term debt has hit a record ¥1 quadrillion (approximately $7.6 trillion) for the first time ever. Japan reached the debt milestone in fiscal year 2021, which ended in March, according to Japan’s Ministry of Finance. Japan’s debt currently sits at approximately 266% of its […]
Bengaluru/Mumbai: An acute shortage of delivery personnel is emerging as a major concern for online platforms that are unable to meet rising demand as supply side challenges crop up across the gig economy, according to people in the know and multiple delivery executives ET spoke to. Zomato, Swiggy and Zepto, among others, are seeing delivery […]
Tesla has suspended most production at its Shanghai factory once again, this time due to issues preventing the company from getting the components it needs to build vehicles, according to a report from Reuters. Sources familiar with the situation told Reuters that the company halted work on Monday because of supply shortages as well. Production […]
Representative Rashida Tlaib (D-MI) joins activists in a demonstration outside an entrance to the White House calling for the cancellation of student debt in Washington, US, April 27, 2022. Evelyn Hockstein | Reuters Even with rampant inflation and rapidly accelerating interest rates, household borrowing climbed to start 2022 and hit a new record, the Federal […]
“Inflation is much too high and we understand the hardship it is causing, and we’re moving expeditiously to bring it back down. We have both the tools we need and the resolve it will take to restore price stability on behalf of American families and businesses.” Thus did Jay Powell, chair of the Federal Reserve, […]
Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and backed by $72 million in venture capital funding. She’s acutely aware of the desperation in those outreaches, which have intensified in recent weeks amid an ongoing nationwide […]
President Biden said Tuesday that soaring inflation was “a real tough problem to solve” and warned it could get worse before it gets better — while offering no new ideas to stem rising prices. “It’s really complicated. I’m not suggesting American people can’t understand it. They understand it, but they have, you know, they’re working […]
By Bryan Anderson, WRAL state government reporter Raleigh, NC — A Triangle congressional candidate recently handed out hats to voters that were made in China. Bo Hines, the 26-year-old Republican political newcomer backed by former President Donald Trump in the 13th Congressional District, has long championed a free market economy that prioritizes US manufacturing. His […]
A senior official from the US Department of Defense on Tuesday said that economic sanctions have made it difficult for Russia to replenish its inventory of weapons. During a background briefing, the senior Defense official said Russian President Vladimir Putin’s military forces have expended “quite a bit” of their weapons and armament, including a substantial […]