Economy
Wallstreet Trapper: BEAR MARKET TRAPPIN
Key Inflation Rate Surges to 6.6%, Highest Since 1982
The Federal Reserve’s preferred inflation gauge showed consumer prices were up 6.6 percent in March compared with a year earlier, indicating that inflation accelerated from the 6.4 percent pace recorded in February, according to data from the Bureau of Economic...
Mayor Adams: Slow return to offices will complicate NYC’s economic recovery
The Big Apple’s road to recovery will be long — and complicated. For the full article, click here.
Amazon Plans ‘Racial-Equity Audit’ Led by Loretta Lynch
Following calls from shareholders for more transparency on the effects of company policy, Amazon will be conducting a “racial-equity audit” of its hourly workers led by former Attorney General Loretta Lynch. For the full article, click here.
Jen Psaki Annoyed by ‘Cannibalistic’ Democrats Criticizing Joe Biden on Inflation
White House Press Secretary Jen Psaki on Thursday expressed her frustrations with fellow Democrats for criticizing President Joe Biden on inflation. For the full article, click here.
Poll: Biden Hits Record Low Approval as Inflation Trumps Jobs
President Joe Biden hit a record-low approval rating of 42% in a new poll that suggests Americans’ fear of inflation is overwhelming their general optimism about the job market, which has shown continued growth in recent months. For the full article, click here.
Saudi Arabia Bucks Joe Biden: Won’t Support More Oil Production As Gas Prices Keep Rising
DUBAI, United Arab Emirates (AP) — Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on oil production levels. For the full article, click here.
AmazonSmile Charity Platform Drops Black Lives Matter as Org Dodges Calls for Financial Transparency
E-commerce giant Amazon has removed the Black Lives Matter organization from its AmazonSmile charity platform as the organization faces increasing financial scrutiny. Amazon previously was a major cheerleader for Black Lives Matter, including making large donations to...
Bidenflation: Real Weekly Earnings Plunge 3.1 Percent
Soaring inflation has crushed the spending power of working men and women in the United States over the past year, data from the Department of Labor showed Thursday. For the full article, click here.