Business

News: Business and Finance

Lummis, Gillibrand Introduce Landmark Legislation To Create Regulatory Framework For Digital Assets

Landmark bipartisan legislation, the Responsible Financial Innovation Act, will create a complete regulatory framework for digital assets.

State Officials Fight Wall Street to Protect Pensioners From ESG ‘Scam’

After failing to advance their agenda by passing laws in Congress, progressives impose their will on Americans through our financial system.
Elon Musk

Elon Musk fires warning shot at Twitter over bots issue: “This is a clear...

Musk fired warning shot at Twitter over concerns about social media company’s spam and fake accounts. Musk’s concerns outlined in a letter.
Now Hiring

US Added 390,000 Jobs in May as Employment Growth Slows to 13 Month Low

U.S. economy added 390,000 jobs in May, topping the market estimate of 328,000 and the unemployment rate remained unchanged at 3.6 percent.
Elon Musk

Elon Musk tells Tesla chiefs to ax 10% of staff and ‘pause all hiring...

Elon Musk told top executives to slash Tesla jobs by 10 per cent and pause hiring worldwide as he has a 'super bad feeling' about the economy.

‘Plan for the Worst’: CEO Confidence Wanes as Corporate America Prepares for Recession

CEO confidence in the U.S. economy is waning as survey results and comments from top executives suggest a dim outlook. The Conference Board’s second-quarter measurement of CEO sentiment...

Firearm, Ammunition Stocks Soar in Wake of Texas School Shooting

Shares of a number of firearm and ammunition manufacturers have risen sharply since deadly mass shooting at elementary school in Uvalde, TX.

Baby Formula Shortage Could Persist Until July: FDA Commissioner

FDA Commissioner Robert Califf said the severe nationwide shortage of baby formula is expected to be eased within two months.

Goldman Sachs Releases Recession Manual to Prepare Clients for Downturn

Goldman Sachs investment bank’s equity team has just released a recession manual for its clients on how to prepare for a downturn.

HSBC Suspends Top Banker for Accusing Policymakers of Overstating Climate Risk

HSBC Bank Executive was suspended after criticizing central bankers and policymakers for exaggerating the financial risks of climate change.
A man pumps gas

Gas Prices Jump 33 Cents in Past 2 Weeks, Some Analysts See $6 per...

Average price of regular-grade gasoline spiked 33 cents to $4.71 per gallon. Prices may climb to more than $6 per gallon by end of summer.
Tesla Hardcore Legal Teams

Elon Musk Calling for ‘Hardcore’ Legal Team Made of ‘Streetfighters’

Elon Musk assembling “hardcore” legal team of “streetfighters” amid series of quarrels with some of the most powerful people in the country.