Philips shares rocket 33% as firm settles U.S. respiratory device case
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The U.S. Economy is Not What It’s Cracked Up To Be
How will Biden conceal the inflation rampaging throughout his term? The latest scheme appears to be draining the Strategic Petroleum Reserve to the last drop. It’s already down to 17 percent, because Biden opened the spigot when his idiotic sanctions on Russian energy back in 2022 boosted prices at the pump into the stratosphere, always a terrifying development for homo politicus. Biden tamed gas prices by emptying most of the SPR. Now he may finish it off, because no, he can’t have gas prices...
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Worst of Both Worlds: U.S. Economic Growth Slows as Inflation Rates Rise
Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
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Why does the world want dollars? Because of high interest rates, thriving economy in U.S.
Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.