Washington – in Debt reduction confrontation Between Republicans and Democrats, he raised questions about creative solutions to avert the crisis, including those that at first glance might seem unthinkable: Could minting a trillion-dollar platinum coin solve the whole problem? What was once a fringe idea is now being offered to top economic policymakers as a … Read more
Sen. Josh Hawley, R-Missouri, is joined from the left by Sen. Tom Cotton, R-Ark. Scott Applewhite Associated Press file photo Washington Sen. Josh Hawley introduced a bill Wednesday to prevent Congress from using Social Security and Medicare as a tool in negotiations over the debt ceiling, as some members of his party have talked about … Read more
Mass layoffs Such as those who are disrupted in the tech industry affect more than the people who lose their jobs. Laid-off workers face practical challenges, such as staying afloat financially and securing a new job, as well as the psychological blow of feeling rejected. However, those who remain after their co-workers are fired can … Read more
Advanced Micro Devices (AMD) reported fourth-quarter earnings topped Tuesday, despite continued weakness in the PC market, demonstrating that the semiconductor company has the capabilities to continue growth and capture market share. Revenue jumped 16% year-over-year, to $5.599 billion, beating analyst expectations of $5.5 billion, according to estimates compiled by Refinitiv. Adjusted earnings per share (EPS) … Read more
Picture this: the debt ceiling debate is at the eleventh hour and the US is about to default. Members of Congress march around the US Capitol, giving press conferences and getting into arguments. As Republicans and Democrats attack each other, an unexpected savior emerges. A platinum coin is minted as a machine stamps it “a … Read more
The Biden administration has stopped granting US companies export licenses to Huawei as it moves toward a complete ban on the sale of US technology to the Chinese telecoms equipment giant. Several people familiar with discussions within the administration said the Commerce Department has notified some companies that it will no longer grant licenses to … Read more
nicoletaionescu/iStock via Getty Images Ruchir Sharma, chairman of Rockefeller International and a highly respected economist, paints a not-so-flattering picture on a Monday morning. He ends his letter on Monday with these words: While the next contraction may take longer And it will likely take on an unfamiliar shape, perhaps not much deeper but more permanent, … Read more
One of the biggest economic mysteries right now is why worker productivity is so low, particularly in the United States. Some economists say it’s just a correction to the unsustainable hard work many of us have done during the Covid-19 pandemic. But there was also a decline in productivity after the Great Recession. And while … Read more
Former Walmart CEO Bill Simon joined “Fox & Friends Weekend” to discuss the spike in layoffs nationwide that has now extended beyond the big tech industry. Mass layoffs are hitting more than just the big tech industry. On Sunday, former Walmart CEO Bill Simon joined “Fox & Friends Weekend” to warn Americans about… Harmful effect … Read more
A growing number of Japanese companies are stepping up intelligence gathering as the country finds itself increasingly exposed to escalating tensions between the United States and China. Companies in sectors that have historically been less exposed to geopolitical turmoil — including Suntory and Mitsubishi Chemical — have been hiring risk executives and creating new job … Read more
