Tag: U.S.

BUSINESS

S&P 500 Suffers Meltdown

Although U.S. stock prices ended higher on Friday, losses continue as investors wrestle whether or not the Feds can arrest inflation without creating great vagaries in the economy. According to Market Watch, the Dow Jones Industrial Average fell for a seventh straight week, its longest losing streak since July 2001, based on Dow Jones Market Data. The Dow Jones Industrial […]

BUSINESS

Oil Prices Gallop!

Oil prices run up to about 4 percent on Friday as United States gasoline prices jumped to a record high. This move comes as China seeks to ease pandemic restrictions and investors worry about whether supplies will tighten if the European Union bans Russian oil. Brent futures rose $4.10, or 3.8 percent, to settle at $111.55 a barrel. US West […]

NEWS

U.S. Announces New Plans On Maritime Cooperation With ASEAN, Eyeing China

STATE DEPARTMENT — The United States has announced new plans to expand maritime cooperation with the Association of Southeast Asian Nations as ASEAN leaders gather in Washington for a special summit seen as a show of solidarity in regard to China. ASEAN members Brunei, Malaysia, the Philippines, and Vietnam claim parts of the South China Sea — a waterway claimed […]

NEWS

US House Passes $40 Billion Bill To Bolster Ukraine Against Russian Invasion

WASHINGTON — The U.S. House of Representatives approved more than $40 billion more aid for Ukraine on Tuesday, as Congress races to keep military aid flowing and boost the government in Kyiv as it grapples with the Russian invasion. The House passed the Ukraine spending bill by 368 to 57, with every ‘no’ vote coming from Republicans. The measure now heads […]

POLITICS

Biden Touts Inflation Plan

U.S. President Joe Biden said that his plan is set on lowering inflation to ease the financial burden that the American people have to contend with on a daily basis. “Beyond the Fed, my inflation plan is focused on lowering the costs that families face and lowering the federal deficit,” said Biden. He noted that his administration has already “announced […]

BUSINESS

U.S. Workers — See You Later Alligator   

A record 4.5 million workers in the United States quit their jobs in March. According to new data from the U.S. Bureau of Labor Statistics, resignations from people in the professional and business services sector, as well as construction increased significantly last month. The overall exit rate moved up to three percent, a level not seen since December 2021. Support […]

BUSINESS

U.S. Economy Gets Bitten

The U.S. economy contracted in the first three months of the year partly due to a resurgence in coronavirus cases disrupting businesses. Figures from the Commerce Department showed that gross domestic product fell at an annualized rate of 1.4%. Slower economic growth was expected in the first quarter of the year, but the figure was worse than forecast. It is […]

NEWS

Biden Seeks $33 Billion In New Ukraine Aid

U.S. President Joe Biden asked Congress Thursday to approve $33 billion in additional aid for Ukraine to help it resist invading Russian forces over the next five months. The House overwhelmingly passed legislation aimed at removing obstacles that slow the delivery of military assistance. Those two developments would allow the U.S. to significantly ramp up both the quantity and speed […]

Culture

10 Benjamin Franklin’s Famous Quotes

Benjamin Franklin, the American polymath, was active as a writer, scientist, inventor, statesman, diplomat, printer, publisher, and political philosopher. He was among the leading intellectuals of his time; Franklin was one of the Founding Fathers of the United States, a drafter and signer of the United States Declaration of Independence, and the first United States Postmaster General. He is credited […]

BUSINESS

U.S. Inflation Hits A 40-Year High

The U.S. inflation rate hit a new 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war. Consumer prices surged by 8.5 percent – the largest annual gain since December 1981 – following a double-digit rise in energy prices. According to the U.S. Labor Department, energy prices rose by 32 […]