Economy

39-Year Old Black Entrepreneur Makes History, Awarded $13.4 Billion Dollar Defense Contract

39-Year Old Black Entrepreneur Makes History, Awarded $13.4 Billion Dollar Defense Contract

Meet Isaac Barnes, The young founder and President of Eminent Future, whose Black-owned tech firm has been awarded a $13.4 billion dollar defense contract with the US Airforce and the US Spaceforce. Isaac is a marvel, reminiscent of young Black leaders transcending generations of relevant and personable individuals who have made such an extraordinary mark …

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White House plan to send gas rebates complicated by chip shortages

White House plan to send gas rebates complicated by chip shortages

Placeholder while article actions load Senior White House aides are exploring new ideas to respond to high gas prices and are looking again at some that they had previously discarded, desperate to show that the administration is trying to address voter frustration about rising costs at the pump. Those efforts, though, come amid early signs …

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Biden calls idea American Rescue Plan caused 'bizarre' inflation

Biden calls idea American Rescue Plan caused ‘bizarre’ inflation

FOX Business host Stuart Varney argues moderates know their House are in jeopardy due to Biden’s failed policies. President Joe Biden called assertions that his spending policies have been a cause of the skyrocketing inflation “bizarre.” When asked about how his American Rescue Plan’s substantial spending might have exacerbated the economy and pushed inflation into …

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We Need to Remember What Reagan Knew About Economics

We Need to Remember What Reagan Knew About Economics

In December 1981 the Journal ran a contrarian op-ed by Mr. Rutledge, then president of Claremont Economics Institute. It was the most prescient prediction by an economist I have ever read. Mr. Rutledge predicted that inflation would decline faster than expected; that interest rates would fall, not rise, despite the growing deficit; and the economy …

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Russia's Putin lashes out at the US and claims victory over sanctions : NPR

Russia’s Putin lashes out at the US and claims victory over sanctions : NPR

Participants watch Russian President Vladimir Putin address the St. Petersburg International Economic Forum in St. Petersburg Petersburg, Russia, on Friday. Dmitri Lovetsky/AP hide caption toggle caption Dmitri Lovetsky/AP Participants watch Russian President Vladimir Putin address the St. Petersburg International Economic Forum in St. Petersburg Petersburg, Russia, on Friday. Dmitri Lovetsky/AP MOSCOW — Russian President Vladimir …

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Real-estate billionaire Stephen Ross says a recession would bring employees back to the office out of fear for their jobs

Real-estate billionaire Stephen Ross says a recession would bring employees back to the office out of fear for their jobs

Real-estate billionaire Stephen Ross said people would go back to work in the office if a recession hits on fears of a security job.Associated Press Billionaire Stephen Ross said employees would return to offices if the US were to enter a recession. Ross told Bloomberg people would do whatever it takes to keep their jobs …

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Oil companies have hit back against Joe Biden after the accused them of intentionally exacerbating the strain on Americans' pocketbooks after the average president price of gas per gallon surpassed $5.00

Oil companies hit back after Biden blamed surging gas prices on their profit ‘greed’

Oil companies have hit back against Joe Biden after the accused them of intentionally exacerbating the strain on Americans’ pocketbooks after the average president price of gas per gallon surpassed $5.00. Exxon and Chevron said the Biden administration could be doing more to address the surging oil prices, accusing the president of ‘imposing obstacles to …

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Bank of America economist says his 'worst fears around the Fed have been confirmed'

Bank of America economist says his ‘worst fears around the Fed have been confirmed’

The Federal Reserve waited too long to start fighting inflation and now runs the risk of dragging the economy into a recession, according to Bank of America’s top economist. On the heels of the central bank’s 75 basis point rate hike Wednesday, BofA global economist Ethan Harris said the Fed is being forced into such …

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