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Economy
New GOP Bill to Block Sales of SPR Oil to China
Sen. Ted Cruz (R-Texas) on Jan. 25 proposed legislation that seeks to block the United States from selling oil from the Strategic Petroleum Reserve (SPR) to China and Chinese Communist ...
January 26, 2023
BY
Hannah Ng
Unemployment Filings Drop in Fresh Sign of Tight Labor Market and Persistent Inflation Pressures
Unemployment filings in the United States dropped last week, as fewer Americans filed for unemployment benefits while the labor ...
January 26, 2023
BY
Bryan Jung
Artificial Intelligence Could Make These Jobs Obsolete: ‘Not Crying Wolf’
With reports saying artificial intelligence system ChatGPT has passed exams and can produce reports, experts have warned that ...
January 26, 2023
BY
Jack Phillips
Biden Speaks About the Economy
U.S. President Joe Biden speaks about the economy at 2:45 p.m. ET on Jan. 26 after traveling to ...
January 26, 2023
BY
Epoch Video
US Economy Cools as 4th-Quarter GDP Growth Rate Slows to 2.9 Percent
The U.S. economy expanded 2.9 percent in the fourth quarter, down from 3.2 percent in the third quarter, ...
January 26, 2023
BY
Andrew Moran
US and Global Economy to Grow Slower in 2023, Possibility of Recession in Some Nations: UN
The global economy is predicted to register a slower growth this year, continuing the trend from last year, ...
January 26, 2023
BY
Naveen Athrappully
Petroleum Analyst Issues Warning to Drivers: Gas Prices to Rise Again to $4
Americans should be wary of gas prices again rising starting in the spring, according to one petroleum analyst, ...
January 26, 2023
BY
Jack Phillips
Chipotle to Hire 15,000 Workers Across North America
Burrito chain Chipotle Mexican Grill Inc. said on Thursday it was looking to hire 15,000 new full and ...
January 26, 2023
BY
Reuters
President Biden to Target House Republicans, Champion Achievements in Major Economic Speech
President Joe Biden will visit Virginia on Thursday to deliver a major speech on the economy and target ...
January 26, 2023
BY
Andrew Moran
IBM to Cut 3,900 Jobs Amid Tech Layoff Trend
Technology firm IBM plans on reducing its headcount by 3,900 jobs, the company announced Wednesday, while delivering better-than-expected ...
January 26, 2023
BY
Naveen Athrappully
US Certifies First Small Modular Nuclear Reactor Design for Use
The U.S. Nuclear Regulatory Commission (NRC) has certified the design for the first American-designed small modular nuclear reactor ...
January 26, 2023
BY
Bryan Jung
Renewable Power Projects Slow in US Over High Costs and Community Opposition
The installation of wind and solar power projects is slowing down in the United States, with some projects ...
January 26, 2023
BY
Naveen Athrappully
Tesla Posts Record Profit Despite Slashing Prices Amid Waning Demand
Tesla posted record profits and revenues for 2022, despite slashing prices on a number of its electric vehicles in ...
January 26, 2023
BY
Katabella Roberts
Microsoft’s Dour Outlook Raises Red Flags for Tech Sector
Microsoft Corp.'s lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the ...
January 25, 2023
BY
Reuters
The Washington Post Cuts 20 Newsroom Jobs
The Washington Post announced that it will slash several positions in cutbacks, one week after the publication's owner, Jeff ...
January 25, 2023
BY
Bryan Jung
Biden Administration Rolls out ‘Renters Bill of Rights’
The White House announced a plan on Wednesday that it says will protect renters and help curb rental costs, ...
January 25, 2023
BY
Jack Phillips
West Virginia Targets Proxy Voting in Fight Over ESG
In a Jan. 25 interview with The Epoch Times, West Virginia Treasurer Riley Moore outlined a new state ...
January 25, 2023
BY
Nathan Worcester
Ford to Cut up to 3,200 European Jobs, Union Says, Vowing to Fight
BERLIN—Ford Motor Co. plans to cut up to 3,200 jobs across Europe and move some product development work ...
January 25, 2023
BY
Reuters
McConnell Says Debt Limit Negotiations Hinge on McCarthy and Biden
Senate Minority Leader Mitch McConnell (R-Ky.) said Tuesday that he is counting on House Republicans to reach a ...
January 25, 2023
BY
Rita Li
Americans Want Investment Funds to Maximize Profit, Not to Chase Woke Goals, Poll Reveals
A new poll reported that most Americans do not want investment firms to spend their retirement money on ...
January 25, 2023
BY
Bryan Jung
Tesla Announces $3.6 Billion Investment in Nevada for Factories, Promises 3,000 New Jobs
Tesla plans to invest more than $3 billion in Nevada to expand its Gigafactory as well as establish ...
January 25, 2023
BY
Naveen Athrappully
US Business Activity Declines for Seventh Month in a Row as Recession Looms
Business activity in the United States contracted for the seventh consecutive month in January, with both manufacturing and ...
January 25, 2023
BY
Naveen Athrappully
US Business Equipment Borrowings Grow 9 Percent in December: ELFA
U.S. companies borrowed 9 percent more in December to finance equipment investments compared with a year earlier, industry ...
January 25, 2023
BY
Reuters
Twenty-Five Percent of Homebuyers Looking to Shift to New Metro Areas Due to High Cost of Housing: Report
Roughly a quarter of Redfin homebuyers looked to move to a different metropolitan area in the fourth quarter ...
January 25, 2023
BY
Naveen Athrappully
California to Vote on Fast-Food Workers’ Wage Hike in 2024 After Businesses Gather Over One Million Opposing Votes
Californian citizens are set to vote on a proposal next year that seeks to improve the working conditions ...
January 25, 2023
BY
Naveen Athrappully
Farm Group Calls for Investigation of Record-High Egg Prices
Just before testifying at an open meeting of the Federal Trade Commission (FTC) on Tursday, Farm Action, a ...
January 24, 2023
BY
Wim De Gent
Gasoline Prices Surge as Consumer Demand Rises in January
Rising U.S. consumer demand, combined with a rise in the price of crude oil, has led to an ...
January 24, 2023
BY
Bryan Jung
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Feds Reject California’s Last Nuclear Power Plant’s Request to Stay Open
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Weaponization of Government Panel Will Investigate ‘Signature Abuse of Our Time,’ Say GOP Members
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