John Hugh DeMastri

Major Investment Bank Plans A Massive Overhaul

Goldman Sachs is planning to undergo a massive restructuring that refocuses the investment giant in a bid to overcome investor’s…

3 years ago

Real Retail Spending Fell In September As Inflation Pinches Consumers

Retail spending held steady in September compared to August, but fell adjusted to inflation as consumers spent more on essentials,…

3 years ago

Elon Musk Says SpaceX Can’t Afford To Pay For Starlink In Ukraine Anymore

SpaceX CEO Elon Musk appeared to confirm reports that SpaceX will not be able to continue funding Starlink terminals providing…

3 years ago

Food Prices Skyrocketed In September

As core inflation hit a 40-year high for the second time this year, food prices rose aggressively for the second…

3 years ago

Biden’s Labor Department Is Planning To Shake Up A Key Rule For Gig Workers

The Biden administration, following a steady campaign from labor activists, plans to repeal a Trump-era rule that made it more…

3 years ago

Fed Moves and Inflation Reduction Act Fail to Reign in Sky-High Price Increases

Wholesale inflation exceeded economists’ expectations year-over-year in September, according to the Bureau of Labor Statistics’ (BLS) Producer Price Index (PPI),…

3 years ago

Major Rail Union Rejects Biden-Backed Deal, Reigniting Strike Fears

On Monday, one of the largest rail unions in the country rejected a Biden administration-brokered deal with railways over concerns…

3 years ago

Bidenomics: Unemployment Rate Dropped in September — Reason Why is Far From Encouraging

The unemployment rate ticked slightly down in September thanks in large part to more people leaving the workforce, an indicator…

3 years ago

Global Trade Group Slashes Expectations As Director Warns Of ‘Crisis’

As the world continues to struggle with the consequences of high inflation, energy crises, war in Europe and historically tight…

4 years ago

IRS Employees Allegedly Stole $400,000 In COVID Aid And Used it To Buy Cars, Go To Vegas

Five IRS employees allegedly received nearly $400,000 after fraudulently applying for more than $1.1 million in relief in government funding…

4 years ago

Biden’s Treasury Department Creates ‘Racial Equity’ Task Force To Look For Racism In The Economy

The Treasury Department announced the formation of the Treasury Advisory Committee on Racial Equity (TACRE) Tuesday morning, serving to advise…

4 years ago

Elon Musk Agrees to Proceed With Twitter Purchase

Tesla and SpaceX CEO Elon Musk has proposed moving forward with his attempt to purchase Twitter, after months of attempts…

4 years ago

As Inflation Rages On, More Americans Are Living Paycheck To Paycheck

As inflation continues to batter consumers, the number of Americans living paycheck to paycheck climbed to 60% in August, according…

4 years ago

The Fed’s Favorite Inflation Indicator Just Spiked Even Higher

The core index of the Federal Reserve’s preferred measure of inflation went up in August, despite a historically aggressive campaign…

4 years ago

House Passes Sweeping Antitrust Package Targeting Big Tech

The House of Representative passed sweeping antitrust legislation targeting Big Tech with bipartisan support following a Thursday afternoon vote. The…

4 years ago