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Business

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Consumer Prices Rise, Inflation ‘Remains Too Hot’

American Faith -
While services inflation began to moderate and rent prices rose at a slower pace, "inflation still remains too hot for the Fed's liking," according to senior economist at Wells Fargo in Charlotte, North Carolina Sarah House.
Breaking

EPA Proposes New Tailpipe Emission Standards

American Faith -
EPA Administrator Michael Regan proposed new tailpipe emission standards that may force as much as 67% of new vehicle sales to be electric.
Breaking

Poll Finds 47% Of Americans Likely Wouldn’t Purchase an EV

American Faith -
A poll from the Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute found that 47% of Americans do not believe they will purchase an elective vehicle (EV) in the future.
Breaking

Bud Light Backlash Leaves Distributors ‘Spooked’

American Faith -
An industry insider claimed distributors are "spooked" after many have dropped Anheuser-Busch products after the company endorsed transgender, biological male Dylan Mulvaney.
Breaking

Whole Foods’ San Francisco Store Closed After Only One Year Amid City’s Crime, Drug Problem

American Faith -
"To ensure the safety of our Team Members, we have made the difficult decision to close the Trinity store for the time being," a company spokesperson said.
Breaking

Chinese Yuan Surpasses U.S. Dollar in Trading Volume on Moscow Exchange

American Faith -
The Chinese yuan has surpassed the U.S. dollar in trading volume on the Moscow Exchange due to Russia moving away from transacting in the currencies of "unfriendly" countries amidst sanctions.
Business

Tesla Developing New Shanghai Plant

American Faith -
Tesla is developing a new plant in Shanghai, China, to manufacture the company's Megapack battery.
Business

Texas Proposes Gold-Backed Digital Currency as Alternative to Central Bank Digital Currencies

American Faith -
The proposed digital currency in Texas would be unique as it would be based on a physical asset, gold, and each unit of the digital currency issued would represent a particular fraction of a troy ounce of gold held in trust.
Business

Swiss Billionaire Hansjörg Wyss Donates Millions to Left-Wing Groups

American Faith -
Swiss billionaire Hansjörg Wyss has become a "Democrat-aligned mega-donor," according to the Associated Press, after funneling hundreds of millions of dollars to leftist groups.
Business

U.S. Constructs New Biolabs in Ukraine

American Faith -
The United States has resumed its bioloabs program in Ukraine, constructing new laboratories and is set to train personnel, according to the Russian Defense Ministry.
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