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U.S. Credit Card Debt Hits Historic High

US credit card debt inched close to a trillion dollars in the fourth quarter of 2022, the New York Federal Reserve Bank said in its quarterly report on household debt, released on Thursday.

EU Votes to Ban New Gas-Powered Cars by 2035

The European Union has voted to ban the sale of new gasoline-powered cars and vans by 2035, requiring all new cars in Europe to be electric in 12 years.

Apple Shifting Away From China

Apple's main assembly partner, Foxconn, announced on Tuesday that it will establish a major new factory in Vietnam, in a sign that the iPhone maker is moving production away from China.

Biden and Inflation Added $3.1 Trillion to Federal Deficit, CBO Reports

President Biden and the Democrat-led Congress helped add $3.1 trillion to the federal deficit over the next decade, the Congressional Budget Office said Wednesday, delivering a depressing picture of the government’s finances and the economy.

Ford Motor Company ‘Becoming a National Security Threat’ After Partnering With China

Ford's Chinese partnership aims to make batteries out of cheaper materials.

Inflation Up 6.4% From Last Year, Rising for the First Time in Months, Labor Department

The Consumer Price Index in January increased by 6.4% compared to the same time last year, in what was the highest inflation numbers since October 2022, the Labor Department said Thursday.

Gov. DeSantis Proposes Legislation Against ‘Woke’ ESG Banking

ESG is "a direct threat to the American economy and individual economic freedom" and an "attempt by the corporate elite to discriminate against those who do not follow a particular ideological agenda will be outlawed in Florida."

Rising Inflation, Household Income Growth Not Meeting Expectations Under Biden Admin

The prices of all items have increased by 0.5% from December to January, marking the highest monthly increase since October.

Biden Administration Allowing States to Spend Medicaid Money on Food, Housing

The Biden administration has started to grant states’ requests to utilize Medicaid funding to pay for nonmedical but health-related needs like groceries and housing support in order to decrease the need for medical intervention.

Thousands of French Farmers Protest E.U.’s Latest Green Agenda

The protest comes in response to the ban on neonicotinoid insecticides for sugar beets.

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