Commerce Department

Housing Starts Plunge 9.6%, Raising Recession Fears

The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.

U.S. Enters Recession Under Biden

U.S. economy shrank 0.2% in the June quarter, 0.9% on an annualized basis.

New Bill to Tax College Endowment Investments in Hostile Chinese Companies at 100 Percent

A new Republican-backed bill in Congress seeks to pressure elite private colleges to pull their endowment dollars from hostile Chinese entities by taxing those investments at a 100 percent rate.

Biden Boosts China’s Economy by Waiving Solar Panel Tariffs on the Country: ‘Unfettered Access to China’s State-Subsidized Solar Companies for the Next Two Years’

"The amount of negative impact this will have will last decades if not forever turn the tide of competition with China in favor of China," said Captjur CEO Bob Bilbruck.

Specter of Stagflation Arrives for National Small Business Week

Just in time for National Small Business Week, stagflation is arriving.

Excessive Government Spending Is Dragging Down the American Economy, Analysts Say

A year ago, President Joe Biden was riding the polls with a 59 percent approval rating having just signed what he called the “American Rescue Plan”...

Who Is Eric Schwerin? What to Know About Hunter Biden’s Business Partner

Eric Schwerin became one of Hunter Biden’s closest friends, business associates, and an emotional “pillar” to the president’s troubled second son over a 20-year relationship that transformed the enigmatic moneyman into a D.C. power player.

Us Added 431,000 Jobs in March in Sign of Economic Health

America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.

The Biden Administration Is Preparing to Regulate Bitcoin, Citing National Security Concerns

The Biden administration is preparing to draft Bitcoin and other cryptocurrency regulations.

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