Economic

‘Summer Davos’ WEF Meeting to Be Held in China

The World Economic Forum (WEF) is to hold its 14th "New Champions" meeting in Tianjin, China.

Rep. Jordan Subpoenas Former Assistant DA Mark Pomerantz in Investigation into Indictment of Former President Trump

Jim Jordan, Chairman of the Committee on the Judiciary, has issued a subpoena compelling former New York County Special Assistant District Attorney Mark F. Pomerantz to appear for a deposition regarding his role in the investigation of former President Trump's finances, in light of the Committee's oversight of the New York County District Attorney's indictment of the former President and current declared candidate for that office.

Pentagon Investigates Leak of Classified War Plans for U.S.-Backed Ukraine Offensive Against Russia

The Pentagon is investigating the leak of classified American and NATO plans to bolster the Ukrainian military ahead of a planned offensive against Russian troops.

JPMorgan Chase CEO Implores Lawmakers to Seize Private Property, Create Solar Farms

JPMorgan Chase CEO Jamie Dimon suggested lawmakers seize private property to build solar and wind farms.

Japan Breaks Sanctions With Western Allies, Buys Russian Oil Above Price Cap

Japan is now buying Russian oil above the price cap set by the G7, breaking its agreement with the country's western allies.

U.S. Manufacturing Decline Indicative of Economic Condition

U.S. manufacturing has declined to its lowest level in almost three years.

83% of Americans View Current Economy Negatively: Gallup Survey

A Gallup survey indicates that 83% of Americans view the current state of the U.S. economy negatively with inflation being the biggest economic concern, while non-economic issues such as aspects of government or leadership cited as the leading problem by twice as many Americans.

Social Security Fund to Run Out by 2033

The Social Security Administration will be depleted by 2033, resulting in a 23% benefit cut unless Congress takes action.

China and Brazil Ditch U.S. Dollar for Direct Currency Trade

China and Brazil have signed a deal to trade in their own currencies, bypassing the U.S. dollar as an intermediary, to reduce costs and promote bilateral trade.

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