The U.S. central bank may hike interest rates by up to 75 points due to the high rate of inflation, according to James Bullard, president of the St. Louis Federal Reserve Bank who also added that he does not expect such an increase to occur right away.
Entrepreneur Elon Musk, the world’s richest man who is worth more than a quarter of a trillion dollars, appears to have slightly shifted his strategy in his attempt to buyout Twitter and take the company private, according to a new report.
Having already set a record for illegal border crossings in 2021, the Biden administration is expected to invite even more to cross this year, setting up a bigger crisis along the Mexican border with Texas, Arizona, and California, according to a new analysis.
The situation in the Russian economy is stabilizing, while the ruble’s exchange rate is returning to the levels of early February, President Vladimir Putin said at a meeting on economic issues on Monday.
As President Joe Biden searches for slogans, excuses, and scapegoats to explain his miserable wreck of a presidency, I would suggest one for the handling of the never-ending COVID saga: “Not as bad as China.”