Sen. Bernie Sanders, I-Vt., proposed a plan Monday to eliminate all $1.6 trillion in student debt held by Americans by levying a tax on Wall Street banks. Speaking outside of the Capitol building and flanked by Reps. Ilhan Omar, D-Minn., and Pramila Jayapal, D-Wash., Sanders called for the elimination of all student loan debt held […]
Category: Business
Trump Admin To Make Protecting Elders From Fraud A Priority
The Justice Department has formed a transnational elder fraud strike force to combat the growing international problem of elder fraud. Elder fraud is when fraudsters prey on older victims who can be more susceptible to when approached to give money to sympathetic causes and in some cases threatened and harassed by criminals. Recently, three Peruvian […]
Economy Only Adds 75k Jobs, 100K Less Than Expected
The U.S economy added 75,000 jobs in May, the Labor Department reported Friday, falling short of expectations by nearly 100,000 jobs. Economists expected the U.S. to add roughly 185,000 jobs in May after a massive gain of more than 200,000 in April. But employment growth fell well short of that mark last month, though the […]
$444 Mega Million Winner To Be Drawn Tonight
Winners must match all five numbers plus the Mega Ball to take home the big prize. For the lowest prize of $2, players must match the Mega Ball number. The Mega Millions drawing isn’t the only lottery with a large jackpot going into the weekend. With the Powerball jackpot currently at $350 million, the combined […]
Trump Announces $16B Bail Out To Farmers Hurt By Trade War
WASHINGTON — President Donald Trump on Thursday announced a $16 billion aid package for American farmers aimed at softening the financial blow created by the ongoing trade war with China. “Our farmers will be greatly helped,” Trump said during a press event in the Roosevelt Room at the White House. “The 16 billion [dollar] funds […]
San Francisco First City To Ban Facial Recognition Tech
“I think San Francisco has a responsibility to speak up on things that are affecting the entire globe, that are happening in our front yard,” Peskin said earlier this month. Tech-savvy San Francisco on Monday became the first city to ban the use of facial recognition technology by local law enforcement and other city agencies, signaling an […]
Dow Plummets Over 600 Points Due To Chinese Tariffs
Wall Street saw a massive sell-off on Monday as investors responded to an escalating trade battle between the U.S. and China, after Beijing announced it would be slapping tit-for-tat tariffs on $60 billion of U.S. goods. Concluding a session of steep losses, the Dow Jones Industrial Average ended down by 618 points, or 2.38 percent, […]
Trade War With China To Escalate Soon
China’s Commerce Ministry reportedly said Wednesday that it will respond “in kind” if President TrumpDonald John TrumpDOJ threatens executive privilege over Mueller report if Dems carry out contempt vote Trump touts ‘BIG FIREWORKS’ returning to Mt. Rushmore for July 4 Trump taps ex-State spokeswoman Heather Nauert to help oversee White House fellowships MORE moves to increase […]
263,000 Jobs Added, Unemployment Drops To 3.6%
Employers added 263,000 jobs last month, underscoring the economy’s resilience after some analysts had feared earlier in the year that a slowdown was coming. The latest data suggest that the economy is showing robust growth, and provides a talking point for Republicans and President Trump as the 2020 presidential campaign nears. Payrolls have now risen […]
Dow Jones Soars 200 Points
Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April. The S&P 500 gained 1% while the Dow Jones Industrial Average rose about 220 points. The Nasdaq Composite also climbed 1.5% higher. Shares of Amazon got a boost from an investment by Warren Buffett’s […]
Economy Off To Best Start Since 2015
The economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years. “We’re knocking it out of the park,” President Donald Trump told reporters at the White House on Friday. First-quarter GDP expanded by 3.2 percent in the first quarter, the Bureau […]
Social Security Will Run Out In 2035
Social Security’s reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits in full. That’s according to the annual Social Security and Medicare trustees report released on Monday, which said total costs of the program, which covers the old age and disability […]