June 27, 2022

Asian Shares Sink as China Says First Quarter Growth at 4.8 Percent

BANGKOK—Shares were mostly lower in Asia and U.S. futures fell after China reported Monday that its economy expanded at a 4.8 percent annual pace in January-March. Benchmarks fell in Tokyo, Seoul, Taipei, and Shanghai. Seoul edged higher. Markets in Europe and in Hong Kong and Sydney were closed for holidays. Wall Street benchmarks declined last…

Mortgage Refinance Applications Dip 62 Percent as Rates Rise at Faster-Than-Expected Pace

Mortgage refinance demand dropped for the week ending April 8 according to the Mortgage Bankers Association (MBA), while it also expects refinance originations to drop by double digits in 2022. MBA’s Refinance Index slipped 62 percent for the week when compared to the same week a year back. The index was lower by 5 percent…

Crime Jumps 36.5 Percent in New York City as Bail Laws Shape Gubernatorial Race

Overall index crime in New York City jumped a staggering 36.5 percent last month compared to March of 2021 as the state’s soft on crime bail laws begin to shape the 2022 gubernatorial race. There were 1267 robberies city-wide in March, which is a 48.4 percent leap from the 854 robberies in March of 2021,…

Here’s Why Baird Slashed PayPal’s Price Target by 15 Percent

A sign is posted in front of PayPal headquarters in San Jose, Calif., on Feb. 2, 2022. (Justin Sullivan/Getty Images) Baird analyst Colin Sebastian lowered the price target on PayPal Holdings Inc. to $175 from $205 (51.3 percent upside) and kept an Outperform rating on the shares. He believed steady or even accelerating trends concerning merchant integration with digital…

Democrat Midterm Chief Releases Internal Poll Showing Lead, But with Under 50 Percent Support

Democrat Midterm Chief Rep. Sean Patrick Maloney (D-NY) released an internal poll of him leading Republican challenger New York state Rep. Colin Schmitt in a hypothetical matchup but only receiving under 5src percent of support. Maloney showed a 12 point lead against the Republican challenger, with less than half of the vote, 49 percent. Thirty-seven percent…

Australia’s Unemployment Rate Drops to 4 Percent

Australia’s unemployment rate has dropped to four percent, the lowest rate since August 2008, as the economy added around 77,000 jobs according to the latest figures from the Australian Bureau of Statistics (ABS). The country’s overall employment increased to 13,372,000 with monthly hours worked increasing by 149 million hours. “With employment increasing by 77,000 people…

Report: 1-Bedroom Average Rent Rose 12.3 Percent Nationally in One Year

Justin Sullivan/Getty Images The national median prices for one-bedroom and two-bedroom rental units have skyrocketed as rent climbs sharply in cities across the country amid inflation, according to a report. Rental platform Zumper has released its February National Rent Index report, which found the median rent for a one-bedroom apartment in the United States is…

Number of Americans Living Paycheck to Paycheck Jumps 7 Percent, Report Shows

A growing number of Americans are living paycheck to paycheck despite increasing wages, a newly released report found. PYMNTS and Lending Club released the report, which says that 61 percent of Americans are living paycheck to paycheck, an increase of 7 points since May 2021. The report also found 54 percent of Baby Boomers and…

Trimble Clocks 12 Percent Revenue Growth in Q4; Issues FY22 Guidance

Trimble Inc. reported fourth-quarter FY21 revenue growth of 12 percent year-on-year to $926 million, beating the consensus of $895.6 million. Annualized recurring revenue was $1.41 billion, up 9 percent Y/Y. Product revenue grew 14.6 percent Y/Y to $562 million. Service revenue was flat at $165.1 million…

CDC: Coronavirus Deaths Increase 40 Percent in One Week 

Coronavirus deaths have increased 4src percent in one week, Centers for Disease Control and Prevention (CDC) Director Rochelle Walensky told reporters Wednesday. While Joe Biden said Donald Trump was responsible for U.S. coronavirus deaths in 2src2src, the death rate in the past week has increased 4src percent, or per the CDC’s moving seven-day average, 1,633 deaths per day. An estimated 339,srcsrcsrc individuals have died from…

CDC Confusion: Omicron 95 Percent of Coronavirus Strains, Up from 22 Percent

Centers for Disease Control and Prevention (CDC) estimated the omicron variant now accounts for 95 percent of coronavirus strains as of January 1. While omicron has defied the CDC’s past infectious calculations, 95 percent is an increase from December 18, when the CDC estimated 22 percent of all infections were due to omicron. Biden said he would…

Poll: Joe Biden’s Job Approval Crashes to 36 Percent 

Just 36 percent of registered voters approve of President Joe Biden’s job performance, Civiqs polling revealed Sunday. Biden’s approval has reached historic lows amid high crime, 4src-year-high inflation, and Americans stranded in Afghanistan: 55 percent disapprove of Biden’s job performance. Among those 18 to 34 years old, Biden’s approval rating is only 28 percent, while…

Rasmussen Poll: Joe Biden’s Approval Rating Sinks to 40 Percent

President Joe Biden’s approval rating has sunk to 4src percent, a Thursday Rasmussen poll revealed. Fifty-eight percent of respondents disapproved of Biden’s job performance, an 18 percent difference. The poll also revealed only 2src percent of Americans strongly approve of Biden’s job performance, while 48 percent strongly disapprove, marking a 28 percent deficit. While Americans…

Poll: 77 Percent of Americans Believe Bidenflation is Impacting Their Holiday Season  

Seventy-seven percent of Americans believe inflation is impacting their holiday season, according to Tuesday’s Yahoo News/YouGov poll. While a majority of Americans blame President Joe Biden for the inflation stifling their holiday season, only 18 percent believe “Biden is doing enough to address it.” The poll also shows overall eight in ten Americans are impacted by…

Prosecution of Project Veritas Sounds Warning About Two-Tier Justice and Big State Corruption

Commentary Whatever else can be said about the FBI’s vendetta against James O’Keefe and Project Veritas, his investigative journalism enterprise, it is a useful reminder of two things: 1) that we increasingly live in a two-tier society in which the lower tier can expect the arbitrary intrusion of all the coercive elements of the state,…

Canadian Governments Have Overshot Spending and Tax Revenue Targets for 20 Years: Report

Governments need to budget better and more reliably meet budget commitments, say authors Over the past 20 years, Canadian federal, provincial, and territorial governments have spent a cumulative $119 billion more than they budgeted for, while taxing Canadians $143 billion more than their budgets intended, a new report shows. Since the 2000-01 fiscal year, these…

Nelly Korda, Lexi Thompson Tied for Lead in Low-Scoring LPGA

BELLEAIR, Fla.—Nelly Korda started with two birdies and finished the same way Saturday, making up plenty of ground along the way for a 7-under 63 that gave her a share of the lead with Lexi Thompson in the Pelican Women’s Championship. Low scores ruled the day again at Pelican Golf Club, with 10 rounds at…

GOP Leaders Betray Their Voters Over Murkowski

The other day, I received the following email from Lisa Murkowski, currently Republican senator from Alaska: “Fellow Conservative, “Today I announced my campaign for re-election to continue representing the great state of Alaska. You’ve been there from the beginning, Fellow Conservative, and I wanted you to hear the news directly from me. “As a born…

Trafalgar Poll: Biden Approval Plummets Under 40 Percent, Under 30 with Independents

President Joe Biden’s approval rating hit a new low in the Trafalgar Group poll released Friday, showing Biden’s approval just below 40 percent overall. The poll showed Biden’s approval lingers at 39.6 percent. The president’s disapproval spiked to 56 percent, with over 50 percent of the respondents who said they “strongly disapprove.” Only 4.3 percent had no opinion…

Mexico’s Central Bank Raises Interest Rate to 4.75 Percent Over Inflation Concern

The Bank of Mexico raised the benchmark interest rate by one-quarter percent to 4.75 percent in a 4:1 split vote on Thursday over short-term inflation concerns. The central bank of the second-largest Latin American economy, also known as Banxico, revised upward the inflation in the latest inflation forecasts because of “global inflationary pressures and bottlenecks…

Poll: Biden Approval Plummets to Under 38 Percent as Republicans Take Commanding 8-Point Lead in Generic Midterm Ballot

Democrat President Joe Biden’s approval rating keeps sinking, now down to 37.8 percent in the latest USA Today/Suffolk University poll. The sharp turn against the sitting president comes as Republicans take a commanding lead in the generic congressional ballot, and the public sours on Biden’s agenda. A strong majority of 59 percent disapproves of Biden,…

Experts Fear Biden’s Global Minimum 15 Percent Tax Rate on Big Corporations Could Harm Small Businesses

Experts are concerned that President Joe Biden’s new global minimum tax rate of 15 percent on large multinational business will harm the small businesses that support them. Treasury Secretary Janet Yellen confirmed on Saturday that leaders of the world’s 20 biggest economies (G-20) have endorsed the “historic agreement” on new international tax rules…

Lumber Prices Rose 50 Percent Since August and May Climb Higher

The price tag on lumber, after declining since its all-time high in May, could climb higher through the early months of the coming year, experts recently told Insider. The outlet reported Saturday: Lumber futures as of October 8 were hovering around $713 per thousand board feet – still 58% lower than the record high of…

Poll: Biden’s Approval Rating Sinks to 37 Percent 

President Joe Biden’s approval rating continues to fall, with 37 percent of Americans approving the job he is doing, according to a Quinnipiac poll released on Tuesday. While only 37 percent of Americans approve of Biden’s job performance, 52 percent disapprove. The numbers are similar when asked about their opinion of the president.  Only 38…

Poll: Iowa Democrat Cindy Axne Trails Generic Republican Opponent by 9 Percent

Rep. Cindy Axne, the lone congressional Democrat from Iowa, whom Republicans are looking to unseat, is trailing in a poll against a generic Republican as she sides with President Joe Biden’s partisan agenda. According to the latest poll from the American Action Network, Axne loses in a head-to-head election against a generic Republican on the ballot. The poll…

Study: 68 Percent of People over Age 6 in India Have Coronavirus Antibodies

More than two-thirds of people in India aged above six years have antibodies against the Chinese coronavirus, the Times of India reported on Friday, citing a new analysis by the state-run Indian Council of Medical Research (ICMR). “Two-thirds of the general population above the age of six, or 67.6 percent were found to have SARS-CoV-2…

DeSantis: 70 Percent of Migrants Apprehended in Del Rio, Texas, Headed to Florida

Photo: Randy Clark/Breitbart Texas Florida Governor Ron DeSantis expressed surprise at reports from the border in Del Rio, Texas, saying that 70 percent of apprehended migrants are headed to his state. The Florida governor’s comments came following a border briefing with Texas Governor Greg Abbott on Saturday. Governor DeSantis told reporters that 70 percent of…

Poll: Only 15.5 Percent of Democrats Blame Hamas for Current Violence in Israel

Only 15.5 percent of Democrats blame Hamas for the current Middle East violence, according to the Trafalgar Group. Nearly 38 percent of Democrats believe Israel is to blame for the current violence, while 34.4 percent do not know. pic.twitter.com/Z15NYZRT3d — Wendell Husebø (@WendellHusebo) May 19, 2021 It appears President Joe Biden has sided with the…

Anti-Critical Race Theory School Curriculum Candidates Win Big in Texas Town With 70 Percent of Vote

Voters in Southlake, Texas, a suburb of the Dallas/Fort Worth area, gave school board and city council candidates who oppose putting critical race theory in public school curriculums 70 percent of the vote in an election on Saturday. The election comes nine months after the Carroll Independent School District introduced a proposal to install so-called…

Strikeout!: MLB Favorability Among Republicans Crashes 35 Percent

Major League Baseball’s favorability rate among Republicans has collapsed 35 percent, down from 47 percent to 12 percent in only a month. In the wake of MLB’s decision to remove its All-Star Game from Atlanta over Georgia’s new election integrity law and its increasing number of woke proclamations, Republican support for pro-baseball has cratered, according…

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