September 29, 2022

Joe Biden Not Worried About Inflation or Stock Market Plunge: ‘We’re Going to Be Fine’

President Joe Biden shrugged off the latest unexpectedly high inflation numbers on Tuesday even as they triggered a sudden plunge in the stock market. “I think we’re going to be fine,” Biden told reporters Tuesday night when asked about the disappointing data release earlier in the day. The president spoke briefly to reporters after traveling…

Report: CNN Profits Plunge Below a Billion, Ratings Tank as Warner Bros. Discovery Plans Drastic Cuts

CNN is reportedly on pace to miss its profitability target by a substantial margin amid a continued crash in ratings just as the network’s new parent company, Warner Bros. Discovery, is planning to enact drastic cuts across its media properties. The left-wing CNN’s  profitability is expected to decline to $956.8 million this year, marking the…

U.S. Crude Oil Inventories Plunge and Prices Jump as Climate Left Calls for End of Fossil Fuel Financing

U.S. crude-oil stockpiles plunged last week as a pick-up in refining was not matched by a pickup in extraction, which remains paralyzed due to pressure on banks and investors to cut off access to credit and capital for fossil fuel companies. Crude-oil inventories fell by 3.4 million barrels to 410 million barrels, according to data…

Jobless Claims Plunge by More than Expected to Near 49 Year Low.

The number of Americans filing for unemployment benefits fell by more than expected last week Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ended Sept. 29, the Labor Department said Thursday. Hurricane Florence, which hit North Carolina and South Carolina last month, affected claims, according to the […]

Facebook Eliminates 93% of Traffic to Top Conservative Sites — Stocks Plunge 24%

Facebook stock slid 24% Wednesday after disappointing quarterly results. The controversial social media giant is losing new users. CNBC reported: The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose […]