TV News LIES

Sunday, Jun 16th

Last update08:04:33 PM GMT

You are here All News At a Glance Economic Glance

‘Greed’: John Deere rolls out hundreds of US layoffs and sends work to Mexico

John Deere sends hundreds of jobs to Mexico

US workers at John Deere plants have accused the company of acting on “greed” as America’s most famous agricultural equipment company plans to shift more production to Mexico.

The company – famous for its green tractors and leaping deer logo – has announced layoffs of several hundred workers over the last several months with more layoffs planned for later this year.

“We get wind of more layoffs daily, it seems, and it’s causing uncertainty all over,” said a longtime John Deere worker at the Harvester Works plant in East Moline, Illinois, who requested to remain anonymous for fear of retaliation. “The only reason for Deere to do this is greed.”

More...

The Dow Jones hits 40,000 for the first time. What to know about this major milestone

DJ hits 40,000 for the first time

The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsement of the health of the U.S. economy.

The trigger that drove the market to a historic high was new data released Wednesday showing annual inflation easing after three consecutive months of higher-than-expected reports.

For investors the news of cooling inflation was a huge relief. Stubborn inflation has been one of the top challenges for an economy that otherwise is doing remarkably well.

The question now is whether these gains in the markets can be sustained. The Dow eventually gave up its earlier gains and ended down slightly at 39,869 points.

Here are three things to know about where things stand in stock markets.

More...

Trump's Truth Social shares are plunging again, erasing billions of dollars in value

Truth Social shares fall again

About two weeks since its meteoric debut, shares of Truth Social are slumping, wiping out billions of dollars in value in former President's Trump's stake.

Shares of Trump Media & Technology Group — the company behind Truth Social — lost 8% on Monday after already losing 12% on Friday.

It's now trading at its lowest level since the company's trading debut on March 26. Trading has been remarkably volatile since its debut, with some big swings.

The sharp declines over the past two days will take a big bite out of Trump's paper gains.

The former president owns a majority stake in the company and his stake was valued at about $2.9 billion on Monday, down from a peak of over $6 billion after its debut on its trading debut.

More...


 

Biden hails ‘America’s comeback’ as 303,000 new jobs in March beat forecast

Biden hailed new job growth numbers

The US workforce added 303,000 jobs last month, far more than expected and the 39th straight month of job gains in the US. The unemployment rate dipped to 3.8%.

Joe Biden hailed the report as “a milestone in America’s comeback”.

“Three years ago, I inherited an economy on the brink. With today’s report of 303,000 new jobs in March, we have passed the milestone of 15m jobs created since I took office. That’s 15 million more people who have the dignity and respect that comes with a paycheck,” he said.

Economists had expected the US to add 192,000 jobs for the month. Hiring has remained surprisingly strong despite the Federal Reserve’s attempts to cool inflation by raising interest rates.

More...

U.S. Employers Added Robust 303,000 Jobs In March In Sign Of Economic Strength

Labor Dept.America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.

Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that economists had forecast. By any measure, it amounted to a major burst of hiring, and it reflected the economy’s ability to withstand the pressure of high borrowing costs resulting from the Federal Reserve’s interest rate hikes. With the nation’s consumers continuing to spend, many employers have kept hiring to meet steady customer demand.

Friday’s report from the Labor Department also showed that the unemployment rate dipped from 3.9% to 3.8%. The jobless rate has now come in below 4% for 26 straight months, the longest such streak since the 1960s. The government also revised up its estimate of job growth in January and February by a combined 22,000.

More...

US corporations push to roll back Trump-era tax policies they once endorsed

US Corporations want to roll back Trup era tax breaks

US corporations and their supporters in Washington are pushing aggressively to roll back tax policies they once endorsed, in a move that could return hundreds of billions of dollars to some of America’s biggest companies.

As congressional negotiators attempt to keep the government funded past 19 January, an agreement is emerging that ties the corporate tax breaks to an increase in support for vulnerable American families – an effort to make the deal more palatable for Democrats.

Just six years ago the Business Roundtable, a lobbying group for CEOs of large US firms, described the Trump-era Tax Cuts and Jobs Act as “a remarkable, once-in-a-generation opportunity”. Now, the group is leading “a six-figure advocacy campaign” to roll back parts of it, according to Politico, and threatening that failing to secure new tax cuts will lead to “slower job creation, smaller wage increases and lower overall economic growth”.

More...

Crypto exchange FTX files for bankruptcy amid $8 billion shortfall

FTX files for bankruptsy

FTX Trading on Friday filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for one of the world's largest cryptocurrency exchanges.

Founder and CEO Sam Bankman-Fried also resigned from the company, which appointed John J. Ray III as its new chief executive. Bankman-Fried plans to stay with FTX while it works through the bankruptcy process, according to a statement on Friday.

"The immediate relief of Chapter 11 is appropriate to provide the FTX Group the opportunity to assess its situation and develop a process to maximize recoveries for stakeholders," Ray said in the statement.

More...

Page 1 of 68

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!