5 things to know before the stock market opens Monday, August 8

5 things to know before the stock market opens Monday, August 8

A trader works on the floor at the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks look for momentum US equity markets were on track to open higher Monday morning after three … Read more

Saudis thumb nose at Biden’s request to boost oil output

Saudis thumb nose at Biden’s request to boost oil output

President Biden’s trip to Saudi Arabia was deemed a failure by analysts after oil-producing states announced Wednesday that they would boost output by just 100,000 barrels a day starting next month — a drop in the bucket compared to America’s vast energy needs. The Saudi-led Organization of Petroleum Exporting Countries and its allies announced the … Read more

Economist slams Facebook for fact-checking recession post

Economist slams Facebook for fact-checking recession post

A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partly false” rating as President Biden continues to reject the grim assessment of the economy. Dr. Phillip Magness, the research and education director at the American Institute for Economic Research, … Read more

Home Depot co-founder insists US economy has entered downturn

Home Depot co-founder insists US economy has entered downturn

Home Depot’s co-founder has blasted Joe Biden’s claim that the US isn’t in a recession, says the economy is going down – and added that the president’s economic policies were to blame for rocketing inflation. Ken Langone appeared on Fox’s ‘Your World with Neil Cavuto’ Friday, and said: ‘Here’s where we are. And by the … Read more

Biden shrugs off recession talk, talks up fighting inflation

Biden shrugs off recession talk, talks up fighting inflation

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead of major legislative progress on measures to tame inflation, reduce debt and preserve America’s competitive edge. The desire to accentuate the … Read more

Here’s what a possible recession could mean for American consumers

Here’s what a possible recession could mean for American consumers

Americans want to know: Is this a recession or not? Officially, the National Bureau of Economic Research defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the … Read more

Biden fights talk of recession as key economic report looms

Biden fights talk of recession as key economic report looms

Facing a potentially grim report this week on the economy’s overall health, President Joe Biden wants to convince a skeptical public that the US is not, in fact, heading into a recession. The Commerce Department on Thursday will release new gross domestic product figures. Top forecasts such as the Atlanta Federal Reserve’s GDPNow are predicting … Read more

Meta Asks Oversight Board If It Can Stop Caring About Covid Misinformation

Meta Asks Oversight Board If It Can Stop Caring About Covid Misinformation

Photo: Andrew Caballero-Reynolds (Getty Images) Meta, the company routinely railed against by experts and lawmakers for turbocharging covid-19 lies, wants its hand-picked Oversight Board to weigh in on whether the whole misinformation thing is still that big of a deal. In a blog post published Tuesday, Meta President of Global Affairs, Nick Cleggsaid the company … Read more

Inside the PGA Tour’s lobbying effort against Saudi-funded LIV Golf

Inside the PGA Tour’s lobbying effort against Saudi-funded LIV Golf

Since last year, the PGA Tour has been speaking behind the scenes with White House officials and congressional lawmakers about its concerns with LIV Golf, a rival league funded by Saudi Arabia. As plans for LIV Golf were coming together, the PGA Tour quietly started reaching out to the White House and lawmakers from both … Read more

5 things to know before the stock market opens Friday, July 22

5 things to know before the stock market opens Friday, July 22

Here are the most important news items that investors need to start their trading day: 1. Another mixed morning for stocks Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2022. Brendan McDermid | Reuters The three major US stock indexes looked like they were in for some jumbled trading … Read more