Business
US business activity edges lower; pricing power ebbs further
U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
$2.2 billion investment
Department Of Energy Announces $2.2B Investment In Strengthening Power Grid
On Tuesday, the Biden administration announced its plans to invest $2.2 billion into the nation’s power grid in an attempt to revamp the grid against the threat of extreme weather and move forward with President Joe Biden’s clean energy program.
Average Hourly Earnings
US job growth slows moderately; unemployment rate rises to 4.1%
The Labor Department’s employment report also showed the economy created 111,000 fewer jobs in April and June than previously estimated.
$18 billion
Biden Administration Announces Additional Tariffs On Chinese Imports
The Biden administration unveiled a new round of tariffs on $18 billion of Chinese imports. The White House said the tariff increases will protect American workers and businesses in response to China’s unfair trade practices.
adverse effects
AstraZeneca Withdraws COVID-19 Vaccine Worldwide
The UK-based pharmaceutical company AstraZeneca announced on Wednesday that it would be withdrawing its COVID-19 vaccine, allegedly due to “decreased demand.”
221 milliliter cans
PepsiCo Recalls Mug Root Beer, Citing Mislabeled ‘Sugar-Free’ Mix-Up
In addition to PepsiCo recalling Schweppes Zero Sugar Ginger Ale, the company is now recalling their Mug Root Beer soda as well.
activity
FBI Director Wray: Chinese Hackers Preparing To Attack U.S. Infrastructure
According to FBI Director Christopher Wray, hackers connected to the Chinese government are waiting for the ideal opportunity to “deal a devastating blow” to vital infrastructure in the United States.
advance force
Flood of Chinese illegals could be spies targeting U.S. infrastructure
Experts are warning the Chinese illegals pouring over our southern border are very likely spies for communist China and could be preparing for an attack on U.S. infrastructure.
2024 campaign
The Biden Administration’s New Regulation Could Wipe Out 1 Million U.S. Jobs
The Biden administration’s Environmental Protection Agency (EPA) has put a new law into regulation that could potentially cut one million jobs across the country and could undermine new efforts to build new manufacturing facilities.
$1 billion revenue
Generative AI’s wild 2023
ChatGPT was well on its way to becoming a household name even before 2023 kicked off.