The maker of Dove soap and Hellmann’s mayonnaise warned of accelerating price increases across a range of products, as it seeks to counter cost inflation across its business. Unilever UL -5.43% PLC said Thursday that it was grappling with higher costs for ingredients, packaging and transportation, which would likely lower its full-year profitability—a warning that … Continued
It’s been six months since President Biden took office, and one Cabinet position remains vacant: director of the Office of Management and Budget. Biden’s first choice for the job, Neera Tanden, withdrew from consideration in early March as her path to confirmation seemed to hit a dead end. He has yet to put forward another … Continued
The already-unsustainable national debt has spiked massively during the pandemic. Inflation is up, with some business leaders now openly fretting that it won’t be reversed any time soon. Democrats have already passed nearly $2 trillion in totally partisan ‘COVID relief,’ including provisions that have hampered our economic recovery. They’ve now announced a staggering $3.5 trillion package to fund the Biden agenda, … Continued
Two of Wall Street’s top CEOs have differing views on inflation, but both diverge from the Federal Reserve’s predictions that price increases are transitory and will fade away once the supply shocks and other pressures ease. Larry Fink, chairman and CEO of BlackRock, the world’s largest asset manager is convinced that inflation is not temporary as he … Continued
Editor’s note: Sen. Mike Lee (R-Utah) took to the Senate Floor this week delivering a sobering speech explaining to Americans what is really going on with Washington’s out-of-control spending and the impact it is having on Americans. We are printing his speech in its entirety and hope you will share it with others to help … Continued
Members of an organized campaign who oppose the Nashville Taxpayer Protection Act are reportedly well-stocked with cash and have more that 400 times as much money as the people who favor it. The people on the opposing side — residents who have pushed for the referendum — have a sum of cash that, by comparison, is paltry. … Continued
Millions of Americans say they can’t find a job. Millions of employers say they can’t find workers. A reason for this mismatch is that people are leaving cities or industries where businesses need them most. More than nine million Americans said in May that they wanted jobs and couldn’t find them. Companies said they had more … Continued
Commentary Star Parker It is one of the unfortunate ironies coming out of the Biden administration that, with all the obsession about so-called equity, policies they are putting forth will only hurt the very low-income Americans they pretend to want to help. The Biden administration is growing government at a record pace. If what they … Continued
The Biden administration is moving forward with new rules targeting what it sees as unfair practices in the agribusiness industry as part of an executive order on competition. “The U.S. Department of Agriculture announced that it will engage in a series of rule-makings to increase competition in agricultural industries, to boost farmers’ and ranchers’ earnings, fight back … Continued
Well over 1,000 companies across the globe may have been affected by a ransomware attack that targeted software firm Kaseya, as hackers demand $70 million to undo the damage. A spokesperson for Kaseya told FOX Business on Monday that less than 60 of its customers had been affected, but between 800 and 1,500 of those … Continued
A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday. Though the gain was the biggest in nearly 30 years, it met the Dow Jones estimate and markets reacted little to the news. The core personal consumption … Continued
Treasury Secretary Janet Yellen on Wednesday pleaded with lawmakers to raise the federal debt ceiling to stave off an “unthinkable” first-ever default on U.S. debt obligations that could spark a financial crisis. Yellen made the remarks in testimony before a Senate Appropriations subcommittee, urging lawmakers to raise the legal cap on how much the federal government can owe, while … Continued
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