Business

close Video Kenosha businessman reflects on Jacob Blake riot 2 years after a mob burned his business down Ahead of midterm elections, a Kenosha businessman pleads politicians to put politics aside when it comes to promoting public safety amid rising crime. A Kenosha businessman, two years after a mob looted and burned his family business to the ground, criticized Democrats for initially supporting the defund the police movement and called on lawmakers to unite to condemn rioting. "If you want to protest, then okay, fine let’s do that," Scott Carpenter, the manager of B&L Office Furniture, told Fox News. "But we can’t bring in the rioting and the disaster stuff that happens with that." In a summer of unrest, Kenosha was home to one of the more memorable riots in 2020. Several businesses, including a used car lot , were set ablaze after a police officer shot Jacob Blake seven times in the back during a struggle. It's also when Kyle … [Read more...] about Kenosha businessman reflects on Jacob Blake riot 2 years after a mob burned his business to the ground

The Federal Reserve’s preferred inflation gauge remained elevated in August, data released on Friday showed, further evidence that the central bank is contending with a stubborn problem as it tries to choke off the worst inflation in four decades. The Personal Consumption Expenditures inflation measure, which is the measure the Fed officially targets as it tries to achieve 2 percent annual inflation, climbed 6.2 percent over the year through August. While that was a slowdown from 6.4 percent in July, it was higher than the 6 percent that economists in a Bloomberg survey had expected. The details of the report were even more concerning. Price increases have been moderating somewhat on an overall basis, partly because gas prices have been declining. But after volatile fuel and food prices were stripped out to get a sense of underlying inflationary pressures, the index climbed 4.9 percent over the year through August, an acceleration from 4.7 percent the month before. And on a … [Read more...] about The Fed’s Preferred Inflation Measure Remains Stubbornly High

Our call that the factors that brought inflation down in July had run out of steam looks pretty good in light of the most recent report on personal consumption expenditures (PCE). Earlier this week, we said that instead of wondering whether we had hit peak inflation back in June, investors and analysts should turn toward the question of whether we had hit peak disinflation . The word disinflation refers to a slowdown in the rate of inflation, which is different from deflation , which is an actual decline in prices. Peak disinflation implies that the largest part of the slowdown is behind us—at least for now. The personal consumption expenditure price index data released by the Commerce Department’s Bureau of Economic Analysis (BEA) on Friday showed that inflation re-accelerated in August. The headline figure showed a decline of 0.1 percent in July compared with the prior month, largely due to lower gas prices. In August, the headline figure rose 0.3 percent. Core PCE … [Read more...] about Breitbart Business Digest: Peak Disinflation Confirmed

LOUGHTON, England — After nearly two decades of renting in one of the world’s most expensive cities, the Szostek family began the week almost certain that they would finally own a home. Transplants to London who fell in love as housemates, Laetitia Anne, an operations managerfrom France, and her husband, Maciej Szostek, a chef from Poland, had long dreamed of being homeowners. They had waited out the uncertain pandemic years and worked overtime shifts to save up for the deposit for a mortgage on a three-bedroom apartment in a neighborhood outside London. Their 13-year-old twins were excited they could finally paint the walls. That was before British financial markets were upended, with the pound briefly hitting a record low against the dollar on Monday and interest rates soaring so rapidly that the Bank of England was forced to intervene to restore order. The economic situation was so volatile that some mortgage lenders temporarily withdrew many products. By Tuesday … [Read more...] about ‘You Can Feel the Fear’: U.K. Borrowers Face Up to a Broken Mortgage Market

A Chinese Covid-19 vaccine based on mRNA technology has received government approval for the first time — but not in China. The shot, developed by Walvax Biotechnology, Suzhou Abogen Biosciences and the Chinese military, was cleared this week by Indonesia for emergency use, handing China a long-sought victory in the development of a homegrown vaccine using mRNA at a politically sensitive moment for the ruling Communist Party. First developed and approved in the West, mRNA vaccines have been embraced by countries all over the world, including Indonesia, and are considered among the most effective vaccines that the world has to offer. But more than two years into the pandemic, they are not yet available in China, which has relied on an increasingly draconian “ zero Covid ” approach to keep cases and deaths from the virus low. A two-dose regimen of the Chinese mRNA vaccine had an efficacy rate of 71.17 percent against infection from the Omicron variant of the coronavirus, … [Read more...] about China Gets Its First mRNA Vaccine Approval. In Indonesia.

Mrs Hinch fans have revealed their top tips on how to stop cats fouling in your garden - and most of these items can already be found in your kitchen. Cleaning fans have shared five easy, inexpensive and safe ways to tackle the unpleasant pong or sight of the faeces in and around your home once and for all. Fans of the cleaning sensation have taken to discuss the methods on one of the many Facebook groups dedicated to the influencer. Mrs Hinch, whose real name is Sophie Hinchliffe, 32, has risen to fame over the last few years with her various home hacks and now boasts nearly 4.5million followers on Instagram . In one fans group, Mrs Hinch Cleaning tips and tricks , a member sought advice from the group on to stop cats from fouling their garden. Cats fouling in the garden is a nightmare most homeowners experience - and it's even more frustrating when its not your own ( Image: Getty Images/iStockphoto) The post was inundated with handy tips, hefty hacks and a … [Read more...] about Mrs Hinch fans share 5 ways to stop cats doing their business in your garden

House Republicans have filed nine impeachment articles against President Joe Biden , five of which were sponsored by the same congressperson: Georgia Representative Marjorie Taylor Greene . According to a recent report by Axios listing a total of 14 impeachment attempts launched by the Republican Party, two more impeachment resolutions were filed by House Republicans against Attorney General Merrick Garland , while Vice President Kamala Harris , Secretary of State Antony Blinken and Secretary of Homeland Security Alejandro Mayorkas were the targets of one impeachment article each. Last week, Greene introduced a new article of impeachment against Biden "for endangering, compromising, and undermining the energy security of the United States by selling oil from the United States' Strategic Petroleum Reserve to foreign nations," a practice that the Trump administration also engaged with. Previous impeachment resolutions launched by the Georgia representative included … [Read more...] about Marjorie Taylor Greene behind more than half of attempts to impeach Biden

The internet has slammed a man who has invited a female friend to stay despite being in a relationship with another woman. In a viral post on the popular discussion site Mumsnet, a woman shared her frustration as the man she has been seeing for five months revealed he was having a female friend from a recent vacation trip stay over. There is plenty of debate when it comes to men and women being "just friends," and research published in the Journal of Social and Personal Relationships in 2012 suggested that platonic relationships may be more difficult than some think. Researchers brought 88 pairs of opposite-sex friends into a lab. The participant pairs were separated, and each member was asked a series of questions related to their romantic feelings—or lack thereof—toward the other friend. Results suggested that there are large differences in how men and women see their friendships, with men more likely to be attracted to the female friend and also more likely to think that … [Read more...] about Woman urged to dump man inviting female friend to stay: “Dealbreaker”

EU ministers on Friday agreed cuts to peak-hour power consumption and windfall levies on energy companies in an urgent effort to bring down sky-high energy prices. The decision, announced by the Czech Republic in its role holding the EU presidency, aims to mitigate energy costs sent soaring by Russia’s war in Ukraine and as the northern hemisphere winter looms. European households and businesses are already staggering under surging energy bills, fuelling record inflation that in the eurozone has hit 10 percent. Extra drama has been injected with several unexplained leaks this week of Russia-Germany undersea gas pipelines, Nord Stream 1 and 2, that were widely seen as “sabotage”. The EU ministers’ agreement came a day after Germany — the bloc’s export powerhouse that had long been dependent on Russian gas — announced a 200-billion-euro (about $200 billion) energy aid package to shield its consumers. Other EU countries have deployed smaller-scale national measures with the … [Read more...] about European Union to Cut Power Use, Levy Energy Companies

A weeks-long Covid-19 lockdown in Tibet has brought an “expansion of already suffocating living conditions”, a rights group has said, after a top regional official issued a rare apology this month over virus restrictions. Cities across Tibet have been under Covid curbs since the start of August, with authorities mandating mass testing and keeping locals at home as China sticks to its strict zero-Covid policy. Complaints of chaotic transfers to mass quarantine facilities, lack of supplies and poor quarantine conditions have surfaced on Chinese social media in recent weeks. The vice mayor of Tibet’s capital Lhasa issued a public apology earlier this month admitting to problems with how Covid had been handled, pinning the blame on individual officials. But “no meaningful remedial measures have been implemented to ameliorate the harsh lockdown and quarantine conditions”, the Washington-based International Campaign for Tibet (ICT) said in a report Thursday. One video shared on … [Read more...] about Tibet’s Week-long Covid-19 Lockdown Causing ‘Extreme Hardships’: Report