American Express Misses 4Q 2022 Earnings as Credit Provisions Jump
Credit card customers holding American Express Company (NYSE: AXP) cards are not (yet) showing signs that an economic slowdown is coming. On the company’s 4Q 2022 earnings conference call, CEO Steve Squeri said that spending by Amex’s generally higher-end customer base continues to remain strong. The company also announced a significant boost in credit card delinquencies, but investors largely […]
#PfizerExposed: Did Pfizer Just Admit To “Engineering” Virus For COVID-19 Pill In Response To Project Veritas Video?
After a video of a top Pfizer (NYSE: PFE) executive relaying that the biotech firm has been considering mutating SARS-CoV-2, the virus that caused the COVID-19 pandemic, the company released a statement yesterday clarifying its position. The video by Project Veritas features a seemingly covert interview with Jordon Walker, whom is Pfizer’s Director for Research […]
Brazil’s New President Doesn’t Want An Independent Central Bank
Brazil’s new left-leaning president Luiz Inácio Lula da Silva (Lula) doesn’t appear to be phased by the country’s surging inflation, and is even going as far as to propose the draconian measure of raising the inflation target. As if taken right out of the playbook of Turkish president Recep Erdogan’s authoritarian rule over the Central Bank […]
Veto But No Plan: Biden Threatens To Quash Congress Bill Limiting His SPR Authority
After US President Joe Biden’s historic releases from the Strategic Petroleum Reserve (SPR) sent the reserve to its lowest level in nearly 40 years, Republican lawmakers have introduced legislation to limit the White House from “raiding the SPR for political purposes.” READ: Biden Bleeds Strategic Petroleum Reserve To Lowest Level Since 1984 Strategic Production Response […]
Ottawa To Allow Bank Of Canada To Keep Earnings And Recoup Self-Inflicted Losses
The federal government–through Finance Minister Chrystia Freeland–is looking at legislative amendments to enable the Bank of Canada to keep revenues in order to recoup billions of dollars in losses on the heels of its historic first of losing money. The central bank recorded a $522 million loss in the third quarter of 2022, the first […]
US Army Soldiers Can’t Retire Or Get Discharged Due To Tech Outage
An outage concerning the US Army’s human resources platform is preventing thousands of soldiers from getting their retirement forms processed or discharge forms and separation orders released, according to a report by Army Times. The problem, according to Lt. Col. Joseph Payton, a spokesperson for the service’s personnel directorate, is due to “data processing issues” […]
Big Oil-Backed Hydrogen Hub Proposal Seeks Federal Funding
A group of oil companies, together with energy-focused organizations and a university, is working to develop a large-scale hydrogen hub along the US Gulf Coast. The consortium behind the project, dubbed the HyVelocity Hub, will seek Bipartisan Infrastructure Law funding from the US Department of Energy in its goal to materialize the hub plan. The […]
Newsom Continues to Blame Big Oil for High Gas Prices in California, Critics Disagree
California Governor Gavin Newsom on Thursday released a new video on his campaign to put a penalty on gas price gouging to “force oil companies to lower the cost of gas.” But, as the second-term governor continues to blame Big Oil for California’s high gas prices, people are calling him out and bringing attention to […]
China Looks To Ban Export On Solar Wafer Tech
China’s Ministry of Commerce and Ministry of Science and Technology are seeking public feedback on proposed revisions to the Catalogue of Export Restricted Technologies, which could include a ban on exporting manufacturing methods critical to the production of advanced solar wafers. Observers perceive the move as the mainland’s aim to maintain its significant dominance in […]
Joe Manchin Reacts to Treasury Department, Moves to Delay EV Tax Credits
West Virginia Senator Joe Manchin on Wednesday introduced new legislation that would delay new tax credits for electric vehicles until strict new battery requirements from the Treasury Department are established. Manchin’s new bill, called the American Vehicle Security Act (AVSA), comes after the Treasury Department in December decided to delay the release of guidelines on […]