Thursday, Sept. 5 was touted as “a great day for Red Lobster,” which is good news for the company as there haven’t been many great days for the beleaguered restaurant chain. The place known for its cheddar bay biscuits has seen its fair share of problems in recent years. The chain dealt with an all-you-can-eat…

Geopolitical experts have cautioned that the era of globalization and “off-shoring” may be ending, and a new era of regionalization and “friend-shoring” might be replacing it. These changes are especially obvious in U.S.-Chinese trade relations over the past few years, although similar observations can be made around the world. Others warn that even “friend-shoring” may…

The U.S. economy added fewer jobs than anticipated in August, but the unemployment rate did come off July’s surprise 4.3%. According to the latest data from the Bureau of Labor Statistics (BLS), the U.S. added 142,000 jobs in August when economists expected around 165,000. The month’s unemployment rate of 4.2% came in as expected. In…

President Joe Biden acknowledged that the $700 billion Inflation Reduction Act was misnamed during an event in Wisconsin. While the bill allocated $369 billion for green energy initiatives, it did little to reduce inflation, as Biden admitted. Financial experts, including BlackRock’s Larry Fink, highlighted that the act, part of Biden’s larger economic agenda, may not…

Tesla investors already expressed concern CEO Elon Musk’s attention is too divided. However, he may have another task on his hands if former President Donald Trump is elected in November.  “I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic…

A photo of Minnesota Gov. Tim Walz’s extended family is generating buzz online. The image shows eight of Walz’s relatives wearing “Walz’s for Trump” T-shirts in front of a “Trump 2024 – Take America Back” flag. Walz is the running mate of Democratic presidential candidate Kamala Harris. The photo has been widely shared, even making…

The U.K. government is placing increased scrutiny on Ticketmaster amidst an Oasis reunion tour. It launched an investigation after fans were left outraged at the ticket buying experience for the event. Many saw prices surge from about $180 to upwards of $460 due to “dynamic pricing.” Some questioned why the band was warning against buying…

President Biden’s Inflation Reduction Act (IRA) funding, widely popular among Democrats, went mostly toward development projects in deep red Republican states, despite Republican legislators actually voting against the act. That may have generated some pushback and alarm from Democrats, but there are more complicated stories behind IRA numbers than the simple red-blue divide might suggest.…

As rising prices continue to be an issue for many Americans, it looks like things might be getting a little better. In July, the Treasury Department released its report on purchasing power that found the typical American’s income has increased more than prices have since before the COVID-19 pandemic. The Bureau of Labor Statistics looked…

Americans are more confident in the economy than analysts expected and that confidence has been growing throughout the summer. The Conference Board released its consumer confidence survey for August, with a 103.3 rating, beating the 100.7 expected and exceeding July’s 101.9 surprise.  It’s the highest confidence rating in months, but there’s more behind the headline number. …