President Joe Biden responded to critics who predicted the end of capitalism in the the United States once Biden was elected, saying “capitalism is alive and very well”. The video above shows parts of President Biden’s speech, which he delivered at the White House Monday morning. “Before I took office, there was a lot of…

Fresh off a meeting with German Chancellor Angele Merkel Thursday, President Joe Biden is set to meet virtually with other world leaders to discuss how to recover the world economy after the pandemic. The meeting will focus on the Pacific Rim, with Chinese leader Xi Jinping, Japanese Prime Minister Yoshihide Suga and Russian President Vladimir…

According to CBS News and other media reports, those who collect social security may see a 6.1 percent bump in benefits in the near future. That would be the largest increase since 1983, according to CBS. The media reports all attributed the 6.1 percent figure to a new forecast from the nonpartisan Senior Citizens League. The…

Tokyo’s fourth state of emergency since the COVID-19 pandemic began got underway Monday, in a last-ditch effort to curb a rise in cases ahead of the previously postponed Olympic Games. The Games run from July 23 to August 8. Tokyo recorded 502 new cases Sunday. That makes the 23rd straight day of week-on-week gains. The…

President Joe Biden signed a sweeping executive order on Friday targeting tech, health care and other parts of the economy. What exactly is an executive order and can Congress or the Supreme Court do anything about it?

President Joe Biden visited a community college in a key Illinois swing district Wednesday to pitch “human infrastructure,” which includes money for child care, health care, and education. The investments, while part of President Biden’s economic agenda, didn’t make it into the bipartisan infrastructure deal that the president signed onto last month. The deal includes hundreds…

Oil prices surged Tuesday after a meeting of oil producing nations was postponed, leading some to worry about a price war. U.S. benchmark crude rose $1.28 to $76.43 a barrel. Brent crude, the international standard, added 24 cents to $77.40 per barrel. In a commentary, Harpreet Bhal of ActivTrades said the rising prices raise “the…

President Joe Biden celebrated Friday’s strong monthly jobs report, saying the U.S. economy is ‘on the move’. “This is historic progress, pulling our economy out of the worst crisis in 100 years, driven in part by our dramatic progress in vaccinating our nation and beating back the pandemic as well as other elements of the…

United Airlines announced the purchase of 270 new Boeing and Airbus aircraft Tuesday, marking the biggest order by an airline in the last decade and the largest order in United’s history. Analysts told the Associated Press the deal would be worth more than $30 billion before discounts, but United has not disclosed any purchase prices. The…

WASHINGTON (AP) — President Joe Biden announced on Thursday that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle. Biden made a surprise appearance in front of the cameras with members of the…