American Dream Under Threat From Harsh Realities Of Inflation – OpEd

Biden’s Comment on India-Japan Triggers Controversy, White House Clarifies Remark | Oneindia News

The White House defended President Biden's comments on 'xenophobia' regarding India, China, and Japan, stressing the positive role of immigrants in the US. Biden's remarks, made at a Democratic Party fundraiser, linked economic challenges in these countries to xenophobia, but faced criticism. Nonetheless, the White House reaffirmed Biden's commitment to strengthening ties with allies like India and Japan. #WhiteHouse #PresidentBiden #JapanIndia #USIndia #USJapan #Xenophobia #BidenGaffe #USnews #Worldnews #Oneindia #Oneindianews ~HT.99~PR.152~ED.155~

U.S. Presidential Election: Trump's Integrity Concerns: What Happens If He Loses in 2024? | Oneindia

Join us as we delve into Donald Trump's candid conversation with the Milwaukee Journal Sentinel regarding his plans if he loses the 2024 White House race to Biden. Trump's remarks on election integrity and potential outcomes shed light on his post-election strategy. Stay tuned for insights and analysis on this critical issue. #USNews #USPresidentialElection #UnitedStates #AmericanElection #DonaldTrump #JoeBiden #BidenvsTrump #TrumpSpeech #Oneindia ~HT.178~PR.274~ED.103~GR.124~

Kim Kardashian & Kamala Harris: Inside White House Roundtable on Criminal Justice Reform | Oneindia

Go behind closed doors as Kim Kardashian joins Vice President Kamala Harris at the White House for a crucial roundtable discussion on criminal justice reform. Witness their collaborative efforts and passionate advocacy for second chances and meaningful change. #KimKardashian #KamalaHarris #WhiteHouse #WhiteHouseRoundTable #JoeBiden #TheKardashians #VPKamalaHarris #Oneindia ~PR.274~HT.101~HT.98~GR.122~

FTC to Decide Whether Noncompete Agreements Should Be Banned

FTC to Decide , Whether Noncompete Agreements , Should Be Banned. After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. . The commission said that if approved, the final rule "would generally prevent most employers from using noncompete clauses.". The commission said that if approved, the final rule "would generally prevent most employers from using noncompete clauses.". Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. . The Biden administration says that these types of agreements hurt workers by decreasing wages. The White House also argues that these agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. . FTC Chair Lina M. Khan issued a statement when the proposed ban was initially introduced. The freedom to change jobs is core to economic liberty and to a competitive, thriving economy, FTC Chair Lina M. Khan, via statement. Noncompetes block workers from freely switching jobs, depriving them of higher wages and better working conditions, and depriving businesses of a talent pool that they need to build and expand, FTC Chair Lina M. Khan, via statement. Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information. Those businesses also question whether the agency has the power "to regulate such agreements," NPR reports. . If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days, and legal challenges would likely ensue.

Millennials Want a 4-Day Workweek, Poll Indicates

Millennials Want a 4-Day Workweek, , Poll Indicates. Redfield and Wilton Strategies recently conducted a poll for 'Newsweek' to find out how Americans feel about the idea of moving toward a four-day workweek. 4,000 U.S. voters were surveyed between April 6 and 7. 63% were in favor of a four-day workweek. 46% think the model makes employees more productive. Out of all age groups surveyed, millennials accounted for 74% of those who want to work less hours. Of that 74%, 44% "were strongly in favor of a shorter working week," 'Newsweek' reports. 50% of people born in 1964 and before supported a four-day workweek. The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress. The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress. The sad reality is, Americans now work more hours than the people of most other wealthy nations, Bernie Sanders, via March 2024 health committee hearing. Lisa Countryman-Quiroz, CEO of non-profit JVS, called a 5-day, 40-hour workweek outdated. The five-day workweek was created in a different time. It served its purpose, but today's world is more fast-paced and technology-driven than our workplace predecessors could have imagined, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'. Since implementing a four-day workweek, our results have been incredible. , Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'. We've found our employees are more productive, report better work-life balance, and experience less burnout. Incredibly, our turnover rate has been cut nearly in half, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'

Biden Looks to Energize Young Voters With Earth Day Solar Energy Grants

Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants. Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants. NBC reports that President Joe Biden will mark Earth Day with the announcement of $7 billion in federal grants for residential solar projects. NBC reports that President Joe Biden will mark Earth Day with the announcement of $7 billion in federal grants for residential solar projects. The grants will bring solar energy to over 900,000 households in both low- and middle-income communities. . According to senior administration officials, the projects receiving additional funding will reduce emissions by 30 million metric tons and save $350 million every year. . According to senior administration officials, the projects receiving additional funding will reduce emissions by 30 million metric tons and save $350 million every year. . NBC reports that solar power has gained traction as a clean energy source that could help reduce U.S. reliance on fossil fuels. However, the high cost of initial installation makes solar energy inaccessible for many households in the U.S. However, the high cost of initial installation makes solar energy inaccessible for many households in the U.S. 49 of the new grants will be awarded at the state level, six more will serve Native American tribes and another five are multi-state awards. The grants will be used for renewable investments that include rooftop solar and community solar gardens. . The grants will be used for renewable investments that include rooftop solar and community solar gardens. . Officials say that the latest environmental announcements are part of an effort to energize young voters ahead of his upcoming reelection campaign. Biden also reportedly plans to expand the American Climate Corps green jobs training program, which was created last year by executive action. . Biden also reportedly plans to expand the American Climate Corps green jobs training program, which was created last year by executive action. . The corps, which will offer nearly 2,000 positions across 36 states, is meant to offer young Americans the chance to help enact the Biden administration's climate agenda. . The corps, which will offer nearly 2,000 positions across 36 states, is meant to offer young Americans the chance to help enact the Biden administration's climate agenda.

March Retail Sales Exceeded Expectations

March Retail Sales , Exceeded Expectations. New Commerce Department data surprised some analysts on April 15, 'The Hill' reports. . The agency's latest estimates indicate that March retail sales increased by 0.7%. They were only expected to rise 0.3% last month. While sales exceeded estimates for March, the jump was still below the 0.9% increase in February. Compared to the same time last year, total sales for the first three months of 2024 were up 2.1%. On April 10, the Labor Department released data showing that inflation rose last month. . The consumer price index (CPI) increased 0.4% in March and 3.5% annually. In February, consumer prices increased 3.2% year-over-year. . Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.

Key Federal Reserve Inflation Gauge Rose 2.8% in March

Key Federal Reserve Inflation Gauge , Rose 2.8% in March. According to Commerce Department data released on April 26. the personal consumption expenditures (PCE) price index, not including food or energy, rose 2.8% year-over-year in March. . That exceeded Dow Jones estimates of 2.7%, CNBC reports. . When also accounting for food and energy, the all-items PCE measure rose 2.7%, which was above the 2.6% estimate. Inflation reports released this morning were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC. ... but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC. The prospects of rate cuts remain, but they are not assured, and the Fed will likely need weakness in the labor market before they have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC. Consumers continue to spend despite higher prices, CNBC reports. Personal spending increased 0.8% in March, while personal income rose 0.5%. The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living. The Fed continues to target 2% inflation, which the core PCE has exceeded for the last three years, CNBC reports.

Fears of Potential Iranian Attack Drive US Stocks Down Nearly 500 Points

Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. CNN reports that United States stocks dropped on April 12 amid rising tensions in the Middle East pushing traders to seek safe havens like gold and bonds. By mid-afternoon, the Dow had fallen 1.4%, the S&P 500 went down 1.6%, and the Nasdaq dropped 1.8%. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The dip came after the White House announced that both the U.S. and Israel are on alert for a potential attack by Iran or its allies. The warning comes after Iran accused Israel of a deadly airstrike on a consulate in Damascus, Syria. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . The news also sent oil prices up amid fears of regional tensions escalating as a result of the ongoing war in Gaza. . Brent crude futures jumped up to $90.42 a barrel, and West Texas Intermediate crude futures increased to $86.65 a barrel. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. Those geopolitical concerns and subsequent rising oil prices sent investors to safe havens like gold futures, which rose to $2,379 a troy ounce. CNN reports that Americans' opinions of the economy have dipped in the past few months amid persistently high inflation. The geopolitical fears come as investors are already contending with concerns that the Federal Reserve could wait to bring interest rates down from a 23-year high. Officials at the Fed have signaled that further rate hikes could still be on the way if the central bank's efforts to fight inflation stall.

Federal Reserve Posts Massive $114 Billion Loss in 2023

Federal Reserve Posts Massive, $114 Billion , Loss in 2023. On March 26, the Federal Reserve announced a record-breaking net negative income of $114.3 billion in 2023. Reuters reports that the loss follows $58.8 billion in net income in 2022. . Since releasing the numbers, the Fed has stressed that negative net income does not impede its ability to operate. Since releasing the numbers, the Fed has stressed that negative net income does not impede its ability to operate. As a result of low rates and large levels of bond holdings, the Fed has earned significant profits in recent years. Last year, the Fed's audited interest expenses for banks' reserve balances reached $176.8 billion, an increase of over $116 billion from 2022. In 2023, the Fed's interest payouts from its reverse repo facility were $104.33 billion, increased from $41.9 billion the year before. Reuters reports that the Fed creates funds when dealing with operating losses, capturing its loss in an accounting device known as a deferred asset. Reuters reports that the Fed creates funds when dealing with operating losses, capturing its loss in an accounting device known as a deferred asset. At the close of 2023, the deferred asset stood at $133.3 billion. As of March 20 of this year, that number had risen to $157.8 billion with no indication of how much larger it could get. Last year, a St. Louis Fed report forecast that it could take years before the Fed can return to profitability and reduce the country's deferred asset. Last year, a St. Louis Fed report forecast that it could take years before the Fed can return to profitability and reduce the country's deferred asset

Biz Pulse: Upward Trend in Equity Markets, US Federal Reserve Announcement and Gold Price| Oneindia

In this Biz Pulse episode, we delve into market updates and the US Federal Reserve's announcement. Indian ADRs witness a decline, while IT stocks garner attention. Equity markets are on an upswing, while gold prices surge. Stay tuned for insights into these trends shaping the financial landscape. #ADRStocks #ITMarket #StockMarket #Sensex #Nifty #IndianStocks #USStocks #USStockexchange #Businessnews #Worldnews #Oneindia #Oneindianews ~HT.178~PR.282~ED.101~GR.124~

EAM Jaishankar rejects Joe Biden's 'India is Xenophobic' comment | Know More | Oneindia News

Indian Foreign Minister S. Jaishankar rebuffed U.S. President Joe Biden's assertion that "xenophobia" was hindering India's economic progress. Speaking at a round table discussion hosted by a newspaper on Friday, Jaishankar emphasised that India's economy is robust and dismissed any suggestion of faltering. He highlighted India's long-standing tradition of openness as a society, refuting claims of xenophobia impacting its economic growth. #EAMJaishankar #JoeBiden #XenophobicComment #IndiaRejects #CitizenshipAmendmentAct #CAA #IndianDiplomacy #GlobalRelations #PoliticalResponse #BidenComment #ForeignPolicy #IndiaUSA #DiplomaticRelations #XenophobiaDebate #InternationalAffairs ~PR.152~ED.194~GR.121~HT.96~

US students call Biden remarks 'ironic'

Lok Sabha 2024: Rahul Gandhi Files Nomination in Wayanad Amid Lingering Amethi Debate |Oneindia News

Congress leader Rahul Gandhi holds a spirited roadshow in Wayanad, Kerala, ahead of filing his nomination papers for the Lok Sabha elections. Thousands of supporters join him, while CPI candidate Annie Raja also files her nomination. Criticism arises, questioning Rahul's decision to contest against Raja instead of confronting the BJP directly. The electoral dynamics in Wayanad reflect intricate alliances and fierce rivalries. #Congress #RahulGandhi #LokSabhaElections #Wayanad #KeralaElections #CPI #AnnieRaja #BJP #Amethi #CongressParty #Worldnews #Oneindia #Oneindianews ~HT.99~PR.152~ED.194~

Consumer Prices Rose 0.4% in February

Consumer Prices , Rose 0.4% in February. The Bureau of Labor Statistics released its latest data on March 12. In February 2024, prices rose 0.4% compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI). The figures, which are greater than expected, represent the biggest monthly increase since September, Yahoo Finance reports. . The index for housing rent rose 0.5% in February. Gas prices rose 3.8%. While food prices held steady for the month, they increased 2.2% year-over-year. The Federal Reserve will use the latest data to help determine its position on interest rates on March 20. . Experts predict that rates will remain unchanged for the time being. The market is now eyeing June for the possibility of rate cuts, Yahoo Finance reports. . Fed Chair Jerome Powell recently said that while interest rates will likely be cut "at some point this year," "a little bit more data" is needed.