Economy

CLAIM: Homeland Security chief Alejandro Mayorkas claimed May 11 that  “The border is closed.”

Elon Musk, the CEO of Tesla and a major proponent of cryptocurrency, has announced that the company will no longer accept Bitcoin as a form of payment for its cars citing Bitcoin mining’s “great cost to the environment.”

A gas station in Richmond, Virginia, charged customers $6.99 a gallon Tuesday not long after the governor declared a state of emergency because of the Colonial Pipeline ransomware cyberattack that caused gasoline shortages.

A new report alleges that seven Apple suppliers may have used forced Uyghur labor in China. An Apple spokesperson claims, “We will continue doing all we can to protect workers and ensure they are treated with dignity and respect.”

Joe’s Biden’s border security chief, Alejandro Mayorkas, is testifying at a Senate hearing about his loose border policies, which are allowing many migrants — and drug shipments — into the United States via multiple loopholes in border law.

Colonial Pipeline Co. paid hackers nearly $5 million to free their computer network Friday, despite claims they had no intention of doing so.

GasBuddy, an app that helps users to find the best availability and prices on fuel, has topped Apple’s App Store this week amidst the gas shortage caused by the recent ransomware cyberattack on the Colonial Pipeline. The app has proved so popular that its servers have experienced outages this week.

Prices received by businesses for goods and services jumped 6.2 percent compared with a year ago.

Economists had expected claims to fall to 475,000.

Wednesday during an appearance on Fox Business Network’s “Kudlow,” House Minority Leader Kevin McCarthy (R-CA) indicated that President Joe Biden’s first 100 days left much to be desired given all the economic calamity and international turmoil.

A county government in southwestern China banned residents from holding birthday parties and other celebrations starting this month as part of a frugality campaign by China’s ruling Communist Party.

During a portion of an interview with MSNBC released on Wednesday, President Joe Biden blamed the fact that women aren’t able to rejoin the workforce on the fact that “all the daycare centers are closed, they’re out of business.” Biden

During a portion of an interview with MSNBC released on Wednesday, President Joe Biden stated that he wants to reach a bipartisan agreement on infrastructure on as much as he can to “kickstart” things, and then when it comes to

President Joe Biden’s border officials allowed the entry of 43 percent more migrants from “other” countries during April, even as the number of recorded arrivals rose modestly to 178,000, according to government data. 

Joe Biden expressed sympathy for Americans suffering from spiking gas prices but did not offer any immediate solutions.

During an appearance in front of the House Foreign Affairs Committee on Thursday, Kerry said pipelines are better than the alternates. This is after President Joe Biden canceled the permits for the  Keystone XL pipeline earlier this year.

Colonial Pipeline reportedly does not currently plan on paying a a ransom to hackers believed to be responsible for a cyber attack on the energy giant’s pipeline, which has caused gas shortages across parts of the United States. 

Tech giants, which had soared during the past year of lockdowns, took some of the biggest losses.

Wednesday on Fox News Channel’s “America’s Newsroom,” Sen. Mike Lee (R-UT) blamed “excessive government spending” for the surge in prices for gas and other goods in the United States.

A woman got out of her car and allegedly spat on a man, who allegedly spat back before the fight escalated into something more physical at a North Carolina gas station, according to an Instagram video posted Tuesday.

“We’re not interested in reopening the 2017 tax bill. We both made it clear to the president,” McConnell said to reporters after meeting with President Joe Biden and members of Congressional leadership at the White House. “That’s our red line.”

The average cost of gas in the United States hit three dollars a gallon on Wednesday, the first time since November 2014.

Department of Energy Secretary Jennifer Granholm admitted during a press briefing on the Colonial Pipeline cyberattack Tuesday the best way to transport fuel across parts of the country is pipelines, despite the fact that the Biden administration has revoked pipeline permits, including Keystone XL.

Sean Parnell said the Keystone State is “ground zero” for the Biden administration’s “war on the energy industry.”

Morgan Wright, the Chief Security Advisor at SentinelOne and former Senior Advisor of the U.S. State Department and the Anti-Terrorism Assistance Program, appeared on SiriusXM’s Breitbart News Daily with host Alex Marlow on Wednesday to discuss the recent rise in ransomware attacks. According to Wright, “if you remove the ability to monetize this, these gangs are out of business because they’re only in it for one reason — to make money.”

The White House struggled Wednesday to respond to the gas shortage on the East Coast of the United States, five days after the Colonial pipeline was shut down by a ransomware cyberattack.

When asked by reporters about how compromise with Republicans was achievable, Biden replied wryly, “Easy. Just snap my fingers. It will happen.”