ECONOMICS

Authored by Ken Silva via Headline USA,

Concerned about a weaponized financial system, many countries have signaled plans to remove their gold and other assets from the U.S. in the wake of the unprecedented Western sanctions imposed on Russia over its invasion of Ukraine.

And at least one congressman is demanding answers from the Federal Reserve as to how much foreign gold has actually been removed from U.S. shores so (more…)

By John Kingston of Freightwaves

The contract agreement reached this week between the Teamsters union and Anheuser-Busch, averting a strike that could have begun Friday, calls for wage increases of $8 an hour over the five years of the deal. A $4-per-hour raise kicks in immediately.

Anheuser-Busch announced the deal late Wednesday. It awaits ratification in the coming days by approximately 5,000 workers across the company’s U.S. operations. 

The new contract also calls for (more…)

Fast  food giant Wendy's has refuted reports that they're going to use 'surge pricing' – the practice of raising prices when demand is the highest, after comments by CEO Kirk Tanner, who told market analysts earlier this month that the company would use "dynamic pricing" as part of a $20 million investment in digital menu boards for all restaurants, which will be in operation by the end of (more…)