Breitbart Business Digest: The Gas-Guzzling Secret of GM's Success


by Breitbart

Breitbart— The big driver of General Motors' great earnings report has been the Detroit automaker's decision to focus on selling the gas-powered vehicles their customers want to drive instead of the electric vehicles the Green New Deal activists think they should be driving.

Breitbart—Breitbart Business Digest: The Jobs Report Was Not as Weak as It Looked. Job growth slowed by much more than expected in April, fueling visions of multiple rate cuts this year and sending the stock market soaring.

Breitbart—Breitbart Business Digest: There Are No Fed Cuts Ahead This Year. It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.

Breitbart—Breitbart Business Digest: It's Time for the Fed to Start Talking About Hikes. As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.