2/15/2024 – Below are excerpts from some top stories today relative to U.S. economy, international economies, and global market news, including a link to the original source…
Breitbart – Biden Administration Is Changing The Rules So It Can Spin Economic Data Sooner
The Biden White House is scrapping a decades-old rule that bars administration officials from commenting on economic data for one hour after their release, a notice in the Federal Register indicated Wednesday.
Faced with polls showing that the public strongly disapproves of President Joe Biden’s management of economic issues, the White House is changing the rules to give them a new advantage when it comes to spinning economic data in a more favorable light. Instead of the one-hour waiting period that has been in place since the Reagan years, administration officials will be able to weigh in on important economic releases after just half an hour.
Fox Business – Elon Musk moves SpaceX to Texas after Delaware revoked his Tesla salary package:
SpaceX CEO Elon Musk announced Wednesday night that the company converted its registration state from Delaware to Texas after a court in Delaware struck down his massive compensation package at Tesla, another one of the billionaire’s ventures.
“SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk wrote in a post on X, formerly Twitter.
SpaceX has moved its state of incorporation from Delaware to Texas!
If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible. pic.twitter.com/B7FLByL2dY
— Elon Musk (@elonmusk) February 15, 2024
Here we go.
X marks the spot. https://t.co/Nb5OheL8LK
— Greg Abbott (@GregAbbott_TX) February 15, 2024
CNBC – Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook:
Shares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results.
With Thursday morning’s gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months.
The post Trending News — Economy Updates: Biden admin. changing longtime economic data rule to benefit their messaging; Musk moves SpaceX to Texas; Shake Shack stock surges appeared first on Dennis Michael Lynch.
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