Global News Aggregator
President Joe Biden is desperately maneuvering to avoid any serious spending restraints in debt-limit talks, but voters clearly don’t want the ceiling raised without cuts. A new CNN poll (yes,…
‘The US banking system is sound and resilient,” Jerome Powell proudly stated, just days after the government took over First Republic Bank, marking the second-largest bank failure in US history.…
Federal Reserve Chair Jerome Powell indicated the central bank could finally be done increasing rates moments after approving the latest 25-basis-point hike on Wednesday. Powell cited a “meaningful change” of…
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced inventories. Thursday’s estimate…
The current lull in the banking crisis would be a great time for US policy makers to reflect on how they handled the handful of banks that have bitten the…
This past week’s bounce-back of the stock market really is something to behold. Stock prices climbed Thursday and again Friday, right after the Fed raised interest rates, and not because…
Turmoil in the US banking sector is already having spillover effects on the nation’s struggling housing market, which has been hammered by surging mortgage rates over the past year, according…
The US economy added jobs at a solid clip in February, likely ensuring that the Federal Reserve will raise interest rates for longer, though wage inflation showed signs of cooling.…
Little-known hedge fund manager Said Haidar reportedly joined heavyweights like Citadel CEO Ken Griffin and Mets owner Steve Cohen on the list of Wall Street’s top earners last year after…
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation…