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Economy

  • Sen. Warren Says Fed Chair Wants to Make Millions of Americans Jobless to Fight Inflation
    Sen. Warren Says Fed Chair Wants to Make Millions of Americans Jobless to Fight Inflation
    Sen. Elizabeth Warren (D-Mass.) has criticized Federal Reserve Chair Jerome Powell's handling of the economy, accusing him of trying to put up to 2 million Americans out of work as part of the central ...
    March 20, 2023BY Katabella Roberts
  • US Cattle Inventory Falls to Lowest Level in Nearly a Decade: USDA
    US Cattle Inventory Falls to Lowest Level in Nearly a Decade: USDA
    Declining cattle production and drought contributed to a sizable drop in beef supplies last year, the lowest in ...
    March 20, 2023BY Allan Stein
  • New York Community Bank Subsidiary to Buy Failed Signature Bank in $2.7 Billion Deal
    New York Community Bank Subsidiary to Buy Failed Signature Bank in $2.7 Billion Deal
    A subsidiary of New York Community Bank will purchase a significant portion of failed Signature Bank under a $2.7 billion ...
    March 20, 2023BY Katabella Roberts
  • Federal Reserve, Other Central Banks Announce Joint Liquidity Measures
    Federal Reserve, Other Central Banks Announce Joint Liquidity Measures
    The U.S. Federal Reserve announced on Sunday that it is collaborating with some of the world's largest central ...
    March 19, 2023BY Aldgra Fredly
  • Almost 200 US Banks Are at Risk of Silicon Valley Bank-Like Collapse: Study
    Almost 200 US Banks Are at Risk of Silicon Valley Bank-Like Collapse: Study
    Nearly 200 more banks could be vulnerable to the same type of risk that collapsed Silicon Valley Bank ...
    March 19, 2023BY Jack Phillips
  • Dollar Tree Pulls Eggs From Store Shelves Over High Prices, Company Says
    Dollar Tree Pulls Eggs From Store Shelves Over High Prices, Company Says
    Low-end retailer Dollar Tree on Sunday confirmed it pulled eggs from store shelves as prices for the staple ...
    March 19, 2023BY Jack Phillips
  • ‘Not QE’ as Fed Trapped Between a ‘Rock and a Hard Place’
    ‘Not QE’ as Fed Trapped Between a ‘Rock and a Hard Place’
    Commentary "QE" or Quantitative Easing has been the bull's siren song for the last decade, but will "Not ...
    March 18, 2023BY Lance Roberts
  • Banking Regulators to Face Congress Over SVB, Signature Bank Collapse
    Banking Regulators to Face Congress Over SVB, Signature Bank Collapse
    Congress will hold its first bipartisan hearing with top federal financial regulators into the failure of Silicon Valley ...
    March 18, 2023BY Caden Pearson
  • Americans to Bear Burden of Monetary System’s Gradual Deterioration, Economist Says
    Americans to Bear Burden of Monetary System’s Gradual Deterioration, Economist Says
    Ordinary Americans can expect their wealth to get repeatedly chipped away as the monetary system degrades and requires ...
    March 17, 2023BY Petr Svab
  • Critics Blast Oregon’s Efforts to Phase Out Petroleum Diesel and Restrict Farming
    Critics Blast Oregon’s Efforts to Phase Out Petroleum Diesel and Restrict Farming
    A series of climate bills now before the Oregon legislature could devastate rural communities and further fuel inflation, ...
    March 17, 2023BY Scottie Barnes
  • American Homebuyers Gain Leverage as Record Share of Sellers Slash House Prices: Redfin
    American Homebuyers Gain Leverage as Record Share of Sellers Slash House Prices: Redfin
    Home sellers are giving more concessions and price cuts to prospective buyers amid high mortgage rates and home ...
    March 17, 2023BY Naveen Athrappully
  • Consumers Dig Deeper in Debt as Inflation Prompts Credit Card Use for Daily Expenses
    Consumers Dig Deeper in Debt as Inflation Prompts Credit Card Use for Daily Expenses
    Groceries, gas, and heating bills have gone up. As inflation grows, more consumers rely on credit cards to ...
    March 17, 2023BY Beth Brelje
  • Federal Reserve Pauses Tightening as Emergency Lending Hits $300 Billion
    Federal Reserve Pauses Tightening as Emergency Lending Hits $300 Billion
    The Federal Reserve balance sheet has surged to its highest level since November as the central bank attempts ...
    March 17, 2023BY Andrew Moran
  • Refilling Nation’s Depleted Petroleum Reserves Not Happening Overnight: Biden Official
    Refilling Nation’s Depleted Petroleum Reserves Not Happening Overnight: Biden Official
    The Biden administration remains undecided about replenishing the nation’s strategic petroleum reserves (SPR) even as oil prices have ...
    March 17, 2023BY Naveen Athrappully
  • TSMC Founder: Chip Globalization Is Dead
    TSMC Founder: Chip Globalization Is Dead
    Taiwan Semiconductor Manufacturing (TSMC) founder Morris Chang declared that the globalization of the chip industry is over, and ...
    March 17, 2023BY Mary Hong
  • Billionaire Investor ‘Extremely Concerned’ About Financial Contagion Risk After First Republic Rescue
    Billionaire Investor ‘Extremely Concerned’ About Financial Contagion Risk After First Republic Rescue
    Billionaire investor Bill Ackman said he is "extremely concerned" by the federal government-backed infusion of $30 billion to ...
    March 17, 2023BY Jack Phillips
  • Climate Is Important, but Oil Is ‘Vital,’ Admits BlackRock CEO: We’re Not ‘Environmental Police’
    Climate Is Important, but Oil Is ‘Vital,’ Admits BlackRock CEO: We’re Not ‘Environmental Police’
    BlackRock CEO Larry Fink admitted in a 2023 annual letter to investors that oil and gas are “vital” ...
    March 17, 2023BY Naveen Athrappully
  • SVB Parent Company Files For Bankruptcy Amid Bank Turmoil
    SVB Parent Company Files For Bankruptcy Amid Bank Turmoil
    The parent company of the collapsed Silicon Valley Bank (SVB) has filed for bankruptcy. SVB Financial Group, which ...
    March 17, 2023BY Tom Ozimek
  • Banks Borrow Billions to Maintain Liquidity, Fed Data Show
    Banks Borrow Billions to Maintain Liquidity, Fed Data Show
    Banks have borrowed a combined total of $164.9 billion from the Federal Reserve in recent weeks following the ...
    March 17, 2023BY Katabella Roberts
  • Amgen to Cut 450 Jobs in 2nd Round of Layoffs This Year
    Amgen to Cut 450 Jobs in 2nd Round of Layoffs This Year
    Amgen Inc. said on Thursday it would cut 450 jobs, or less than 2 percent of its workforce, ...
    March 17, 2023BY Reuters
  • Yellen Confirms Chinese, Other Foreign SVB Depositors Will Be Protected
    Yellen Confirms Chinese, Other Foreign SVB Depositors Will Be Protected
    As part of the U.S. government's extraordinary measures to shield insured and uninsured depositors at Silicon Valley Bank ...
    March 17, 2023BY Andrew Moran
  • Banking Issues Hiding Bigger Problem: Tavi Costa
    Banking Issues Hiding Bigger Problem: Tavi Costa
    First Republic Bank will receive $30 billion from some of the top U.S. banks in a bid to ...
    March 16, 2023BY Don Ma
  • US Will Be Petroleum, Natural Gas Exporter Through 2050, Government Agency Projects
    US Will Be Petroleum, Natural Gas Exporter Through 2050, Government Agency Projects
    The Energy Information Administration (EIA) expects the United States will remain a net exporter of petroleum and natural ...
    March 16, 2023BY Nathan Worcester
  • First Republic Gets $30 Billion Rescue From Top US Banks
    First Republic Gets $30 Billion Rescue From Top US Banks
    First Republic Bank will receive $30 billion from some of the top U.S. banks in a bid to ...
    March 16, 2023BY Jack Phillips
  • Biden’s Green Budget Threatens Americans’ Access to Affordable Energy: Senate Republicans
    Biden’s Green Budget Threatens Americans’ Access to Affordable Energy: Senate Republicans
    In a letter to Treasury Secretary Janet Yellen, Sen. John Barrasso (R-Wyo.) and 21 of his colleagues denounced ...
    March 16, 2023BY Savannah Hulsey Pointer
  • Yellen Says Republican Debt Ceiling Plan ‘Risky and Dangerous’
    Yellen Says Republican Debt Ceiling Plan ‘Risky and Dangerous’
    Treasury Secretary Janet Yellen offered senators no assurance that a Republican plan to prioritize payment of the nation’s ...
    March 16, 2023BY Lawrence Wilson
  • Bond Market Volatility Spikes Amid Uncertainty Over Fed Rate Hikes
    Bond Market Volatility Spikes Amid Uncertainty Over Fed Rate Hikes
    Bond volatility has jumped and yields have fallen as the American banking crisis cast doubts on whether the ...
    March 16, 2023BY Naveen Athrappully
TOP NEWS
  • Credit Suisse Shares Crash to Record Low After Emergency Takeover
    NEW By Tom Ozimek
    Credit Suisse Shares Crash to Record Low After Emergency Takeover
  • US Cattle Inventory Falls to Lowest Level in Nearly a Decade: USDA
    2hr By Allan Stein
    US Cattle Inventory Falls to Lowest Level in Nearly a Decade: USDA
  • Obesity Is a Treatable Disease, These Drugs May Help
    2hr By George Citroner, Healthline
    Obesity Is a Treatable Disease, These Drugs May Help
  • Every Canadian PM in Past 4 Decades Has Been Compromised by CCP: Former CSIS Official
    3hr By Katabella Roberts
    Every Canadian PM in Past 4 Decades Has Been Compromised by CCP: Former CSIS Official
  • New York Community Bank Subsidiary to Buy Failed Signature Bank in $2.7 Billion Deal
    5hr By Katabella Roberts
    New York Community Bank Subsidiary to Buy Failed Signature Bank in $2.7 Billion Deal
  • No Pledge Made to Assist US If Conflict Over Taiwan Breaks Out, Says Australian Defence Minister
    6hr By Rebecca Zhu
    No Pledge Made to Assist US If Conflict Over Taiwan Breaks Out, Says Australian Defence Minister
  • Xi’s Meeting With Putin Covertly Aims to Prolong Ukraine War, Weaken US: Experts
    7hr By Venus Upadhayaya, Epoch Times
    Xi’s Meeting With Putin Covertly Aims to Prolong Ukraine War, Weaken US: Experts
  • Federal Reserve, Other Central Banks Announce Joint Liquidity Measures
    10hr By Aldgra Fredly
    Federal Reserve, Other Central Banks Announce Joint Liquidity Measures
  • The Supplements You Take May Not Be True Nutrients, and Have Potential Risks: Experts
    11hr By Marina Zhang
    The Supplements You Take May Not Be True Nutrients, and Have Potential Risks: Experts
  • Australian Pilots Told to Be Alert for Signal Interference From Chinese Military
    11hr By Cindy Zhan
    Australian Pilots Told to Be Alert for Signal Interference From Chinese Military
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