The Real Cost of Inflation for Most Americans
The June inflation figure of 9.1 percent, highest since 1981, doesn’t tell half the story of how expensive life has become for Americans.
House Freedom Caucus Republicans Sound Alarm on Debt Ceiling Agreement
Some members of House Freedom Caucus said deal announced by McCarthy to raise debt ceiling for 2 years ahead of possible government default doesn’t go far enough.
Americans Back On The Move? Transportation Stats Say More About Main Street Economy, Than...
Head of IMF said outlook for global economy had “darkened significantly” since April, and she could not rule out global recession next year given elevated risks.
Oil Jumps After Biden Fails to Win Saudi Pledge to Pump More Crude
Oil prices rose as U.S. dollar softened and Biden wrapped up trip to Saudi Arabia, failing to secure pledge from country to boost crude output.
Citigroup CEO Says, ‘This Is Not a Credit Crisis,’ After Three US Bank Failures
Citigroup CEO Jane Fraser stated she had sound confidence in American banking system after closures caused investors to panic, sparking chaos in financial markets.
US Economy Slips Into Recession as Inflation Weighs on Growth
U.S. economy contracted in second quarter, marking two consecutive quarters of negative growth, which is a common definition of a recession.
Unease Over Banking Sector Turmoil Spurs Huge Demand for Precious Metals
Coin Heaven co-owner Gabe Wright saw precious metals demand rise to new heights during pandemic, but nothing as spectacular as Silicon Valley Bank’s collapse.
Chart of the Day: GOP Debt Ceiling Strategy – Skilled Negotiations or a Giveaway?
Federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last until January 19, 2023, according to Yellen.
Morgan Stanley Strategist Warns of ‘Vicious’ Bear Market Phase as Bank Turmoil Challenges Investors
Morgan Stanley’s top investment officer warned investors shouldn’t see bailout of Silicon Valley Bank’s uninsured depositors as a reason to get bullish on stocks
Efforts to Protect US Intensify Amid Global Shift From Dollar
With inflation plaguing economy as U.S. dollar at risk of losing status as global reserve currency, lawmakers are touting gold and precious metals as solution.
IRS Report Fails to Provide Key Details, Republican Lawmakers Say
House Ways and Means Committee Chairman Jason Smith criticized IRS for failing to provide essential information in its much-anticipated report released April 6.
Swiss Government: UBS to Take Over Credit Suisse for More Than $3 Billion
Investment banking company UBS has agreed to purchase its rival Credit Suisse in a deal worth more than $3 billion after Swiss government mediated the merger.
