Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 04:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
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Biden Signs Stopgap Funding Bill, Buying Time for Long-Term Spending Agreement
President Biden has signed the bipartisan short-term funding package, which will keep the government running and functioning until early 2024.
Nov 17, 2023 09:27 AM EST
GM and UAW Reach Tentative Agreement, Averting Strike and Ensuring Labor Peace
Members of the United Auto Workers union have voted in favor of a new contract that might put an end to a protracted labor battle and a string of severe strikes.
Nov 17, 2023 06:07 AM EST
Inflation Eases as Supply Chains Smooth, Workforce Expands and Housing Market Cools
Inflation in the United States may be slowly returning to pre-pandemic levels.
Nov 15, 2023 08:50 PM EST
Truth Social On the Brink of Collapse as Losses Mount
The statement also included a warning that Trump Media's own management is concerned about the firm's capacity to pay for its liabilities and to satisfy its responsibilities to lenders.
Nov 15, 2023 07:29 AM EST
Disney's $40 Billion Impact in Florida Faces Uncertainty Amidst Legal Battle
Disney issued a report on Tuesday that estimated its economic effect in Florida at $40.3 billion, as the business battles Florida Gov. Ron DeSantis and his appointees
Nov 14, 2023 09:25 PM EST
US Treasure Secretary Yellen Urges APEC Finance Ministers to Embrace Sustainable Growth Strategies
U.S. Treasury Secretary Janet Yellen urged the finance ministers of the Pacific Rim to increase their economies' potential for productivity.
Nov 14, 2023 06:40 AM EST
David Cameron's Return Stirs up Memories of Greensill Financial Controversy
Dive into the Greensill financial scandal, encompassing David Cameron's involvement, the collapse of Greensill Capital, Credit Suisse's losses, GFG Alliance's loan, and ongoing investigations, revealing the intricate fallout and controversies.
Nov 14, 2023 05:45 AM EST
JP Morgan ESG Head Urges Governments to Do More to Support Green Tech
Umunna also stated that the transition to a greener, lower-carbon economy presents a big opportunity for banks like JP Morgan.
Nov 13, 2023 07:50 PM EST
EU Makes Significant Financial Commitment to COP28 Climate Damage Fund
The European Union would contribute financially in a "substantial" amount to a new worldwide fund that addresses the devastation brought about by climate change.
Nov 13, 2023 08:01 AM EST
Emirates Makes Massive Aircraft Purchase from Boeing, Boosting U.S. Jobs
Emirates kicked off the Dubai Air Show, demonstrating how aviation has recovered from the coronavirus epidemic despite Israel's conflict with Hamas casting a shadow over regional stability.
Nov 13, 2023 10:30 AM EST
Zelle Finally Reimburses Customers for Imposter Scams
Banks using the payment app Zelle have started compensating victims of imposter frauds in response to worries about consumer protection expressed by US politicians and the federal consumer watchdog.
Nov 13, 2023 10:05 AM EST
New Poll Shows More Than 57% Americans Are Not Tipping Enough
According to a recent survey, a large number of Americans undertip their waiters.
Nov 13, 2023 12:01 AM EST
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