Category: Economy, Finance and Market News
Oil rises more than 2% as Red Sea tanker attacks prompt reroutings
Oil pumps are seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the dro [...]
Biden Administration Reveals 40% of Student Loan Borrowers Missed Payments Amid Expiring Freeze
Data shows the delinquency rate on federal student loans is significantly higher than it was before the pandemic. | Carlos Osorio/AP
The Biden adm [...]
Federal Reserve Signals Pause in Rate Hikes, Citing Cooling Inflation
The central bank said it was watching the data to determine if "any additional" rate hikes might be appropriate — a wording suggesting a higher hurdl [...]
Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman walk during a meeting in Riyadh, Saudi Arabia December 6, 2023. Sputn [...]
Biden Faces Uphill Battle as Safety Net Shrinks: Impact on Voters and Economy
A $24 billion emergency support fund for day cares across the country ended Oct. 1, bringing warnings of rising day cares costs and reduced access. | [...]
Moody’s Places U.S. Credit Rating on Negative Outlook, Signaling Potential Downgrade
“Continued political polarization within [the] US Congress raises the risk that successive governments will not be able to reach consensus on a fisca [...]
Bank Lobbyists Challenge Regulatory Powers, Resort to Legal Action and Public Campaigns
Jamie Dimon, the chief executive of JPMorgan Chase, has spoken out against stricter capital rules for banks.Credit...Hiroko Masuike/The New York Time [...]
President Biden Announces $5 Billion Investment in Rural America
Rural voters like the ones President Biden will address on Wednesday are increasingly voting Republican.Credit...Kent Nishimura for The New York Time [...]
U.A.W. Strike Reverberates Beyond Auto Industry, Inspiring Nationwide Labor Movements
The United Automobile Workers union’s approach to securing big gains in contracts with the three large U.S. automakers could have ramifications for o [...]
Middle East War Could Cause Oil Price Shock, World Bank Warns
A major escalation of the war between Israel and Hamas, potentially broadening into a wider Middle East conflict, could lead to a significant surge in [...]
