Tag: economy
Global Gold Rush: Central Banks Hoard Gold Amid Financial Uncertainty
This year alone, gold is up 35 percent, well ahead of the 20 percent rise in U.S. stocks. | Michal Cizek/AFP via Getty Images
The world is witness [...]
Federal Regulators Clash Over Bank Capital Rules Amid Intense Lobbying
The Federal Reserve, led by Chair Jerome Powell, and other bank regulators are at odds over how to move forward on new capital rules for Wall Street [...]
Janet Yellen: $3 Trillion Needed Annually to Combat Climate Change
U.S. Treasury Secretary Janet Yellen emphasized the need for stronger climate finance policies through 2050 to address the “existential threat” to co [...]
Citigroup Economist Warns of Potential Economic Crash Amid BRICS Shift
Source: Watcher.Guru
The United States faces an impending economic crash, according to Citigroup’s chief US economist, Andrew Hollenhorst, who exp [...]
US Job Market Slows in April, Prompting Economic Concerns
Many employers have had to keep hiring to meet their customer demand. | David Zalubowski/AP
The latest report from the US government has revealed [...]
Biden’s Economic Momentum Slows: GDP Growth Dips Below Expectations
Spending and investment, the underlying engines of growth, are still strong, although people have slowed down in their purchases of goods. | Sean Ray [...]
Consumer Financial Protection Bureau Reduces Credit Card Late Fees, Prompting Controversy
Consumer Financial Protection Bureau Director Rohit Chopra said the new rule would save consumers $10 billion a year. | Michael A. McCoy/Getty Images [...]
Former President Trump Opposes Federal Reserve’s Digital Dollar Plans
“As your president, I will never allow the creation of a central bank digital currency,” said former President Donald Trump. | Jamie Kelter Davis for [...]
House Republicans’ SNAP Proposal Raises Concerns in Hispanic-Majority Districts
Graphic by Paroma Soni/POLITICO
House Republicans are facing criticism for their push to reform the Supplemental Nutrition Assistance Program (SNA [...]
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 [...]
