Inflation Takes Its Toll: German Economy Slides into Recession
In early 2023, the German economy experienced a recession due to the impact of high inflation on household...
#Inflation
#Inflation
Breaking Barriers: Biden Nominates First Hispanic Banker to the Federal Reserve Board
On Friday, President Joe Biden nominated Adriana Kugler as the first Latina governor and Philip Jefferson as the...
Inflation in the US dips to lowest levels since April 2021
According to the latest Consumer Price Index (CPI) released on Wednesday, the annual inflation rate slowed down slightly...
General Motors Cuts Several Hundred Full-Time Contract Workers
General Motors (GM) has announced that it has cut several hundred full-time contract workers as part of its...
US Federal Reserve to hike interest rates to 16-year peak amid inflation concerns
The U.S. Federal Reserve is planning to increase interest rates at their upcoming meeting on May 2-3. However,...
Has the US ever Defaulted on its Debt?
While many believe that the US Constitution makes debt default impossible, it is a dangerous idea that can...
Credit Suisse Receives a $54 Billion Lifeline Amid Fears of Broader Financial Instability
In response to mounting concerns over a potential global banking crisis, Credit Suisse has announced that it will...
Steve Forbes warns that Fed is inflicting unnecessary pain on the US economy
The Chairman of Forbes Media, Media mogul Steve Forbes, warns that Fed is inflicting unnecessary pain upon the...
ECB President Lagarde Confirms Half-Point Rate Hike for March
Christine Lagarde, the President of the European Central Bank, has indicated that the bank is likely to raise...
Warren Buffett Remains Optimistic in Annual Letter, Urges Patience
In his annual letter to Berkshire Hathaway shareholders, billionaire investor Warren Buffett expressed his unwavering confidence in the...