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Nick R. Hamilton

Nick has a broad background in journalism, business, and technology. He covers news on cryptocurrency, traditional assets, and economic markets.

Biden’s Top Economic Advisor Admits Biggest Fear Among U.S Business Leaders Is ‘Catastrophic’ Debt Default

May 15, 2023 - 8:24 pm by Nick R. Hamilton

One of President Joe Biden’s top economic advisors has admitted that American business leaders are becoming increasingly fearful that the federal government will default on the U.S. national debt. 

Categories Economy, News Tags Biden, Business, Debt Ceiling, Default, Economy, Lael Brainard, National Debt, News 5 Comments

Big Banks Hits with Huge FDIC Fees Hike amid Banking Crisis

May 15, 2023 - 7:02 am by Nick R. Hamilton

America’s biggest banks are being hit with huge hikes in Federal Deposit Insurance Corporation (FDIC) after several recent banking failures.

Categories Economy, News Tags Banking Crisis, Banks, Business, FDIC, News 2 Comments

Tech Companies Announce Major Layoffs amid Mounting Economic Fears

May 8, 2023 - 8:22 pm by Nick R. Hamilton

Large tech companies are continuing to gut their workforces as economic fears mount.

Categories Economy, News Tags Big Tech, Business, Jobs, Layoffs, News 8 Comments

Regional Bank Stocks Rebound as Jobs Report Beats Forecasts

May 5, 2023 - 8:02 pm by Nick R. Hamilton

A government jobs report has provided some positive economic news amid the banking crisis, causing regional bank stocks to rebound sharply.

Categories Economy, News Tags Banking Crisis, Banks, Business, Jobs, News, Stocks 5 Comments

Ex-Fed President Kaplan Warns Banking Crisis Is ‘More Serious’ Than Public Knows

May 3, 2023 - 1:42 pm by Nick R. Hamilton

Former Federal Reserve Bank of Dallas President Robert Kaplan has warned that the mounting banking crisis is “more serious” than the American public realizes.

Categories Economy, News Tags Banking Crisis, Banks, Business, Federal Reserve, Interest Rates, News, Robert Kaplan 1 Comment

Pfizer Reports Massive Drop in Revenue as Covid Vaccine Sales Crash

May 10, 2023 - 9:13 amMay 2, 2023 - 8:02 pm by Nick R. Hamilton

Pharmaceutical giant Pfizer has just revealed that its revenue dropped dramatically in the first quarter of 2023.

Categories Economy, News Tags Big Pharma, Business, News, Pfizer, Profits, Vaccines 7 Comments

JPMorgan Buys First Republic Bank after Regulators Seize Control

May 1, 2023 - 8:02 pm by Nick R. Hamilton

JPMorgan Chase is buying First Republic Bank after the beleaguered institution was seized by the Federal Deposit Insurance Corporation (FDIC).

Categories Economy, News Tags Banking Crisis, Business, First Republic Bank, JPMorgan Chase, News 3 Comments

US Regulators Warn AI Firms to Comply with Laws, Say They Already Have Power to Crack Down on Misuse

April 26, 2023 - 8:28 pm by Nick R. Hamilton

U.S. federal government regulators have issued a warning to artificial intelligence (AI) companies about potential misuse of the rapidly advancing technology.

Categories Economy, News Tags Artificial Intelligence, Business, FTC, News, Regulators, Technology 1 Comment

REI Closes Portland Store Over Soaring Crime Rates

April 20, 2023 - 7:51 am by Nick R. Hamilton

Popular outdoor recreation retailer REI is closing its store in Portland, Oregon, due to the city’s soaring crime rates.

Categories News Tags Business, Crime, News, Portland, REI 6 Comments

Goldman Sachs: AI Could Automate Two-Thirds of All American Occupations

April 19, 2023 - 8:21 am by Nick R. Hamilton

Goldman Sachs economists have warned that two-thirds of all occupations across America could be partially automated by artificial intelligence (AI).

Categories Economy, News Tags Artificial Intelligence, Bill Gates, Business, Elon Musk, Jobs, News, Workers 5 Comments
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