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Economy

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

First Republic Bank Collapses as Regulators Take Control

April 29, 2023 - 8:05 am by Frank Bergman

First Republic Bank has collapsed, marking the third significant implosion in under two months.

Categories Economy, News Tags Banking Crisis, Banks, Economy, First Republic Bank 1 Comment

Wall St Experts Issue Warning after Biden’s Economic Gaslighting: ‘Economy Is Unwell’

April 28, 2023 - 7:30 am by Frank Bergman

Wall Street experts have issued a grim warning after Democrat President Joe Biden attempted to gaslight the American people over the gloomy economic outlook.

Categories Economy, News Tags Biden, Economy, GDP, Growth, Interest Rates, Recession, Wall Street Leave a comment

One of America’s Largest Banks Is on Verge of Collapsing

April 27, 2023 - 1:48 pm by Frank Bergman

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing.

Categories Economy, News Tags Banking Crisis, Banks, Economy, First Republic Bank, Signature Bank, Silicon Valley Bank 1 Comment

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

BRICS De-Dollarization Push Gathers Momentum

April 22, 2023 - 12:30 pm by Frank Bergman

The push for de-dollarization led by the BRICS group is continuing to gather momentum as Indonesia moves to shift away from the U.S. dollar for trade and financial transactions.

Categories Economy, News Tags BRICS, China, De-dollarization, Dollar, Indonesia, Russia 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

Americans Paid $5 Trillion in Taxes to IRS Last Year Alone

April 18, 2023 - 7:08 am by Nick R. Hamilton

The Internal Revenue Service (IRS) raked in a record-breaking $5 trillion in taxes last year.

Categories Economy, News Tags Americans, Business, Economy, IRS, News, Taxes, Taxpayers 2 Comments
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