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Economy

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

Trump’s Business Empire Is Expanding, Financial Report Shows

April 16, 2023 - 7:08 pm by Nick R. Hamilton

President Donald Trump’s vast business empire has been expanding since his return to private life, his recently filed personal financial disclosure report shows.

Categories Economy, News Tags Business, Net Worth, News, Trump, Trump Organization Leave a comment

Warren Buffett Dumps Billions in Taiwanese Stock as Fears of Chinese Invasion Mount

April 14, 2023 - 8:16 pm by Frank Bergman

Renowned American investor Warren Buffett has just dumped billions of dollars worth of stock for a Taiwanese chipmaker as fears mount that China is preparing to invade the island nation.

Categories Economy, News Tags China, Chinese Communist Party, Taiwan, Warren Buffett 9 Comments

IRS Warns Time Running Out to Claim $1.5 Billion in Unclaimed Refunds for 2019 Tax Year

April 13, 2023 - 6:02 pm by Nick R. Hamilton

The Internal Revenue Service (IRS) has warned American taxpayers that time is running out to claim tax refunds for 2019.

Categories Economy Tags Business, IRS, News, Tax Leave a comment
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