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Economy

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

Top Economist Issues Warning about Banking Crisis: ‘The Worst Is Ahead of Us’

April 11, 2023 - 8:18 pm by Frank Bergman

A top U.S. economist has issued a warning to the American people regarding the banking crisis.

Categories Economy, News Tags Banking Crisis, Banks, Economy, Nouriel Roubini 2 Comments

Baby Boomers Replace Millennials as Top Home-Buying Generation in America

April 11, 2023 - 6:02 pm by Nick R. Hamilton

Baby boomers have just taken the top spot when it comes to buying homes in America.

Categories Economy Tags Baby Boomers, Business, Home Buying, Millennials, News, Real Estate Leave a comment

IRS to Prioritize Criminal Investigations and Enforcement for Certain Assets

April 10, 2023 - 7:55 am by Nick R. Hamilton

The Internal Revenue Service (IRS) has announced that the federal tax agency is prioritizing criminal investigations and will be increasing enforcement on certain assets.

Categories Economy Tags Business, Cryptocurrency, IRS, News, Tax 5 Comments

U.S Adds 236,000 Jobs as Labor Market Slows in March

April 7, 2023 - 2:06 pm by Nick R. Hamilton

The United States added 236,000 new jobs in March, slightly below the market estimate of 238,000, according to the latest government data.

Categories Economy Tags Bureau of Labor Statistics, Business, Economy, Jobs, News Leave a comment

JPMorgan CEO Warns Banking Crisis ‘Not Over Yet’: ‘There Will Be Repercussions for Years to Come’

April 4, 2023 - 7:51 pm by Frank Bergman

JPMorgan Chase CEO Jamie Dimon has warned that America is facing “unprecedented”  risks from the current economic climate and cautioned that the banking crisis “is not over yet.”

Categories Economy, News Tags Banking Crisis, Economy, Jamie Dimon, JPMorgan Chase 3 Comments

Inflation Woes Intensify as Saudi Arabia Slashes Oil Output

April 4, 2023 - 8:18 am by David Lindfield

America’s inflation woes are likely to intensify further after Saudi Arabia revealed in a surprise announcement that it is slashing oil output.

Categories Economy, News Tags Biden, Gas Prices, Inflation, Oil, Oil Prices, OPEC, Putin, Saudi Arabia 1 Comment

America’s Biggest Banks Experience Major Surge in Withdrawals

April 4, 2023 - 7:50 am by Nick R. Hamilton

America’s largest banks experienced a major surge in withdrawals last week as the banking crisis appears to be deepening.

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

Fed Chair Powell on SVB Collapse: Regulators Were Surprised by Bank Run

March 23, 2023 - 12:31 pmMarch 23, 2023 - 11:12 am by Nick R. Hamilton

Federal Reserve Chairman Jerome Powell has commented on the collapse of Silicon Valley Bank (SVB) by revealing that regulators were caught off guard by the speed of the bank run.

Categories Economy Tags Banking Crisis, Business, Federal Reserve, Interest Rates, Jerome Powell, News, Silicon Valley Bank 4 Comments

Former FDIC Chair Speaks Out: Biden Admin Overreacted with SVB ‘Bailout’

March 22, 2023 - 1:22 pmMarch 22, 2023 - 11:12 am by Nick R. Hamilton

The former chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has criticized the Biden administration’s “bailout” of Silicon Valley Bank (SVB).

Categories Economy Tags Banking Crisis, Biden, Business, News, Sheila Bair, Silicon Valley Bank 2 Comments
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