Inflation Woes Intensify as Saudi Arabia Slashes Oil Output
America’s inflation woes are likely to intensify further after Saudi Arabia revealed in a surprise announcement that it is slashing oil output.
Economy
America’s Biggest Banks Experience Major Surge in Withdrawals
America’s largest banks experienced a major surge in withdrawals last week as the banking crisis appears to be deepening.
Fed Chair Powell on SVB Collapse: Regulators Were Surprised by Bank Run
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.
Former FDIC Chair Speaks Out: Biden Admin Overreacted with SVB ‘Bailout’
The former chair of the Federal Deposit Insurance Corporation (FDIC), Sheila Bair, has criticized the Biden administration’s “bailout” of Silicon Valley Bank (SVB).
IRS Lists ‘Dirty Dozen’ Tax Scams in Fresh Warning
The Internal Revenue Service (IRS) has released a list of the “Dirty Dozen” scams that taxpayers should be aware of.
East Palestine Real Estate Market in Limbo amid Toxic Train Crash Fallout
Real estate experts in the small Ohio town of East Palestine has revealed that the housing market has now ground to a halt as the fallout from the February toxic train crash continues.
Biden Urges Congress to Ban Executives of Collapsed Banks from Industry
President Joe Biden has called on Congress to toughen penalties against the executive of collapsed banks.
ChatGPT Inspires Matchmaking Service Focused on Traditional Values
ChatGPT-3’s debut in late 2022 shook up tech–and online dating was no exception.
Banks Are Borrowing Billions to Maintain Liquidity amid Banking Crisis, Fed Data Shows
U.S. banks are borrowing billions of dollars to maintain liquidity following the recent collapse of Silicon Valley Bank (SVB), data published by the Federal Reserve shows.
Sen John Kennedy: Silicon Valley Bank Crisis Could Have Been Avoided
Sen. John Kennedy (R-LA) has argued that the Silicon Vally Bank (SVB) collapse, and the resulting banking crisis, could have been avoided.