Banks Borrowed More Than $3 Billion From Fed Bailout Program in July

Banks Borrowed More Than $3 Billion From Fed Bailout Program in July

In another sign the financial crisis continues to bubble under the surface, banks borrowed an...

Another Blow to the Petrodollar: India and the UAE Complete First Oil Sale in Rupees

In another blow to dollar dominance, India and the United Arab Emirates settled an oil...

Is China Preparing for War?

China’s leader, Xi Jinping, made an unexpected move by replacing senior leadership in China’s Rocket...

Economy to Stagnate for a Year Before Inflation Returns in 2024: Black Rock

BlackRock experts predict prolonged economic stagnation for the U.S., marking it as “the weakest such...

The Cost of Inflation: U.S. Households Shell Out an Additional $709 Monthly More Than 2 Years Ago

Persistently high inflation has led the typical American household to spend $709 more monthly than...

Corporate America Is Hurting on China’s Worsening Economy

China’s worsening economic downturn is negatively impacting major American businesses operating in the country, especially...

America's Unsustainable Fiscal Trajectory: US Deficit Surpasses $1.613 Trillion

Former US Treasury Secretary Larry Summers warns of a dangerous fiscal trajectory for the US,...

We’re Looking at a Global Recession, if Not a Global Financial Crisis: Rickards

U.S. economic fundamentals and technicals are predominantly negative, with only unemployment and stock market figures...

For the First Time Since the 2008 Financial Crisis, Global Household Wealth Drops

Global household wealth declined by 2.4% last year, marking the first drop since the 2008...

Shadow Banking and Traditional Banking: The Fed Is Now the Permanent Backstop to Both

Bankers, including JPMorgan Chase & Co.’s CEO Jamie Dimon, warn that the Federal Reserve’s proposed...

Banking Giants, Including JPMorgan Chase, On Fitch's Downgrade Radar

Fitch Ratings warns that the U.S. banking industry is nearing the risk of major rating...

Retail Sales Rise More Than Expected

Retail sales in July grew by 0.7%, outpacing Wall Street’s expectations of 0.4%. Most categories...

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