Browsing: Economy
Warren Buffett’s Berkshire Hathaway is currently sitting on a massive reserve of short-term U.S. Treasury bills that exceeds the amount of the securities held by the Federal Reserve. The company…
JPMorgan Chase analysts now see a greater chance that the U.S. economy will enter a recession by the end of the year. In a Wednesday analyst note, JPMorgan economists led by…
The number of Americans filing for unemployment benefits rose less than expected last week, potentially easing some concerns about the health of the labor market following the disappointing July jobs…
Social media platform Rumble joined Elon Musk’s X in filing a lawsuit against the Global Alliance for Responsible Media (GARM) alleging the global advertising group is violating antitrust laws by…
The era of hefty pay increases is over, and companies are already making plans to trim raises again next year. The shrinking raises are the latest sign—alongside last week’s lackluster…
A key measure of home-purchase applications surged last week as mortgage rates dropped to the lowest level in more than a year. The Mortgage Bankers Association’s (MBA) index of mortgage…
Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting a new record high at the end of June, according to a New York Federal…
A two-day National Transportation Safety Board (NTSB) hearing begins Tuesday, focusing on the Alaska Airlines Boeing 737-9 MAX door plug blowout that occurred in January. Elizabeth Lund, senior vice president…
Fears of an impending recession have some Wall Street economists betting that the Federal Reserve will approve an unusually big interest-rate cut when policymakers next meet in September. A majority…
Prominent financial analyst Robert Prechter says he believes the Federal Reserve will make the rare move of implementing an emergency rate cut ahead of its September meeting, reacting to markets…