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Latest Articles
Banks rake in big profits as both Wall Street and the US consumer stay strong
1+ hour, 38+ min ago (891+ words) It marks the second straight quarter of strong results from the banks, which have benefited from market volatility since the Iran war began in late February. Both consumer-facing and market-focused banks reported revenue and profit growth that beat even the…...
June Inflation Cools on Short-Lived Oil Deal
57+ min ago (585+ words) For the first time since January, the annual inflation rate pulled back. What made the difference? Energy - specifically gasoline and fuel oil. From May to June, consumer prices dropped 0.4% overall, the largest one-month decline since April 2020. The energy index was…...
300 jobs lost as Canfor closes pulp mill outside Prince George, B.C.
37+ min ago (238+ words) VANCOUVER — Forestry company Canfor says it is permanently closing its Northwood pulp mill outside Prince George, B.C., resulting in the loss of 300 jobs. A statement from the Vancouver-based firm says it is committed to supporting its employees, including providing severance…...
Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
3+ hour, 9+ min ago (756+ words) Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh said in his first appearance before Congress since becoming chair May 22, replacing former chair Jerome Powell. “And we share a resolute commitment to restoring price stability.” Warsh spoke to the…...
KRX activates buy-side sidecar for KOSPI on sharp rise
37+ min ago (130+ words) SEOUL, July 15 (Yonhap) -- South Korea's bourse operator on Wednesday activated a buy-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) as the stock index sharply rose, led by tech gains. Program trading for the KOSPI-listed shares was suspended…...
Sen. Tammy Baldwin about Gas Prices
1+ hour, 41+ min ago (31+ words) WEAU Sen. Tammy Baldwin about Gas Prices Home repair program set to launch July 20th Sen. Baldwin comments on rising gas prices, war in Iran...
Warsh Calls Inflation a Tax, Plans Major Fed Overhaul
1+ hour, 9+ min ago (641+ words) Kevin Warsh has been Fed chair for about two months, and he already wants to shake things up. Testifying before the House Financial Services Committee on Tuesday, Warsh said the central bank's old way of handling inflation was a mistake....
The Anatomy of Fed Policy Regime Change: A Quantitative Deco — Weddings
7+ hour, 22+ min ago (392+ words) The previous monetary regime operated under the Flexible Average Inflation Targeting framework adopted in 2020. This approach allowed inflation to run above the nominal 2% target to compensate for historical undershoots. The current framework rejects this mathematical path-dependency, shifting from an elastic,…...
Breitbart Business Digest: The Best Inflation Report in Modern History
1+ hour, 47+ min ago (298+ words) A CPI Report for the Record Books The June inflation report was even better than it looks. Don’t get us wrong. The headline figure was glorious. The consumer price index fell by 0.4 percent for the month, the biggest decline since…...
New Social Security COLA projections released for 2027 adjustment
4+ hour, 36+ min ago (353+ words) (NEXSTAR) — A new projection estimates Social Security recipients may still be in line for a modest Cost of Living Adjustment (COLA) later this year, though the increase may still change. The Senior Citizens League (TSCL) released its latest COLA projection…...