News
2008 Crash Put a Dent in Greenspan's Legacy
1+ hour, 50+ min ago (336+ words) The death of Alan Greenspan has prompted a spate of analyses on his legacy, and they're not all flattering. When Greenspan left his longtime post as chair of the Federal. .. 2008 Crash Put a Dent in Greenspan's Legacy The death of…...
Alan Greenspan, Longtime Fed Chief, Dies at 100
6+ hour, 8+ min ago (206+ words) Alan Greenspan, who steered US monetary policy for nearly 20 years and became the public face of modern central banking, died Monday at 100, reports CNBC. His wife of 29 years, .. . Alan Greenspan, Longtime Fed Chief, Dies at 100 Alan Greenspan, who steered US…...
Ground Beef Now Costs More Per Pound Than Federal Minimum Wage
2+ day, 22+ hour ago (382+ words) A basic burger ingredient now comes with a side of economic reality: a pound of standard ground beef increasingly costs more than an hour of work at the federal minimum wage. .. . Ground Beef Now Costs More Per Pound Than Federal…...
Markets Had Uneasy Reaction to Fed's Latest Projections
4+ day, 21+ hour ago (507+ words) US stocks dropped Wednesday on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 fell 91. 25 points, or 1. 2%, to. .. Markets Had Uneasy Reaction to Fed's Latest Projections US stocks dropped Wednesday…...
Fed Holds Key Rate Steady After Warsh's First Meeting
4+ day, 23+ hour ago (402+ words) Federal Reserve Chairman Kevin Warsh has chaired his first meeting on interest rates, and nothing has moved despite the change at the top. The central bank has kept its key interest. .. Fed Holds Key Rate Steady After Warsh's First Meeting…...
The Iran War Has Rewired the Global Economy
5+ day, 1+ hour ago (308+ words) The Iran war may quiet down, but the fallout isn't going anywhere. That's the message from the New York Times, which argues that the US-Israel war with Iran has rewired. .. The Iran War Has Rewired the Global Economy The Iran…...
Fed Chair in a Tough Spot at First Meeting
6+ day, 4+ hour ago (247+ words) Newser Fed Chair in a Tough Spot at First Meeting Kevin Warsh is stepping into the spotlight this week, and the situation he's inheriting at the Federal Reserve is anything but simple. As he oversees his first policy meeting as…...
Where Fast Food Eats Up the Biggest Portion of Paychecks
1+ week, 2+ day ago (235+ words) Fast food may still be quick, but it's not as cheap as it once was, especially depending on your ZIP code. A new Wallet Hub analysis finds that menu prices from casual eateries. .. Where Fast Food Eats Up the Biggest…...
World Bank Just Cut Its Growth Forecast. It May Get Worse
1+ week, 3+ day ago (291+ words) Economic storm clouds, not sunshine, dominate the World Bank's latest outlook. The lender cut its 2026 global growth forecast to 2. 5%, the weakest pace since the pandemic, .. . World Bank Just Cut Its Growth Forecast. It May Get Worse Economic storm clouds, not…...
Inflation Soars at the Wholesale Level
1+ week, 3+ day ago (431+ words) US producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported. .. Inflation Soars at the Wholesale Level US producer prices climbed…...