As of mid-August 2024, the U.S. economy is grappling with a combination of inflationary pressures, economic uncertainty, and a continuous wave of corporate layoffs across several industries. This turbulence reflects both sector-specific challenges and...

In a stunning turn of events that has left even seasoned Wall Street analysts scratching their heads, the US stock market spent the last two weeks behaving like it was auditioning for a reality...

On July 31, 2024, Federal Reserve Chair Jerome Powell’s address highlighted several significant takeaways from the Federal Open Market Committee (FOMC) meeting. His optimistic tone had a positive impact on financial markets, with the...

During a press conference in Washington D.C. on July 11, 2024, President Joe Biden addressed increasing speculation about his potential withdrawal from the presidential race. This speculation has been intensifying over the past few...

On July 19, 2024, a significant global IT outage wreaked havoc across multiple sectors, affecting millions of users and businesses worldwide. This unexpected disruption has highlighted the vulnerabilities in our increasingly digital and interconnected...

As of July 18, 2024, 5:26 PM EDT U.S. stocks took a significant hit on Thursday, reversing earlier gains as investors shifted away from high-priced megacap growth stocks amid the intensifying second-quarter earnings season....

Soaring home values are a boon to homeowners who’ve seen their equity climbing. But they can also bring a nasty surprise in the form of rising property tax bills. Several states are pursuing measures...

The U.S. Federal Reserve is contemplating a significant rule adjustment that may result in substantial capital savings for the nation’s largest banks. This consideration marks a potential victory for the banking industry, which has...

The Federal Reserve’s 2024 stress test results indicate that major US banks are well-equipped to handle a severe downturn in commercial real estate (CRE) values, even amid growing risks in the sector. These simulations,...