U.S. Dollar Stays Nearly Flat After Consumer Sentiment Data
The U.S. dollar stayed nearly flat in late trading on Friday, as the U.S. consumer sentiment fell for a fourth straight month in November....
Sam Bankman-Fried Found Guilty on All Counts at Fraud Trial Over Crypto Exchange FTX
Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange,...
U.S. Dollar Rises as Investors Flock to Safe-Haven Over Escalating Israel-Hamas Conflict
The U.S. dollar gained in late trading on Monday, as many investors were concerned about the potential for escalation and protracted conflict in one...
U.S. Senate Advances Short-term Spending Bill Ahead of Gov’t Shutdown
The U.S. Senate passed a short-term spending bill on Tuesday in hope of avoiding a government shutdown by Saturday midnight, yet with no guarantee...
House to Break Early for Recess, Pushing Bulk of Spending Battle to September
The House on Thursday approved the first of 12 government spending bills lawmakers are looking to pass by the end of September as they...
Dysfunctional Government Carries a Financial Cost
Fitch Ratings caught most of Washington off guard a week ago when it downgraded the debt of the U.S. government. But it should not...
Fitch Warns It May Have to Downgrade Dozens of U.S. Banks
Fitch Ratings warned on Tuesday that dozens of U.S. banks, including JPMorgan, the largest bank in the country, could be at risk of sweeping...
World Bank Warns Latin America’s Economy Will Grow Less Than Expected
Latin America and the Caribbean will experience only modest growth this year as the region’s economies suffer from high interest rates and falling commodity...
The Final Estimate for GDP Shows the US Economy Grew at 2.6% Last Quarter
The US economy grew at a slower pace in the fourth quarter than initially estimated, as consumer spending continued to trail off. Inflation-adjusted gross...
The US Economy Faces an ‘everything Problem’ – and the Fed Has Only Bad Options
Jerome Powell has only “terrible” options to choose from, as the Federal Reserve chair weighs the threat of historic inflation against the risk of...