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How the Fed’s fine intentions feed US wealth inequality

Federal Reserve updates Sign up to myFT Daily Digest to be the first to know about Federal Reserve news. Wealth inequality in the US has reached a record level since the beginning of the coronavirus outbreak, and the Federal Reserve is partially responsible, despite its efforts to boost job prospects for people on low incomes, […]

Disturbing actions by China signal cold war, Stephen Roach warns

Economist Stephen Roach warns Beijing’s crackdown against U.S.-listed China stocks will have widespread market implications. Roach, who is considered one of the world’s leading experts on Asia, believes the actions are signaling the early stages of a cold war. “I am a congenital optimist when it comes to China. But I find these actions really […]

U.S. Set to Push Global Economy Over the Recovery Line

The U.S. economy likely returned to its late-2019 size during the three months through June, helping to lift global output above its pre-pandemic level for the first time. Economists surveyed by The Wall Street Journal estimate that figures to be released Thursday will show that the U.S. gross domestic product rose at an 8.5% seasonally […]

'Tsunami of economic effects' to hit Morgantown economy after ex-Mylan plant closure, new study finds – Huntington Herald Dispatch

‘Tsunami of economic effects’ to hit Morgantown economy after ex-Mylan plant closure, new study finds Huntington Herald Dispatch Read more…

The Dollar/Euro Axis versus Ethiopia

Source : Dreamstime Melakou Tegegn The current trans-Atlantic powers’ (US and EU) negative reaction towards the crisis in Tigray and the Nile dam and the concurrent reaction mainly by the Ethiopian media seem to have somehow eclipsed the real nature of the US. One has to situate what the US really is within the context […]

A ‘delta’ chill in the air? The economy is still booming, but it faces new uncertainty

The U.S. economy caught fire in the spring and it’s still running pretty hot this summer, but a new strain of the coronavirus is threatening to cast a chill over the recovery. Worries about the so-called delta strain sent a shiver through investors last week after the number of people catching the virus quickly climbed […]

The horror scenario lurking in the plumbing of finance

US Treasury bonds updates Sign up to myFT Daily Digest to be the first to know about US Treasury bonds news. Back when Hollywood was fully functional, horror movies were reliably released around Halloween, or, sometimes, whenever there was a Friday the 13th. This year, though, the horror movie in US Treasuries, the mother of […]

How Bucks’ Win is Boosting Milwaukee Economy

Economy By Frederica Freyberg | Here & Now July 23, 2021 • Southeast Region Copy and Paste the Following Code to Embed this Video: Milwaukee County Executive David Crowley reacts to the Milwaukee Bucks NBA Championship and how the team and its home at the Fiserv Forum in the city’s downtown are boosting the local […]

Wall Street notches record closing high on earnings, economic strength

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly NEW YORK, July 23 (Reuters) – Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes […]

Rupee losses 84 paisas to hit nine-month low against dollar

KARACHI: The rupee fell 84 paisas to touch a nine-month record low of 162.32 against the dollar on Friday due to the demand pressure for the foreign currency, as the market opened after the Eid holidays. The exchange rate closed at Rs161.48 on July 19, 2021 in the interbank foreign exchange market. The government had […]