Lyle Brainard, Vice Chairman of the US Federal Reserve, before being sworn in during a ceremony in Washington, D.C. on Monday, May 23, 2022. Drago | bloomberg | Getty Images The White House is likely to appoint Fed Vice Chairman Lyle Brainard to run the National Economic Council and Jared Bernstein to lead the Council … Read more
President Biden spent much of 2022 urging American and foreign energy providers to produce more oil and natural gas. He finally got his wish – though not exactly where he expected. A new analysis by consultancy Wood Mackenzie finds that worldwide fossil fuel exploration in 2022 is at the highest levels in more than a … Read more
Picture this: the debt ceiling debate is at the eleventh hour and the US is about to default. Members of Congress march around the US Capitol, giving press conferences and getting into arguments. As Republicans and Democrats attack each other, an unexpected savior emerges. A platinum coin is minted as a machine stamps it “a … Read more
The Biden administration has stopped granting US companies export licenses to Huawei as it moves toward a complete ban on the sale of US technology to the Chinese telecoms equipment giant. Several people familiar with discussions within the administration said the Commerce Department has notified some companies that it will no longer grant licenses to … Read more
Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of US short-seller criticism failed to calm investors, deepening a market rout that has now led to $65 billion in losses in the group’s stock values. The Indian group led by Gautam Adani, Asia’s richest man, met with research firm Hindenburg and … Read more
BEIJING – China’s recovery from Covid-19 consumption is off to a strong start – after a dismal fourth quarter. when Michelin-starred Restaurant Rêver Edward Suen, chief operating officer of the Guangzhou venue, said it reopened on Thursday of the Lunar New Year holiday, and it was fully booked. He said bookings for the next three … Read more
Comment on this story Suspension The powerful news was greeted by many of the mainstream media on Thursday 2.9% economic growth In the fourth quarter of 2022 with a surprise – even shock. And on Friday, there was more good economic news: Inflation rates have fallen in December compared to November, the sixth consecutive month … Read more
We’re in a global recession, says Robert Kiyosaki, the famous author of the bestselling Rich Dad Poor Dad. He warned of high rates of bankruptcy, unemployment and homelessness, and noted that there is good news for investors looking for “deals”. The last warnings of Robert Kiyosaki Rich Dad Poor Dad author Robert Kiyosaki is back … Read more
People wait in line to attend the job fair at SoFi Stadium on September 9, 2021 in Inglewood, California. Patrick T Fallon | Afp | Getty Images These days the United States unemployment system It is kind of an anomaly. Almost three years after the outbreak of the Covid-19 pandemic The worst unemployment crisis in … Read more
font size The money supply is declining in absolute terms. Additional tightening by the US Federal Reserve risks triggering a recession, writes Robert Heller. El Drago/Bloomberg About the author: Robert Heller He is a former member of the Board of Governors of the Federal Reserve System. Inflation is the most important issue facing the economy … Read more
