On Tuesday in an interview with CBS News, Mark Zandi, Moody’s Analytics Chief Economist, said “things are going to start to wobble and break and
On Monday shares of Credit Suisse fell 60 percent, a day after rival UBS acquired the troubled bank at a lowball price of 3 billion
Credit Suisse, Switzerland’s second biggest lender, announced it would borrow up to 50 billion Swiss francs, equivalent to $53.68 billion, from the Swiss National Bank
Meta, the parent of Facebook, has announced that it plans to eliminate another 10,000 jobs in a second-round of layoffs in the last six months.
On Wednesday Credit Suisse lost nearly 25% of its value, plunging to a new record low. The Swiss bank’s largest investor, Saudi National Bank (SNB),
Moody’s Investor Service, one of three major rating entities, has downgraded the U.S. banking system from “stable” to “negative.” Following the most significant bank failure
New York-based Signature Bank (SBNY.O) was closed by state regulators on Sunday, only two days after Silicon Valley Bank (SVB) collapsed. Signature Bank’s failure was
In just 48 hours the banking sector has experienced the collapse of two major U.S. banks — Silicon Valley Bank (SVB) and Silvergate. SVB serviced
Investigative reporter Paul Sperry, a New York Post columnist and veteran Hoover Institute media fellow, discovered a connection between Biden’s treasury secretary Janet Yellen and
The collapse of Silicon Valley Bank (SVB) has resulted in problems for Chinese funds and tech start-ups that used the bank as a funding bridge
CEO of Silicon Valley Bank (SVB) Greg Becker sold $3.6 million in shares of the bank’s parent company on February 27, just weeks before SVB
Florida’s southwest coast has experienced a sudden outburst of toxic red algae which has caused at least 3 tons of dead fish to wash up
President Biden defended the U.S. banking system’s stability after the collapse of Silicon Valley Bank. While the impacted depositors will have their money guaranteed, Biden
Today the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB), Santa Clara, California, and appointed the Federal Deposit Insurance Corporation (FDIC)
A new disbursement of U.S. military aid for Ukraine in the amount of $400 million is expected to be approved Friday. The total in taxpayer
A federal database that shows the number of unused approved oil and drilling permits was quietly updated by the Biden Administration who reduced the number
The U.S. housing market has suffered its largest drop since 2008, losing almost $2.3 trillion or 4.9% in home values, according to a new report
The Biden Administration announced it will sell another 26 million barrels of oil from the Strategic Petroleum Reserve (SPR) in an apparent effort to forestall
Rep. Chip Roy (R-TX) and his Republican colleagues plan to introduce a bill, called “BEAT CHINA Act” to reduce manufacturing reliance on China. This bill
Disney CEO Bob Iger on Wednesday announced that the company will lay off 7,000 employees and undertake massive restructuring as it struggles with subscriber losses.
Zoom announced on Tuesday that it will lay off about 1,300 employees, or about 15% of its workforce, according to CEO Eric Yuan’s blog post
On Tuesday President Biden delivered his State of the Union Address calling for Congress “to restore the soul of this nation.” He urged Congress to
Countering Biden’s State of the Union speech, former President Donald Trump gave his own take on the state of America. Trump blasted Biden on a
Senator Ted Cruz (R-TX) and Senator Joe Manchin (D-WV) have proposed a bi-partisan bill to block the Biden Administration from placing a ban on gas
Amid the plummeting supply of eggs and soaring prices in the U.S., debate has erupted on social media about suspicions of intentional tampering to create
The only hospital in the border town of Yuma, Arizona, is overwhelmed by an influx of migrant patients causing a strain on medical resources and
The Biden Administration has put a 20-year mining ban over 225,000 acres in Northern Minnesota’s Iron Range which includes the Twin Metals mine that supplies
Speaker of the House Kevin McCarthy (R-CA) said, “The President and I had a good first meeting,” referring to negotiations on raising the U.S. debt
Legislation has been introduced by every Republican senator and Democrat Joe Manchin to stop the Biden administration’s new environment, social and governance (ESG) rule which
PayPal announced Tuesday it will lay off 2,000 employees, or about 7% of its total global workforce in the coming weeks, which becomes the latest
In an apparent reversal of policy, the Biden Administration is expected to allow a limited expansion in drilling for oil in Alaska as part of
A group of activists stirred up dissent among migrants camped outside the Watson Hotel in NYC and encouraged them to refuse Mayor Eric Adams’ (D)
An egg farm in Bozrah, Connecticut, was plagued with a three-alarm fire that took 4.5 hours to extinguish and over 100 firefighters from at least
The worst outbreak of avian flu on record is continuing for a second year after forcing the destruction of nearly 58 million birds according to
Speaker of the House Kevin McCarthy (R-CA) said that he will be meeting with President Biden to discuss the current debt ceiling issue and ways
Energy Secretary Jennifer Granholm said that President Biden would veto GOP House Bill H.R. 21 called the Strategic Production Response Act, which would limit his
A large-scale push toward the digital wallet space from major U.S. banks competing with Apple Pay and PayPal is coming midyear 2023. According to the
As the massive tsunami of layoffs has been sweeping across major companies in key industries, including Goldman Sachs, Blackrock, Microsoft, Amazon, Alphabet (parent company of
Rep. Bill Foster (D-IL) and 42 Democratic co-sponsors have introduced the End the Threat of Default Act which will eliminate the debt ceiling and allow
The U.S. government reached its debt limit while contentious discussions are taking place among House Republicans and the Biden Administration on how to avoid default.
The White House decided not to send tanks to Ukraine in its aid assistance, even amid disputes from Kyiv and the international community. Ukrainian President
The Federal Aviation Administration (FAA) discovered the system outage was caused by negligent actions of personnel. “The agency determined that a data file was damaged
Rep. Buddy Carter (R-GA) will be reintroducing his Fair Tax Act bill which would abolish the IRS, do away with the national income tax and
The U.S. House of Representatives has voted 221-210 to rescind more than $70 billion from the $80 billion granted to the IRS last year by
The Kansas Water Authority issued a statement recommending that farmers and ranchers in the western part of the state reduce water consumption by as much
Oil industry experts are criticizing the Biden Administration over its response to the news that Chevron and Exxon Mobil will be pulling back from international
On Friday the House passed the $1.7 trillion omnibus bill by a vote of 225-201-1; nine Republicans voted in favor of the bill. President Joe
Democratic House Majority Leader Steny Hoyer (MD-D) is openly critical of his Democratic Senate counterparts for failing to pass any spending bills before the end
Despite objections from conservative Republicans, the Senate passed the 4,155 page, $1.7 trillion omnibus package with a vote of 68-29. Some items included in the
It is reported that House Minority Leader Rep. Kevin McCarthy (R-CA) will campaign against the $1.7 trillion omnibus spending bill. According to Punchbowl News, McCarthy
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