The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, January 26, 2022. ...
Tag: government regulations
How drought cost America’s cotton industry billions
Cotton farmers in Texas, where about 40% of the U.S. crop is produced, are facing a severe drought that is costing the industry billions. A lack of rain and extreme heat is forcing growers in the stat...
Why hearing aids are so expensive
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. But only about 20% of people who would benefit from a hearing aid use one....
The U.S. has a pilot shortage — here’s how airlines are trying to fix it
U.S. airlines are facing a severe pilot shortage. Management consulting firm Oliver Wyman estimates the industry is facing a deficit of about 8,000 pilots, or 11% of the total workforce, and says the ...
New Fed banking chief targeting crypto and climate change as top priorities
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions durin...
Why even more Americans are arming up with AR-15 guns
The AR-15 is one of the most controversial weapons in America. Lightweight and easily customizable AR-15 style weapons have skyrocketed in popularity in recent years, taking center stage at gun ranges...
China’s Tencent exploring a financial holding company for WeChat Pay
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is f...