Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the U.S....
Tag: United States
China competitiveness computer chip bill passes Senate, goes to House
The Senate on Wednesday passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductor chips. The bill, ...
How the Federal Reserve fights inflation through interest rate hikes
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of anal...
Coronavirus Likely Emerged In Wuhan Market, New Studies Find
Topline A pair of studies suggest the coronavirus originally jumped from animals to humans in a market in Wuhan, not a laboratory. Two studies find that coronavirus stemmed from the Huanan Market in W...
Flash Floods Swamp St. Louis In Latest Bout Of Extreme U.S. Weather
Topline Flash floods inundated St. Louis streets as the city broke the record for daily rainfall in just five hours Monday night, as the U.S. continues to experience extreme storms, heat, and fires th...
McDonald’s (MCD) Q2 2022 earnings beat estimates
A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s on Tuesday said both price hikes and value item...
The cheapest and most expensive cities in Europe to visit this year
It may seem paradoxical, but a trip to Europe may be a way to save money on travel this year. Amid a global scramble to find ways to save money while traveling, hotel rates dropped in many European ci...
Superfund Excise Tax Is Catching Many Companies By Surprise
The Superfund Excise Tax went into effect on July 1, 2022, and many companies are still struggling to understand whether it applies to their operations and how to properly estimate their potential lia...
When to buy euros, other currency for a trip abroad
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currenci...
The Federal Reserve’s inflation fight and the U.S. housing market
The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything...
The U.S. Is Still The World’s Top Oil Producer
ODESSA, TEXAS – MARCH 13: An oil pumpjack setup in a residential neighborhood pulls oil from the … [+] Permian Basin oil field on March 13, 2022 in Odessa, Texas. The Permian Basin is the ...
U.S. Drug Prices Sky-High In International Comparison [Infographic]
U.S. residents are paying more than twice as much for prescription drugs as people living in other countries. A paper by think tank Rand Corporation found that U.S. prescription drug prices surpassed ...
Congress To Ponder How To Deal With Long-Time Undocumented Immigrants
Ten million undocumented immigrants pose a challenge to U.S. immigration. How are we to deal with … [+] them? (Photo by: Joe Sohm/Visions of America/Universal Images Group via Getty Images) Univ...
EU, US swap policy intel on European crypto regulation, stablecoins
The EU and the US swapped crypto policy insights on stablecoins and other issues during a joint financial forum in Brussels last week. Representatives from the two governments met as part of an EU–US ...
Domino’s Pizza (DPZ) Q2 2022 earnings
An employee places a cooked pizza into a delivery box inside a Domino’s Pizza Group Plc store. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported mixed quarterly re...
Bitcoin (BTC) climbs above $23,000
The world’s largest cryptocurrency is down roughly 50% since the start of 2021. CFOTO | Future Publishing | Getty Images Bitcoin broke the $23,000 threshold for the first time in more than a mon...
Stock futures extend Dow rally as Netflix earnings beat estimates
U.S. stock futures traded higher on Wednesday morning after a sharp rally for the three major indexes during Tuesday’s regular trading session. Dow Jones Industrial Average futures rose 83 point...
The Complexity Of Fair Use
A 2019 federal district court’s ruling that a French court’s judgment pertaining to a lawsuit … [+] involving copyrighted photos of Pablo Picasso’s was recently reversed. Getty Images Contributi...
Yumi Makes Its First Move Into Nationwide Retail With Target
Yumi is launching nationwide into Target. Courtesy of Yumi Leading children’s nutrition and food sciences company, Yumi, has made their first move into retail as they launch nationwide in every Target...
What travelers need to know as airlines deal with lost, delayed bags
Tim Boyle | Getty Images News | Getty Images Air travel has been rocky this summer — and baggage problems factor among many other issues for travelers like flight cancellations and delays. Nearly 220,...
U.S. Treasury Secretary on supply chain resilience: Use friend-shoring
U.S. Treasury Secretary Janet Yellen (pictured here at a news conference, ahead of the G-20 meeting in Bali on July 14), said supply chain resilience is a key focus of the Biden-Harris administration....
The Biden Administration Needs to Pass The USICA and Get Tougher On China
Before Russia launched its unjust invasion of Ukraine, President Biden’s foreign policy efforts were focused on countering another authoritarian adversary, China, whose economic aggression continues t...
It’s Time To Cure The FDA’s Regulatory Sclerosis
WHITE OAK, MD – JULY 20: A sign for the Food And Drug Administration is seen outside of the … [+] headquarters on July 20, 2020 in White Oak, Maryland. (Photo by Sarah Silbiger/Getty Image...
Airfares cool as peak summer travel season fades. Now what?
Passengers are seen at the Delta Air Lines check-in counters at Hartsfield-Jackson Atlanta International Airport ahead of the Fourth of July holiday in Atlanta, Georgia, July 1, 2022. Elijah Nouvelage...
Stock futures inch higher ahead of a busy week of earnings
U.S. stock index futures were modestly higher during overnight trading Sunday as Wall Street looks ahead to a busy week of earnings. Futures contracts tied to the Dow Jones Industrial Average added 0....