Chairman Jerome Powell of the Federal Reserve showed some muscle today during his first interview with Capitol Hill lawmakers since becoming chief of the powerful Fed. He was questioned by New York Representative Carolyn Maloney about his intentions with the interest rate this year, and whether the Federal Reserve was going to get more …
Attorneys from the United Parcel Service Incorporated headquarters in Atlanta, Georgia, have just announced they have filed suit against the Anti-Trust Unit of the European Union for 1.74 billion euros (2.15 billion dollars), along with interest and court costs, for a decision in Brussels five years ago that put the kibosh on UPS’ plans …
Hartwig Loger is the Finance Minister for Austria, and he has a set of proposals for cryptocurrency standards that have been tried and tested already — for gold metal and its derivatives. His goal is to make sure cryptocurrencies like bitcoin cannot be used for money laundering. Last week Loger traveled to Lisbon, Portugal, …
Pakistan’s struggling economy, one of the weakest in South Asia, received another perilous blow yesterday when the Financial Action Task Force decided to include the country on its list of nations with lax power over money laundering and terrorist financing. Saudi Arabia had initially opposed the listing, but backed down after pressure was …
Financial experts are unanimous in saying that this is the best time of year to get rid of the financial clutter in the average household — after the Holiday rush is over and before the dreaded April 15th deadline starts looming. It’s time to look around your home, and your investment and savings strategies, to …
A novel solution to international debt is being tried by the Indian Ocean island nation of Seychelles. This so-called tropical paradise, which is perilously close to defaulting on some major international banking loans, is building two immense saltwater parks and in return they are negotiating to have a good portion of their national debt …
The Albertsons Company is planning on another stock option buy on the Rite Aid Corporation. It should be about five percent of the stock, with the rest currently being optioned by Walgreens Boots Alliance. The landscape of consumer shopping is shifting so rapidly that grocery chains need an in-house, name brand, pharmacy in order to …
Today the Federal Reserve offers a detailed policy on the 2018 outlook for financial policy makers in government and in private banking as it releases their board meeting minutes from last month, January. Last month the board of governors kept the benchmark federal funding rate unchanged from an average of one to one-point-five percent. …
It’s not a question of if there will be another major recession, but of when that recession will be.is theAnd what President Donald Trump will do about it, if he is still in office at the time. The National Bureau of Economic Research is already saying that the current economic boomlet is the …
Ten years after the worldwide financial crisis, household indebtedness is viewed by many financial experts as a thing of the past, not a present crisis. But there are places were it still stings hard. Such places include Australia, Norway, Canada, and Switzerland. In those countries, among others, the rising tide of household debt is …