Home News Business and Finance

Business and Finance

News: Business and Finance

Rep. Cindy Axne (D-Iowa) is leading a group of more than 20 Democrats who are calling on Speaker of the House Nancy Pelosi (D-Calif.) to address inflation. While the U.S. Department of Labor has not yet released information for how much inflation rose...
Debt collectors can now text, email, and send direct messages to borrowers on social media after new rules approved by the Consumer Financial Protection Bureau (CFPB) took effect on Tuesday. The new rules clarify how debt collectors can use email, text messages, social media, and other contemporary methods to communicate with...
A new study from the New York Federal Reserve examining the impact of climate change via extreme weather events on bank financial stability throws cold water on the heated rhetoric around climate change, finding that the threat to banks from natural disasters is...
The U.S. Securities and Exchange Commission (SEC) on Thursday finalized rules relating to the Holding Foreign Companies Accountable Act (HFCAA) which would allow it to delist foreign firms from American exchanges if they fail to observe U.S. accounting rules and comply with requests for information...
U.S. employers added a paltry 210,000 jobs in November, sharply below consensus forecasts of 550,000 and more than half as many as in October, though the underwhelming job creation numbers triggered Wall Street stock futures to shoot up, as...
Federal Reserve Chair Jerome Powell faced a grilling on the persistence of inflationary pressures during a Senate hearing on Nov. 30, with the central bank chief acknowledging that it’s “time to retire” the word “transitory” from the inflation narrative, noting that factors...
Oil prices plunged more than 5 percent in early trading on Nov. 26, hitting a two-month low as the emergence of a new COVID-19 variant spooked investors, driving down risk assets like stocks and pushing up havens like gold and bonds. Brent crude, the...
New documents detailing closed-door discussions at the most recent Federal Reserve policy meeting show officials softening their “transitory” view of inflation, acknowledging the recent bout of higher prices as more intense and longer-lasting than they previously believed while vowing to act more...
The number of workers applying for unemployment benefits in the United States dropped sharply last week to a level not seen in over 50 years, suggesting businesses were holding on to employees amid a tight labor market. First-time filings for unemployment insurance—a...
President Joe Biden on Nov. 23 ordered 50 million barrels of oil released from the nation’s strategic petroleum reserve (SPR) to help cool surging energy costs and ease pain at the pump. “American consumers are feeling the impact of elevated...
Federal Reserve Chair Jerome Powell, newly appointed for a second four-year term as chief of the central bank, said on Nov. 22 that he would use the Fed’s arsenal to prevent inflation from becoming a more permanent feature of American life. Powell made...
He says adding just 18 minutes of driving time per truck driver per day would the fix trucking shortage An expert from the Massachusetts Institute of Technology (MIT) told lawmakers at a Nov. 17 congressional hearing that holdups at pickup...
Washington – Business Roundtable President & CEO Joshua Bolten today issued the following statement after the House of Representatives passed the Build Back Better Act, sending the legislation to the Senate: “We are disappointed that the House of Representatives voted...
A record number of American workers quit their jobs as of the last business day of September, in a sign of continued labor market tightness that is upping pressure on businesses to boost wages to attract and retain staff. The...