IRS Pays $23 Billion Less in Tax Refunds for 2023 Filing Season, Worrying Americans
The Internal Revenue Service (IRS) is paying $23 billion less in tax refunds for the 2023 filing season—with the average refund amount found to be lower by nearly $300.
‘We’re Going to See a Lot of Bankruptcies’: Former CEO
Bob Nardelli, the former CEO of Home Depot, is warning about more bankruptcies hitting the U.S. economy, and blames lawmakers for their delay in...
This $6 trillion problem threatens to push inflation even higher
Following 2008 financial crisis, Fed created trillions of dollars to keep banks afloat while Bernanke paid banks to park money at Fed and limit inflationary effects.
IRS Report Fails to Provide Key Details, Republican Lawmakers Say
House Ways and Means Committee Chairman Jason Smith criticized IRS for failing to provide essential information in its much-anticipated report released April 6.
China Seeks to Dethrone Dollar to Corner World Energy Markets
Plan by China and Russia to replace U.S. dollar as the world’s reserve currency has had a string of recent successes, as China builds a rival monetary system.
A ‘Feel-Good’ Period Before ‘Inevitable’ US Recession: JPMorgan Investment Officer
Markets could see a rally before an inevitable downturn, said Bob Michele, the chief investment officer of JPMorgan Asset Management.
OPEC+ Pledges Major Oil Output Cuts From May to Year’s End
Saudi Arabia and OPEC+ will be cutting their output by about 1.15 million barrels per day (bpd), a move expected to cause an immediate rise in prices.
America’s Biggest Banks See Surge in Deposit Withdrawals
America’s 25 biggest banks saw huge $90 billion outflow of deposits, a reversal from where larger financial institutions absorbed deposits from smaller banks.
Why the Banking Crisis May Just Be Beginning
Silicon Valley Bank failed on March 10, becoming second largest bank to do so in our nation’s history and triggering panic in our banking system in the process.
Elon Musk Sounds Alarm About US Dollar: ‘Serious Issue’
Elon Musk sounded alarm about primacy of U.S. dollar as world’s reserve currency following deal between Chinese regime and Brazil to trade in own currencies.
Bank Deposit Bailouts Could Cost Taxpayers Billions
Following regional bank failures regulators were quick to guarantee all depositors for full balance of their bank accounts, even beyond $250,000 limit set by FDIC.
First Citizens Shares Soar After Announcing Deal to Buy Failed Silicon Valley Bank
The share price of First Citizens Bank has soared this week following news that it would buy much of the failed Silicon Valley Bank in the wake of its collapse.
