Category Archives: Financial

The Fed’s brand new Message: The Economy Can Get a Lot Better for Workers

Sometimes, ideas can bounce around the intellectual fringes for years before eventually being embraced by the powerful. On Wednesday you could watch the idea happen in real time, on cable television. In congressional testimony, the Federal Reserve chair, Jerome Powell, argued in which despite the low unemployment rate, the job market was not yet in

Fed Chair Raises ‘Serious Concerns’ About Facebook’s Cryptocurrency Project

Facebook will be facing a growing chorus of doubts about its brand new Libra cryptocurrency project by authorities around the planet, ahead of two congressional hearings on the initiative next week. On Wednesday, the chair of the Federal Reserve, Jerome Powell, said Libra raised a host of “serious concerns” around “money laundering, consumer protection as

Harvard Suspends Roland Fryer, Star Economist, After Sexual Harassment Claims

Mr. Fryer repeatedly told a university investigator that will he was being unfairly scrutinized, at one point asking if he was being singled out for his skin shade, though some of the accusers were minority women. He explained his “tackle, bite u or both” message as a “same-race thing” with an assistant who was black.

Fed Chair Powell Signals Openness to Rate Cut as well as Stock Market Rallies

WASHINGTON — Federal Reserve Chair Jerome H. Powell signaled in which an interest-rate cut may come soon, sending stocks to a brand new high as the benchmark S&P 500 stock index traded above 3,000 for initially. Mr. Powell, testifying before the House Financial Services Committee, highlighted continuing risks to the United States economy, including trade

Ross Perot’s Warning of a ‘Giant Sucking Sound’ on Nafta Echoes Today

Ross Perot, who died Tuesday, has not been much inside news inside past few years. yet his ideas surely have. His staunch opposition to the North American Free Trade Agreement inside 1990s found a powerful echo two decades later when Donald Trump ran for the presidency calling for a wall on the Mexican border along

Global Recession Risks Are Up, in addition to Central Banks Aren’t Ready

Central bankers have a favorite mantra: Patch the roof while the sun will be shining. although 10 years after the Federal Reserve worked alongside the European Central Bank in addition to the Bank of Japan to bring the global economy back via the brink, their ability to prevent the next downturn will be limited. Whether

Employee Activism is actually Alive in Tech. the item Stops Short of Organizing Unions.

SAN FRANCISCO — In February, about a dozen employees at a little technology company called NPM embarked on an effort of which is actually often frowned upon at start-ups: trying to unionize. For more than three months, the workers had battled the company’s brand new management over their hours, a changing workplace culture in addition

The Week in Business: Nike Faces a Sneaker Critique, along with Christine Lagarde Needs a Replacement

Want This kind of column in your inbox? Sign up here. Here’s all the business along with tech news you need for the week ahead, so you can catch up quickly along with then enjoy the rest of your long, lazy July Fourth weekend. What’s Up? (June 30-July 6) Stars, Stripes along having a Sneaker

The not bad News: The Job Market will be Solid. The Bad News: The Job Market will be Solid.

The best news to be found from the June jobs numbers, released Friday morning, will be in what they don’t show. After the May numbers showed a steep pullback from the rate of job creation, there was reason to worry that will a turning point for the economy had arrived, in addition to that will

What to Expect coming from the June Jobs Report

A question has hung over the American economy for the past month: Was the sharp slowdown in job growth in May just another soft patch in a recovery of which has set records for its durability? Or was the idea a warning of more significant trouble? Friday’s jobs report will help provide the answer. Economists