Real-Estate Doom Loop Threatens America’s Banks
Listen to article (2 minutes) Bank OZK had two branches in rural Arkansas when chief executive officer George Gleason bought it in 1979. The Little...
The Biden Administration to Implement Overtime Pay for Millions of Workers by Default
The Biden administration proposes overtime pay for salaried workers earning around $55,000 or less annually, exceeding the current $35,568 threshold. The plan aims to add...
September Is Bad for Stocks. Is It Still Good for Gold?
Up until a decade or so ago, September was the best month of the calendar for gold. Since then, it has been the worst. Anindito...
Why Central Bankers Are Not Sure They’ve Raised Rates Enough
Global central bankers are cautiously optimistic as inflation slows but fear it’s not sustainable. The Federal Reserve, having raised rates aggressively, faces concerns about stronger-than-expected...
Retailers Paint a Worrying Picture of American Consumers
The retail sector suffered a severe blow this week. Macy’s and Kohl’s reported significant sales declines, indicating deeper underlying problems. Stock values plummeted across the...
Corporate America Is Hurting on China’s Worsening Economy
China’s worsening economic downturn is negatively impacting major American businesses operating in the country, especially those linked to its declining manufacturing, construction, and export sectors....
The Fed Has Laid the Seeds of a Crisis That Wall Street Can No Longer Ignore
In a concerning move, Fitch downgraded America’s credit rating, emphasizing the country’s growing financial vulnerability due to prolonged Washington dysfunction. The Fed’s attempts to combat...
Homelessness in America is Now at a Record Rate
The U.S. has witnessed a significant surge in homelessness, with preliminary data indicating an 11% rise from 2022, marking the largest increase since 2007, according...
Is AI's Rapid Rise the New Dot-Com Bubble About to Burst?
Despite the recent tech rally driven by generative artificial intelligence, concerns rise as Nvidia’s shares have almost tripled in 2023, with some attributing this surge...
Washington's Fiscal Blowout: Interest on Federal Debt Has Hit 15.5% Of All Federal Debt
President Biden and Congress have set alarming records with their skyrocketing spending and deficits. In just the first 10 months of the fiscal year, the...