It is a theme that has been reported widely — gender diversity in the finance sector is dire. Yes, we are increasingly hearing of improvements and appointments of women to higher-level positions. Unfortunately, these developments still leave much to be desired. In a survey conducted by Findexable, it was reported that 11.3% of board members are women globally, while…
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As gas prices climbed toward record highs this May, Florida Gov. But it also appeared to mark a potential violation of federal law— and the latest skirmish in an escalating clash between GOP officials and the White House over how states can use generous federal stimulus dollars. More than a year after Congress approved a $1.9 trillion coronavirus relief package,…
The baseline expectation is not a U.S. recession, a Goldman Sachs strategist said Monday. Monetary tightening is likely to continue and there could be a "technical" recession, Gurpreet Gill, global fixed-income strategist at Goldman Sachs Asset Management, told Bloomberg Television. In June, the U.S. Federal Reserve raised its benchmark interest rate…
Cynthia M. Lummis and Kirsten Gillibrand introduced in June- would force the Federal Reserve to grant master accounts to certain crypto firms seeking them from the central bank. Two Wyoming- based crypto firms championed by Lummis stand to benefit. Both companies, Custodia Bank and Kraken Financial, have been stymied over the last two years in bids to gain Fed…
Business Amid recession fears, the Federal Reserve paves path for economy. As talks of a recession intensify among corporate leaders and economists, the Federal Reserve announced a new and more aggressive interest rate hike following its June 15 meeting. The Fed continued its trend of setting records by raising interest rates by 75 basis points, its largest…
Applications for jobless aid for the week ending June 25 dipped to 231,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday. Earlier in June, the Labor Department reported that consumer prices surged 8.6% last month from a year earlier. The Federal Reserve responded by raising its main borrowing rate— its main tool for fighting…
The warning, relayed by Business Insider, was made after the heads of the U.S. Federal Reserve, the European Central Bank and the Bank of England met in Portugal this week and expressed their firm commitment to controlling inflation regardless of the cost to economic growth. The key man at the meeting, Fed Chairman Jerome Powell, warned Wednesday that while the U.S….
All 20 cities tracked by the index showed double-digit increases for April, according to S&P Dow Jones Indices. The latest data represents a snapshot of a housing market in transition, even before the Federal Reserve tightened the bolts on monetary policy— including its largest interest rate hike in almost three decades— throwing cool water on the housing…
