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Economic News

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BOSTON FED REPORT OFFERS DETAILED PICTURE OF FAMILY WEALTH IN MASSACHUSETTS

August 12, 2026

A detailed survey of family wealth in Massachusetts has found an estimated median family net wealth of $374,000 and higher median wealth among those with more education, homeowners, those 65 or older, rural residents, and in white and Asian families. The Family wealth in Massachusetts report, published by the Federal Reserve Bank of Boston, presents the…

Copper Establishes Regulated U.S. Presence as a Qualified Custodian and FINRA Member

August 12, 2026

Copper, a builder of blockchain-based infrastructure for secure and efficient collateral mobility across capital markets, today announced that its U.S. entity, Copper Markets Inc., a registered broker-dealer with the Securities and Exchange Commission, has been accepted as a member of the Financial Industry Regulatory Authority. The milestone…

Kevin Warsh's maelstrom

August 12, 2026

Federal Reserve Chairman Kevin Warsh has stated emphatically that curbing inflation is job one and he has curbed forward guidance. But it’ s high time the Fed started talking about how federal and state policies constrain its ability to deliver price stability and solid growth. Russia’ s invasion of Ukraine and Western sanctions, COVID-19 lockdowns, climate…

Research Conducted at Federal Reserve Board Has Provided New Information about CDC and FDA (Parental Employment In the Pandemic: Effects of Lockdowns With Employment Protection Policies): CDC and FDA

August 11, 2026

2026 AUG 11– By a News Reporter-Staff News Editor at CDC& FDA Daily– Current study results on CDC and FDA have been published. According to news originating from Washington, District of Columbia, by NewsRx correspondents, research stated,“ The COVID-19 pandemic disproportionately affected mothers’ employment in New Zealand, despite a generous wage subsidy…

Two regional Fed banks to launch pilot survey of private credit market

August 11, 2026

The Dallas and New York Federal Reserve banks plan to launch a pilot survey into the estimated $1.3 trillion private credit market after the end of the third quarter, the New York Fed said. The survey would segment the market into three sections based on borrower size: an upper middle market with more than $100 million in earnings before interest, taxes,…

KOLB APPOINTED SVP OF RISK AND COMPLIANCE AT THE MINNEAPOLIS FED

August 10, 2026

Cara Kolb has been appointed senior vice president of Risk and Compliance by the Federal Reserve Bank of Minneapolis Board of Directors. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nations central bank. The Federal Reserve Bank of…

Auddia Announces SEC Effectiveness of S‑4 Registration Statement Clearing Major Merger Milestone

August 10, 2026

Positions company for setting the definitive date for pivotal shareholder vote BOULDER, CO, August 10, 2026 – PRISM MediaWire (Press Release Service – Press Release Distribution) – Auddia Inc. (NASDAQ: AUUD) (“Auddia” or the “Company”), an AI first technology company pursuing a merger to form McCarthy Finney, an AI native operating company, today announced the […]
The post Auddia Announces SEC Effectiveness of S‑4 Registration Statement Clearing Major Merger Milestone first appeared on PRISM MediaWire.

Trump renews push to oust Federal Reserve governor Lisa Cook

August 9, 2026

Lisa Cook, sending her a letter that threatens her position at the nation's central bank over unproven allegations of mortgage fraud. The letter, dated Aug. 5 and signed by White House Deputy Chief of Staff Dan Scavino, gave Cook three weeks to respond. They center on the idea that she listed two homes, one in Georgia and one in Michigan, as her primary residence, which…

ARTHUR CYR: The steady course of the Federal Reserve

August 9, 2026

The continuing consistency reflects in broad terms the strategic commitment of new Fed Chairman Kevin Warsh to focus on data, not drama or political pressures. This laudable high-minded commitment is more easily declared than achieved.in Washington at any time, but especially in the current intensely charged environment. The three dissenters were Beth…

Maryland Attorney General Opposes OppFi Bank Acquisition

August 9, 2026

The coalition sent letters to the Office of the Comptroller of the Currency and the Federal Reserve Board opposing the proposed transaction, which would give Opportunity Financial, also known as OppFi, a national bank charter. OppFi currently partners with state-chartered banks in Utah, which does not have a fixed interest-rate cap. OppFi is seeking to…

WARREN PRESSES BOWMAN, GOULD OVER DECISION TO GRANT NATIONAL CHARTER TO BANK FACING ONGOING ENFORCEMENT ACTION

August 8, 2026

"Your decision to approve United Texas Bank's conversion weakens one of Dodd-Frank's basic protections against regulatory arbitrage. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Michelle Bowman, Vice Chair of Supervision at the Federal Reserve Board, and Jonathan Gould, Comptroller of…

SENATOR WARREN STATEMENT ON REPORTS ABOUT FED GOVERNOR LISA COOK

August 8, 2026

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement on reports that President Trump is moving forward with his attempt to fire Fed Governor Lisa Cook:.

S&P closes high as jobs report eases concerns S&P closes at record high as soft jobs report eases rate-hike concerns (copy)

August 8, 2026

U.S. stocks advanced on Friday, with the S&P closing at a record high to cap off a strong week of gains for the major indexes, after data showed the economy shed jobs last month and dampened expectations the Federal Reserve would raise interest rates in September. The Labor Department said nonfarm payrolls decreased by 23,000 jobs last month, well below the…

Jobs report jolts market, clouds Fed's next move US sheds 23,000 jobs in July (copy)

August 8, 2026

WASHINGTON- The U.S. economy unexpectedly shed jobs in July and previously reported job gains for the prior two months were revised sharply lower, tempering financial market expectations for an interest rate hike from the Federal Reserve next month. "This is the third summer in a row that we have seen unexpected weakness in the labor market," said Stephen Stanley,…

Data on Finance Detailed by Researchers at Federal Reserve Board (Does Government-Sponsored Mortgage Securitization Mitigate or Aggravate Financial Crises?): Business – Finance

August 7, 2026

2026 AUG 07– By a News Reporter-Staff News Editor at Daily Real Estate News– Fresh data on finance are presented in a new report. According to news reporting from Washington, District of Columbia, by NewsRx journalists, research stated,“ This paper analyzes a model of the mortgage market, allowing for scenarios with and without government-sponsored mortgage…

Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook

August 7, 2026

—The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the Supreme Court allowed her to retain her job while she fights the president’ s effort to terminate her over mortgage fraud allegations that she has denied. Supreme Court Chief Justice John Roberts wrote in a footnote in his opinion that…

ATTORNEY GENERAL BROWN JOINS COALITION URGING FEDERAL GOVERNMENT TO DENY OPPORTUNITY FINANCIAL MERGER

August 7, 2026

BALTIMORE, MD Attorney General Anthony G. Brown joined a coalition of 17 attorneys general in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging the agencies to deny Opportunity Financials' application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and enable the…

Fibre Federal Credit Union donates over $300K in 2025

August 7, 2026

Fibre Federal Credit Union has released its 2025 reports on community giving and economic impact. The credit union, which serves 11 counties in Washington and Oregon, collected over $27,000 for nonprofits, including United Way and American Red Cross, through its payroll deduction option. Read the entire report at Fibre Federal Credit Union 2025 Community&…

ATTORNEY GENERAL CLARK JOINS COALITION URGING FEDERAL GOVERNMENT TO DENY OPPORTUNITY FINANCIAL MERGER

August 7, 2026

Attorney General Charity Clark joined a coalition of 17 attorneys general today in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging the agencies to deny Opportunity Financials' application to acquire and merge with BNC National Bank, which would grant OppFi a national bank charter and enable the company…

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