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Economic News

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CPI Expands Proprietary Technology Platform with Acquisition of TRISM Business

June 24, 2026

CPI TM, a payments technology leader providing a comprehensive range of physical and digital payment solutions, today announced it has acquired the TRISM on-premise instant issuance solution assets from HID Global Corporation. The transaction adds recurring revenue with an established base of multi-year customer relationships across the U.S. to CPI’ s…

See a $100,000 bill and get a bag of shredded cash at Philly Federal Reserve

June 24, 2026

I learned just how little I knew when I got a sneak peek tour of the Federal Reserve Bank of Philadelphia’ s redesigned "Money in Motion" exhibit with Andrew Hill, assistant vice president of economic education. Even if you already know the role and history of the Federal Reserve, I’ d bet a pretty penny you’ ll be impressed by the rare coins and notes on display, including…

Don't rely on bank of mom and dad

June 24, 2026

A survey released this month by the insurance firm Northwestern Mutual says that many Americans, including some in their 50 s and 60 s, rely on their parents for financial help. The Federal Reserve also conducts an annual survey on financial well-being, and it also reported an increase in the reliance on parents to pay the bills. In many ways this is not surprising;…

Semiconductor selloff pulls down markets Wall Street ends lower on semiconductor selloff as AI spending concerns mount

June 24, 2026

The Nasdaq and the S&P 500 closed lower Tuesday, dragged down by sharp losses in semiconductor stocks as investors scrutinized growing debt-funded artificial intelligence spending and braced for a more hawkish Federal Reserve. Nvidia dropped 4.1% and Alphabet fell 1% while chipmakers Intel, Marvell Technology and Advanced Micro Devices lost between…

Alan Greenspan, the legendary former Federal Reserve chair, dies

June 23, 2026

Sign up for the Planet Money newsletter. Alan Greenspan, who steered the Federal Reserve for nearly two decades, through some of the longest economic booms in U.S. history, has died. Greenspan died Monday at his home in Washington.

Greenspan's Fed legacy was tarnished when millions lost homes during financial crisis

June 23, 2026

His wife, the NBC news correspondent Andrea Mitchell, said in a statement this morning that Greenspan died of complications from Parkinson's disease. NPR's Scott Horsley joins us now. So, Scott, Greenspan led the Federal Reserve under four different presidents- Ronald Reagan, Bill Clinton, both George Bushs.

WARREN, REED, VAN HOLLEN, DURBIN, BLUMENTHAL CALL ON REGULATORY AGENCIES TO RESCIND CAPITAL PROPOSALS THAT WOULD MAKE BANKING SYSTEM MORE FRAGILE

June 23, 2026

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Senators Elizabeth Warren, Ranking Member of the Committee on Banking, Housing, and Urban Affairs, Jack Reed, Chris Van Hollen, Dick Durbin, and Richard Blumenthal sent a letter to Vice Chair for Supervision at the Federal Reserve Michelle W. Bowman,…

How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

June 23, 2026

Alan Greenspan, seated left, said working for President Gerald Ford, sitting next to him, was more interesting than helming the Fed. Alan Greenspan, who died on June 22, 2026, at the age of 100, is best remembered for his 18 years at the helm of the Federal Reserve. To us, one of the most notable aspects of his career was his commitment to public service, cemented while he…

How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

June 23, 2026

Alan Greenspan, who died on June 22, 2026, at the age of 100, is best remembered for his 18 years at the helm of the Federal Reserve. We also knew him personally, in different capacities: One of us interviewed him in 2016 for a book on public service, and the other was present as a young professor when Greenspan defended his dissertation at New York University in 1977..

TRUMP PICKED KEVIN WARSH TO CUT RATES.

June 23, 2026

The following information was released by the Cato Institute:. The Federal Reserve is a sprawling bureaucracy, averse to change. With that in mind, the latest FOMC meeting and press conference the first under new Fed Chair Kevin Warsh came as a pleasant surprise.

How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

June 23, 2026

Alan Greenspan, who died on June 22, 2026, at the age of 100, is best remembered for his 18 years at the helm of the Federal Reserve. We also knew him personally, in different capacities: One of us interviewed him in 2016 for a book on public service, and the other was present as a young professor when Greenspan defended his dissertation at New York University in 1977..

Latest state budget raises taxes on Californians, ignores voter priorities

June 23, 2026

Yet Sacramento continues to favor government spending over real relief. Despite historic revenue gains exceeding $60 billion above initial projections, the budget relies on accounting gimmicks, new tax hikes and withdrawals of more than $14 billion from the state’ s Rainy Day Fund to achieve balance. This will add an average of $400 per year for a family of four…

WHAT TO EXPECT FROM KEVIN WARSH'S FED IN THE FIRST 100 DAYS

June 23, 2026

The following information was released by the Council on Foreign Relations:. Roger W. Ferguson Jr. is the Steven A Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations. Kevin Warsh was sworn in as the new chair of the Federal Reserve on May 22, succeeding Jerome Powell at the helm of the world's most consequential…

Don't rely on the bank of mom and dad

June 23, 2026

A survey released this month by the insurance firm Northwestern Mutual says that many Americans, including some in their 50 s and 60 s, rely on their parents for financial help. The Federal Reserve also conducts an annual survey on financial well-being, and it also reported an increase in the reliance on parents to pay the bills. In many ways this is not surprising;…

Alan Greenspan, US Fed ‘maestro’ through years of boom and bust, dies at 100

June 23, 2026

Alan Greenspan, hailed as the greatest Federal Reserve chairman when he retired in 2006 but derided for a severe financial crisis that followed barely two years later, died on Monday aged 100, his wife said. Greenspan, who exerted a powerful influence on the U.S. economy during his tenure at the helm of the Fed from August 1987 to January 2006, died at his home from…

Alan Greenspan, Fed Chair through prosperity and crisis, dies at 100

June 23, 2026

Alan Greenspan, who in nearly two decades as chair of the Federal Reserve nurtured a long run of prosperity, navigated crises and was a powerful and polarizing force in shaping market-friendly policies, died Monday at his home in Washington. The cause was complications of Parkinson's disease, his wife, Andrea Mitchell, the chief Washington correspondent and…

Former Federal Reserve Chairman Alan Greenspan dies at 100

June 23, 2026

WASHINGTON— Alan Greenspan, the jazz-playing U.S. Federal Reserve chair who was celebrated for engineering a decade of prosperity but later shared the blame for a devastating financial crisis, died Monday. "Under his leadership, the Federal Reserve achieved a sustained era of price stability that supported economic growth and helped anchor the public’ s…

New Investment Study Findings Recently Were Reported by Researchers at Federal Reserve Bank (Drivers of Wage and Employment Growth In Recent Years: a Supply and Demand Decomposition): Investment

June 22, 2026

2026 JUN 22– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Investment have been published. Our news editors obtained a quote from the research from Federal Reserve Bank,“ Extending Shapiro 2026, we separately identify trend growth, current shocks, and past shocks across different industries. For more information on…

Former Federal Reserve Chair Alan Greenspan dies at 100

June 22, 2026

MANHATTAN— FORMER FEDERAL RESERVE CHAIR ALAN GREENSPAN died on Monday at 100.. Then-President Ronald Reagan in 1987 tapped Greenspan as his appointee for the Federal Reserve chairmanship. He served four Presidential administrations, including Ronald Reagan, both George Bushes and Bill Clinton.

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