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2 mins read
Corporate growth could see a 10% drop in virus-slammed industries amid mounting debt levels, New York Fed says
Firms in the travel, hospitality, and tourism industries already held twice as much debt on average…
Ben Winck
2 mins read
Dollar dominance is going to stick around in global markets as there's nothing on the horizon to rival the greenback, Fed study says
"The dollar's international role, whether for trade, investment or use as a global reserve currency…
Phil Rosen
2 mins read
Low-wage and minority workers were disproportionately hit by the pandemic's economic pain, Fed study says
While low-wage, Black, and female workers saw outsize job loss in spring 2020, those gaps have clos…
Ben Winck
5 mins read
Explained: US Fed’s rate hikes, quantitative tightening and its impact on India
The US is in a recession now, but that doesn’t seem to be the top worry for Jerome Powell, the chai…
2 mins read
A new Fed study blows a hole in the GOP argument that unemployment benefits caused the labor shortage
The Federal Reserve analysis found little difference between states that pulled the plug on federal…
Joseph Zeballos-Roig,Juliana …
4 mins read
The stock market has been flipped and investors are taunting the Fed
Insider's Phil Rosen breaks down how the Fed, markets, and economic data can't seem to get on the s…
Phil Rosen
3 mins read
Fed Chair Powell warned that sky-high inflation could turn permanent. It's the opposite of what he said a year ago.
Thinking supply chains would quickly heal was something the Fed got wrong, Powell said Wednesday. N…
Ben Winck
4 mins read
Meet the activists urging the Fed to worry less about inflation and focus on helping Americans get good jobs
"The worst-case scenario is high prices and high unemployment, and I really do worry that we're hea…
Ben Winck
2 mins read
The use of central bank digital currencies would fuel demand for other crypto assets, study shows
People would become more comfortable using digital currencies if they were established by central b…
Carla Mozée
2 mins read
Malcolm Gladwell and the CEO of Whole Foods are arguing workers need to return to the office, but a new Fed study shows remote work is here to stay
About 20% of service work is now remote, as is 7% of manufacturing work, firms said. Those shares a…
Ben Winck
1 min read
Mysterious underground sounds reported at Latur village without seismic activity
The village in Nilanga tehsil is located 28 km from Killari where a deadly earthquake had clai…
PTI
3 mins read
Every country around the world is trying to tackle inflation. It's not working anywhere.
The US isn't the only nation facing higher inflation from the war in Ukraine and snarled supply cha…
Ben Winck
4 mins read
ChatGPT and GPT-4 skew the most liberal and Meta's LLaMA is the most conservative AI model, a new study says
AI models have long been criticized for biases. New research shows how AIs from OpenAI, Meta, and G…
Kylie Kirschner
3 mins read
Jerome Powell will boost protections to Americans' savings from the threat of climate change, Biden says
Progressives urged Biden to pick a more climate-focused chair, but he said Trump's Fed pick will ma…
Ben Winck
2 mins read
There's a nearly 75% chance the Fed triggers a US recession within 2 years, which could cost Biden re-election, new study says
Bloomberg Economics says there's now a 72% chance of a downturn by the first quarter of 2024, which…
Phil Rosen
2 mins read
Blame monopolies for today's sky-high inflation, Boston Fed researchers say
Weaker competition amplified the inflationary impacts of the labor shortage, supply-chain problems,…
Ben Winck
2 mins read
Even die-hard Republicans are getting fed up with a new conservative school board in Colorado as teachers quit in droves
One conservative parent who described himself as "pro-life" and "gun-loving" told NBC News he pulle…
Grace Eliza Goodwin
2 mins read
A majority of investors believe inflation is transitory - but many are still positioning their portfolios for rising prices, an E*Trade survey reveals
78% of investors surveyed in a recent E*Trade study are aligned with the Fed's outlook that inflati…
Emily Graffeo
2 mins read
The Great Resignation is much more normal than you think, according to the San Francisco Fed
The US quit rate recently hit its highest point since 2000. A new study suggests such widespread qu…
Ben Winck
4 mins read
Snacks, self-help groups & a ragi revolution in Jharkhand village becomes Harvard case study
Tucked away some 100 km from state capital Ranchi, his work in Gumla has been selected for the P…