The Federal Reserve’s top bank watchdog said crypto stablecoins could amount to private money that might be destabilizing

RABAT, Morocco--(BUSINESS WIRE)--Jun 9, 2023--

Although ITEM Beauty was initially a direct-to-consumer business, in August 2021 it entered into an exclusive collaboration with Sephora

President Joe Biden touted his economic record amid continuing dissatisfaction among Americans with the state of the US economy by saying his policies have proven effective. Mr Biden delivered a fiery speech on Wednesday in Chicago where he sought to flip a term that the Wall Street Journal outlets have used against him--Bidenomics--into a plus. “I didn’t come up with the name,” he said. “I think it’s a plan I’m happy to call Bidenomics.” The president, who is seeking re-election in 2024, said that the US economy has largely recovered from the recession caused by the Covid-19 pandemic and had sought to refute Republican economics. “Guess what? Bidenomics is working,” he said to applause. “When I took office, the pandemic was raging and the economy was reeling. Supply chains were broken. Millions of people were unemployed.” Despite low unemployment, many Americans continue to see inflation as a top priority. A survey from the Pew Research Center last week showed that 52 per cent of Democrats and 77 per cent of Republicans say inflation is still a “very big problem.” Mr Biden sought to soothe those concerns by saying he continues to prioritise lowering prices and noted how inflation is less than half of what it was one year ago. “Bringing down inflation remains one of my top priorities today,” he said. Mr Biden also mentioned the progress that his signature Inflation Reduction Act has made, such as allowing Medicare to negotiate drug prices. “We’ve been trying to get this done for decades and this time we finally beat big pharma for the first time,” he said. Read More Watch as Biden makes statement on economic policy in Chicago Cambodian leader Hun Sen, a huge Facebook fan, says he is jumping ship to Telegram Paul Ryan says Trump is only Republican candidate who would lose to Biden in 2024

BOCA RATON, Fla.--(BUSINESS WIRE)--Oct 24, 2023--

Trading in options on US short-term interest rates heated up before and after May inflation data released Tuesday,

By David Shepardson and Joseph White Ford autoworkers were set to head back to work after the United

The Wisconsin state Assembly is set to approve a plan to spend more than half a billion dollars to help cover repairs at the Milwaukee Brewers' stadium

LOS ANGELES--(BUSINESS WIRE)--Oct 2, 2023--

By late-1923, hyperinflation had rendered Germany’s currency so worthless that one woman used several billion marks of banknotes

China’s central bank foreshadowed a slowdown in credit extension while pledging it would press banks to lower their

Federal Reserve officials were divided at their last meeting as to whether or not another rate hike was needed to slow the economy, according to minutes from the central bank's May policymaking meeting, released Wednesday afternoon.