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Economy

Who is eligible for Biden’s student loan debt forgiveness?

August 24, 2022
After months of rumor and speculation, President Joe Biden announced the details on a broad vision for student loan debt repayment and debt cancellation on Wednesday. Through an
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Economy

U.S. wholesale inflation fell in July for 1st time in 2 years

August 11, 2022
WASHINGTON — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the
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Economy

Powell expects a quarter-point Fed rate hike this month – The Denver Post

March 2, 2022
By CHRISTOPHER RUGABER WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the
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Economy

Dow drops 1,000 points as markets extend slide in 2022 – The Denver Post

January 24, 2022
By DAMIAN J. TROISE NEW YORK (AP) — The Dow Jones Industrial Average dropped more than 1,000 points Monday as financial markets buckled in anticipation of inflation-fighting measures
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Economy

Fed’s Powell: High inflation poses a threat to job market

January 11, 2022
WASHINGTON — Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed
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Economy

Binance among firms stymied by Singapore's money-laundering rules

December 17, 2021
SINGAPORE (BLOOMBERG) – Binance Asia Services, which recently withdrew an application to offer cryptocurrency services in Singapore, did not meet the central bank’s criteria for safeguarding against money laundering
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Economy

US dollar near one-week high amid hawkish Fed hopes, Omicron fears

December 14, 2021
TOKYO (REUTERS) – The United States dollar traded near a one-week high versus a basket of major rivals on Tuesday (Dec 14), supported by expectations of a hawkish
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Economy

Beijing's bid to rival US as debt haven at risk after crackdowns

December 11, 2021
(BLOOMBERG) – To a world full of fixed-income investors starved of safe assets with attractive yields, China’s government bonds had become a tempting sight in recent years. However,
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Economy

Vanishing ships underscore supply woes, crisis peak may be a mirage

December 10, 2021
LONDON (BLOOMBERG) – A line of more than 80 container ships waiting to dock at the ports of Los Angeles and Long Beach, California, was cut in half
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Economy

MAS warns Singapore households on rising mortgage debt ahead of potential interest rate hikes

December 6, 2021
SINGAPORE – Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a buoyant property market. Hence, households must carefully assess
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