The high-wire act over the debt ceiling in Washington has come to a successful conclusion. However, the financial system in the United States now faces a new test. The US Treasury is expected to borrow nearly $1tn in the form of short-dated Treasury bills in the next few months to replenish its cash balance. The … Read more
Michael Pettis, a senior fellow at the Carnegie-China centre, challenges the claim that the US dollar is just another reserve currency that will eventually be replaced by one or more currencies. He argues that the role of the US dollar in the global trade and capital flows is unique due to the unprecedented role played … Read more
Bankrate’s job seeker survey revealed that although one-third of employed Americans are worried about job security, they are also the most likely to take career actions, such as negotiating for more flexibility, asking for a raise, or searching for a new job. The survey found that 88% of workers concerned about job security are likely … Read more
Japanese Prime Minister Fumio Kishida arrived for a meeting with Laos’ President Thongloun Sisoulith at the Prime Minister’s Office in Tokyo, Japan on Thursday, May 25, 2023. The government of Kishida is committed to prioritizing the economy over fiscal reform, as stated in its draft mid-year policy framework, while also signaling an end to crisis-mode … Read more
Walgreens has reached a tentative settlement with consumers who took faulty Theranos blood tests, according to a court document filed Monday. The proposed settlement agreement will be filed in about three weeks, according to the court document. The details of the agreement are not known. In 2017, a class-action lawsuit was filed against Walgreens and … Read more
1/3 A slight decrease in the rate on a 30-year mortgage was not enough to encourage new applications for a loan to buy a home, the Mortgage Bankers Association said. File Photo by Alexis C. Glenn/UPI | License Photo June 7 (UPI) — Though mortgage rates declined from week-ago levels, total applications are still about … Read more
According to court documents filed by Yintao “Roger” Yu, a former executive at ByteDance, the parent company of TikTok, Chinese Communist Party officials had access to a “god credential” on the social media platform that allowed them to track pro-democracy protesters and civil rights activists in Hong Kong. The court filing alleges that CCP officials … Read more
Whitney Edwards holds two master’s degrees in leadership, which proved to be vital in her first year as a college basketball coach. Despite the pandemic’s difficult circumstances, the 36-year-old coach of College of Saint Rose faced the Northeast-10 Conference’s cancellation of all conference competitions in December. To salvage the situation, Saint Rose organized a brief … Read more
A seagull flies before the lower Manhattan skyline during heavy smog in New York on June 6, 2023. Ed Jones | AFP | Getty Images The Federal Aviation Administration on Wednesday halted flights bound for New York’s LaGuardia Airport as smoke from Canada’s wildfires cut visibility in the area. “The FAA has taken steps to … Read more
The Orange County Board of Supervisors Tuesday narrowly approved a new policy to fly only the federal, state and county flags on county property. The move came after a failed effort by Supervisors Katrina Foley and Vince Sarmiento backing a proclamation in support of Pride Month to honor the LGBTQ community. The supervisors voted 3-2 … Read more