Federal Reserve: Losses Exceed $100 Billion
The Federal Reserve disclosed on Thursday that its losses have surpassed the $100 billion milestone, marking a significant financial setback. Analysts speculate that this figure
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GM Defends Position in Ongoing UAW Strike
In the midst of the ongoing United Auto Workers (UAW) strike, General Motors (GM) CEO Mary Barra staunchly defended the company’s position, emphasizing their efforts
Rising Gas Prices Pose Challenge to US Economy
Despite a string of positive economic indicators in August, Federal Reserve Chair Jerome Powell is now cautioning that a robust US consumer base could necessitate
Auto Insurance Premiums Surge Amidst Inflation Pressures
Inflationary pressures coupled with soaring insurance premiums have pushed a growing number of drivers to forgo auto insurance, reveals recent data from J.D. Power. The
Instacart Revises IPO Terms, Aims for $10 Billion Valuation
Grocery delivery service Instacart made a significant move on Friday, revising its initial public offering (IPO) terms in response to strong investor demand. The company
Tensions Rise as US Government Shutdown Threat Grows
Congress concluded a tumultuous week marked by political strife, leaving the US government on the brink of a potential government shutdown. The atmosphere grew increasingly
Economists Anticipate Federal Reserve Interest Rate Hike
Economists surveyed by Bloomberg News anticipate that the Federal Reserve will enact one additional interest-rate hike in the current year, with rates poised to remain
“iPhone 12 Software Update Eases Radiation Fears in France
Apple has taken a significant step to address concerns over radiation levels in their iPhone 12 models in France. The tech giant announced on Friday
September Sees Decline in US Consumer Sentiment
US consumer sentiment saw a slight decline for the second consecutive month in September 2021, as reported by the University of Michigan’s preliminary reading of
UAW Launches “Stand Up” Strike Against Big Three Automakers
The United Auto Workers (UAW) union initiated a widespread strike across all Big Three automakers on Friday, employing a novel “stand up” strategy, after the
