The swift demise of Silicon Valley Bank (SVB) has raised serious concerns about the bank’s management and, more importantly, the failure of oversight. These issues were highlighted during Wednesday’s hearing of the Oversight Subcommittee on Health Care and Financial Services, where Chairwoman Lisa McClain (R-Mich.) expressed her apprehensions. “The speed that it failed raised immediate…

The price of gold surged to $2,020 per ounce on Tuesday, driven by the recent banking scares and concerns over rising inflation. This marks the third time in history that the precious metal has pierced the $2,000 level; the first was in August 2020, when gold reached its all-time high of $2,075 per ounce. Experts…

The price of gold surged to $2,020 per ounce on Tuesday, driven by the recent banking scares and concerns over rising inflation. This marks the third time in history that the precious metal has pierced the $2,000 level; the first was in August 2020, when gold reached its all-time high of $2,075 per ounce. Experts…

Financial regulators came under scrutiny over what congressional members see as misplaced priorities ahead of the collapse of Silicon Valley Bank (SVB). In a hearing on Wednesday, House Financial Services Committee chair Patrick McHenry (R-N.C.) chastised Federal Reserve vice chair for supervision Michael Barr for making time “to start a review of climate risks in…

TikTok’s CEO was grilled by lawmakers from both parties in a high profile hearing today. What did lawmakers ask, and did the CEO in any way convince them? U.S. banks losing deposits, especially after the bank collapses this month. How much did the most vulnerable banks likely lose? How does the government’s effort to support…

TikTok’s CEO was grilled by lawmakers from both parties in a high-profile hearing Thursday. What did lawmakers ask, and did the CEO in any way convince them? U.S. banks are losing deposits, especially after the bank collapses this month. How much did the most vulnerable banks likely lose? How does the government’s effort to support…

The cryptocurrency world is rapidly evolving, with new developments emerging almost daily. However, America is in danger of falling behind its global competitors, according to Coinbase Chief Legal Officer Paul Grewal.  During Thursday’s hearing of the House Subcommittee on Digital Assets, Financial Technology, and Inclusion, Grewal emphasized the importance of the crypto industry while accusing…

As tensions keep rising between the United States and China, what if there’s an economic war? What means would both countries use, and who would have the upper hand? Epoch Times reporter Liam Cosgrove hosted a debate between two well-known names in macroeconomics, Peter Schiff, chief economist at Euro Pacific Asset Management, and Brent Johnson,…

Hoping to deter the Chinese Communist Party (CCP) from invading the neighboring self-ruled island of Taiwan, the U.S. House Financial Services Committee has approved several pieces of legislation that would impose economic restrictions on CCP officials and influence international bodies to put pressure on China. Of the seven bills that pertained to China and Taiwan…

Hoping to deter the Chinese Communist Party (CCP) from invading the neighboring self-ruled island of Taiwan, the U.S. House Financial Services Committee has approved several pieces of legislation that would impose economic restrictions on CCP officials and influence international bodies to put pressure on China. Of the seven bills that pertained to China and Taiwan…