The U.S. government will have to default on some payments if Congress fails to raise the national debt ceiling before June, Treasury Secretary Janet Yellen said. “If Congress fails to do that, it really impairs our credit rating. We have to default on some obligation, whether it’s Treasuries or payments to Social Security recipients,” Yellen…
US ‘Has to Default’ on Something If Debt Ceiling Isn’t Raised Before Deadline: Yellen
May 14, 2023
admin
Business & Marketsdebt ceilingeconomic policieseconomyExecutive BranchinflationJanet YellenJoe BidenPolicies & ImpactsPoliticsUSUS News
0 Comment
Jay Powell: Anti-Hero
Commentary If you’re looking for a spirited argument in favor of preserving and perpetuating the independence of a central bank from political pressures and the whims of the mob, you won’t find better than the words of none other than Federal Reserve Chairman Jerome Powell. “Long experience, in the United States and in other advanced…
New Twitter CEO Posts First Tweet After Appointment
Linda Yaccarino, Twitter’s new CEO, has posted her first tweet following her appointment, saying she is “committed” to the company’s future even as many on the platform remain concerned that Yaccarino will seek to limit free speech. “Thank you @elonmusk! I’ve long been inspired by your vision to create a brighter future. I’m excited to…
Chinese Owner of Temu Moves HQ to Ireland as Consumers Increasingly Wary of China
May 14, 2023
admin
Asia & PacificBusiness & MarketsChina Business & EconomyChina NewsChinese RegimeCompaniesDublinEuropeGlobal ExpansionInfiltrating the WestIrelandPDD holdingsPinduoduoShanghaisocial controlSocial IssuesSpecial TopicsTemuTikTokUS-China relationsWorld
0 Comment
Chinese e-commerce giant PDD Holdings, which owns Temu, has moved its official headquarters from China to Ireland in recent days. As aggression from communist China continues to inflame tensions with the West and liberal democratic nations, more and more Chinese companies are trying to downplay their China-ties amid increasing aversion to the Chinese Communist Party…
74 Million Tourists Visited Orlando, Florida, Almost Reaching Pre-Pandemic Levels
More than 74 million visitors came to the Orlando, Florida, area last year, Visit Orlando, the official tourism association for Orlando, said Thursday. This puts Orland0 at 98 percent of pre-pandemic levels. The number of tourists was 25 percent greater than it was in 2021 when central Florida was still recovering from the blows to tourism…
Big Banks to Pay Billions More in FDIC Fees After Bank Failures
Big banks in the United States will bear billions of dollars in extra fees to replenish a deposit insurance fund that was used to bail out banks in March, the Federal Deposit Insurance Corporation (FDIC) said on Thursday. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank impacted the deposit insurance fund (DIF)…
Airbag Risks: GM Recalls Almost 1 Million US Vehicles
General Motors has announced a recall of nearly a million vehicles in the United States after a potentially dangerous defect in their airbags came to light. The May 10 recall covers 994,763 vehicles manufactured by GM. This includes 244,304 Buick Enclave 2014-2017 model vehicles, 457,316 Chevrolet Traverse 2014-2017 models, and 293,143 GMC Acadia 2014-2017 vehicles. “In…
US Wholesale Price Data for April Points to Easing Inflation Pressures
WASHINGTON—Wholesale prices in the United States rose modestly last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates. From March to April, the government’s producer price index rose just 0.2 percent after falling 0.4 percent from February…
Illegal Immigration a ‘Serious Problem’: Analysis of Its Economic Impact
The United States on Friday ended Title 42, a COVID-19 border restriction that had blocked many migrants at the border with Mexico, immediately replacing it with a sweeping new asylum regulation meant to deter illegal crossings. What would be the economic impact of an influx of illegal immigrants into the United States? NTD spoke to…
AI Stocks Prevented S&P 500 Being in the Red: SocGen Analyst
The hype over artificial intelligence has resulted in a positive performance in the U.S. stock market this year, says a Societe Generale analyst. “The AI boom and hype is strong,” London-based Manish Kabra, a strategist at the financial services company, said in a note on Friday, according to Bloomberg. “So strong that without the AI-popular stocks, S&P…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta