Tag: economic policies

America’s Banking Regulators Have Failed

April 2, 2023
algorithm technologyArchivedbankbank crisisbank regulationsBusiness & MarketsBusiness Columnistseconomic policieseconomyInvestmentliquidity riskpersonal financePolicies & ImpactsSilicon Valley BankSocial IssuesUS
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Commentary March 28 hearings on bank regulation exposed the shortfall of federal regulation. The hearings came in the wake of the Silicon Valley Bank (SVB) failure and the stresses on other banks, like Signature and Republic.  To put it frankly, the hearings exposed our regulators appear to be virtually useless. Among things we learned last week:…

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Biden Admin Identifies Key Areas in Clean Energy Acceleration Roadmap

April 1, 2023
bidenBusiness & Marketsclean energyeconomic policiesExecutive Branchhydrogenlong-duration storageNuclearPolicies & ImpactsPoliticsUSUS News
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The Department of Energy (DOE) identified three targeted areas in a clean energy technologies roadmap. In a series of “Pathways to Commercial Liftoff” reports released on March 21, the Biden administration listed clean hydrogen, long-duration energy storage, and advanced nuclear as the key technologies to attain Biden’s emission elimination plan. The Biden administration wants to…

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European Country Becomes the First to Veer Away From Lab Meat and Insects

March 31, 2023
Business & Marketscultivated meateating insectseconomic policiesEuropeGiorgia MeloniHealth & Safetylab meatLifestylesynthetic foodWorld
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Italy’s government approved a bill on Tuesday banning the production and use of lab-manufactured food and animal feed, as the nation attempts to preserve Italian food heritage and steer away from synthetic choices. “A battle of civilizations. In defense of citizens’ health, of our production model, of our quality, of our culture, simply our food…

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The Federal Reserve Has Only Limited Tools for Monetary Policy

March 31, 2023
Business & MarketsBusiness Columnistseconomic policieseconomyFederal Reserve (Fed)inflationInvestmentMarketsmonetary policyMonetary Policy Committeestocks
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Commentary Recent turmoil in the banking sector has focused attention on the role of central banks, both in economies and in bank supervision and control.  This will discuss central banks, like the U.S. Federal Reserve, and some of the tools they use to implement their policies, which can be opaque to the average person. First,…

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Barclays Warns of ‘Second Wave’ of Deposit Outflows as ‘Sleepy’ Depositors Awake and Run for Exits

March 31, 2023
BarclaysBusiness & MarketsCompaniesdeposit outflowseconomic policieseconomyInvestmentMarketsUSUS News
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After a month of uncertainty, Barclays warned that a “second wave” of deposit outflows is increasingly likely, a sign that the latest banking crisis is far from over. The collapse of Silicon Valley Bank (SVB) and Signature Bank forced federal regulators to rush to backstop the banking system, which calmed market fears in the short…

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Wall Street Opens Higher as Inflation Data Boosts Softer Fed Policy Hopes

March 31, 2023
Business & Marketseconomic policieseconomyMarketsstocksUS
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Wall Street’s main indexes opened higher on Friday after data showed inflation slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. The Dow Jones Industrial Average rose 42.93 points, or 0.13 percent, at the open to 32,901.96. The S&P 500 opened higher by 5.35 points, or 0.13 percent, at…

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World Bank Says Economic Recoveries in East Asia Are Losing Steam

March 31, 2023
Asia & PacificBusiness & MarketsChinaCompanieseast asiaeconomic policiesEconomieseconomyinflationMarketsrecessionWorldWorld Bank
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The World Bank said that Asian economies are beginning to lose steam after making a recovery from the pandemic. The smaller economies in East Asia, which have largely regained their pandemic-era losses, are now facing a stalled recovery as productivity begins to lag, according to a World Bank report from March 31. Across the Asia-Pacific…

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Shares and Bonds Ride High After Soothing Eurozone Data

March 31, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Share markets pushed for a fifth straight day of gains on Friday and bonds headed for their best month since 2008, as a record monthly drop in the eurozone’s inflation rate raised investors’ expectations for similar U.S. data later in the day. With an action-packed first quarter also drawing to a close world stocks were…

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Euro Rises as Eurozone Countries Report Inflation Data

March 31, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON/SINGAPORE—The euro was set for its best week since mid January on Friday ahead of inflation data that will shape the ECB’s interest rate plans, while investor expectations U.S. rates are near peaking meant the dollar headed for a second consecutive quarterly loss. The European common currency was at $1.0883, down 0.2 percent on the…

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Oil Dips, Set for Monthly Drop, Ahead of Key US Inflation Data

March 31, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar. Brent futures, which have risen nearly 5 percent this week, were down 63 cents, or 0.8 percent, at $78.64…

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