Historical data show that the Fed never responded to a crisis on time - Burns let inflation go, Greenspan ignored bubbles, Bernanke misjudged subprime mortgages. Now that Powell insists on "staying put", will he become a "late arrival" again? Click to see...
Dave Portnoy, the founder of Barstool Sports, appears to have mistakenly invested nearly $170,000 in a random LIBRA token - not the controversial token linked to Argentine President Millai. Portnoy bought nearly $170,000 of illiquid LIBRA tokens, causing their price to skyrocket by more than 3,000%. The LIBRA tokens he bought had a different contract address than those associated with Milay in recent days. If Portnoy sells his holdings of random LIBRA tokens at the current price, he will lose mo...
On the eve of the November CPI data, a new report says the leadership of the US Bureau of Labor Statistics is responsible for a series of missteps this year that have put the agency under scrutiny. However, the report, produced by a team of government and private sector experts, said none of the incidents were related to the quality or accuracy of the agency's core data work. It added that no underlying motive for dishonesty or bad faith was found. Previously, the US CPI leaked early in April. I...
President Biden has said that raising tariffs would be a major mistake.
Israeli Finance Minister: Hezbollah's firing on Israel was a "grave mistake" and Israel must respond with a "strong response".