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The Fed and the stock market are set for a showdown this week. What’s at stake.

The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner.

By |2023-01-29T15:50:19-05:00January 29th, 2023|Economy|0 Comments

U.S. Poised to Grant Chevron License to Pump Oil in Venezuela

The U.S. is poised to grant a license to Chevron Corp. CVX 0.27%increase; green up pointing triangle to pump oil in Venezuela, a policy shift that signals the easing of yearslong sanctions and could open the door for other oil companies to do business there.

By |2023-01-15T16:34:43-05:00January 15th, 2023|Economy|0 Comments

The price tag for COVID school closures that led to historic learning losses for kids could top $28 trillion

Add one more grim figure to the toll exacted by disastrous COVID-era school closures: a huge penalty to the lifetime earnings of students forced to suffer through remote schooling, totaling possibly as much as $28 trillion (more than the nation’s entire GDP) over the remainder of the 21st century.

By |2023-01-02T11:43:16-05:00January 2nd, 2023|Economy|0 Comments

Where Was Biden’s SEC Sheriff on Sam Bankman-Fried?

Securities and Exchange Commission Chairman Gary Gensler is trying to spin the FTX blow-up as a cautionary tale about the crypto “wild West.” But where was the SEC sheriff when Sam Bankman-Fried was funneling FTX customers’ funds to his Alameda Research trading house to finance risky bets and a lavish lifestyle?

By |2022-12-18T18:39:44-05:00December 18th, 2022|Economy|0 Comments
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