UBS Faces US DOJ Probe Over Sanctions Violations
UBS saw a sharp drop in its share price following a Bloomberg report about an expanding investigation by the US Department of Justice (DOJ) into…
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Evergrande Crisis Deepens
Shares of Evergrande Group experienced another sharp decline on Wednesday, raising concerns about the possibility of the company’s liquidation. Evergrande, once a symbol of China’s…
US Government Shutdown Threatens Credit Rating
Moody’s Investors Service has issued a warning that the United States’ credit rating could face pressure if the government experiences a shutdown. According to a…
Job Security in Auto Workers’ Strike
In the midst of the United Auto Workers (UAW) strike against General Motors, Ford, and Stellantis, job security takes center stage. While wages and benefits…
Soft Landing: Defeating Inflation Challenges
US inflation is now much slower than last summer’s red-hot pace, but achieving a “soft landing” and drifting all the way down to the Federal…
Loan Approval Challenges: Tightened Standards
Cheryl Magnusson and her husband wanted to borrow money for a home renovation project earlier this year. They didn’t expect an arduous process. She said…
Exploring High-Yield Investment Options
Even though the Federal Reserve didn’t hike its benchmark interest rate on Wednesday, it didn’t lower its high-yield either. So it remains at its highest…
Understanding the FedWatch Tool
At any given moment, if you want to know what the Federal Reserve is most likely to do at any of its meetings through the…
Gas Prices Surge: Challenges for the Fed
Gas prices are surging once again in the United States, with the West Coast, particularly California, feeling the pinch. The average gas price in California…
Government Shutdown ‘s Impact on Economic Data
In the event of a US government shutdown, vital economic data, including inflation and unemployment figures, would cease to be released, leaving investors and the…