The Federal Reserve warned Friday that tighter U.S. credit conditions following a spate of bank failures in the spring could hinder economic growth this year.  In its semi-annual monetary report to Congress, the central bank noted that bank lending conditions have “tightened notably” over the past year due to the…

Several Republican 2024 presidential hopefuls criticized Donald Trump Sunday as the former president faces 37 federal counts for allegedly hoarding documents after he left the White House.Trump has lashed out at his critics — including members of his former staff — in the wake of his indictment, calling his former…

Every small child gets anxious sometimes. But when your kid is panicking, there’s a common two-word phrase you should never utter: Calm down.That’s according to Rachel Romer, CEO and co-founder of education assistance benefits company Guild, who’s a mom to two children. For kids especially, she says, calmness is best…

More employers than ever are observing Juneteenth, which commemorates the end of slavery in the US. Almost 40% of US employers now provide Juneteenth as a paid holiday, a significant increase from just 9% two years ago, according to data from HR consulting firm Mercer. Juneteenth is observed on June…

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Binance-branded BUSD stablecoin has lost another $1 billion in market cap, descending to the fourth position among stablecoins.The Binance USD (BUSD) stablecoin currently has a market cap of around $4.3 billion, down from $5.5 billion a month ago, data by CoinMarketCap shows.This places BUSD in fourth position among stablecoins and right behind decentralized…

Right now, as investors get back into risk-taking mode, the market is suddenly re-discovering a lot of downtrodden tech stocks that were trading at underwater valuations far below their intrinsic worths. This group of stocks has been among the biggest rebounders over the past few weeks, and in my view,…

The writer is chair of Rockefeller InternationalIn 2010, amid the global boom in billionaire fortunes, I began combing the annual Forbes list for clues to which countries were most vulnerable to anti-rich populist revolts. When I last published the results in 2021, warnings were flashing red for France, where billionaire…

Esper: ‘I’m not surprised’ China spying on US from Cuba Former Defense Secretary Mark Esper tells CNN’s Jake Tapper that “we shouldn’t be surprised” China has spy facilities in Cuba, calling it part of China’s effort to “gain dominance over the United States.” Read the full article here

Even with U.S. stocks in a new bull market, investors aren’t showing many signs of backing away from money-market funds and other cash-like investments offering yields of about 5%, the highest in about 15 years. Money-market funds hit a record of $5.9 trillion in assets as of Tuesday, signaling a…