U.S

Yellen is the first female Treasury Secretary with a signature on the U.S. dollar

Yellen is the first female Treasury Secretary with a signature on the U.S. dollar

Leave a Comment / Economy / By

WASHINGTON — During a recent appearance on “The Late Show With Stephen Colbert,” Treasury Secretary Janet L. Yellen was faced with a tricky question: After nearly two years on the job, why is signing her predecessor, Steven T. Mnuchin, was it still scrawled across national currency? The answer, she explained, was a quirk of coinage …

Yellen is the first female Treasury Secretary with a signature on the U.S. dollar Read More »

Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations

Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations

Leave a Comment / Markets / By

Micromobility operator Spin is exiting 10 U.S. markets due to a combination of weak demand, over-regulation, under-regulation and poor cost structures, according to a company-wide email sent Friday by Philip Reinckens, CEO of Spin, which was shared with TechCrunch. Reinckens said the market exits would help Spin cut costs and focus on growing markets that …

Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations Read More »

The U.S. economy won't collapse under the "weight" of the Fed based on how these sectors perform despite inflation and oil risks

The U.S. economy won’t collapse under the “weight” of the Fed based on how these sectors perform despite inflation and oil risks

Leave a Comment / Economy / By

Investors are trying to read the tea leaves on a choppy U.S. stock market to gauge whether its recent rise can continue after Federal Reserve Chairman Jerome Powell sparked bullish sentiment in late November by indicating that his aggressive stock hikes interest rates could slow. “Stock market management is telling you that the economy is …

The U.S. economy won’t collapse under the “weight” of the Fed based on how these sectors perform despite inflation and oil risks Read More »

Cancer drug company accuses U.S. market makers of stock usurpation

Cancer drug company accuses U.S. market makers of stock usurpation

Leave a Comment / Markets / By

A cancer-focused biotech company has sued eight of America’s biggest traders, including Citadel Securities, Susquehanna and Virtu, alleging they deliberately depressed its stock price by placing sell orders they didn’t have not intend to perform. The lawsuit, filed Thursday by Northwest Biotherapeutics in federal court in New York, alleged that marketers “deliberately engaged in repeated …

Cancer drug company accuses U.S. market makers of stock usurpation Read More »

AMC Networks to slash 20% of its U.S. workforce as cord-cutting, streaming costs and economic jitters wreck media

AMC Networks to slash 20% of its U.S. workforce as cord-cutting, streaming costs and economic jitters wreck media

Leave a Comment / Business / By

A media industry battered by streaming losses, anemic stocks, layoffs and executive turmoil unveiled its latest losses on Tuesday: 20% of AMC Networks’ U.S. staff, or about 200 people, as well as the departure of the CEO Christina Spade. The news follows the equally sudden departure of Bob Chapek last Sunday from Disney after a …

AMC Networks to slash 20% of its U.S. workforce as cord-cutting, streaming costs and economic jitters wreck media Read More »

As railroad strike looms, U.S. industry braces for impact

As railroad strike looms, U.S. industry braces for impact

Leave a Comment / Economy / By

(NewsNation) – American consumers and almost all American industries will be affected if freight trains stop next month. One of the railroad’s largest unions rejected a deal on Monday, joining three others who did not approve the contracts due to concerns about demanding schedules and a lack of paid sick leave. This increases the risk …

As railroad strike looms, U.S. industry braces for impact Read More »

Inflation pushes U.S. household spending up $433 per month on average, Moody's says

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says

Leave a Comment / Economy / By

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average U.S. household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. Although down slightly from the monthly figure …

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says Read More »

U.S. futures flat as traders await Fed minutes: Market wrap-up

U.S. futures flat as traders await Fed minutes: Market wrap-up

Leave a Comment / Business / By

(Bloomberg) – U.S. stock futures and European stocks held steady as investors eagerly awaited the release of policy minutes from the Federal Reserve’s latest meeting for potential signs of a slowing pace of price hikes. rate. Bloomberg’s Most Read Contracts on the S&P 500 rose slightly after the underlying gauge closed at its highest level …

U.S. futures flat as traders await Fed minutes: Market wrap-up Read More »