by Ken Chase | Nov 1, 2023 | Business, News
Data released this week showed that the U.S. economy continues to demonstrate resilience. According to estimates from the Commerce Department, U.S. third-quarter GDP grew at an annualized 4.9% pace. That’s the fastest rate of growth the economy has enjoyed in almost...
by Ken Chase | Oct 19, 2023 | Business, News
Despite ongoing concerns about a slowing U.S. economy, consumer spending continues to show signs of strength. Indeed, a report released by the Commerce Department showed retail sales rose by 0.7% from August to September. Moreover, those sales were an increase of 3.8%...
by Ken Chase | Sep 5, 2023 | Business, News
The U.S. Bureau of Labor Statistics released the August jobs report on Friday, reporting that the economy created an estimated 187,000 new jobs last month. Economists had been expecting that number to be around 170,000 jobs. Meanwhile, the unemployment rate rose to...
by Ken Chase | May 5, 2023 | Banks, Business, News
The Federal Deposit Insurance Corporation (FDIC) recently released an overview of the nation’s deposit insurance system. That report, Options for Deposit Insurance Reform, includes proposed options for expanded deposit insurance. It arrives in the wake of several...
by Brian Pillmore | Dec 9, 2022 | Banks, Business, News
By: Ken Chase Estimated reading time: 2 minutes The U.S. Department of Justice recently called on banks and other companies to be more proactive about reporting their misconduct, promising a variety of incentives to those who do more to self-report their misdeeds. A...
by Brian Pillmore | Dec 9, 2022 | Banks, Business, Financial, News
By: Ken Chase Estimated reading time: 2 minutes U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly 2% reduction in its workforce. According to reports, the cuts were broad-based and impacted nearly every...
