by Ken Chase | May 25, 2023 | Financial, News
The Federal Reserve released its 2022 Survey of Household Economics and Decision Making (SHED) findings on Monday. That report confirmed what many analysts had already recognized: recent inflationary pressures have devastated many Americans’ financial health. The...
by Ken Chase | May 16, 2023 | Financial, News, Uncategorized
With negotiations on the U.S. debt ceiling crisis seemingly in limbo, JPMorgan Chase is conducting weekly meetings to address the crisis. JPMorgan Chase CEO Jamie Dimon told Reuters that the bank’s “war room” could move to daily meetings if officials fail to find a...
by Ken Chase | Mar 24, 2023 | Financial, News
Estimated reading time: 2 minutes Federal Reserve Chair Jerome Powell announced yet another interest rate hike during a press conference on Wednesday. That announcement has been largely credited for a drop in the Dow Jones, as stocks plunged by more than 500 points....
by Ken Chase | Feb 27, 2023 | Financial, News
The United States Supreme Court has agreed to consider a case involving the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) funding structure. The justices confirmed on Monday that they will hear arguments when the court’s next term begins in...
by Ken Chase | Jan 26, 2023 | Banks, Financial
Several of the largest banks in the United States are under increasing pressure to eliminate financing for so-called “fossil fuel” projects, according to a new report from Bloomberg. A recent statement from the Interfaith Center on Corporate Responsibility demands...
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...
