by Ken Chase | Oct 4, 2023 | Banks, News
On Wednesday, the Democrat-controlled Senate Banking Committee passed the SAFER Banking Act. That paves the way for the cannabis banking bill to move to a floor vote for the first time. Proponents of the legislation have urged its passage to enable cannabis-related...
by Ken Chase | Sep 21, 2023 | Banks, News
On Sunday, September 17, a reported 75,000 climate activists protested In New York City in the “March to End Fossil Fuels.” One day later, hundreds of agitators moved to blockade New York’s Federal Reserve Bank in an act that has been referred to as civil...
by Ken Chase | Sep 20, 2023 | Banks, Market, News
The Bank for International Settlements has just warned global investors about the possibility of continued high interest rates. The BIS cautioned that continued high inflation would likely force the Federal Reserve and other central banks to keep rates at the current...
by Ken Chase | Sep 14, 2023 | News
The Labor Department reported on Wednesday that the nation’s inflation rate had unexpectedly jumped in August. According to officials, the accelerating inflation was prompted in large part by a roughly 10% surge in gas prices last month. Overall consumer prices...
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 | Sep 2, 2023 | News
The Commerce Department released new numbers on inflation today that showed price hikes continue unabated. According to that report, core personal consumption expenditures rose by 0.2% in July. Meanwhile, consumer prices overall rose 3.3% year-over-year, up from the...
