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Inflation and recession dominate outlook, increase risk of accidents

Inflation and recession dominate outlook, increase risk of accidents

© Reuters. Figurines are seen in front of displayed stock graph and word “Inflation” in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration By Davide Barbuscia NEW YORK (Reuters) – Central banks’ focus on fighting persistently high inflation could lead to a recession over the next two years and raise the risk of ‘financial accidents’,…

An upset: Chris West defeats Jeremy Hunt in Georgia’s 2nd Congressional runoff

An upset: Chris West defeats Jeremy Hunt in Georgia’s 2nd Congressional runoff

Thomasville attorney Chris West won the Republican nomination in Georgia’s 2nd Congressional District, defeating former U.S. Army captain and Yale Law student Jeremy Hunt in Tuesday’s runoff election.With an estimated 98% of the vote in, West leads Hunt 14,608-13,853. Hunt conceded just before 10:20 p.m. but did not mention West by name in his speech.“We’re…

Biden appoints first Native woman as U.S. Treasurer, with signature on money

Biden appoints first Native woman as U.S. Treasurer, with signature on money

© Reuters. FILE PHOTO: The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File Photo By David Lawder ROSEBUD, South Dakota (Reuters) – U.S. President Joe Biden on Tuesday announced his intention to appoint Mohegan Indian Tribe Lifetime Chief Marilynn Malerba as U.S. Treasurer, marking the first time a Native woman’s signature…

Elon Musk Says U.S. Recession Is ‘Inevitable,’ More Likely In The Near-Term

Elon Musk Says U.S. Recession Is ‘Inevitable,’ More Likely In The Near-Term

Share to FacebookShare to TwitterShare to LinkedinTopline Tesla CEO and billionaire Elon Musk said the U.S. economy will likely face a recession in the near term in an interview with Bloomberg on Tuesday, echoing concerns raised by several other top business leaders and financial institutions following the Federal Reserve’s recent, steeper-than-expected hike in key interest…

U.S. Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

U.S. Treasury’s new tribal office takes aim at tax, finance inequities -Yellen

© Reuters. U.S. Treasury Secretary Janet Yellen testifies before a Senate Finance Commmittee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, U.S., June 7, 2022. REUTERS/Evelyn Hockstein By David Lawder ROSEBUD, South Dakota (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday the department’s new Office of Tribal and Native Affairs will…

the street news image

Stock Market Today

Updated at 10:09 am EST U.S. stocks rebounded firmly Tuesday, following on from the worst week on Wall Street in more than two years, as investors eased back into risk markets despite persistent concerns over growth and inflation and fears of a near-term recession. The U.S. dollar index, which tracks the greenback against a basket…

Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

Crypto lender Babel Finance wins debt repayment reprieve after withdrawal freeze

© Reuters. A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity. Cryptocurrency valuations have…

Japan Finance Minister says to respond to FX moves appropriately if necessary

Japan Finance Minister says to respond to FX moves appropriately if necessary

© Reuters. FILE PHOTO: Japan’s new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, speaks at a news conference in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned about recent sharp yen weakening and would appropriately respond…