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Wheat Prices Jump Following Collapse of Major Dam in Southern Ukraine
Global prices for wheat and corn soared Tuesday after a major dam in Ukraine collapsed, renewing market fears…
Saudi Arabia is Slashing Oil Supply, it Could Mean Higher Gas Prices for U.S. Drivers
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to…
U.S. Now Spends More Servicing its Debt than on National Defense
By: Mark Cudmore, Bloomberg Markets Thanks to rising yields, the US government now has to spend more each…
E.U. Adopts New Laws to Regulate Cryptocurrency Transactions
The European Council on Tuesday formally adopted a pair of rules designed to regulate the cryptocurrency market. The…
FDIC to Slap Banks with New Fees to Cover Bailout Losses: Report
By: Jason Cohen, Daily Caller News Foundation The Federal Deposit Insurance Corporation (FDIC) plans to release a proposal…
IBM to Pause Hiring for Positions That Can Be Replaced By AI
IBM's Deep Blue chess computer made history in 1997 when it became the first machine to beat a reigning world chess champion.
China Ditches U.S. Dollars in New Brazil Agreement, Settles 1st LNG Trade in Yuan
China and Brazil signed an agreement on March 29 that would abandon the U.S. dollar and carry out…
Janet Yellen Says More Bank Bailouts Could be Coming
By: Casey Harper U.S. Treasury Secretary Janet Yellen said Tuesday that more bank bailouts could be coming. Yellen…
Interest Payments on National Debt Will Exceed Defense Spending This Decade, CBO Says
By: Casey Harper The cost of interest payments on the national debt will continue to grow as a…
Chinese Refining Giants Resume Purchases of Russia’s Flagship Crude
After a brief hiatus around the time the EU embargo and the G7 price cap on Russian crude…