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Business
170 posts
Saudi Arabia and Russia are Cutting Oil Supply Again in Bid to Boost Prices
Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in…
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…
Federal Reserve Aware of Silicon Valley Bank’s Risky Practices Over a Year Before Collapse: Report
Silicon Valley Bank's collapse is likely to spark a push for stricter financial oversight.