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New York Fed: U.S. Credit Card Debt Passed $1 Trillion for First Time
For the first time since it began keeping records, the Federal Reserve Bank of New York said Tuesday…
Oil Prices Rally in Response to Production Cut Extension in Saudi Arabia
The Ministry of Energy in the Saudi government said Thursday it would extend a voluntary production cut of…
Fitch Cuts U.S. Credit Rating to AA+; Treasury Calls it ‘Arbitrary’
Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry…
Morgan Stanley Cuts Israel Sovereign Credit to “Dislike Stance” After Judiciary Changes
Morgan Stanley cut Israel sovereign credit to a "dislike stance" on Tuesday after the country's parliament passed the…
China’s Economy Fails to Rebound Following Pandemic Tumble
By: Will Kessler, Daily Caller News Foundation China’s economic growth slowed in the second quarter of 2023 as…
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…