Browsing Tag
Economy
22 posts
Number of Americans Citing ‘Hardship’ from Inflation Rises, Particularly Among Middle Class
The majority of Americans say inflation is causing them financial hardship, according to a new poll. While the…
China Taunts Biden Administration Over Ukraine Arms Sales, High Inflation
U.S. officials have expressed concern about reports that Russia has requested military and economic support from China
Sanctions-Savaged Russia Teeters on Brink of Historic Default
A Russian government debt default was unthinkable until what Putin called a "special military operation" in Ukraine began in late February.
Treasury Secretary Predicts Whole Year Of ‘Very Uncomfortably High’ Inflation
Yellen noted that because both Russia and Ukraine are major wheat producers, the world has seen an impact on food prices amid the invasion, as well as a "very meaningful increase" in gas prices.
Biden Signs Order on Cryptocurrency as Its Use Explodes
The action comes as lawmakers and administration officials are increasingly voicing concern that Russia may be using cryptocurrency to avoid the impact of sanctions imposed on its banks, oligarchs and oil industry due to the invasion of Ukraine.
Kherson Mayor Indicates First Major Ukrainian City has Fallen
Kherson's Mayor Ihor Kolykhaiev has said that the Ukrainian military is no longer in the city and that…
Ukrainians, Russians Turn to Bitcoin as Sanctions, Invasion Roil Finances
Bitcoin is up more than 25 percent in the past week and was sitting at about $43,800 on Wednesday afternoon.
5 Ways Vladimir Putin’s Invasion of Ukraine Has Affected the Global Economy
The Russian currency has now become worth less than one cent
Western Allies Agree to Expel Some Russian Banks from SWIFT Payments System
The commitments agreed to by the U.S., EU, France, Germany, Italy, U.K. and Canada on Saturday fall into five main categories, according to a joint statement.
What Is Swift and Why Does It Matter in The Ukraine-Russia Crisis?
The US and EU have agreed to remove "selected Russian banks" from the global financial messaging system Swift. Learn what it is and why Russia's expulsion matters.