Ramsey Solutions founder David Ramsey addresses skyrocketing consumer credit card debt on “Cavuto: Coast to Coast.” Americans’ credit card debt is sitting at an incredible $887 billion as of June 2022, according to recent data from the Federal Reserve Bank of New York. That is an increase of about 5.5% […]
Business
Big businesses trumpet ESG credentials. Scrutiny is on the rise
As the 2020s progress, discussions about climate change, the environment and issues related to equality and diversity are at the forefront of many people’s minds. The corporate world is no exception, with banks, energy producers and a host of other major businesses keen to trumpet their sustainability credentials through advertisements, […]
New York AG sues Trump and 3 of his children for business fraud
New York state Attorney General Letitia James on Wednesday announced she is suing former President Donald Trump and three of his children for fraud stemming from her long-running civil investigation into the Trump Organization’s business dealings. “I am announcing today that we are filing a lawsuit against Donald Trump for […]
Fed raises interest rates by three-quarters of a percentage point
With the Fed’s latest rate hike, the “pain” that Chair Powell has been warning about will take many forms, including job losses, which the central bank chief euphemistically calls “softening in the labor market.” Critics such as Senator Elizabeth Warren have repeatedly called out the risk of raising unemployment, which […]
‘The U.S. economy today is a classic tale of two cities’
As megabank CEOs attended their annual congressional hearings for day one of two on Wednesday, remarks on the U.S. economy permeated usual discussions around regulatory issues such as compliance and consumer protection this year. JPMorgan Chief Jamie Dimon said he hoped a soft landing was still a possibility for the […]
Federal Reserve goes big with third three-quarter-point interest rate hike
Washington, DC CNN Business — The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle the white-hot inflation that has been plaguing the US economy. The supersized hike, which was unfathomable by markets just months ago, takes the central bank’s benchmark […]