Bills are bankrupting Americans

Bills are bankrupting Americans

The widespread costs and expenses of a health crisis are pushing many Americans into financial trouble, a new study has found. What You Should Know According to a new study by the financial services company JG Wentworth, conducted in February 2026 and evaluating 1,421 adults in the US, almost half of each person’s bankruptcy is … Read more

Fed Chair Powell Warns: Another Supply Chain Scare Is Coming

Fed Chair Powell Warns: Another Supply Chain Scare Is Coming

The SPDR S&P 500 ETF (SPY) is down 7% year-to-date through March 30, 2026, while the VIX rose to 30.61 as energy shocks driven by WTI crude oil above $100 a barrel threaten to reverse inflation. Core PCE inflation reached 128.394 in January 2026, its highest figure in 12 months, while the yield of the … Read more

Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more

A Federal Reserve official says Staten Island is facing significant economic challenges

Questions and Answers at the SIEDC public consultation event

STATEN ISLAND, NY – The Staten Island Economic Development Corporation held a public discussion at the Grand Oaks Country Club on the US economy and its impact on Staten Island, with an official from the Federal Reserve Bank of New York. The conference, chaired by SIEDC President, Michael Cusick, brought together business leaders, financial advisors … Read more

The fastest growing banks in the world are in Africa, but the revenue of $100 billion tells only part of the story.

The fastest growing banks in the world are in Africa, but the revenue of $100 billion tells only part of the story.

But under the headline image there is a more complex reality: strong growth, high profits, however much of the speed is uneven, concentrated, and partly destroyed by currency fluctuations. A new report by McKinsey & Company shows that the banking sector in Africa generated about $99 billion in 2024 and is estimated to reach about … Read more

Economist Paul Krugman has a Dark Idea about the Iran War

Economist Paul Krugman has a Dark Idea about the Iran War

Last week, President Donald Trump made two ridiculous moves on Iran. He began by threatening to “destroy” Iran’s energy plants unless the Strait of Hormuz was safely opened. He gave a deadline of 48 hours. Then, before that deadline came, Trump backed down. But minutes before he did, the oil markets saw a huge spike … Read more

Canada reports moderate economic growth in January

Canada reports moderate economic growth in January

Canada’s economy grew by 0.1% month-on-month in January The preliminary estimate shows growth in February to be around 0.2% Growth in January was led by manufacturing industries Service industries stand out as real estate contractors OTTAWA, March 31 (Reuters) – Canada’s economy grew modestly in January, with monthly output rising slightly as strength in many … Read more

‘Oversold’: Wall Street says relief rally coming for stocks as Iran war drags markets

Line chart

Good news for investors: The charity event may finally be on its way. Loading audio description… That’s the word on Wall Street as markets assess the damage caused by the Iran war, which has dragged stocks lower for much of the past month as investors worry about the impact of higher oil prices on the … Read more

Stocks, bonds and commodities: How global markets have sold off the Iran war

Stocks, bonds and commodities: How global markets have sold off the Iran war

A trader works on the floor of the New York Stock Exchange during morning trading on March 25, 2026 in New York City. Michael M. Santiago | Getty Images Stocks, bonds, currencies and commodities have all been affected by volatility in the past month, with many stocks seeing wild swings and big losses as the … Read more