The Federal Reserve Bank will keep suppressing interest rates to near-zero rates for more than a year, according to Federal Open Market Committee meeting minutes released August 20, despite talk about an “eventual normalization of the stance and conduct of monetary policy.”
Employees on strike from Market Basket over the firing of CEO Arthur T. Demoulas were given until Friday to return to work or be replaced.
The maker of little Zen Magnets has decided to challenge the Consumer Product Safety Commission in a duel to the death.
Tread carefully when parsing the latest jobs report from the Bureau of Labor Statistics. The real picture is much different from the headlines.
The rising opposition in Congress to renewal of the charter for the Export-Import Bank from Tea Party congressmen has spawned an all-out effort by crony capitalist lobbyists in organizations such as the U.S. Chamber of Commerce.
Central banks and government entities around the world are now dominant players in the stock market with some $30 trillion invested in equities and other assets, according to a new study released this week offering the first comprehensive analysis of public-sector investments. About half of that is from central banks. In other words, monetary authorities, which conjure fiat currency into existence out of thin air, are using much of that “funny money” to gobble up real assets — propping up stock prices but eroding the value of people’s savings through inflation of the currency supply. The significance of the findings is monumental.
IMF deputy Zhu Min has learned nothing from history, announcing another housing bubble that will be "fixed" only by more interference.
Ride-sharing apps such as Lyft and Uber illustrate the unexpected and welcome benefits the free market provides when it is left alone.
As the Food and Drug Administration (FDA) releases a report about increasing pet illnesses and fatalities from Chinese-made pet food, major nationwide pet-supply retailers Petco and PetSmart announce plans to terminate the sale of chicken, duck, beef, and sweet potato jerky pet treats made in China.
Tesla Motors' business model of selling its electric vehicles directly to consumers is being opposed by auto dealerships.