Another rise could mean pain for some homeowners, but good news for savers. The theory is that raising interest rates makes it more expensive to borrow money, meaning people have less to spend, reducing demand and inflation. The Bank has to balance the risk of damaging the economy, which has shown little sign of growth, […]
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Bank failure: Kansas Heartland Tri-State Bank closed by FDIC
Heartland Tri-State Bank in Kansas has been closed by regulators after it became insolvent, officials announced on Friday night, marking the fifth U.S. bank failure so far this year. Kansas Bank Commissioner David Herndon determined that the bank, which was based in Elkhart, had become insolvent and appointed the Federal Deposit Insurance Corporation (FDIC) as […]
Very unfortunate Lawsuit over Biden administration and social media companies contact now in limbo
A recent U.S. District Court ruling that seemed to validate conservative concerns about Democrats colluding with Big Tech has been put on hold, raising questions about the underlying lawsuit’s legal viability. A federal appeals court on July 14 paused a lower court judge’s order that had blocked much of the Biden administration from talking to social media sites about content. The initial […]
Ratings agency Fitch’s shocking downgrade of the US’ top-tier sovereign credit.
Wall Street tumbled on Wednesday after ratings agency Fitch’s shocking downgrade of the US’ top-tier sovereign credit. The Dow plunged 348.16 points, or 1%, to 35,282.52. The tech-heavy Nasdaq had its worst day since February, dropping 310 points, or 2.2%. The S&P 500 slid 1.4%, its biggest decline since April. Fitch cut the US from AAA […]
House committee launches investigation into BlackRock over China investment
A House committee is demanding that BlackRock turn over documents related to allegations that it facilitated U.S. investment in blacklisted Chinese companies. The House Select Committee on the Chinese Communist Party announced on Tuesday it would launch an investigation into the world’s largest asset manager alongside index provider MSCI. Chairman Mike Gallagher (R-WI) and ranking member Raja Krishnamoorthi (D-IL) said […]
Mr. Speaker Of The House Kiven Mccarthy on impeachment inquiry
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BREAKING: MTG reveals FBI informant reported Biden was bribed to have the Ukrainian prosecutor fired who was investigating Burisma
On Thursday, Rep. Marjorie Taylor Greene held an emergency event after reading the FBI’s FD-1023 form, that alleges a bribery scheme involving Joe Biden during his days as vice president, revealing that payments were made to the Biden family by Burisma, the Ukrainian oil company which Hunter Biden sat on the board of. “Back in […]