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President Biden admits pressure from Democrats contributed to decision to drop out

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Fed will steer clear of jumbo rate cut despite mounting pressure: survey

A new survey finds that most economists believe the Federal Reserve will make a small cut to its benchmark interest rate, rather than the larger cuts that some of Wall Street’s biggest banks are calling for. Nearly four in five economists He told Bloomberg News They expect the Fed to cut interest rates by a […]

Goldman Sachs latest to pull out of climate alliance as political pressure mounts

Goldman Sachs’ fund unit is set to withdraw from investor engagement group Climate Action 100+, joining other financial services firms that have quit following a political backlash in the United States. U.S. members of a global coalition focused on climate change have come under pressure and criticism from Republican lawmakers who say they could be […]

Sen. Tom Cotton says that Kamala Harris will buckle under media pressure

Sen. Tom Cotton slammed VP Harris on Sunday, predicting she would crumble under increased pressure now that she has secured the Democratic presidential nomination. Harris has not held a formal press conference in 15 days since winning the nomination on July 22. Since then, she has been out on the campaign trail, speaking at various […]

‘Too much pressure on the brakes’

The U.S. central bank may be rethinking its decision to keep borrowing costs unchanged earlier this week after a government report on Friday showed the job market slowed sharply last month. The Labor Department reported that payrolls rose by just 114,000 in July, sending the unemployment rate up to 4.3%, signaling an unexpected deterioration in […]