Fed Keeps Rates Unchanged, Noting Progress on Inflation Has Stalled
Federal Reserve officials agreed on Wednesday to keep interest rates on hold for the sixth straight meeting, signaling they intend to keep interest rates at their highest levels in more than 20 years for longer than previously expected and slowing inflation. He pointed out that progress in curbing the outbreak has stalled. The central bank […]
Columbia president says talks with protesters stalled
Columbia University President Minoush Shafik announced on Monday that talks with pro-Palestinian demonstrators on campus, where the national movement for Gaza camps began, have stalled. Additionally, the university asked students to camp on campus until 2 p.m. Monday and voluntarily pack up their belongings. If that is completed and the students involved sign a commitment […]
Impatience over stalled tax deal grows in Senate
Supporters of the bipartisan tax deal that passed the House in January are growing impatient as Republican opposition to a bill to expand credit for working families stalls the bill in the Senate. The agreement, known as the American Families and Workers Tax Relief Act, expands and rescinds the Child Tax Credit (CTC), which has […]
Largest US semiconductor maker snags $1.5B from stalled Chips Act for plants in NY, Vermont
The Biden administration gave $1.5 billion to the nation’s largest semiconductor maker. This is the first major subsidy from the $52 billion TIP law passed nearly two years ago. GlobalFoundries, the world’s third-largest contract chipmaker, will build a new semiconductor manufacturing facility in Malta, New York, and expand existing operations at the facility and another […]
Stalled $60 Billion in U.S. Aid to Ukraine Wouldn’t ‘Fundamentally Change the Reality’ on the Ground
Sen. J.D. Vance (R-Ohio) told the International Security Council in Munich, Germany, on Sunday that the $60 billion U.S. aid package pending in Congress would “fundamentally change the reality” on the ground in Ukraine. ” He insisted that there was no such thing. Ukrainian President Volodymyr Zelenskiy, U.S. Vice President Kamala Harris and others spoke […]
Bitcoin ETFs hype stalled by due diligence: Bloomberg – Cointelegraph
Bitcoin exchange-traded fund adoption has been slowed by due diligence processes by major trading platforms. according to Companies such as LPL Financial Holdings, one of the largest independent broker-dealers in the U.S., are currently investigating recently approved Bitcoin ETFs, with close to 19,000 investors, according to a Feb. 3 report from Bloomberg. Independent financial advisors […]
Mortgage rates dip slightly as demand remains stalled
Dana Peterson, chief economist at the Conference Board, said the leading indicators are great for the commodity economy when it comes to “making money.” Mortgage rates fell slightly this week, but this slight drop is of little consolation to potential home buyers and sellers as demand remains largely stagnant. Freddie Mac’s latest primary mortgage market […]
Families of Hamas hostages frustrated, angry over stalled efforts to end captivity
Frustration and heartbreak underscored the pleas of families whose loved ones have been held by Hamas for more than 100 days, pleading on Capitol Hill Wednesday for their release. Families lost their last moments with their loved ones on October 7, when Hamas fighters attacked southern Israel, massacring people at music festivals and homes, and […]