Taxpayers have been bearing the burden of the current welfare system, paying for able-bodied adults who do not work at all, a testament to a defective welfare system, reported The Hill, a top U.S. political [Read More]
Three U.S. soldiers were killed and another injured when two army helicopters crashed Thursday in Alaska after returning from a training flight, the U.S. Army said. The accident happened near Healy, a remote area of [Read More]
U.S. growth declined significantly in the year’s first quarter, amid the double whammy of interest rate hikes and the worst inflation in decades. Gross domestic product (GDP), which measures all goods and services produced, climbed [Read More]
The U.S. dollar firmed up in late trading on Tuesday as tension rose in the market and investors looked for safe-haven assets. The dollar index, which measures the greenback against six major peers, increased 0.51 [Read More]
First Republic Bank, a U.S. regional bank headquartered in San Francisco, saw a substantial deterioration in business in the first quarter (Q1) following last month’s banking crisis leading to the closure of SVB Bank and [Read More]
U.S. President Joe Biden said on Monday that he will let the public know about his reelection plans “real soon.” “I told you I’m planning on running,” Biden told reporters during an event at the [Read More]
Bed Bath & Beyond, a U.S. homeware chain headquartered in New Jersey, filed for bankruptcy on Sunday, signaling a turnaround plan initiated by the company in late 2022 did not play out well. The struggling [Read More]
The problems that hit Silicon Valley Bank (SVB) in the United States (U.S.) and Credit Suisse in Europe will not lead to a repeat of the 2008 financial crisis, a leading political and financial expert [Read More]
Multiple fatalities and injuries have been reported after a tornado slammed southeastern part of the U.S. state of Missouri early Wednesday morning. The exact number of fatalities and the extent and number of injuries were [Read More]
Former Arkansas Governor Asa Hutchinson announced his bid for the 2024 White House on Sunday. Hutchinson, who served as Arkansas governor from January 2015 to January 2023, made the announcement during an interview with ABC [Read More]
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