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-A year after Silicon Valley Bank's failure, less than half of U.S. banks have established borrowing capacity by pledging collateral at the Federal Reserve's emergency lending facility, according to Fed data released on Friday. That's despite a crescendo of calls from financial regulators for banks to make sure they can access the Fed's discount window quickly if trouble arises. But the data also showed some real progress, with an increase in the number of banks signing up and a jump in the amount of total collateral pledged. SVB's inability to access the window in March of last year in the...

Between earthquakes popping up in unusual places, murder hornets making a brief debut a couple years ago (remember those?) and the price of a Trader Joe’s banana rising for the first time in decades, the world seems to be increasingly unpredictable. Much like a Mentos mint popped into a Coke bottle, the pressure is bubbling and potentially set to burst. But the prime fear among doomsday preppers is less out-of-this-world, like an alien invasion or zombie apocalypse; rather, it takes place on Wall Street’s doorstep. A third (33%) of Americans fear the end of the U.S. will be the result...

The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shocks due after a recent exercise on tackling the failure of a large bank. Wrapping up four days of meetings in China, Yellen issued a stern warning to Chinese banks that facilitating transactions providing material support or dual-use goods to Russia for its Ukraine war effort would lead to "significant consequences."

"I didn't buy groceries last pay period" "You know why?" "I currently am being charged over $200 a month, for a CARBON TAX" "There's an extra $40 on my gas bill and $187 extra on my hydro bill" "Canadians are suffering" "I fill my SUV to go to work and it used to cost me $71. Now it costs me $98" "It shouldn't have to be this way" "It's sad" "I work full time" https://media2.giphy.com/media/3oEjI8Kq5HhZLCrqBW/giphy.gif

Zimbabwe has 2.5 tonnes of gold reserves and $300mn in cash, according to senior government officials, speaking on the eve of the anticipated rollout of a new gold-backed currency. Incoming Reserve Bank of Zimbabwe (RBZ) governor, John Mushayavanhu told President Emmerson Mnangagwa during a tour of the bank's vaults on April 5 that 1.5t of the gold is being kept locally while a tonne is being held offshore. The gold and other precious minerals such as diamonds that are in reserve are worth $175mn.

Zimbabwe has introduced a new currency, the ZiG, as announced by the new Reserve Bank of Zimbabwe (RBZ) Governor, John Mushayavanhu, in his long-awaited 2024 Monetary Policy Statement. The introduction of the ZiG, which stands for “Zimbabwe Gold,” marks a significant shift in the nation’s financial landscape.

Buckle up, because Zimbabwe’s going for a wild ride down Gold Lane, ditching the US dollar like it’s out of fashion. Under President Emmerson Mnangagwa’s regime, this southern African gem is shaking up its monetary system yet again. This time, they’re pulling a bold move by introducing a new gold-backed currency.

EVs are really heavy compared to their gas-powered brethren. The heavy battery packs that power the electric motors in electric cars and enable their long trips between charging sessions tend to be the culprit of bloated EVs, which concerns Stellantis (STLA) CEO Carlos Tavares.

Men are turning away from college and the shift could have profound implications for the economy, their health and the American family. Today, only 39% of young men who have completed high school are enrolled in college, down from 47% in 2011, according to a recent analysis by Pew Research. That works out to about 1 million fewer young men in college compared to just over a decade ago. The trend isn’t new but as scholars like Richard Reeves have pointed out, the gradual retreat from higher education signals a larger crisis facing boys and men.

China issued a travel advisory for citizens visiting the United States, asking them to take safety precautions and be prepared for "various unexpected situations", such as being searched. Several Chinese students and company employees have recently been subjected to "unwarranted interrogations and harassment" by US airport law enforcement officers, the Ministry of Foreign Affairs said on its WeChat account on Friday. Their phones, computers and other luggage items were searched piece by piece, and several people were banned from entering the country, it said. Do you have questions about the biggest topics and trends from around the world? Get the...

Larry Fink, CEO of BlackRock, the world’s largest asset manager, has issued a stark warning about America’s escalating debt, which currently stands at a staggering $34 trillion and continues to grow. Fink cautioned that the nation’s trajectory could lead to a crisis reminiscent of Japan’s lost decade. He emphasized that Washington should not assume that investors will indefinitely fund the country’s fiscal deficit. In his annual letter to investors, Fink highlighted the recent three-percentage-point increase in U.S. Treasury yields to 4%, which reflects longer-term inflation expectations and the Federal Reserve’s aggressive interest rate hikes. He described this development as highly...

In his annual letter to shareholders, Fink called the decreasing ability to retire in a financially sound way one of the biggest economic challenges of the mid-21st century. "Today in America, the retirement message that the government and companies tell their workers is effectively: 'You're on your own,'" Fink wrote. A federal law that will require employers with 401(k) plans to auto enroll new workers provides a bright spot, he said.

<p>That's according to the 2024 USA Wealth Report put out by investment migration consultancy Henley & Partners and New World Wealth, which finds there are now more Americans applying for residence and citizenship-by-investment programs than citizens of any other country. Over the past five years, inquiries from the U.S. about these programs have increased by 500%.</p>

ccording to the local news, there's a new crime trend here in California, which is almost certain to make its way across the country and around the world, if it hasn’t already. RELATED: ‘Bump and Rob’ is an Old Scheme But a New Trend – Here’s What You Need to Know to Stay Safe

Uh-oh, Amazon. Looks like the Federal Communications Commission (FCC) is not playing around when it comes to selling illegal signal jammers. The agency just went public with an investigation into Amazon and other major retailers for allegedly pushing these dodgy devices that can block your cell signal, GPS, and more. Typically advertised as “drone deterrents” or “privacy tools”, these nefarious gadgets are specifically designed to block radio frequencies. This has serious ramifications, cutting off cellular devices and GPS units and impacting emergency communication channels.

U.S. wage growth has slowed sharply over the past year and is getting closer to returning to its pre-pandemic level, according to new data from career site Indeed. The wage tracker – based on salaries for job advertisements listed on Indeed – showed that salaries were up 3.3% in February compared with the same time one year ago. That is a marked drop from January 2022, when wages were up about 9.3%, suggesting that employers are facing less competition for new hires.

More and more young people in Germany say they often feel lonely. That poses significant health risks, but researchers say there's also a link between loneliness and anti-democratic attitudes. Loneliness is often described as a silent pandemic in Germany. The latest figures from the Federal Statistical Office indicate that one in six people over the age of 10 often feel lonely — that's around 12.2 million people. Loneliness is defined by psychologists as a perceived discrepancy between desired and actual social relationships, and is different from social isolation. Statistics show that in Germany young people are the worst affected: A...

Hertz Global Holdings Inc. is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles that the company began unwinding in recent months. Stephen Scherr, who ran Hertz for just over two years after three decades at Goldman Sachs Group Inc., has decided to step down, the rental-car company said late Friday in a statement. It’s replacing him with Gil West, the former chief operating officer of General Motors Co.’s Cruise robotaxi unit. West also will join the board of directors on April 1, according to the statement, which confirmed an earlier Bloomberg report.

LONDON (Reuters) - Britain said on Thursday it had agreed a security package to protect the borders of the Turks and Caicos Islands - a British Overseas Territory - in response to the risk violence in Haiti could spread. The Turks and Caicos Islands are 200 miles (322 km) from Haiti, where a political and social crisis has led to weeks of escalating violence and heavily armed gangs have tightened their grip on the capital Port-au-Prince The British Foreign Office said the package was designed to "respond to the risk of gang violence and illegal migration from Haiti spilling over...

As a younger woman, Lisa Pang was sure she wanted children. But now, aged 37 and a successful business entrepreneur, her career is so fulfilling she has rejected the idea of motherhood. Her reluctance to raise a family while focusing on her career in the sports industry in Guangdong is reflected among swathes of women of her generation in China, which is facing a fertility crisis that has accelerated the rapid ageing of the population and could hamper economic growth. “The low birth rate nowadays may be due to the change of mindset among young people,” said Ms Pang.