US News

Whenever the Federal Reserve rises interest rates, as it did on Wednesday, it affects more than just homeowners and small-business owners. The IMF has revised down the expectation for economic growth in developing & emerging market nations to 3.8 percent, a full couple of percent below its January forecast. The Fed hiked its benchmark brief […]

Because of a slowdown in dealmaking and mortgage lending, earnings at large banks are dropping. According to the Financial Times, a slump in the housing market has resulted in a slowdown in the construction industry. Four prominent financial firms reported significant declines in their first-quarter profits on Thursday, as uncertain markets and the ongoing dispute […]