2 min read
Business

Cook highlights the complexities of achieving a balanced dual mandate in today’s economy

Governor Cook emphasized the importance of balancing risks and maintaining stability in his recent remarks on the dual mandate. He highlighted the need for a cautious approach to ensure economic growth while also keeping inflation in check.

2 min read
Business

Analysts Sound Alarm on Potential Impact of FOMC Meeting on Bitcoin

Bitcoin (BTC) and other cryptocurrencies are facing potential risks following the recent Federal Open Market Committee (FOMC) meeting, according to analysts. The meeting discussed possible interest rate hikes and tapering of asset purchases, which could impact the prices of digital assets.

2 min read
Business

Gold Reaches Record High as Federal Reserve Changes Course and Geopolitical Tensions Rise

Gold prices hit record highs on Wednesday, climbing to over $1,425 per ounce. This surge in value comes as a result of a mix of factors, including a dovish pivot from the Federal Reserve and rising geopolitical tensions.

2 min read
Business

Potential Flight Risk Looms for NYCB Depositors as Moody’s Downgrades Ratings

Moody’s Investors Service has once again downgraded the ratings of New York Community Bank (NYCB), raising concerns about the safety of some deposits with the institution.

2 min read
Business

FDA Allows Yogurt Manufacturers to Claim Limited Reduction in Type 2 Diabetes Risk

The Food and Drug Administration (FDA) has announced that yogurt manufacturers can now make a limited claim that their products may help lower the risk of type 2 diabetes. This new ruling comes as a result of a comprehensive review of scientific evidence supporting the potential health benefits of yogurt consumption.

2 min read
Business

Warning Issued for Heritage Store Mouthwash Over Poisoning Risk to Children

Heritage Store has issued a voluntary recall of its hydrogen peroxide mouthwashes due to a packaging violation that poses a risk of poisoning to children. The recall affects certain batches of their mouthwash products that were distributed to various retailers across the United States.

2 min read
Business

Biden Calls for Investigation into Security Risks of Chinese-Developed Autonomous Vehicles

President Joe Biden signed an executive order on Friday calling for a comprehensive review of the national security risks associated with Chinese-made “smart cars.” The order directs the Department of Commerce to conduct a thorough investigation into the potential threats posed by vehicles equipped with Chinese-made technology.

1 min read
Business

President Biden raises concerns about Chinese auto industry’s impact on national security

President Joe Biden warned on Thursday that the Chinese auto industry poses a “national security” risk, as he signed an executive order to accelerate the transition to electric vehicles in the United States.

2 min read
Business

Mouthwash Recalled Across the Nation Due to Poisoning Concerns

The Food and Drug Administration (FDA) has announced a nationwide recall of a popular brand of mouthwash due to potential poisoning risks. The affected product, which is sold in pharmacies and supermarkets across the country, has been found to contain high levels of a toxic chemical.