The stabbing death of Cash App founder Bob Lee in San Francisco renewed concerns about the city’s crime rate. Twitter CEO Elon Musk, whose company is headquartered in the Bay Area, tweeted that he was worried about the city’s “horrific” crime problem. Just days after the late-night attack, however, police arrested a tech industry executive…

The biggest showdown expected in Washington this summer had a battle stop in New York. On Monday, Republican House Speaker Kevin McCarthy made his political pitch on the debt ceiling to the New York Stock Exchange during trading hours. “Without exaggeration, American debt is a ticking time bomb that will detonate unless we take serious,…

With the 2024 GOP presidential primaries still many months away, there’s plenty of time for more candidates to join the race. Former President Donald Trump was the first to announce his candidacy, of course, and so far he’s way ahead in the polls. But Florida Gov. Ron DeSantis (R) is expected to throw his hat…

51% of the country believes President Biden’s policies have not benefited the middle class at all. That’s according to a new national poll from Monmouth University that also found 10% of Americans believe middle class families have benefited from the president’s policies a lot. “Biden’s appeal when he ran for president was that he understands…

As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch crisis. No. 1: What is a credit…

The U.S. economy added 236,000 jobs in March while the unemployment rate ticked back down to 3.5%, according to the latest Bureau of Labor Statistics report out Friday, April 7. The jobs data is in line with what economists expected and represents a slight cooldown in the resilient labor market. The unemployment rate is near…

When President Joe Biden signed the Infrastructure Investment and Jobs Act into law, it provided $550 billion for tens of thousands of projects across the country, such as roads, bridges and mass transit. According to the White House, this “once-in-a-generation investment in [American] infrastructure” aims to “grow the economy and enhance [the nation’s] competitiveness” through these…

As the dust starts to settle following the collapse of Silicon Valley Bank and Signature Bank in March, economists are warning of cracks in the system that started spreading even before the failures. Under conditions of banking turmoil, some are worried credit tightening will become a credit crunch. “I’m getting really nervous now that an economy that I…

On Tuesday, April 4, Richard Branson’s satellite-launching company Virgin Orbit filed for Chapter 11 bankruptcy. The company failed to find a funding lifeline following a launch failure and is now looking to sell its assets. When a public company like Virgin Orbit goes bankrupt, there is no shortage of headlines. But there’s an undercurrent happening…