If Russia were to win the Ukraine War and push towards territory closer to Turkey, like in Moldova and Romania, Turkey would benefit from the security of being part of NATO. But Turkey, still reeling from massive earthquakes in February 2023, is a headache for NATO in many ways. Some Turkish companies and banks have…

Former President Donald Trump is expected to fly from Florida to New York today as he prepares to be arraigned on criminal charges; and OPEC has announced it’s slashing production of oil. These stories and more highlight the daily rundown for Monday, April 3, 2023. Trump to be arraigned Multiple media outlets are reporting former…

With seven interest rate increases last year, two so far in 2023, and two U.S. bank failures, the U.S. is still not currently in a recession. President Joe Biden continues to claim progress on the labor market and is counting on Fed Chairman Jerome Powell to strike the right balance on jobs and inflation to…

According to a report by Bain & Company, the Southeast Asian economy is forecasted to grow by 4-5% annually over the next ten years. Economists cite stable macroeconomics, a neutral political stance, and, unlike its demographically-challenged neighbors to the east (think China, Korea, and Japan), the region sports a young population. According to Straight Arrow…

When Silicon Valley Bank and Signature Bank collapsed in a matter of days, it was a stark reminder to the American people that U.S. banks do fail. More than that, while all uninsured depositors were spared in these two bank failures, that’s not always the case. Given the media storm around this month’s bank failures, it…

Banks in the U.S. fail nearly every year and depositors aren’t always made whole, like the federal government did at Silicon Valley Bank and Signature Bank in March. Since 1993, customers of 76 different institutions have lost money in a bank, from hundreds to millions, according to the Federal Deposit Insurance Corporation. Before the 2008…

There are separate efforts in Congress to end normal trade relations between the United States and China. While the two bills by Rep. Chris Smith, R-N.J., and Sen. Josh Hawley, R-Mo., are slightly different, they would both significantly increase tariffs on goods imported into the United States from China. The lawmakers believe increasing the tariffs…

Fearing contagious bank runs around the country, the government is trying to assure Americans that money is safe in the bank, and not just the ones that are considered too big to fail. Treasury Secretary Janet Yellen clarified on Tuesday that the government could rescue smaller community banks if needed. “Our intervention was necessary to…

Since the swift collapse of Silicon Valley Bank, the entire banking system has been in turmoil. The news of failed and struggling banks has left millions of Americans with pressing questions. Some of the breakout searches on Google this past week include: What caused the banking crisis? Are we headed for a depression? Is my money…