Lines of cars formed at British gas stations for a fourth day on Monday, as the government mulled bringing in the army to help ease supply disruption triggered by a shortage of truck drivers.
Powell on Wednesday shed new light on the possibility of launching a central bank digital currency (CBDC) in the U.S., and stakeholders in the worlds of both monetary policy and cryptocurrency took notice.
China’s central bank has declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta variant of the coronavirus may be disrupting the job market’s recovery, at least temporarily.
Many had expected Fed Chair Jerome Powell to clarify the timing of the long-anticipated taper following Wednesday's meeting of the Federal Open Market Committee (FOMC), and he didn't disappoint.
President Biden used his first address before the U.N. General Assembly to declare that the world stands and at an “inflection point in history” and that the world must act with haste to move quickly and cooperatively to address the festering issues.
