Alan Greenspan, the former chairman of the Federal Reserve Board whose economic prowess was indelibly marred for some by his actions leading up to the 2008 financial crisis, has died.
Category Archives: business
Canadian auto parts magnate Frank Stronach found guilty of sexual assault
The Austrian-Canadian billionaire, 93, was accused of incidents involving seven complainants and pleaded not guilty to 12 charges.
Gas cost calculator: How much have higher gas prices cost you?
Americans have spent an estimated $33 billion more in gas since the Iran war started. According to an NBC News analysis, drivers who fill up twice a month paid anywhere from $20 to $300 more for gas.
Some Latino business owners in Texas regret Trump votes heading into midterms
Some Latino Trump voters in southern Texas discuss buyer’s remorse after helping flip the area red, with business owners concerned about the president’s economy and immigration policies. NBC News’ Valerie Castro reports ahead of the midterms.
Bill that would mandate AI chip location tracking gains industry support
Half a dozen companies came out in support of the Chips Security Act, which would require location-tracking mechanisms for America’s most advanced computing chips
Cheaper borrowing costs are out of reach for now. Trump’s Fed chair wants to change that.
Interest rates could go up by the end of the summer, but lower borrowing costs could be on the horizon by year-end.
Gas prices fall below $4 for the first time since March
Gas prices fell below $4 per gallon for the first time since March after more than three months of elevated prices as a result of the Iran war.
Americans see a huge divide between haves and have-nots, new poll shows
A national NBC News poll finds 81% of Americans say there is more that divides than unites the wealthy and ordinary working people.
Critical oil storage hubs hit decades-low levels with no relief in sight
Crude oil stockpiles across the country continued to plunge this week, as the U.S. tapped backup supplies of energy products to help keep gas prices down.
Fed holds interest rates steady as Trump’s new chairman faces fresh inflation woes
Rising inflation and new Federal Reserve chairman Kevin Warsh take the stage as the central bank decides on the path forward for interest rates.