US economy

Robinhood Crypto Fined $30 Million by New York Regulator

picture: Oliver Dollery (Getty Images) Robinhood set themselves up The application of “financial democracy” Accused of misleading and taking over retail investors would have to pay another $30 million to appease regulators. This brings the company’s total regulatory penalty and settlement mark to well over $100 million. in deposit On Tuesday, the New York State …

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Home prices fell at a record pace in June, according to the housing data company

A sign in front of a house for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the US rose 2% in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the broader economy sharply lowered housing demand in …

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High inflation poses a greater threat than possible recession

Neil Kashkari, Federal Reserve Bank of Minneapolis Brendan McDermid | Reuters If you’re debating whether or not the United States is in a recession, you’re asking the wrong question, according to a senior Federal Reserve official. “Whether we’re technically in a recession or not doesn’t change my analysis,” Minneapolis Federal Reserve Bank President Neil Kashkari …

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New York Governor Hochhol declares a disaster emergency over monkeypox

People wait online to register for a monkeypox vaccine on July 29, 2022 in New York City. John Smith | Corbis News | Getty Images New York Governor Cathy Hochhol declared a state of emergency in the state Friday night due to the continuing spread of monkeypox. She said the emergency declaration would lead to …

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Here’s what a possible recession might mean for American consumers

Americans want to know: Is this a recession or not? Formally, the National Bureau of Economic Research defines a recession as “a significant decline in economic activity that spreads through the economy and lasts more than a few months.” In fact, the latest quarterly GDP report, which tracks the overall health of the economy, showed …

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Pfizer Inc. (PFE) Earnings for the Second Quarter of 2022

Coronavirus disease (COVID-19) pills appear in boxes, at Misericordia Hospital in Grosseto, Italy, February 8, 2022. Jennifer Lorenzini | Reuters Pfizer’s second-quarter revenue and profit beat Wall Street expectations, driven by sales of its Covid-19 vaccine and antiviral drug Paxlovid. Pfizer generated $27.7 billion in revenue, a 47% increase over the same period last year …

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The United States will release 786,000 additional doses of monkeypox vaccine

A person carries doses of the Imvanex vaccine used to protect against monkeypox virus at the Edison Municipal Vaccination Center in Paris, France, July 27, 2022. Alan Joquard | pool | Reuters The United States will make an additional 786,000 doses of the monkeypox vaccine available to local health departments “as soon as possible” after …

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The World Health Organization recommends that gay and bisexual men limit sexual partners to reduce the spread of the disease

People line up outside a nonprofit clinic to test the Positive Awareness Network to receive the monkeypox vaccine in Chicago, Illinois, July 25, 2022 Eric Cox | Reuters The World Health Organization recommended on Wednesday that gay and bisexual men limit the number of their sexual partners to protect themselves against monkeypox and help slow …

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Pending home sales fell 20% in June from a year earlier, as mortgage rates soar

A “Sale Pending” sign outside a home in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images The National Association of Realtors said Wednesday that contracts signed to purchase existing homes fell 20% in June compared to the same month last year. This is the slowest pace since …

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