By Bryan Jung Janet Yellen, secretary of the U.S. Treasury, was in India to promote “friendshoring” to protect supply chains from unreliable countries like China and Russia. The pandemic, supply chain problems, and rapidly changing geopolitical…
economy
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FEATUREDHEADLINE NEWSUSA & WORLD
Fed Raises Interest Rates by 0.75 Percentage Point to Highest Level Since 2008
by EditorKBy Andrew Moran The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a target range of 3 percent to 3.25 percent on Sept. 21, matching…
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By Petr Svab Anybody holding an investment in China should withdraw it or face the risk of losing the money altogether, warned hedge funder Kyle Bass. Not only is the Chinese economy in…