Britain’s penchant for Reaganomics is well received by the market

Gears has now set the country on an economic path diametrically opposed to most, if not all, of the major global economies. Hannah McKay | Reuters LONDON – Britain’s new Prime Minister Liz Truss may have talked a lot about the “downstream economy” during her election campaign this summer, but no one expected that A … Read more

Federal watchdog says pandemic unemployment benefits fraud could exceed $45 billion

The updated number is a significant jump from the $16 billion in fraudulent unemployment payments the bureau mentioned in its June 2021 alert, which looked at claims from March to October of 2020. Since then, there have been increases in payments linked to Social Security numbers from people who filed Claims in multiple states, who … Read more

Semiconductor alliances between the United States and Asia can hold back China

Analysts told CNBC that leading chip makers, including the United States, are forming alliances, in part to secure the semiconductor supply chain and prevent China from taking the lead in the industry. Places like the United States, South Korea, Japan and Taiwan, which have strong semiconductor industries, have sought partnerships around biotechnology. “The direct cause … Read more