The Federal Reserve said the annual ‘stress test’ results underscored the strength of the US banking system. (Bank of America pic) WASHINGTON: Major US banks are well prepared and resourced to deal with a severe recession and continue lending to households and businesses, the Federal Reserve said o»»»

KUWAIT CITY, Nov 9: Gold prices stabilized at US$4,000 per ounce at the end of last week’s trading, supported by a weaker U.S. dollar and renewed demand for safe-haven assets as markets awaited developments in the ongoing U.S. government shutdown and key central bank decisions. In its weekly report»»»

The bank failed after depositors – mostly technology workers and venture capital-backed companies – created a run on it. The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 20»»»

WASHINGTON, Feb 15 (Reuters) - U.S. retail sales increased by the most in nearly two years in January after two straight monthly declines as Americans boosted purchases of motor vehicles and other goods, pointing to the economy's continued resilience despite higher borrowing costs. Coming on the he»»»

close Video America’s grandparents are increasingly online. They’re connecting with relatives digitally, shopping in the web’s endless aisles, and even finding online love in their golden years. However, with that wifi connection comes a darker side. Specifically, the danger of scams targeting the »»»

WASHINGTON (Sputnik) - Nearly three-quarters of Americans in the 18-25 age group find it challenging to save money and consider looking for additional sources of income, the Bank of America said on Tuesday. According to 73% of American young people aged 18-25 years, also called Generation Z, such c»»»

WASHINGTON - Recent surveys show economists and fund managers see increased risks of stagflation on the horizon, naming stagnation as a long-term risk in the United States, according to CNBC. Some 80 percent of the surveyed economists believed that stagnation is the greater long-term risk to the US»»»

In the backdrop of the Russia-Ukraine war, another setback is the tightening of monetary policies by the US Federal Reserve. File Photo: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File PhotoThe ability to trade and inve»»»