When the pandemic emerged in 2020, the U.S. economy was approaching nearly $22 trillion. The virus caused the country's Gross Domestic Product (GDP) to drop by around $320 billion by the end of 2020. However, as we near the end of 2023, the United States, home to the...
The recent collapse of Silicon Valley Bank (SVB), one of the largest banks in the USA, has raised concerns about the health of the banking industry. While many believed that the banks had recovered from the 2008 financial crisis, the events of March 9th have...
How do rising interest rates in the U.S. affect the stock markets? The U.S. Central Bank (the Fed) concluded its first meeting of 2023, last Wednesday afternoon by announcing a quarter-point rate hike. Aligning with market expectations, the rate-setting Federal Open...