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Redmond Carolipio

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  • Sep 26, 2022

    Crash of British pound sends waves through the markets

    NEW YORK, NEW YORK - SEPTEMBER 23: Traders work on the floor of the New York Stock Exchange (NYSE) on September 23, 2022 in New York City. The Dow Jones Industrial Average has dropped more than 400 points as recession fears grow. (Photo by Spencer Platt/Getty Images)

    The British government unveils a tax cut plan as its currency drops in value. We then look into what happens when you send hundreds of millions of dollars to the wrong people by accident.

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  • Sep 26, 2022

    The British pound plunges towards parity against the dollar

    A strong U.S. dollar is great for Americans who want to buy foreign products. For American companies that sell products abroad? Not so much.
    Matt Cardy/Getty Images

    From the BBC World Service: Sterling bottoms out at a low not seen since the U.S. dollar was created 230 years ago. The markets saw a continued sell off of the British currency after huge tax cuts were unveiled by the U.K. treasury last week. And in Italy, Giorgia Meloni seals victory for the far right after touting tax cuts, immigration restrictions and Euroskeptic economic reforms.

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  • Sep 23, 2022

    Labor Department calculates about $45 billion in pandemic unemployment fraud

    Emergency federal unemployment benefits — equivalent to roughly $6 billion per week — are set to expire in two and a half weeks.
    Thinkstock via Getty Images

    The Labor Department also notes what kind of fraud, and where. The SEC has charged Boeing with misleading investors after two deadly crashes. The worlds of commercial and residential construction carry differing experiences within the economy.

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  • Sep 23, 2022

    Boeing set to pay a heavy price

    Supply chain issues and a strike are bogging down Boeing's ability to deliver planes.
    JUSTIN TALLIS/AFP via Getty Images

    The SEC has charged Boeing and its ex-CEO for misleading investors in the wake of two deadly crashes. The Fed paints a harsher unemployment picture. Puerto Rico’s water system is reeling in the wake of Hurricane Fiona.

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  • Sep 23, 2022

    Russian men are fleeing the country

    BELGRADE, SERBIA - SEPTEMBER 21: Russians, living in Serbia, gather to protest against partial mobilization decision in Belgrade, Serbia on September 21, 2022. (Photo by Milos Miskov/Anadolu Agency via Getty Images)

    From the BBC World Service: After President Vladimir Putin announces mobilization of hundreds of thousands of reservists, Serbia experiences an influx of Russians hoping to avoid the war in Ukraine. U.K. Chancellor Kwasi Kwarteng slashes taxes for high earners in a “mini-budget” the government says will boost growth. And is Italy lurching to the right? The BBC’s Mark Lowen travels to Sicily ahead of elections on Sunday.

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  • Sep 22, 2022

    Congress squares off with bank leaders

    With Congress back in session, Democrats will want another try at passing at least portions of the Build Back Better agenda.
    Leigh Vogel/Getty Images for MoveOn

    Executives from the nation’s largest banks are testifying before the Senate. We look at how the state of the housing market affects the home-flipping industry. The BBC checks out the effects of China’s zero-COVID approach on its economy.

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  • Sep 22, 2022

    The Fed’s head issues a warning

    The Fed’s head issues a warning
    Samuel Corum/Getty Images

    We check in on the Federal Reserve following the interest rate rise. Melinda Gates tells us the world needs to check itself when it comes to some big goals.

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  • Sep 22, 2022

    Japan sells dollars to buy yen

    Japanese yen notes.
    Tomohiro Ohsumi/Getty Images

    From the BBC World Service: The Japanese government is snapping up its own currency for the first time in decades in a bid to stop the yen tumbling past 24-year lows. Elsewhere in Japan, Honda says it will continue to restrict production into a second month in October as it struggles with supply chain issues. And Beijing’s ongoing zero-COVID strategy comes up against local resistance in China.

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  • Sep 21, 2022

    Awaiting the rise of the interest rates

    WASHINGTON, DC - SEPTEMBER 19: The Marriner S. Eccles Federal Reserve Board Building is seen on September 19, 2022 in Washington, DC. The Federal Open Market Committee (FOMC) is set to hold its two-day meeting on interest rates starting on September 20.
    Kevin Dietsch/Getty Images

    The Fed announces its plan for interest rates today, and it’s widely expected to raise them. We discuss many things inflation with David Kelly of J.P. Morgan. Oil and gas prices spiked this morning on the heels of Vladimir Putin’s announcement to mobilize reservists for the war in Ukraine.

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  • Sep 21, 2022

    When it comes to fighting inflation, the Fed sets the tone for the rest of the world

    Wall Street often uses the minutes from Federal Reserve meetings to predict market trends, but the meeting notes don't always reflect current economic information.
    Saul Loeb/AFP via Getty Images

    The Federal Reserve is set to announce its latest move on interest rates today. While inflation is a global problem, we look at how the Fed ends up determining how the world fights it. An attorney helps us dive into the machinations surrounding the Justice Department’s antitrust lawsuit against Google.

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