Financial Crisis

Mar 5, 2024

University of Arizona president to get a 10% pay cut after school's $177M budget shortfall

University of Arizona President Robert Robbins is getting his salary cut, but he doesn't have a problem with that


Mar 30, 2023

Stocks keep climbing as fear keeps falling on Wall Street

Stocks are rising again as a bit more fear evaporates from Wall Street


Americans' faith in banks low after failures: AP-NORC poll
Mar 22, 2023

Americans' faith in banks low after failures: AP-NORC poll

Only 10% of U.S. adults say they have significant confidence in the nation’s banks and financial institutions, a new poll finds


Yellen: No federal bailout for collapsed Silicon Valley Bank
Mar 12, 2023

Yellen: No federal bailout for collapsed Silicon Valley Bank

Treasury Secretary Janet Yellen says the federal government won't bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money


Dec 14, 2022

AIG subsidiary files for Chapter 11 bankruptcy protection

A subsidiary of insurer American International Group Inc. has filed for Chapter 11 bankruptcy protection


Asian stocks mixed after Wall St slide, China virus fears
Nov 22, 2022

Asian stocks mixed after Wall St slide, China virus fears

Asian stock markets are mixed after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown


Asia-Pacific leaders condemn war, renew calls for open trade
Nov 19, 2022

Asia-Pacific leaders condemn war, renew calls for open trade

Leaders from around the Asia-Pacific are wrapping up a summit in Bangkok, Thailand, with talks on how to steer the region's economies through the turmoil of war, pandemics and other threats to peace and stability


Parents of Cuba protesters blocked from meeting US officials
Nov 17, 2022

Parents of Cuba protesters blocked from meeting US officials

Activist groups and U.S. officials say at least six parents of Cubans serving harsh prison sentences after they participated in protests last year were temporarily detained and prevented from visiting an American delegation


Sri Lanka urged to drop terror charges for 2 protest leaders
Nov 17, 2022

Sri Lanka urged to drop terror charges for 2 protest leaders

The Sri Lankan government is being urged to drop charges against two protest leaders detained for more than three months following the anti-government demonstrations that engulfed the island nation earlier this year


Nov 15, 2022

Size, scope of FTX failure gets clearer as users fear worst

Just days after cryptocurrency’s third-largest exchange collapsed, the public is starting to get a feel of how messy FTX’s bankruptcy case could be



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.