Tag Archives: USA

By Sanjeev Oak The financial crisis in American banks persists, and First Republic Bank has now succumbed to its impact. Just two months ago, three U.S. banks collapsed within 48 hours, but no substantial lessons were learned by the authorities. This time, First Republic Bank lost $100 billion in deposits over the last three months, leading to its shutdown. JPMorgan …

By Sanjeev Oak In 2023, the world witnessed even a global superpower like the United States teeter on the brink of bankruptcy before pulling itself back. The looming government shutdown, threatening millions of jobs, was averted at the last minute. Meanwhile, the Israel-Hamas conflict exposed growing opposition from Arab nations against the U.S., and Ukraine found itself fighting its war …

By Sanjeev Oak The U.S. economy, renowned as a global superpower, is showing clear signs of heading toward a recession. Indicators such as rising unemployment and slowing economic growth have been apparent since last year. Recent data has now confirmed these concerns. Unemployment on the Rise In July, the U.S. recorded its fourth consecutive monthly increase in the unemployment rate. …

After Israel’s attack on Hezbollah, Iran’s missile strike on Israel has raised global concerns. The U.S. promptly announced a military buildup in the Middle East, while Israel warned Iran of severe consequences. However, for a world recovering from economic downturns, such tensions are unaffordable. By Sanjeev Oak On October 7 last year, Hamas, a terrorist organization, executed the largest attack …

By Sanjeev Oak As Donald Trump’s administration prepares to take office, the nomination of Scott Besant as Treasury Secretary has drawn significant attention. Besant, known for his expertise in hedge fund management and global financial markets, has been handpicked to navigate America’s economy through a landscape fraught with challenges, including the looming threat of recession. A New Leadership Era for …