A significant affordable housing project is set to begin in Brooklyn's East New York neighborhood. Goldman Sachs, through its Urban Investment Group, has committed to financing a $270 million development that will create 385 apartments. This comes at a time when the city's housing affordability crisis has become a central issue in local politics. According to reliable … [Read more...] about Why Is Goldman Sachs Backing ‘Affordable’ Housing in New York?
Financial News
Trump-Era Policies Fuel Unlikely Crypto-Banking Alliance
In a significant shift within the financial landscape, cryptocurrency companies are now seeking traditional banking status in the United States. This development comes in the wake of regulatory changes implemented during the Trump administration. Several prominent cryptocurrency firms, including Ripple, Circle, BitGo, and Kraken, are at the forefront of this movement. … [Read more...] about Trump-Era Policies Fuel Unlikely Crypto-Banking Alliance
Trump Renews Call for Fed’s Powell to Step Down Now
President Donald Trump has once again called for the resignation of Federal Reserve Chairman Jerome Powell, escalating his criticism of the central bank's monetary policy. According to reliable sources, Trump posted on his social media platform, Truth Social, demanding Powell's immediate resignation. The President linked his comments to a Bloomberg report suggesting a … [Read more...] about Trump Renews Call for Fed’s Powell to Step Down Now
Egg Prices Fall Slightly, Offering Little Relief to Shoppers
The story of retail egg prices in the United States is akin to a wild bronco ride at a Texas rodeo. One moment, we're bucked high with record-setting prices. Next, we're in a modest dip, but still near the peak. Last month, government data revealed a bit of relief for American consumers. The average price for a dozen Grade A eggs dropped to $5.12 in April. It marked the … [Read more...] about Egg Prices Fall Slightly, Offering Little Relief to Shoppers
Trump’s Prescription for Lower Costs
President Donald Trump, at the dawn of the week, took to his social media platform to proclaim a victory for the American wallet. He promises reduced costs, not just in our medical cabinets, but also at our gas stations, grocery stores, and energy bills. The president is about to put his signature on an executive order that promises to ensure Americans pay the "lowest price … [Read more...] about Trump’s Prescription for Lower Costs