While the threat of financial contagion has abated following the bank turmoil sparked by the collapse of Silicon Valley Bank (SVB), experts warn that there are still risks facing U.S. banks that Americans should be mindful of. The collapse of SVB sent shockwaves through the U.S. banking sector, sparking a crisis of confidence and an acceleration of deposit outflows. In the weeks since SVB failed on March 10, commercial banks in the United States have seen a deposit exodus of just over $350...

April is Financial Literacy Month, and a number of personal finance experts have shared with The Epoch Times their perspectives on the common mistakes Americans make when managing their hard-earned money—and tips for avoiding them. The following examples are among the most common financial mistakes that may prevent you from reaching your financial goals this year—and beyond. Not Having a Budget Many people mismanage their finances by not having in place a clear budget to track inflows and...

Although the immediate threat of broader financial contagion seems to have abated following confidence-building emergency measures taken in the wake of the collapse of Silicon Valley Bank (SVB), experts are now warning of spillovers into the real economy in the form of a credit squeeze that could hit small businesses especially hard. Lending standards started tightening in early 2022 with the Federal Reserve’s inflation-fighting rate hikes and balance-sheet runoff. Now, they’re getting even...

When Elon Musk bought Twitter for $44 billion, he expanded his reach to five companies, spanning multiple industries, whose intersection with the government put the tech mogul and his growing global influence on the White House radar. Musk has made it his mission to cure what he calls the “woke mind virus.” To some, his purchase of Twitter several months ago was just what the doctor ordered. “$44 Billion was not the cost of Twitter. It was the cost of restoring ‘Free Speech,'” the Twitter...

Reactions have been mixed as to the significance of Sen. Kyrsten Sinema’s (I-Ariz.) recent announcement that she quit the Democratic Party and registered as an independent, ranging from views that it changes “nothing much” to the move being “nothing but a Dem loss.” Sinema said in a recent statement on social media and in an op-ed in The Arizona Republic that she was leaving the Democrats because she’s fed up with a “broken partisan system in Washington” that makes a priority of denying the...