Topic
Financial Crisis
22 stories related to this topic, newest first.
umnews.orgworld5 days ago
Malawi Approves 100 Percent Rise in Public University Tuition Fees as Short-Term Fix for Funding Shortfall
The government approved an immediate doubling of fees at the country's five public universities to address a financial crisis in higher education. Education Secretary Dr Ken Ndala said the ministry selected the increase after universities requested urgent funding relief.
nypost.comfinance17 days ago
U.S. Factory Job Cuts Near Highest Levels Since 2009
Announcements of planned job reductions at U.S. factories reached levels close to those recorded after the 2009 financial crisis and during the Covid-19 pandemic. The data were reported by CNBC.
UN
nypost.compolitics30 days ago
Trump Picks Brian Johnson to Lead the Consumer Financial Protection Bureau
The nomination would place a former deputy director in charge of the agency created after the 2008 financial crisis. Johnson’s selection requires Senate confirmation.
thesouthafrican.comfinance46 days ago
Survey Shows Lower U.S. Economic Sentiment Than During Prior Crises
A recent survey indicates Americans currently hold more negative views of the economy than during the COVID-19 pandemic, the 2008 financial crisis, or after the September 11 attacks. The data come from Yahoo Finance polling referenced in the report.
UN
financialpost.comfinance49 days ago
Asian Currencies Face Pressure From Rising Oil Prices and Strong Dollar
Rising oil prices and a stronger dollar are placing pressure on Asian foreign-exchange reserves. The reserves were accumulated after the 1997 financial crisis.
marketwatch.comfinance50 days ago
30-Year Treasury Yields Rise to Highest Levels Since 2008
Yields on 30-year U.S. Treasury bonds have climbed to levels last seen during the 2008 financial crisis. Economist Chris Martenson stated that global oil supply has declined by 13 million barrels per day.
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New York Postpolitics51 days ago
Former Massachusetts Representative Barney Frank Dies at 86
Barney Frank, who represented Massachusetts in the House from 1981 to 2013, died Tuesday night at age 86 after a battle with congestive heart failure. He helped craft the Dodd-Frank Wall Street Reform and Consumer Protection Act following the 2008 financial crisis.
finance.yahoo.comai53 days ago
Farallon Capital CIO Says AI Will Create Winners and Losers in SaaS Sector
Nicolas Giauque stated that AI-driven changes to software-as-a-service companies will not trigger a 2008-style financial crisis. The San Francisco-based fund manages $44 billion in assets.
winnipegfreepress.compolitics56 days ago
Three Indigenous Tourism Groups Leave National Association, Plan New Organization Amid Federal Funding Cuts
Indigenous Tourism Ontario, Indigenous Tourism B.C. and Nova Scotia Indigenous Tourism Enterprise Network have signed an MOU to create another national tourism organization. The move follows letters citing unresolved governance issues and comes as ITAC faces a financial crisis wi…
foxnews.comfinance62 days ago
U.S. Consumer Sentiment Index Falls to Record Low of 48.2 in May
The University of Michigan Consumer Sentiment Index declined 1.7 points in May to 48.2, the lowest reading on record. Current economic conditions fell 4.7 points to 47.8, also a record low. The index now stands 13 percent below its low during the 2008 financial crisis.
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nippon.comworld65 days ago
United Nations to Leave Palais Wilson in Geneva This Summer as Part of Cost-Cutting Reforms
The U.N. will abandon the historic Palais Wilson this summer as over 3,000 Geneva-based jobs have been cut or relocated since 2025. The Office of the High Commissioner for Human Rights is moving to the Palais des Nations citing a financial crisis. Geneva's mayor warned the change…
dnaindia.comfinance67 days ago
US Leading-to-Coincident Indicator Ratio Falls to 0.84, Matching 2008 Low
The ratio of U.S. leading to coincident economic indicators has dropped to 0.84, a level last seen during the 2008 financial crisis. This follows a 0.6% monthly decline in the Leading Economic Index for March. The Conference Board reported the data, noting the ratio's fifth conse…
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dallasfed.orgfinance69 days ago
U.S. IT Employment Drops to 2.8 Million, Lowest Since 2020
U.S. IT employment has dropped below 2.8 million, marking the lowest level since 2020. Over 300,000 jobs have been lost since 2022. The decline mirrors the scale seen during the 2008 financial crisis.
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newser.comfinance73 days ago
Brent Crude Hits $111 as UK Gilt Yields Climb to 2008 Levels Amid Geopolitical Tensions
Brent crude prices climbed above $111 on Tuesday, the highest since the Iran war began on February 28, following the breakdown of U.S.-Iran ceasefire talks. UK 10-year gilt yields surpassed five percent for the third time since the conflict started, matching levels from the 2008…
etftrends.comfinance78 days ago
More Americans Report Financial Harm from Rising Prices Than in 2008 Crisis Peak
A greater number of Americans indicate that increasing prices have negatively affected their finances compared to the height of the 2008 financial crisis, according to Bloomberg. This finding was reported by @unusual_whales. The comparison highlights ongoing economic pressures fa…
UN
Substrate placeholder — needs reviewworld80 days ago
Bank of England Deputy Governor Discusses Private Credit Risks and Downplays Crisis Prospect
Sarah Breeden, deputy governor of the Bank of England, warned of a potential private credit crunch resembling the banking sector's recent challenges. She downplayed the likelihood of a broader financial crisis. The statements highlight ongoing concerns in credit markets.
BU
Substrate placeholder — needs reviewfinance87 days ago
Wall Street Trading Desks Report Record Revenues in First Quarter Amid Volatility
Trading desks at major U.S. banks generated $16.3 billion in stock trading revenue during the first three months of 2026, marking a 33% increase from the previous year. This figure surpasses levels seen during the 2020 pandemic and the 2008 financial crisis. The gains stem from h…
BU
Substrate placeholder — needs reviewfinance89 days ago
Google Search Interest in Oil Prices Reaches Record High Since 2004
Search interest for 'price of oil' has hit its highest level in data recorded since 2004. This peak surpasses previous highs from the 2022 Russia-Ukraine war and the 2008 financial crisis by 300%. It also exceeds the 2020 pandemic level by 235%.
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pravdareport.comfinance93 days ago
Disruption in Strait of Hormuz Raises Energy Costs for Asian Economies, Echoing 1997 Financial Crisis
A disruption in the Strait of Hormuz has led to higher energy costs and weakening currencies in Asian economies. This situation recalls the 1997 Asian Financial Crisis, though analysts indicate a full repeat is unlikely. The event affects regional trade and economic stability.
ndtv.comfinance95 days ago
US Postal Service Suspends Pension Contributions and Proposes 4-Cent Stamp Price Increase
The United States Postal Service has suspended its employer contributions to federal employee retirement annuities to maintain liquidity amid a financial crisis. The agency proposed raising the price of First-Class Mail Forever stamps from 78 cents to 82 cents, effective July 12,…
DI
Substrate placeholder — needs reviewfinance95 days ago
US Postal Service Proposes 4-Cent Increase in First-Class Stamp Price to 82 Cents
The United States Postal Service has proposed raising the price of First-Class Mail Forever stamps from 78 cents to 82 cents, effective July 12 pending approval. The increases apply to letters, postcards, and other mailing services, aiming to address a severe financial crisis. Th…
DI
Substrate placeholder — needs reviewfinance95 days ago
US Technology Sector Employment Declines by 43,000 Jobs Over Past Year
The US technology sector has experienced a net loss of 43,000 jobs in the last year, marking the largest year-over-year drop since early 2024. This decline surpasses job losses during the 2020 pandemic and the 2008 financial crisis periods. Technology employment has been decreasi…
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