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Category: Economy

What a Stock Market Crash Could Mean for the Climate

Richard Drew/Associated Press Looking for news you can trust?Subscribe to our free newsletters. This story was originally published by Grist. It appears here as part of the Climate Desk collaboration. Let’s talk about the stock market. Pretty terrifying, huh? The big Christmas Eve dip plunged the US markets into “bear” territory—with declines of over 20 percent in the…

How to Hand Out Free Money

Looking for news you can trust?Subscribe to our free newsletters. On a gray afternoon in Juneau, 36-year-old Kristen Hemlock sat on her bed picking at a cold McDonald’s chicken sandwich, waiting for the checks to arrive. Her four-year-old son, Eli, chubby and dimpled, lay on his stomach on a bottom bunk two feet away, distracting…

Treasury Secretary Steve Mnuchin Tries to Reassure Investors of “Strong Economic Growth”

Steven Mnuchin.Chip Somodevilla/Getty Looking for news you can trust?Subscribe to our free newsletters. Just days after the stock market had one of its worst weeks since the 2008 financial crisis, Treasury Secretary Steven Mnuchin released a letter stating that he had spoken to CEOs at the nation’s six largest banks and confirmed they had “ample liquidity” to…

Trump Tries to Throw Gasoline on France’s Fuel Riots

Nicolas LiponnNurPhoto via Getty Images Looking for news you can trust?Subscribe to our free newsletters. A series of violent protests that have rattled France in recent weeks have caught the eye of Donald Trump. Earlier today, @realdonaldtrump retweeted a post from Charlie Kirk, the founder of conservative nonprofit Turning Point USA, which attributed the “riots in…