Treasury Secretary Janet Yellen told U.S. lawmakers the federal government was projected to reach its debt limit next Thursday, marking a starting point for what is likely to be a long and tense battl...
Tag: U.S.
Stablecoin collapse could impact U.S. bond market, economist warns
Economist Eswar Prasad warned that a bank run on Stablecoins could fallout into the U.S. bond markets if issuers sell U.S. Treasurys to honor redemptions. Prasad warned that if a bank run should occur...
Over 800 Victims of BitConnect Crypto Ponzi Scheme To Receive $17,000,000 in Restitution, According to U.S. DOJ
More than 800 victims of the collapsed BitConnect crypto Ponzi scheme are set to receive $17 million in restitution, according to the U.S. Department of Justice. A federal district court in San Diego ...
Bullish Signals For Oil, But Not For Natural Gas
MIDLAND, TEXAS – MARCH 12: Workers place pipe into the ground on an oil drilling rig set up in the … [+] Permian Basin oil field on March 12, 2022 in Midland, Texas. President Joe Biden im...
Greener Gas Plants, Glass Onion’s Hydrogen Goof And The High Cost Of Disasters
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. This combined cycle gas plant produces po...
U.S. Debt Default ‘Likely’ in Second Half of 2023: Bank of America
Many investors are concerned that with the far-right wing of the Republican Party holding sway in the House of Representatives, a debt default is coming. If the view of Ralph Axel, rates strategist at...
As U.S. dollar stumbles, Japanese yen is ‘hottest story in town’. Here’s why.
It’s the comeback currency. The Japanese yen, among the world’s worst-performing major currencies in 2022, roared back to a seven-month high versus a now-reeling U.S. dollar on Friday, as traders bet ...
U.S. stocks could fall 10% as ‘pain trade’ takes hold before bouncing back later in the year
The year ahead is promising not to be an easy one for investors as a recession threat looms, but Bank of America is offering some advice on when things might get easier. The bad news is things might g...
BTC could retest $19k mark, boosted by current U.S. inflation rates, details inside
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. BTC could retest the $19.00K mark. A break below ...
U.S. Anti-Doping Agency Blasts Russia’s Finding That Figure Skater Kamila Valieva Was At ‘No Fault’ In Doping Scandal
Topline An anti-doping agency in Russia determined on Friday that 16-year-old figure skater Kamila Valieva was at “no fault or negligence” after testing positive for prohibited substances before the 2...
World Bank Warns Of Global Recession Risk
Getty Images Key takeaways The World Bank issued a bleak global growth outlook this week, revising last June’s projections down from 3% to 1.7% A significantly downgraded U.S. outlook hit particularly...
U.S. uninsured rate fell during Covid pandemic, Medicaid, Obamacare coverage grew
The number of people in the U.S. without health insurance declined during the Covid-19 pandemic even as millions of people lost coverage through their employers due to layoffs. The uninsured rate in t...
U.S. Could Run Out Of Cash By Early June If Debt Limit Isn’t Raised, Yellen Warns
Topline The U.S. Treasury stands to run out of cash as soon as early June if the debt limit isn’t lifted in the coming months, Treasury Secretary Janet Yellen warned Friday as she urged lawmaker...
Licensed Spectrum Boosts The Economy And U.S. Wireless Standing
The passage of 2021’s Infrastructure Investment and Jobs Act, which allocated $1.2 trillion of new money for rebuilding and expanding America’s roads, bridges, tunnels, and transit systems, was the cu...
Ripple’s Korean Partner SentBe Announces Expansion to U.S.
Gamza Khanzadaev Ripple partner SentBe to power U.S.-South Korea cross-border money transfers South Korean payments company and RippleNet user SentBe announced the launch of its international money-tr...
Ukraine Faces A Deadly Dilemma Over Cluster Weapons
Ukraine faces a dilemma over cluster weapons, seen as military effective but morally unacceptable. The issue was highlighted this week by an article in Foreign Policy magazine claiming Ukraine has rec...
ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...
Tesla shares under pressure after EV maker slashes prices of Model 3 and Y cars in the U.S.
Shares of Tesla Inc. were under pressure in early trading on Friday after the electic-car maker announced price cuts for its Model 3 and Model Y cars, with discounts in some cases of nearly 20%, as th...
Crypto Market Rallies as U.S CPI For December Falls to 6.5%
11 hours ago | 2 mins read Bitcoin News Inflation as measured by the Consumer Price Index was 7.10% in November. The current Bitcoin price is $18082.71, up 5 percent in the previous 24 hours. The Cons...
U.S. Chamber of Commerce threatens to sue the FTC over proposed ban on noncompete clauses
Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. Andrew Kelly | Reuters A major business advocacy group has pledged to sue...
Why Are Egg Prices Still So High? It’s Not The Reason You Think
Topline The median cost of a dozen eggs in the U.S. remains $4.25—over twice what it was a year ago—and while increased inflation in 2022 has contributed somewhat, the real reason egg costs remain hig...
Tesla is now the top luxury car brand in the U.S.: buy Tesla stock?
Tesla Inc (NASDAQ: TSLA) has uncrowned BMW to become the top luxury car brand in the United States – a title that’s escaped the U.S. automakers since late 1990s. Tesla overtook BMW last year in U.S. s...
How to play the market after the U.S. monthly inflation data?
S&P 500 is slightly down this morning after the U.S. Bureau of Labour Statistics said consumer prices rose in line with expectations last month. Expert reacts to the CPI print On a year-over-year ...
Taylor Fritz Knows Winning Will Help Grow Tennis In The U.S.
Taylor Fritz helped Team USA win the inaugural United Cup. AFP via Getty Images Taylor Fritz is well aware of the situation, and, more importantly, the pressure it carries. The 25-year-old from Califo...
Bitcoin: U.S. Inflation, debt crisis, and more might threaten BTC’s 2023
Bitcoin is in the accumulation zone according to the BTC pricing model. Demand for BTC experiences a recovery as hopes for a recovery bloom. Bitcoin [BTC] investors are going through renewed hope for ...
Sherrod Brown Suggests a Ban on BTC in the U.S.
Senator Sherrod Brown – an Ohio democrat – says he thinks agencies such as the Fed need to examine bitcoin following the collapse of the FTX exchange and possibly ban it to make sure that what happene...
Bitcoin, Ether continue run up ahead of U.S. inflation report; Avalanche surges
Bitcoin and Ether prices rose in Thursday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing almost a week’s run of price gains on signs of slower inflati...
FAA system outage disrupts thousands of flights across U.S.
Thousands of flights across the U.S. were delayed Wednesday after a Federal Aviation Administration pilot-alert system failed overnight, prompting a nationwide halt to departures. The FAA lifted the g...
2nd Bill Prohibits Oil Sales, As Beijing Becomes A Target
Topline The Republican-led House is expected to vote Wednesday on legislation that would prohibit the Biden Administration from selling oil from the Strategic Petroleum Reserve to Chinese-linked firms...
When’s The Debt Ceiling Deadline For 2023?
House Speaker Kevin McCarthy of Calif., speaks with members of the press before attending a House … [+] Republican Steering Committee meeting on Capitol Hill in Washington, Wednesday, Jan. 11, 2...
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
A mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited U.S. inflation reading which could well help determine the size of the Federal ...