The Federal Reserve and two other U.S. regulators today issued a warning to banks about cryptocurrencies. In a joint statement, the Board of Governors of the Federal Reserve, the Federal Deposit Insu...
Tag: U.S.
With Electrical Grids Under Assault, U.S. And Ukraine Seek Scarce Transmission Gear
An autotransformer completely destroyed after a Russian Attack. Getty Images Russia, eager to break Ukraine’s power grid, is subjecting Ukrainian electrical substations to a withering array of missile...
Federal Reserve, other U.S agencies warn banks about crypto
Top U.S agencies, including the Federal Reserve, have issued a warning to banks about their interaction with crypto assets. The agencies have indicated that it may be unsafe for banks to accept crypt...
Salesforce Cutting Nearly 8,000 Jobs As Major Layoffs Continue Into 2023
San Francisco tech giant Salesforce announced plans on Wednesday to cut 10% of its staff, making it the first U.S. company this year to conduct a major round of layoffs, after more than 125,000 employ...
Djokovic Will Likely Miss Indian Wells And Miami Open Due To U.S. Covid Vaccine Mandate
Topline Tennis star Novak Djokovic is likely to miss the Indian Wells and Miami Open tournaments for the second year in a row as the 21-time Grand Slam winner, who has refused to get a Covid-19 vaccin...
Mega Millions Jackpot Rises To $940 Million—Here’s How Much The Winner Would Take Home After Taxes
Topline The Mega Millions jackpot rose to around $940 million after no one won Tuesday night’s draw, making it the sixth-largest reward in U.S. history, though the eventual winner will take home a far...
U.S Federal Agencies Warn About The Risks Of Cryptocurrencies
The Federal Reserve, FDIC, and OCC put an effort to maintain sound banking practices despite the risks of crypto. The agencies stressed the need of preventing crypto-related risks from migrating to th...
Ripple CEO Optimistic About Achieving Crypto Regulatory Clarity in U.S. in 2023
Alex Dovbnya In a recent Twitter thread, Ripple CEO Brad Garlinghouse has expressed his cautious optimism regarding a potential breakthrough in regulatory clarity around cryptocurrencies in 2023 Rippl...
U.S. Auto Sales: GM Should Reclaim Full-Year Sales Crown On Strong Q4
Auto sales are expected to rebound further for General Motors (GM) in the final quarter of 2022. GM is seen regaining the sales crown from Toyota Motor (TM) for the full year after overcoming a sharp ...
U.S. regulators issue post-FTX collapse crypto warning to banks
U.S. banking regulators remain skeptical of banks holding digital assets. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. put out a jo...
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’
Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchai...
Airline Seats Are Not Shrinking. Just The Opposite. But Legroom…
There has been a lot of coverage regarding declining airline customer service. Not much is positive. There are issues of refund problems, of flight delays, cancellations, long waits for telephone assi...
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
U.S. stock-market futures rose Monday, suggesting gains ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, +0.22% jumped more than 200 points out of the gate, but initi...
BP and Shell Are a Buy in 2023. Why They’re Cheaper Than U.S. Oil Giants.
It was a great year for oil companies such as Exxon Chevron Shell and BP But the giants of European energy are still trading at significantly lower valuations than their American counterparts, which m...
U.S. Shoppers Shunned Larger Purchases This Holiday Season But Sales Still Grow
NEW YORK – NOVEMBER 28: Shoppers clog the aisles at Macy’s Department store November 28, 2003 in … [+] New York City. Black Friday , the day after Thanksgiving and traditionally the ...
2023 Resolutions For The U.S. Airlines Industry
As 2022 wraps up, airlines can look to 2023 and set some aspirational goals. getty It is a good time to reflect on what has happened as the year comes to an end. What worked well, and where can we imp...
Walking The Tightrope To Avoid Stagflation
Two years ago, I subtitled my yearly forecast of the economy “We Are All Super-Keynesians Now.” Last year it was “All Eyes On Inflation.” This year the focus is on the adjustment costs of reducing inf...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
The Year In Energy Prices
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
China’s U.S. Ambassador Qin Gang Promoted To Foreign Minister
Chinese Ambassador to the U.S. Qin Gang visits the International Leadership of Texas, Garland High … [+] School on May 31, 2022 in Dallas, Texas. (Photo by Liao Pan/China News Service via Getty ...
Risk of a dangerous new Covid variant in China is ‘quite low,’ U.S. health expert says
Pictured here on Dec. 28, 2022, is gymnasium-turned-fever clinic in Fuzhou, Fujian province. Wang Dongming | China News Service | Getty Images BEIJING — It’s unlikely that a dangerous new Covid-...
U.S., global health officials worry about China transparency on virus spread
U.S. and global health leaders say Beijing is not sharing enough information about the spread of Covid-19 in China, leaving the international community in the dark about the scale and severity of the ...
U.S. to require passengers to test negative for Covid
The Biden administration will require airline passengers traveling from China to test negative for Covid before entering the U.S. as concern grows that widespread transmission of the virus in the worl...
A Beautiful Future Emerges From An Ugly Past
Three years ago, I wrote an article about the state of valuations for Appalachian gas companies. I used imagery from Sergio Leone’s classic: The Good, The Bad, and The Ugly as a theme. At the time, ba...
U.S. stocks fall on last trading day of 2022, booking monthly losses and worst year since 2008
U.S. stocks ended lower Friday, booking their worst annual losses since 2008, as tax-loss harvesting along with anxieties about the outlook for corporate profits and the U.S. consumer took their toll....
Is the U.S. stock market open the day after New Year’s?
Many investors likely can’t wait for a brutal 2022 to end. Stocks are facing their worst annual performance since 2008, while bond returns are the worst in decades or, in some cases, in history. The c...
U.S. Immigration-2022 Year In Review
As we head into 2023 it is worthwhile to reflect on the year that was. getty Profile of Immigrants Who Came to the U.S. in 2022 According to the most recent Vintage 2022 population estimates released ...
Musk says the U.S. is headed for a ‘stormy’ recession—but Tesla will shrug off ‘stock market craziness’ and become the ‘most valuable company on Earth’
A recession, stagflation, “a variant of another Great Depression”: The forecasts for the U.S. economy this year haven’t exactly been rosy—and Elon Musk has been a leading voice sounding the alarm. ...
U.S. law firm files class action lawsuit against Gemini over failed Earn product
Kim & Serritella LLP has filed a class action lawsuit against Gemini, a regulated New York-based cryptocurrency exchange, and its founders, Tyler and Cameron Winklevoss. The law firm claims they v...
Ripple May Have Upper Hand Against SEC, Thanks to U.S. DOJ’s Latest Comments on Crypto ⋆ ZyCrypto
Advertisement     As the SEC vs Ripple case extends into the new year, XRP supporters are on the lookout for any edge Ripple could have over the SEC in hopes that it m...