Topline The Biden Administration is planning to tap into the country’s emergency petroleum reserves in an attempt to cut gas costs ahead of the midterm elections next month, sources told Reuters, even...
Tag: U.S.
Goldman Sachs CEO believes ‘there is a good chance of a recession’ in the U.S.
During the summer of 2022, a debate between politicians, economists, and market professionals raged on whether the U.S. was in a recession. The conclusion was boiled down to how the word is defined in...
FTX U.S and Founder SBF Being Investigated by Texas Officials
44 mins ago | 2 mins read Exchange News In a transaction finalized last month, FTX US acquired Voyager Digital’s assets. FTX US is not licensed by the Texas Department of Banking as per the complaint....
3AC Hedge Fund Investigated by U.S. Regulators
Alex Dovbnya Bankrupt cryptocurrency hedge fund 3AC has appeared in the crosshairs of U.S. regulators Bankrupt cryptocurrency hedge fund Three Arrows Capital has appeared in the crosshairs of U.S. reg...
The Economics Of A Russian Oil Price Cap
U.S. Treasury Secretary Janet Yellen speaks during a news conference at IMF headquarters, October … [+] 14, 2022 in Washington, DC. (Photo by Drew Angerer/Getty Images) Getty Images Economists o...
U.S. Inflation Is Sticky At 8.2%
Annual inflation in the United States decreased from 8.3% to 8.2% Economists anticipated a ten basis point decrease in the Consumer Price Index, but it was less than that The Fed is likely to keep rai...
Marine Corps War Plans Are Too Sino-Centric. What About The Other 90% Of The World?
China has long been known in standard Mandarin as Zongguo, the “middle country.” Judging from President Xi Jinping’s remarks to the Communist Party congress this weekend, the idea that China is the ce...
11% of Small-Scale Entrepreneurs in the U.S. Plan to Fund their Businesses Using Crypto
– Advertisement – A recent survey revealed that up to 11% of small business owners in the U.S. are looking to fund their businesses using cryptocurrencies in the following year. Cryptocu...
Supreme Court Won’t Consider Rights For U.S. Territory Citizens—Even After Neil Gorsuch Slammed Its Racist Precedents
Topline The Supreme Court will not consider whether citizens of U.S. territories like American Samoa will have full constitutional rights, as the court declined Monday to hear a case that could have o...
Bank of America CEO Brian Moynihan says the U.S. consumer is healthy
Pedestrians pass in front of a Bank of America branch in New York. Mark Kauzlarich | Bloomberg | Getty Images Consumers are financially resilient, despite high inflation and concerns the U.S. is neari...
5 Money Manager Stock Recommendations For A Volatile Market
A Cleveland-Cliffs ship at a dock in Cleveland. Photo By Raymond Boyd/Getty Images) Getty Images A politician would be silly not to do opposition research. A baseball team would be goofy not to use sc...
Xi Outlines Superpower Ambitions Amid Tensions With U.S. And Economic Woes
President Xi Jinping waves as he arrives at the opening ceremony of the 20th Communist Party … [+] congress in Beijing on October 16. AP Photo/Mark Schiefelbein Chinese President Xi Jinping vowe...
Stray Kids Become The Second K-Pop Act To Chart Multiple No. 1 Albums In The U.S.
South Korean boy band Stray Kids (credit JYP Entertainment). JYP Entertainment Stray Kids are back at No. 1 on the Billboard 200 once again, but not with their recent champion. The South Korean boy ba...
Higher Heating Bills Poised to Hit U.S. Households This Winter
High fuel prices have been a big driver of inflation, pumping up the cost of summer travel and air conditioning, and federal energy forecasters say that staying warm this winter will be more expensive...
Brittney Griner’s Release Not A Priority For Russia, Putin Aide Says
Topline The release of Brittney Griner—the WNBA star who was sentenced to nine years in Russian prison on drug charges—is not a priority for the Kremlin despite calls from President Joe Biden to free ...
HelloFresh Reportedly Cuts 600 Employees—Here Are The Biggest U.S. Layoffs This Year
Home meal kit provider HelloFresh will lay off more than 600 employees, several outlets reported, citing California state records, making it the latest company to reassess its headcount as employers f...
The debt vigilantes are back, and even U.S. assets will struggle. Here’s what to buy instead, says one veteran fund manager.
Markets are struggling to extend the previous session’s impressive rebound. There may be a number of reasons why a worse-than-expected inflation report was eventually shrugged off with such vigor on T...
U.S. defense industry faces surging demand and a supply chain crunch
The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. And with the ongoing supply chain crunch and inflation continuing to rise, military...
Charging An Electric Vehicle In 10 Minutes, Making Construction Greener And Becoming Nature-Positive
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. Getty Images The World Wildlife Fund rele...
A U.S. CBDC is Unnecessary, Stablecoins Offer Real Utility
Speaking at a security symposium at Harvard University, Fed Governor Christopher A. Waller maintains that the U.S. dollar can survive without a Central Bank Digital Currency (CBDC). Waller argues that...
U.S. Inflation Has Major Consequences for Global Markets
The consumer price index (CPI) in the U.S. was 8.2% in Sept., higher than the 8.1% predicted, leading to fears that the Federal Reserve’s policy of stringent fiscal tightening to lower inflation will ...
Beyond Meat Cuts 200 Employees—Here Are The Biggest U.S. Layoffs This Year
Plant-based meat producer Beyond Meat plans to lay off roughly 200 employees, the company announced Friday, making it the latest company to reassess its headcount as employers fear the economy could s...
Top Stablecoin Tether (USDT) Slashes $30,000,000,000 in Commercial Paper Holdings, Buys Up U.S. Treasury Bills
Top stablecoin issuer Tether (USDT) is completing its goal of eliminating commercial paper holdings from its reserves before the end of 2022. The firm says it has finally cut its commercial paper inve...
Bitcoin’s Lightning Capacity Soars, U.S. Plays Big Role
One of the largest Bitcoin Lightning Network (LN) node operators, River Financial, recently posted a report on this second-layer payment solution. Previously conceived as an experiment used by savvy B...
Sony and Honda plan to start U.S. deliveries of their EV in 2026
Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint ventur...
Cardano Founder Says Bitcoin Mining Is Point of Contention for U.S. Lawmakers
Alex Dovbnya Cardano founder says there are some calls to ban Bitcoin mining if miners fail to achieve carbon neutrality Contents Securities and commodities Productive cooperation Cardano founder Char...
Custodia Bank files petition alleging ‘favoritism’ after U.S. oldest lender received approval to offer crypto
United States digital assets bank Custodia Bank has filed a petition alleging ‘favoritism’ after authorities allowed mainstream lender BNY Mellon to offer crypto services. In the petition filed befor...