For the first time ever, U.S. national debt crossed above $31 trillion this month, at a time when the Federal Reserve is in retreat from buying government debt and foreign investors’ interest in it is...
Tag: U.S.
U.S. Treasury and FinCEN Hit Crypto Exchange Bittrex With $53,000,000 in Fines for Two Offences
Crypto exchange Bittrex is settling with the U.S. Treasury and the Financial Crimes Enforcement Network (FinCEN) to the tune of $53 million. According to a press release, the Treasury’s Office of Fore...
Spread Of Unrest To Iran’s Oil Industry A Milestone
TEHRAN, IRAN – JUNE 03: Iranian President Ebrahim Raisi delivers a speech on the eve of the 33rd … [+] anniversary of Ayatollah Khomeini’s death at his grave outside Tehran, on June ...
Walmart Will Sell Domestic Made Apparel By Classic Fashion
TORONTO, CANADA -. (Photo by Roberto Machado Noa/LightRocket via Getty Images) LightRocket via Getty Images A new factory in Santa Ana, California will cut and sew apparel exclusively for WalmartWMT f...
Researchers Expect Midterm Elections To Boost U.S. Markets, Here’s Why
As American votes on November 8, 2022. What’s the expected market impact? Researchers have found a … [+] surprising effect. (Photo by Frederic J. BROWN / AFP) (Photo credit should read FRE...
The Implications Of U.S. SPR Withdrawals
The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant to the conditions set forth in the Energy Policy and Conservation A...
Russia’s Rank As U.S. Trade Partner At 30-Year Low, New Data Shows
Trade with Russia has left its rank with the United States at a three-decade low. The U.S. hasn’t … [+] imported oil or refined petroleum since April. ustradenumbers.com Russia now ranks a...
Hong Kong Refuses U.S. Calls To Seize Sanctioned Billionaire’s Docked Superyacht
Topline Hong Kong will not seize a superyacht linked to Russian billionaire Alexey Mordashov docked in its harbor, chief executive John Lee said on Tuesday, dismissing Western warnings that the city’s...
Why U.S.-Saudi Relations Are On The Brink As Top-Ranking Senator Threatens To ‘Immediately Freeze’ Relationship
Topline The chair of the Senate Foreign Relations Committee called on the U.S. to “immediately freeze” all cooperation with Saudi Arabia on Monday, as outrage in Washington against the Saudi governmen...
U.S. should pump more oil to avert war-level energy crisis: JPMorgan’s Jamie Dimon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Major U.S. Airport Websites Hit With Suspected Russian Cyberattacks
Topline A pro-Russian hacking group claimed credit for cyberattacks hitting more than a dozen U.S. airports’ websites Monday morning, according to multiple outlets, temporarily rendering parts of the ...
Jamie Dimon warns U.S. likely to tip into recession soon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
When Will The Bear Market End For Stocks?
2022 has been a terrible year for investors, when might the bear market end? (Photo by Bryan R. … [+] Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images) AFP via Getty Images 2022 has be...
Retail adds $89 billion to U.S. stock market
The broader markets had another up-and-down movement last week, where a slight recovery early was ruined by a large drop towards the end of the week. Inflation worries are pushing investors into a cor...
$28 Billion In New Clean Energy Manufacturing Investments Announced Since Inflation Reduction Act Passed
The Inflation Reduction Act is the most important climate legislation in United States history, but will it actually generate private investment in new manufacturing? In a word, absolutely. Roughly $2...
$22M Worth BTC Seized by U.S DOJ From Ransomware Attacker
3 hours ago | 2 mins read Bitcoin News The inquiry led to the US Department of Justice seizing 719 Bitcoins. The convict was sentenced to 20 years of prison. For his involvement in the NetWalker ranso...
Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions
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Chinese chip stocks tumble after U.S. calls for new curbs on high-end tech
A worker at a chips factory in Chongqing, China, on March 30, 2022. Future Publishing | Future Publishing | Getty Images The U.S. said it would grant a temporary license from Oct. 21 through to April ...
Venezuela’s U.S. Creditors Take Small Comfort From Sanctions Relief
Venezuela’s creditors welcomed its potential rapprochement with the U.S. but still face risks and uncertainties in collecting from the South American country’s bankrupt government as its relations wit...
U.S. Urged To Curb Arms Sales To Bahrain Over Claims Of Forced Confessions And Torture
A protester holds a Bahraini flag in front of riot police during clashes following a protest against … [+] the arrest of the head of the banned Shiite opposition movement Al-Wefaq, Sheikh Ali Sa...
For The U.S., There Is No Net-Zero Without Major Permitting Reform
WASHINGTON, DC – OCTOBER 06: Sen. Joe Manchin (D-WV) speaks at a press conference outside his office … [+] on Capitol Hill on October 06, 2021 in Washington, DC. Manchin spoke on the debt ...
Celsius creditors face fallout from U.S. bankruptcy disclosure process
Celsius filed a trove of documents this week containing users’ names and information about certain transactions, setting off a wave of concern among some creditors, despite the disclosure of such info...
Two Areas Where The U.S. And China Can Still Work Together
“It’d be shortsighted not to understand that international engagement is going to be critical in … [+] order for us to accomplish the goal of curing cancer,” Memorial Sloan Kettering Cance...
Weekly MacroSlate: A fourth 75bps fed rate hike is now on the cards due to a strong U.S jobs report. What does this mean for Bitcoin?
Macro Overview Bank of Japan attempts to rescue the Yen On Sept. 22, the Bank of Japan (BOJ) became the first central bank to intervene with their currency to prevent a currency collapse through FX in...
Greener Industrial Chemicals, EV Fleet Challenges And Tesla’s Record Deliveries
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. Anadolu Agency via Getty Images In the 19...
Bitcoin And Ethereum Were Potential Inflation Hedges, What Went Wrong?
Bitcoin, Ethereum and other cryptocurrencies, have been described as offering a store of value, but … [+] that hasn’t happened yet in 2022 (Photo illustration by Jakub Porzycki/NurPhoto vi...
Bitcoin drops below $20,000 following U.S. jobs data; DXY dollar index soars
Crypto prices plummeted following the lowest monthly job figures out of the U.S. since last December. The U.S. added 263,000 new jobs in month of September, above expectations of 255,000 and below th...
Oil Prices Hold Steady. U.S. Said to Be Looking at Relaxing Venezuela Sanctions.
Oil prices on Thursday largely held to gains from the previous session despite a report from The Wall Street Journal that the U.S. government could relax sanctions on Venezuela to allow new supply ont...
U.S. ‘would be lucky’ to get a mild recession, Ken Rogoff warns
Investors should pray for a mild recession from the Fed’s aggressive interest rate hikes, according to Harvard University professor of economics and author Ken Rogoff, because it could get much ...