Cryptocurrency lender Nexo has acquired a stake in the U.S. federally chartered financial institution Summit National Bank, a subsidiary of Hulett Bancorp (DBA Mode Eleven), which was established in 1...
Tag: U.S.
DocuSign Plans Staff Reductions—Here Are The Major U.S. Layoffs This Year
DocuSign announced plans to cut roughly 9% of its workforce as part of a major restructuring plan, making it the latest U.S. company to reassess its headcount as employers fear the economy could slide...
Unvaccinated 14 Times More Likely To Contract Disease Than Those Without Shot, CDC Says
Topline People vaccinated against monkeypox were 14 times less likely than those who were not vaccinated to contract the disease, Centers for Disease Control and Prevention Director Rochelle Walensky ...
U.S. Gearing Up For Offshore Storage By Establishing Rules Of The Game
Emily Pickrell, UH Energy Scholar 378913 01: Pennzenergy Company Oil Exploration Drilling Rig In The Gulf Of Mexico During Sunset. … [+] (Photo By Getty Images) Getty Images We are still in the ...
Two Key Dates Will Reveal U.S. Stock Market’s Fate
Studying the stock market’s movements getty Frustrated, puzzled and concerned about this sinking stock market? Hang on. It is in an important two-week period that should provide better understan...
Senator Lummis calls out U.S. leaders to welcome Bitcoin as it ‘can’t be stopped’
United States senator for Wyoming Cynthia Lummis has suggested Bitcoin (BTC) has the potential to solve existing financial sector challenges like inflation. According to Lummis, Bitcoin ‘can’t be sto...
What’s The Problem? UK Economic Policy Mirrors Successful 1980s U.S. Effort
LONDON, ENGLAND – JULY 14: Secretary of State for Business, Energy and Industrial Strategy Kwasi … [+] Kwarteng (R) intridcues Conservative leadership candidate Liz Truss (L) as she launch...
Golden State Warriors, Washington Wizards Meet In Japan, Continuing NBA’s International Push
Golden State Warriors’ Stephen Curry (30) celebrates as Brooklyn Nets’ Patty Mills (8) walks away … [+] during the second half of an NBA basketball game Tuesday, Nov. 16, 2021 in New...
Zach Dexter to head FTX U.S. as the crypto exchange moves to Miami
Zach Dexter will move up from heading FTX’s U.S. derivatives unit to take over the entire operation in the wake of president Brett Harrison’s departure, a person with direct knowledge of t...
USMNT Expectations For 2022 FIFA World Cup Are Falling. Maybe That’s Good?
From left, Aaron Long, Walker Zimmerman, Weston McKennie and Giovanni Reyna stand in a defensive … [+] wall in the United States’ 2-0 friendly defeat to Japan on Friday in Duesseldorf, Ger...
Fed Chairman Confirms That A U.S. CBDC Would “Not Be Anonymous”
Federal Reserve Chairman Jerome Powell said that a central bank digital currency (CBDC) in the U.S. would “not be anonymous” during an event hosted by the Bank of France on Tuesday. He described the ...
U.S. Blew Up Russian Gas Pipelines Nord Stream 1 & 2, Says Former Polish Defense Minister
A former Polish defense minister and current member of European parliament attributed to the United … [+] States the sabotage of two Russian natural gas pipelines, Nord Stream 1 and 2. Getty A f...
California, New York and other U.S. states take action against crypto lender Nexo
A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday. California’s Department of Financial Protection and Innovation issued a cease and desis...
Buy ‘international equities’ to capitalise on strong U.S. dollar: Pro
Investors should look for opportunities in international equities as the dollar continues to gain and retain strength, says David Herro – the Vice President of Oakmark Funds. U.S. dollar ...
Hertz picks a ‘foreign’ partner to boost EV adoption in the U.S.
Hertz Global Holdings Inc (NASDAQ: HTZ), on Tuesday, partnered with BP plc (LON: BP) to build a network of EV chargers across the United States. Deal to help boost EV adoption The car rental company i...
The U.S. housing market stares down an even bigger economic shock—mortgage rates near 7%
Unbeknownst to buyers lining the sidewalks outside of frenzied open houses this spring, the Pandemic Housing Boom was already in its final inning. In March, Fortune published a pair of articles titled...
Has Amazon Stock Peaked?
| Getty Images Key Takeaways Investors are concerned that Amazon stock might still be overvalued, and the downward trend of the company’s stock price suggests that is the prevailing opinion. Yesterday...
Crypto lender Nexo obtains U.S. bank charter through acquisition deal
The crypto market has been battered this year, with nearly $2 trillion wiped off its value since its peak. Jonathan Raa | Nurphoto | Getty Images Cryptocurrency lender Nexo on Tuesday announced it has...
Liz Truss’s Economic Plan Deserves A Chance
UK Prime Minister Liz Truss. (Photo by Yui Mok/PA Images via Getty Images) PA Images via Getty Images This morning, the internet was abuzz with news that the British pound had fallen to historically l...
Nexo Hit With Cease and Desist Orders From Eight U.S. States
Key Takeaways Eight U.S. state regulators have issued cease and desist orders or similar charges against the crypto lender Nexo. Those regulators consider Nexo’s Earn Interest Product, which off...
Putin Gives Former NSA Contractor Edward Snowden Russian Citizenship
Topline Russian President Vladimir Putin on Monday signed a decree granting Russian citizenship to Edward Snowden, a former security consultant who fled the U.S. after leaking highly classified inform...
Wells Fargo Reportedly Plans Staff Reductions—Here Are The Major U.S. Layoffs This Year
Wells Fargo reportedly announced plans for its 10th round of layoffs since April, making it the latest U.S. company to reassess its headcount as employers fear the economy could slide into recession. ...
Iranian Official Says U.S. Is Using Hijab Protests To ‘Weaken’ Iran As Demonstrations Spread Globally
Topline Iran has accused the U.S. of capitalizing on nationwide mass protests against Iran’s strict rules on women’s dress after the death of a 22-year-old woman in police custody, saying the U.S. is ...
Will The U.S. See A Recession?
Federal Reserve Chair Jerome Powell departs after speaking at a news conference Wednesday, Sept. 21, … [+] 2022, as the Fed has raised interest rates will it push the U.S. into recession? (AP Ph...
Convertible sales fall in U.S. amid popularity of EVs, SUVs
2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport...
U.S. Tax Law’s Retrograde Treatment Of R&D Is A Threat To National Security
In February of 2020, long before he was chosen to be the next National Security Advisor by president-elect Joe Biden, Jake Sullivan co-authored an essay in Foreign Policy about the nexus between econo...
Boosting Domestic Production Of 5G Technology Is Important To Ensure Long Run U.S. Economic Primacy
Russia’s invasion of Ukraine and China’s increasingly bellicose rhetoric across the Asian Hemisphere have caused policymakers to realize that we cannot depend on these countries for materials critical...
U.S. Department of Defense up to Evaluate National Threat from Crypto; Asked for Probing
A crypto intelligence company was engaged by the US Department of Defense to assess the potential security risk posed by cryptocurrency. Inca Digital has been charged by DARPA, the Defense Advanced Re...
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led...