The S&P 500 index is down 3.0% on Friday after the U.S. Bureau of Labour Statistics said inflation accelerated again and hit a new forty-year high of 8.6% in May. Mohamed El-Erian reacts to the in...
Tag: U.S.
Terra’s Do Kwon May Face Charges In The U.S. As Money Laundering Accusations Emerge
Terra CEO Do Kwon has been in hot water ever since the collapse of the network last month. After the UST lost its peg and the price of LUNA (Now LUNC) crashed below zero, there had been calls for inve...
AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High – Market Updates Bitcoin News
AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-yea...
U.S. Inflation Hits Four-Decade High of 8.6%
Key Takeaways Today’s U.S. inflation numbers came in at 8.6%, hitting a fresh 41-year high and significantly exceeding economists’ expectations. Inflation reaccelerating despite the Federa...
Deloitte Finds Most U.S. Retailers Eager To Adopt Crypto
A Deloitte report revealed that around 75% of all U.S. retailers want to enable crypto payments within the next two years. Retailers Bullish Towards Crypto On Wednesday, Deloitte released its “Mercha...
Research Shows Over 90% of U.S. Companies Accepting Crypto Record Sales Increase
Based on the latest research, increasing utility and accessibility are fueling business expansion as the digital currency ecosystem expands. In general, retailers have been found to be sensitive to th...
NASA Launches Study On UFOs
Topline The National Aeronautics and Space Administration has assembled a team to study unidentified aerial phenomena (UAPs) – popularly described as UFOs, or unidentified flying objects – the agency ...
The Proposed 2023 Defense Budget Doesn’t Meet U.S. Security Goals
Cover from FY23 DOD budget request DOD Will the president’s proposed 2023 federal budget allow the Department of Defense to satisfy the demands of the National Defense Strategy? The short answer is no...
U.S. didn’t get any relief from high inflation in May – CPI to show another big gain
Wall Street is looking for a sign, any sign, that U.S. inflation is coming off a rapid boil. But they are unlikely to find much cooling off in May’s report on consumer prices. The consumer price index...
Cryptocurrency Bill Will Mitigate Key Risks For Web3 Investors, If It Can Pass
Senator Cynthia Lummis, a Republican from Wyoming, left, speaks during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022. The summit is gathering the most influential people f...
Is Johnson & Johnson A Recession-Proof Stock?
AFP via Getty Images Key Takeaways There is increased talk of a potential recession in the cards over the next 12 months Periods of negative economic growth can create a challenging environment for so...
U.S. gas prices hit a record high of $5 per gallon fueled by summer travels
The cost of gas in the United States continues to skyrocket amid an increase in demand fueled by summer travels and pressure on the national reserves. As of June 9, the cost per gallon surpassed an a...
U.S. House votes to raise age to buy an assault rifle to 21
The House on Wednesday passed a sweeping gun bill that would raise the minimum age to purchase an assault rifle in the U.S. from 18 to 21, even though the legislation doesn’t stand much of a cha...
Over 90% of U.S. businesses accepting crypto see revenue grow, data shows
The ecosystem around cryptocurrencies is becoming more developed, and the expansion of businesses is being continuously driven by the greater usability and accessibility of these assets as a payment m...
21 human rights advocates write a letter to U.S. lawmakers to defend crypto
Despite the cryptocurrency market expanding at an unprecedented rate and digital assets becoming adopted almost everywhere as an alternative to traditional money, some authorities have taken a very cr...
U.S. Senators Unveil The Much Awaited Crypto Regulation Bill – crypto.news
Two United States Senators, Cynthia Lummis and Kirsten Gillibrand, announced the release of the much-talked-about cryptocurrency bill. The new regulations contain a strategy for comprehensive guidelin...
Robinhood CEO Showcases Dogecoin as His Best Friend On U.S. National Best Friends Day
– Advertisement – The CEO of Robinhood continues to throw his weight behind Dogecoin again. Vladimir Tenev, the CEO and co-founder of popular trading firm Robinhood Markets, has a best fri...
U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend
There have been multiple sell-off trends recorded in bitcoin since the crash in December 2021. These sell-offs have been responsible for the decline in prices recorded in the digital asset over the la...
Edge Launches No-KYC Mastercard to Allow Users to Spend BTC, ETH, BCH, Doge Across 10M U.S. Merchants
– Advertisement – Several initiatives continue to be rolled out in support of cryptocurrency payments. Edge, a self-custody crypto exchange, has rolled out a new service that will enable ...
U.S. Phasing Out Single-Use Plastics On Public Lands By 2032
Topline The Department of the Interior announced Wednesday it will phase out the sale of single-use plastics on public lands, including in national parks, over the next decade, as federal agencies wit...
Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies
A group of human rights advocates from across the globe have written a letter to U.S. lawmakers, urging them to be concerned about the role of importance of cryptocurrencies against unstable economies...
Volkswagen looks to build new EV facilities in the U.S., exec says
Scott Keogh, VW, in San Francisco, California, Sept. 18, 2018. David Paul Morris | Bloomberg | Getty Images CHATTANOOGA, Tenn. – Volkswagen is “actively” looking to establish new assembly ...
U.S. to ban sale of single-use plastic on public lands, parks by 2032
Trash in the saw grass at the Big Cypress National Preserve Park. Jeff Greenberg | Universal Images Group | Getty Images The U.S. Interior Department said on Wednesday it will phase out the sale of si...
Failure Or Savior? Busting Myths About Switchblade Loitering Munitions In Ukraine
When the Pentagon announced it was supplying Switchblade loitering munitions to Ukraine, the move was met with a wave of enthusiasm. Some people seemed to think the Switchblade was a super-weapon whic...
Gas Now Tops $5 A Gallon In These 13 States
Topline Average U.S. gas prices are now more than $5 per gallon in over a dozen states, according to the latest American Automobile Association data, as prices continue to climb to new record levels d...
How Is The Economy Doing Right Now In 2022?
Getty Images Key Takeaways The stock market performed incredibly well in 2020 and 2021, despite a challenging economic backdrop There’s no real consensus on whether a recession is likely over the next...
Mariah Carey Hit With $20 Million Lawsuit for ‘All I Want for Christmas Is You’
Contributing author: Heather Antoine Mariah Carey performs onstage during her “All I Want For Christmas Is You” tour at Madison Square … [+] Garden on December 15, 2019 in New York C...
People With HIV Face Higher Risk Of Breakthrough Covid, Study Says
Topline Vaccinated people with HIV face a 28% higher risk of contracting breakthrough Covid-19 infections than people without HIV, according to a study published Tuesday by JAMA Network Open that argu...
Bitcoin Bank Custodia Sues Federal Reserve, Demanding Decision On Master Account
A gold plated seal outside inside the Eccles Building, the place of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, Getty Images Bitcoin bank Custodia to...
Pentagon Investigating Whether U.S. Service Member Attacked American Base In Syria
Topline The U.S. military is investigating whether an American service member was involved in carrying out an April 7 attack on the military’s Green Village base in eastern Syria, an incident that lef...
Elon Musk Has Lots To Say About Workers At Tesla–Which Continues To Lead U.S. Carmakers In Safety Violations
Tesla is building electric vehicles as quickly as it can in Fremont, California, but the company continues to lead the U.S. auto industry in workplace safety violations according to OSHA data. AFP via...
Maui’s Public Nuisance Climate Lawsuit
Over 1,300 climate lawsuits have been filed in the U.S. None has yet succeeded. That fact in and of itself should give pause. In countries where plaintiffs who lose lawsuits must pay the defendant’s l...