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Economy
#economy
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Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
Shipping invoice on Saudi, China oil route hits highest level in 2.5 years
Shipping costs for oil from Saudi Arabia to China just jumped to $87,000 a day, the highest rate in two and a half years, according to Bloomberg. That’s the current price tag for moving 2 million barr...
4 min
Trump’s Treasury Secretary credits POTUS ultimatum for TikTok China deal
Treasury Secretary Scott Bessent said Tuesday that Donald Trump made it clear he was ready to shut down TikTok completely in the U.S., and that decision forced China to make concessions. “President Tr...
4 min
The Senate confirmed Trump advisor Stephen Miran to the Federal Reserve Board in a close 48–47 vote
On Monday, the Senate voted to confirm Trump advisor Stephen Miran, one of the White House’s leading economic voices, to the Federal Reserve Board of Governors. Senators voted 48–47, which split mostl...
3 min
A U.S. appeals court blocked President Trump’s attempt to fire Federal Reserve Governor Lisa Cook
A federal appeals court has blocked Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook. This is the first instance the president has pursued such action since the central bank’s foundin...
4 min
Oracle stock jumps as S&P 500 closed 0.4% higher, crossing the 6,600 level for the first time
Oracle jumped over 3% on Monday, moving with serious momentum after Donald Trump’s White House confirmed a preliminary TikTok deal was reached during U.S.-China trade talks in Madrid. The S&P 500 also...
4 min
It’s a Huge Week: What Will the Fed Decide on Wednesday? What Will Jerome Powell Say?
Interactive Brokers chief strategist Steve Sosnick said the Fed may scale back expectations of future interest rate cuts ahead of this week's interest rate decision. Sosnick stated that markets have a...
2 min
India and the US to hold fast-tracked trade talks in Delhi amid 50% tariff hike on Indian goods
India and the US will meet for trade negotiations in Delhi on Tuesday, only weeks after Donald Trump raised duties on Indian goods, a move that helped push the country’s exports to a nine-month declin...
3 min
Fed Slashes Interest Rates: Economic Impacts Ripple Across Financial Markets
Fed to announce its first interest cut in nearly a year. Fitch Ratings warns of inefficiencies due to Trump policies. Continue Reading: Fed Slashes Interest Rates: Economic Impacts Ripple Across Finan...
1 min
China accuses the U.S. of “unilateral bullying” over calls to impose tariffs on Russia
China came out swinging on Monday, accusing the United States of using “unilateral bullying” to force allies into slapping tariffs on Chinese goods over its oil dealings with Russia. The statement was...
4 min
BIS warns of fiscal risks as hedge funds take on government loans
The Bank of International Settlements (BIS) has warned that the disconnect between record global stock prices and increased government debts risks financial stability. The bank’s survey shows that inf...
4 min