#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
Paris and Beijing eye stronger ties on AI and shared global priorities
China and France are deepening their bilateral relationship, with a focus on artificial intelligence (AI) and global governance amid shifting international dynamics. Recent high-level dialogues were h...
India pauses Russian oil buys following Trump and Modi talks
Indian refiners are freezing Russian oil deals after President Donald Trump announced that Prime Minister Narendra Modi had agreed to stop taking Russian crude, according to Bloomberg. Trump’s comment...
UK growth stalls at 0.1% as services flatline and construction dips
The UK economy managed to crawl forward by just 0.1% in August, according to data published by the Office for National Statistics. It’s not a recession, but it’s not anything to celebrate either. This...
Bessent believes the current U.S. shutdown will cost the economy as much as $15 billion per week
U.S. Treasury Secretary Scott Bessent stated on Wednesday that the current U.S. government shutdown will cost the economy approximately $15 billion per week. He had previously mentioned $15 billion a ...
US Treasury’s Bessent says yen will stabilize if BOJ sticks to its path
US Treasury Secretary Scott Bessent said the Japanese yen will settle at a fair and stable level if the Bank of Japan (BOJ) continues to take the right monetary policy steps. He made the remarks durin...
S&P 500 rose 0.4% on Wednesday, driven by strong Bank of America and Morgan Stanley earnings
The S&P 500 rallied on Wednesday after Bank of America and Morgan Stanley delivered strong quarterly results that pulled investors back into risk assets, according to data from CNBC. The S&P 500 surge...
FED’s Most Dovish Member Stephen Miran Makes Another Unusual Economic Statement
The re-escalation of trade tensions between the US and China poses new downside risks to the economic outlook. Stating that this situation makes it even more important for the Fed to lower the policy ...
Donald Trump Makes Another Tariff Announcement: Bitcoin and Cryptocurrencies React
US President Donald Trump's new statements regarding the ongoing trade war with China have created selling pressure in the cryptocurrency market as well as in global markets. Trump stated that tariffs...
BREAKING NEWS: FED's Highly Anticipated Beige Book Document Released! Here Are the Details
According to the FED's latest Beige Book report, no significant change has been observed in economic activities across the country recently. Consumer spending declined slightly, employment levels rema...
Ripple CEO Challenges Wall Street Lobbyists on Banking Access
Ripple's CEO challenges Wall Street's opposition to crypto firms entering banking. Access to Federal Reserve master accounts is crucial for crypto firms' growth. Continue Reading: Ripple CEO Challenge...
U.S. won’t ease stance on China despite market swings, Bessent says
Treasury Secretar y Sc ott Bessent made clear on Wednesday that the United States will not back down from its tough position on China just because the stock market has been going up and down. Speaking...
AI and defense spending lead industrial surge
The European industrial sector is outperforming all other sectors this third quarter due to the overwhelming increase in demand for electrification. According to Bloomberg Intelligence data, the MSCI ...