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What Trump controlling the Fed board actually means for monetary policy

What Trump controlling the Fed board actually means for monetary policy

President Donald Trump has made it eerily clear that he wants to take control of the entire Fed board. And if he does, the way America handles interest rates, inflation, and the economy could change f...

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1 min
U.S.–Japan trade talks stalled after the Trump administration demanded that Japan buy more American rice

U.S.–Japan trade talks stalled after the Trump administration demanded that Japan buy more American rice

The U.S government’s demand for Japan to import more American rice is the latest wrench stalling plans for the drawn-out trade negotiations. According to a Saturday report by the Nikkei newspaper, the...

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1 min
Cred founders jailed over $140M fraud, receive 88-month sentences

Cred founders jailed over $140M fraud, receive 88-month sentences

The case involving Cred LLC, a San Francisco-based cryptocurrency lending firm that filed for bankruptcy in November 2020, has been resolved with a sentencing that will see its founder and CFO spend t...

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1 min
Tether pauses USDT freeze across five blockchains

Tether pauses USDT freeze across five blockchains

Stablecoin issuer Tether has announced that it will halt its previous plans to freeze USDT on five blockchains. According to the stablecoin firm, the plan to freeze USDT smart contracts on the five ch...

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1 min
Super Micro drops nearly 5% following internal audit issues

Super Micro drops nearly 5% following internal audit issues

Super Micro Computer shares declined almost 5% on Friday after the firm reported weaknesses in its internal controls. In its annual filing with the SEC, the firm identified issues in its financial con...

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1 min
Strategist Warns Gold Surpassed US Treasuries as Reserve Asset: A Dollar Rebalancing Might Follow

Strategist Warns Gold Surpassed US Treasuries as Reserve Asset: A Dollar Rebalancing Might Follow

Otavio Costa, an economic strategist, recently highlighted that the U.S. treasuries had been displaced by gold to become the main reserve asset held by central banks around the world. Costa believes t...

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1 min
Germany’s inflation rose to 2.1% in August, beating forecasts and putting pressure on households

Germany’s inflation rose to 2.1% in August, beating forecasts and putting pressure on households

Germany just blew another chance to pull itself out of the ditch. On Friday, new economic data from Destatis showed rising inflation, surging unemployment, and no sign of recovery in sight, as the cou...

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1 min
Ukraine may recover $10 billion with adequate cryptocurrency regulation

Ukraine may recover $10 billion with adequate cryptocurrency regulation

Ukraine has been losing billions of U.S. dollars in budget revenues as a result of crimes related to cryptocurrencies, a new report has indicated. Proper crypto oversight can help the war-torn country...

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1 min
Consumer sentiment fell to a three-month low of 58.2 in August, down from 61.7 in July

Consumer sentiment fell to a three-month low of 58.2 in August, down from 61.7 in July

U.S. consumer confidence slipped again in August, with the University of Michigan’s final sentiment index falling to 58.2 from July’s 61.7, the lowest in three months. An earlier flash reading had sug...

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Fed’s favorite inflation gauge surges 0.4% in July, cementing a September rate cut

Fed’s favorite inflation gauge surges 0.4% in July, cementing a September rate cut

The U.S. economy just gave the Federal Reserve its next move. The Personal Consumption Expenditures price index, the central bank’s preferred tool for tracking inflation, climbed 0.4% in July, confirm...

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1 min
Intel CFO confirms receipt of $5.7 billion from US government

Intel CFO confirms receipt of $5.7 billion from US government

Chip-making firm Intel has revealed it received $5.7 billion as part of the deal negotiated with the US government to acquire a 10% stake in the company. Chief finance officer David Zinsner revealed a...

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1 min
Denmark rallies support for EU sanctions on Russia’s crypto revenue to push peace talks

Denmark rallies support for EU sanctions on Russia’s crypto revenue to push peace talks

Denmark wants the EU to restrict Moscow’s cryptocurrency transactions as part of fresh European sanctions against Russia to be discussed in Copenhagen this week. EU ministers are gathering to consider...

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1 min