U.S. senator warns White House about BRICS – Details
Senator Marco Rubio is sounding the alarm on the expanding influence of BRICS and its potential to undermine the U.S. and its economic clout. With the Florida senator’s pen taking to RealClearWorld, the message is clear: the growth of this international coalition could spell trouble for America’s ability to leverage economic sanctions as a tool […]
U.S. to auction off $130m in Bitcoin seized from Silk Road
Buckle up, folks, because the U.S. is rolling up its sleeves to dive into the digital treasure trove of the century. We’re talking about a whopping $130 million in Bitcoin, not just any Bitcoin, but ones with a backstory darker than your favorite espresso. Seized from the underbelly of the internet, the infamous Silk Road, […]
Donald Trump discusses his opinions about CBDCs
In recent developments, former President Donald Trump has revisited the topic of central bank digital currencies (CBDCs), crediting Vivek Ramaswamy, a former Republican presidential candidate, for bringing attention to the matter. During a rally in Laconia, New Hampshire, on January 22, Trump acknowledged Ramaswamy as the sole presidential candidate with a crypto framework in his […]
U.S., UK, Australia tighten sanctions on Hamas crypto
The intricate web of international finance is witnessing a significant tightening of its threads as the United States, alongside its allies in the United Kingdom and Australia, intensifies sanctions against Hamas, particularly targeting the militant group’s use of cryptocurrency. This latest move by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) […]
Why is Europe preparing for Donald Trump’s return?
The political landscape of Europe is bracing itself for a potential seismic shift with the looming possibility of Donald Trump’s return to the White House. This prospect, far from being a distant political rumble, is reshaping Europe’s strategic and economic planning. There’s an air of urgency, a sense of gearing up for a challenge that […]
Will global economy thrive or collapse without the U.S.?
The global economy is a vast, intricate web, with each thread intricately woven into the next. At the heart of this web lies the United States, a country whose economic and military prowess has far-reaching implications. But what happens when we pull this central thread? Does the web hold strong, or does it unravel, throwing […]
U.S. jobless claims at the lowest they have been since 2022
Defying the usual economic forecasts and leaving analysts scratching their heads, U.S. unemployment claims have plummeted to their lowest level since the latter part of 2022. In a striking show of labor market strength, initial claims for unemployment benefits in the U.S. took a sharp dive, landing at 187,000 for the week ending January 13. […]
Don’t get it wrong, the U.S. is very much in recession
Amidst the bustling noise of financial forecasts and economic speculations, a stark reality looms over the U.S.: the undeniable presence of a recession. Despite the optimistic clamor for a ‘soft landing’, evidence increasingly points to an economic downturn that’s not just a possibility, but a current reality. The Bond Market’s Tale The bond market, often […]
Indiana announce plans to adopt the cryptocurrency rights bill
Indiana is taking significant steps to safeguard the rights of its residents in the ever-evolving landscape of cryptocurrency. The recently introduced “Use of Digital Assets” bill (HB 1388) by Rep. Heath VanNatter in the Indiana General Assembly (IGA) marks a pivotal moment in the state’s approach to regulating and supporting the burgeoning cryptocurrency sector. Indiana […]
U.S. banks report favorable consumer outlook
The landscape of American finance is witnessing an intriguing paradox. On the one side, there’s a robust consumer resilience fueling the U.S. economy; on the other, a political backdrop where credit is scarce, particularly for the incumbent administration. As U.S. banks unfurl their quarterly reports, a narrative of sturdy consumer financial health emerges, challenging the […]
Vivek Ramaswamy warns U.S. about the BRICS – Why?
Vivek Ramaswamy, a notable figure in the U.S. political landscape and a presidential candidate, has recently turned the spotlight onto a topic that could have substantial implications for the country’s economic future. The core of his concern revolves around the BRICS alliance and their potential move towards a common currency. This move, according to Ramaswamy, […]
South Korea is not impressed by US approval of spot Bitcoin ETFs
Despite the United States embracing the innovative stride of approving a spot Bitcoin ETF, South Korea remains unswayed. The East Asian powerhouse holds firm to its stance, unwavering in the face of what is considered a very important moment in cryptocurrency’s mainstream acceptance. Their unwavering position reflects a deep-rooted caution, demonstrating that not all global […]
Crypto-backed nonprofit sets up shop near D.C. ahead of 2024 election
The crypto world is making its presence felt in Washington, D.C., with the Cedar Innovation Foundation, a new nonprofit, strategically establishing itself near the nation’s capital. This move is part of a concerted effort by the crypto industry to wield influence in Congress, particularly with the 2024 elections on the horizon and various crypto-related bills […]
U.S. interest rate cut bets for 2024 see massive decline
The investment world is recalibrating its expectations for U.S. interest rate cuts in 2024. This shift comes in the wake of recent economic data and comments from Federal Reserve officials, which suggest a more hawkish stance than previously anticipated. Last year, the market was overly optimistic, predicting six or seven quarter-point rate cuts by the […]
Best Crypto Exchanges in 2024: Monitoring Market Performances
The cryptocurrency market is one of the most popular in the world, particularly among Generation Z. Crypto exchanges have been the talk of the crypto community for several months. The failure of multiple crypto exchanges and crypto lending companies over the past several months has left investors unsure of whom to trust. DeFi’s market expansion […]
U.S. bankruptcies soared in 2023 – but in 2024?
2023 was a year marked by a significant uptick in U.S. bankruptcy filings, a surge largely attributed to the aftermath of pandemic-era economic measures, tightening financial conditions, and rising interest rates. The data, released by Epiq AACER, paints a picture of an economy in flux, grappling with the residual effects of COVID-19 and a landscape […]
Americans to face felony charges by the IRS over crypto
In a significant shift in regulatory approach, American cryptocurrency users are now under heightened scrutiny from the Internal Revenue Service (IRS). A new mandate requires U.S. citizens to report any digital asset transactions worth more than $10,000 within 15 days. Failure to comply with this directive could result in felony charges, marking a stringent step […]
Competitors are closing in on BlackRock in U.S. ETF market
BlackRock, a titan in the U.S. exchange-traded fund (ETF) market, is witnessing a gradual erosion of its commanding lead as competitors like Vanguard and smaller firms carve out larger market shares in the booming $8 trillion industry. This shifting landscape is reshaping the dynamics of the ETF market, where BlackRock’s iShares once held unchallenged dominance. […]
AI Adoption – Chief Justice Roberts’ Cautionary Outlook for the Legal System
In a pivotal report released on Sunday, U.S. Supreme Court Justice John Roberts sounded a cautionary note on the adoption of artificial intelligence (AI) within the legal landscape. Emphasizing “caution and humility,” Roberts acknowledged the transformative potential of AI in increasing access to justice and expediting legal processes but warned against its inherent risks. The […]
Crypto’s uncertain path: The Bitcoin ETF dilemma in America
The narrative around the emergence of a Bitcoin ETF in the U.S. paints a picture of inevitability and positive outcomes. Recent developments, such as asset management behemoth BlackRock aligning with the Securities and Exchange Commission’s (SEC) preferred ETF model, indicate a readiness to tap into the so-called “pent-up interest” that Larry Fink of BlackRock referred […]
If D.C. can’t lead America into a crypto revolution, who can?
While America’s federal government struggles to chart a definitive course for the nation’s crypto revolution, the real action is unfolding at the state level. 2023 marked a pivotal year for state-led digital asset policy, setting the stage for more impactful developments in 2024. States like California and New York are at the forefront, with significant […]
Xi Jinping swears no one can separate Taiwan from China
In a move reminiscent of a chess grandmaster’s confident proclamation, Chinese President Xi Jinping recently asserted with unyielding conviction that Taiwan’s separation from China is a notion that belongs in the realm of impossibility. This statement comes as the geopolitical chessboard is getting increasingly complex, with Taiwan soon to elect a new leader amidst heightened […]
Bitcoin bulls rally, defying U.S. inflation data
Bitcoin’s resilience against U.S. inflation data indicates a shift in market sentiment, highlighting the cryptocurrency’s independence from traditional economic indicators. Despite the Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation gauge, showing a lower-than-expected rise, Bitcoin’s price remained stable. This decoupling from inflation data suggests a growing recognition of Bitcoin as a distinct […]
A new chapter emerges in the endless US-China dispute
The ongoing geopolitical chess game between the US-China has entered a new phase with Beijing’s latest maneuver – the ban on exporting rare earth processing technologies. This move, a clear response to the US-led restrictions on advanced computer chip sales to Chinese companies, escalates the already tense relations between the two superpowers. China’s dominance in […]
Is India really plotting a U.S. assassination?
Recent developments have thrust a critical question into the limelight of international politics: Is India, a nation known for its rich history and growing global influence, covertly orchestrating an assassination plot on American soil? This question isn’t just a matter of sensational headlines; it cuts to the core of the intricate and sometimes precarious dance […]
Geopolitical vulnerabilities are going to be America’s demise
The United States’ global influence, once unchallenged and formidable, now faces a myriad of challenges that could herald its decline as a superpower. This isn’t about America losing its charm; its cultural and economic footprint remains undeniable. Yet, beneath the surface, geopolitical vulnerabilities are brewing, threatening to undercut its long-held global dominance. America’s geopolitical hurdles […]
Crypto giants pour $80m into pro-crypto US election committee
In a bold move marking a significant intersection between politics and the evolving world of cryptocurrencies, key players in the crypto industry have committed a staggering $78 million to a political action committee (PAC) named Fairshake. This initiative, spearheaded by Ripple CEO Brad Garlinghouse, signals a concerted effort by the crypto community to influence the […]
UBS CEO expresses doubts over U.S. inflation control
In a candid interview with Le Matin Dimanche, Sergio Ermotti, the CEO of the Swiss banking powerhouse UBS, expressed skepticism about central banks’ ability to rein in inflation effectively. This statement comes amid a critical phase where global financial markets and policymakers grapple with the challenges of balancing economic growth and inflation control. Ermotti’s perspective […]
U.S. investors rethink rate outlook – Here’s why
U.S. investors are recalibrating their expectations for interest rates, as recent market movements signal a potential shift in the economic landscape. The once-popular belief that rates in the U.S. and other parts of the world would remain elevated for an extended period is now being challenged, with the bond market at the center of this […]
How RAND and Billionaires Influenced Biden’s AI Executive Order – Report Claims
In an unprecedented disclosure, a recent report suggests that the RAND Corporation, a well-known nonprofit think tank, has wielded considerable influence in shaping President Joe Biden’s recent AI executive order. This disclosure comes from an AI researcher familiar with the situation, claiming that RAND actively advocated for specific provisions within the executive order. These provisions, […]
US-North Korea tensions flare again: What’s the problem now?
The simmering pot of US-North Korea relations is boiling over yet again. It seems like the world’s longest-running geopolitical soap opera has introduced a fresh episode of tension, where nuclear threats and military maneuvers are as common as popcorn at a movie theater. The latest flare-up pivots around the United States’ blunt warning to North […]
Assessing Russia’s mission of challenging U.S. dominance
Russia’s strategic endeavors, consistently aimed at challenging the preeminence of the United States on the global stage, present a multifaceted geopolitical puzzle. This intricate dance of power and influence unfolds across various domains, from military conflicts to energy politics, revealing a complex web of ambitions and counteractions. Geopolitical maneuvering and the Ukrainian conundrum Vladimir Putin’s […]
Federal Reserve backs Biden’s vision for U.S. economy
The Federal Reserve’s recent pivot towards a more dovish monetary policy stance aligns closely with President Joe Biden’s optimistic outlook for the U.S. economy. This development, which hints at potential interest rate cuts in the coming year, offers a promising respite for American households and businesses grappling with the burdens of high inflation and borrowing […]
China pours trillions of yuan into money markets – and the US?
China, a key member of the BRICS alliance, has unleashed a colossal financial stimulus into its money markets. The People’s Bank of China (PBOC), in an unprecedented move, is infusing commercial lenders with a staggering 1.4 trillion Chinese Yuan, equivalent to $112 billion. This financial jolt, the largest in the Communist nation’s history for medium-term […]
Janet Yellen still striving to mend US-China relationship
U.S. Treasury Secretary Janet Yellen is choreographing a careful yet forward-moving approach towards managing the US-China relationship in the coming year. Her strategy, outlined during a recent event hosted by the US-China Business Council, underscores the United States’ commitment to maintaining robust ties with China, the world’s second-largest economy, despite the complexities and challenges that […]
Recession concerns grip US: White House and public at odds
Amidst the bustling streets and the daily grind of American life, a shadow of uncertainty looms over the economic landscape. Contrary to the optimistic assurances from the White House, a substantial portion of the populace stands firm in their belief that the United States economy is not just teetering but has already stumbled into the […]
Donald Trump is bullish on U.S. economy – Here is why
Amid the ebb and flow of economic forecasts, one voice stands distinctively optimistic. Donald Trump, the former U.S. President, envisions 2025 as a landmark year for the U.S. economy, predicting it to be one of the most remarkable in history, should he be re-elected in 2024. Trump’s confidence seems to radiate from the anticipated momentum […]
Federal Reserve keeps rates steady – but they have a plan
In a move that aligns with the expectations of market analysts and commentators, the Federal Reserve has decided to maintain its key interest rate, marking the third consecutive time this decision has been made. This hold on rates sets the stage for a series of anticipated rate cuts in 2024 and beyond, signaling a strategic […]
Interest costs drive U.S. budget deficit to all-time high
The U.S. federal budget deficit, a topic often wrapped in jargon and economic forecasts, has rocketed to a staggering $314 billion in November. This figure isn’t just a number on a ledger; it’s a historic high for the month and the largest since March. As reported by the Treasury Department, this surge is primarily fueled […]
U.S. DOE Launches Office of Critical and Emerging Technology to Drive Innovation
In a groundbreaking move aimed at fortifying the nation’s position in cutting-edge technologies, the U.S. Department of Energy (DOE) has officially inaugurated the Office of Critical and Emerging Technology. The strategic initiative underscores the government’s commitment to harnessing the potential of artificial intelligence (AI), biotechnology, quantum computing, and semiconductors. With broad applications across clean energy, […]
