Why is Japan in the middle of US-China rivalry
Japan, the historical titan of the East, now finds itself caught in the midst of a modern-day superpower showdown between the US and China. Both the Pacific giants view Japan as a pivotal player in their global chess match, yet Japan’s stance remains as enigmatic as ever. What’s behind this intense spotlight on Japan? Tokyo’s […]
Biden’s family bagged $20m from shady foreign sources
Joe Biden’s family has lately been under the intense scrutiny of the ever-watchful public eye. The US House Oversight Committee’s recent disclosure has thrown the financial dealings of the Biden family into a tempest of questions. A whopping $20 million sourced from foreign entities has added another layer to the unfolding political drama. Hunter Biden’s […]
The impact of US-Russia nuclear war on Americans
The shadow of a devastating nuclear confrontation between the US-Russia looms large over the horizon. It’s a grim picture painted by U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.), one that warns of catastrophic consequences reaching far beyond the borders of the two superpowers. With a chilling potential for over five billion casualties, including […]
US state banks now need Fed’s nod for crypto activities
If there’s one thing the world of finance knows, it’s that when the U.S. Federal Reserve takes a stance, you better pay attention. In a bold move, the Fed has just mandated that state banks under its jurisdiction will need an official written approval before delving into certain crypto activities, specifically involving dollar tokens. These […]
Robert Kennedy Jr: I will end corruption in America
The political milieu has been rocked by Robert Kennedy Jr.’s audacious assertion: a commitment to dismantle the longstanding corrupt cogs within America’s governmental machinery. In an era dominated by political showboating and veiled agendas, Kennedy’s words not only challenge the status quo but also compel the populace to confront the unsettling reality of the nation. […]
U.S. financial sector takes on new capital rules
As U.S. financial markets evolve, the sector finds itself contending with new capital regulations that have the potential to reshape the landscape. In the shadow of recent financial crises, regulators in the nation’s capital have implemented a vast overhaul of capital requirements, causing ripples of concern and critique within banking industry circles. However, despite the […]
Fitch’s downgrade of U.S. debt finds solid ground
Few can argue with Fitch’s decision to slash the U.S. rating from AAA to AA+. When a revered institution sounds the alarm over America’s swelling debt and wavering fiscal discipline, it’s time to sit up and listen. A decade has passed since Standard & Poor raised eyebrows by cutting its rating on U.S. debt. Yet, […]
Coinbase will continue to suffer until crypto proves its worth
Coinbase, the digital currency behemoth, may have posted encouraging financial figures recently, but its journey to dominance is still plagued with hurdles. The crypto realm, dominated by volatile trading and speculations, raises questions about its everyday utility, leaving businesses like Coinbase dangling on uncertain strings. Facing the Crypto Conundrum Goldman Sachs, a banking giant, isn’t […]
Miami Mayor Francis Suarez set to accept crypto for 2024 presidential campaign
In a groundbreaking move, Miami Mayor Francis Suarez, has announced his decision to accept cryptocurrency donations for his 2024 presidential campaign. Known for his pro-crypto stance and ambition to challenge incumbent President Joe Biden, Suarez unveiled this development during a recent Coindesk TV broadcast. Suarez’s foray into the world of digital currencies underscores his commitment […]
Federal Reserve’s reaction to U.S. inflation data
As the sun rises on a new economic horizon, the Federal Reserve stands at a precarious intersection of expectations and reality. The looming U.S. inflation data has been casting shadows of doubt on the nation’s financial stability, but recent insights hint at a silver lining that could change the narrative. Though optimism has always been […]
JPMorgan economists foresee steady U.S. economic growth
In a significant departure from their earlier forecasts, JPMorgan’s team of economists has abandoned predictions of an imminent U.S. recession. Leading the way is the bank’s Chief U.S. Economist, Michael Feroli, who exudes confidence that the American economy will chart a path of modest yet consistent growth for the remainder of this year and well […]
Tech giant Google under siege: Monopoly trial looms
The tables are turning against the tech titan, as Google braces itself for a courtroom battle with the US government. A federal judge’s recent decision has ensured that Google will face a trial next month, accused of suppressing competition for internet search. The monumental case, even in its narrowed form, marks a critical juncture in […]
US and China reopen talks of friendship – The latest
A promising turn of events has come to light in the complicated relationship between the US and China. Both superpowers are forging new paths of communication to address some of the most contentious issues, marking a significant step towards stabilizing the relationship that has been strained for some time. Here’s a look at how this […]
White House warned over allowing US funds in Chinese markets
The White House finds itself under renewed scrutiny as the head of the House China committee calls for comprehensive restrictions on U.S. investments in China’s public markets. With a new executive order on the horizon, lawmakers urge the White House to tackle the perceived security threat that Beijing poses, arguing that anything less will fall […]
Binance faces potential fraud charges from U.S.
In a daunting turn of events that could reshape the landscape of the cryptocurrency industry, Binance, the world’s largest crypto exchange, finds itself under the stern eye of U.S. authorities, as it faces potential fraud charges. The U.S. Department of Justice’s contemplation of charges is tainted with apprehension over the detrimental fallout to consumers and […]
Decoding the accusations against Donald Trump
Navigating the legal landscape surrounding Donald Trump seems as complex and intricate as the political life of the former president himself. A series of legal battles are underway that entangle Trump in controversies over his conduct, classified document handling, and matters related to the 2020 presidential election. With at least six separate legal skirmishes, there’s […]
US-based Chinese ETF holders disregard growth commitment
Despite China’s recent indications of bolstering economic support during the nation’s strenuous recovery from the pandemic, investors in US-listed Chinese ETFs have largely disregarded the pledge, reacting with indifference. Information from VettaFi’s database illustrates this unexpected response, as only one ETF attracted significant inflows in the wake of the Chinese government’s announcement. What should have […]
Why is the crypto market up today?
The crypto markets have seen a dark 24 hours following hacks and false news in the market. However, that did not last long. The digital asset market’s resilience has been witnessed since Asian markets opened this morning. As reported, Bitcoin’s price sits above $29,400. Both bitcoin and ether started the Asian trading day in the […]
South Korea ditches China for the U.S. – Why?
The geopolitical landscape is shifting as South Korea moves away from China and aligns more closely with the U.S., a tectonic shift with potential consequences for the global economic balance. While the shift may seem gradual, it’s as clear as day and backed by hard facts. South Korea’s journey from being intertwined with China to […]
China’s legacy chip surge concerns US and Europe
China’s strategic expansion into the production of legacy semiconductors is sending shockwaves across US and European governing bodies. In response to the broad controls imposed by the Biden administration on advanced chips, China is pumping billions into the production of older-generation chips that still serve as vital components in modern technology. These chips play a […]
Why U.S. and EU need a new approach for their relationship
Today’s world is caught in a whirlwind of challenges that surpass the traditional borders of military defense. It’s not just about facing down an adversary on the battlefield; the threats we face have mutated into forms that our existing systems can scarcely comprehend. The complex relationship between the U.S. and EU is at a critical […]
China steals US’s thunder on GPS dominance
The waves of technological advancement are changing, and China is riding the crest. A new era dawns in global navigation, as the long-standing dominion of the United States in the field of satellite technology faces a formidable challenge. China’s Beidou constellation is not just a reflection of emerging prowess but a testament to strategic vision […]
Growing hope for U.S. economy’s gentle slowdown
The U.S. economy’s vibrant heartbeat is pulsing with hope, even as it gently decelerates. With the Federal Reserve’s tightening monetary policy, the storm clouds of recession are parting, and optimism is on the rise. The recent series of interest rate hikes hasn’t sent the economy into the doldrums. Instead, it’s shaping a soft landing – […]
BRICS potential to topple US dollar with gold
The power dynamics of global currency are perpetually in a state of flux, but one constant has been the steadfast position of the U.S. dollar as the world’s reserve currency. Yet, even this might be under threat. A shadow has crept over the American financial landscape, and it’s shining with the luster of gold. The […]
Europe losses against China and US in this competition
Amid the unstoppable surge of global competition, Europe finds itself facing a mounting challenge in maintaining its competitive edge against the titans of industry, namely China and the United States. The high stakes contest between the powerhouses is putting the continent’s chemical and automotive industries under intense scrutiny as escalating energy costs, particularly during this […]
US Congressman involved in a fraudulent crypto scheme
US Congressman George Santos, a first-term member of the House of Representatives, is currently facing indictment for thirteen felonies, including alleged embezzlement of contributions, fraudulent collection of unemployment checks, and providing false disclosures to the House. Among the array of charges, one of his more peculiar schemes involved cryptocurrency and seemed to be reminiscent of […]
U.S. debt won’t stop climbing — Here’s why
With an unfettered trajectory, the U.S. national debt continues to scale unprecedented heights. But is this uncontrolled escalation simply a manifestation of careless policymaking in the corridors of Washington? While this narrative may fit the popular discourse, the undercurrents shaping America’s burgeoning debt are far more structural and complicated. Let’s take a deep dive into […]
Brian Armstrong calls on U.S. lawmakers to sign on crypto bills
In a drive to press forward the growth of the cryptocurrency industry, Brian Armstrong, the CEO of Coinbase, is turning the heat up on U.S. lawmakers. He’s called for action, using his influential position to push for the approval of two crucial cryptocurrency bills. This urging is not without substance or reason but stems from […]
Federal Reserve raises U.S. interest rates to 22-year high
Brace yourself, the United States! The Federal Reserve is going full steam ahead in its war against inflation, as it pushes the benchmark interest rates to a high unseen in over two decades. The committee nudged the federal funds rate to a 5.25-5.5 per cent target range on Wednesday. And believe me, they’re not stopping […]
Congressional committee set to vote on crypto bills
An air of anticipation wraps Capitol Hill as the House Financial Services Committee gears up to cast votes on a host of crypto bills. This significant development paints a hopeful future for the digital asset industry as the U.S. legislature is finally drawing a regulatory net around cryptocurrencies – a movement that is seen as […]
Are U.S. investors still afraid of potential recession?
The ghost of an impending economic downturn still lingers on Wall Street. Despite the healthy numbers from the broader stock market and robust economic data, U.S. investors remain apprehensive. This sense of trepidation has led them to steer clear of consumer companies vulnerable to an economic slump. A muted enthusiasm amid market gains This year […]
Blinken: The whole world wants China and US to be best friends
Stability and cooperation between the United States and China, the world’s two largest economies, are high on the global wish list, according to Antony Blinken, the U.S Secretary of State. Blinken’s sentiments express an urgent appeal for a responsibly managed relationship between the two superpowers, as he feels a universal yearning for the countries to […]
Top U.S. stocks at turning point with Fed’s move
Major U.S. equities are on the brink of a defining moment as the Federal Reserve gears up to execute what could be the concluding rate hike in one of the most assertive monetary policy constricting cycles witnessed in years. The ongoing year initially signaled potential doom for investors who anticipated that soaring interest rates would […]
Debt rankings show U.S. and Singapore on top
Headlines in the world of finance and economics have been dominated by the latest data on sovereign debt per capita across the globe. Notably, the United States and Singapore have taken the helm in a race no country aspires to lead. This startling revelation comes following a comprehensive examination of United Nations’ data, which underscored […]
Tech CEOs urge US to rethink China restrictions
In a bid to potentially reshape the United States’ stance on export restrictions to China, top tech executives recently aired their concerns to key Biden administration officials. Executives from Intel, Nvidia, and Qualcomm highlighted the potential risks to America’s leadership position in the chip industry and encouraged the administration to reconsider the ramifications of these […]
Cash dash climax? Bank of America’s unexpected view
The financial landscape has recently been marked by a scramble towards cash, a reaction to uncertainty and upheaval in the market. However, recent insights from the Bank of America’s global research team suggest we may be witnessing the culmination of this investor sprint. Riding the waves of cash flows Throughout this tumultuous year, investors have […]
House Republicans propose crypto regulatory framework
The dawn of an epoch-making legislation aimed at putting the fast-paced crypto sector under a regulatory microscope is upon us, with US lawmakers putting forward the Financial Innovation and Technology for the 21st Century Act. Advocating for a rigorous structure to guard consumers, stimulate ingenuity, and secure America’s dominance in financial and technological sectors, this […]
BRICS catches 22 more countries’ eyes – You there, U.S.?
The BRICS alliance, standing for Brazil, Russia, India, China, and South Africa, is increasingly becoming a beacon of hope for emerging economies. As of now, over 40 nations have shown a desire to join this burgeoning bloc, illustrating the potential power shift on the global stage from the U.S. led West to a more diversified […]
Big Tech’s worst nightmare is US antitrust plans
Bracing for a storm, Big Tech faces an uneasy future as the U.S. antitrust enforcement agenda gains momentum. President Joe Biden’s administration continues to scrutinize mergers and acquisitions, underlining the growing skepticism towards large-scale deals, particularly within the technology sector. The hard stance on Big Tech’s mergers and acquisitions Over the years, corporate amalgamations have […]
China’s stern warning to the US over chip restrictions
With rising tensions regarding technology and trade between the United States and China, the latter has sent a clear message to Washington, cautioning against restrictive measures. In the face of growing US scrutiny over foreign investments, particularly in the tech sector, China is prepared to counteract any national security measures levied against it. Ambassador Xie […]
