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Cryptocurrencies

“Wyoming is pushing crypto payments and trying to beat the Fed to a digital dollar”

“…The state is creating its own U.S. dollar-backed stablecoin, called the Wyoming stable token, which it plans to launch in the first quarter of 2025 to give individuals and businesses a faster and cheaper way to transact while creating a… Continue Reading…

Banking, Economy

“Biden’s Treasury accused of trying to juice U.S. economy pre-election”

“The Treasury Department is being accused of trying to juice the economy ahead of the election, by changing how it finances government spending… The accusation: Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt,… Continue Reading…

Stocks

“Nordstrom shares jump 9% on report retailer is trying to go private”

“…The retailer’s founding family is working with Morgan Stanley and investment bank Centerview Partners to determine if private equity firms have interest in a deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment. A deal might not happen,… Continue Reading…

Business

“Warren Buffett is trying to tell us something about the economy with Berkshire Hathaway’s earnings and the $147 billion of cash on hand”

“Warren Buffett can’t find bargains the way he used to. On Saturday, his Berkshire Hathaway reported its cash pile reached $147 billion while operating profits jumped 7% year-on-year to $10 billion in the second quarter. That’s a solid performance, but the growing hoard… Continue Reading…

Business, Real Estate

Blackstone Is Having Trouble Trying To Figure Out How To Steal As Much Money As Possible

“Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and… Continue Reading…