Cryptocurrencies

“Trump signs executive order establishing U.S. strategic bitcoin reserve”

“President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve. White House Crypto and AI Czar David Sacks said the reserve will be funded exclusively with bitcoin seized in criminal and civil forfeiture cases, ensuring that taxpayers bear… Continue Reading…

Economy

“U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury secretary says”

“President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary Scott Bessent said Thursday. The U.S. is deploying sanctions against Iran aggressively for “immediate maximum impact,” Bessent told… Continue Reading…

Economy

“Wealth creation is booming as multimillionaire population jumps 5.2% in the U.S.”

“…The number of high-net worth individuals — or those with assets worth more than $10 million — rose 4.4% worldwide in 2024, to 2,341,378, but jumped 5.2% in North America, according to the annual Wealth Report by global real estate consultancy Knight… Continue Reading…

Economy

Ukraine: Trump’s Pauses Military Aid

“Ukraine said on Tuesday its forces could hold their own on the battlefield as they fight Russian troops after U.S. President Donald Trump paused military aid to Kyiv in the most dramatic step yet in his pivot towards closer ties… Continue Reading…

Economy

“London is richer than anywhere else in Britain – but the city is dying” [Aging Population]

“London isn’t as young and vibrant as it used to be. It may be the richest and most productive city in Britain, but the capital is also ageing at the same rate as England’s rural villages… Between 2001 and 2022,… Continue Reading…

Energy

“U.S. crude oil falls nearly 3%, closes below $68 on report Saudi committed to production increase”

“…Prices are also under pressure on the expectation that oil production will rise in Libya. Factions in the North African country reached a deal Wednesday to appoint a new central bank governor. A political dispute over who should lead the… Continue Reading…

Economy

“Trump threatens ’200% tariff’ if John Deere moves production to Mexico”

“Former President Donald Trump threatened John Deere with a 200% tariff if the agricultural manufacturer moves some of its production to factories in Mexico. John Deere plans to shift production of some of its models to Mexico, a move that… Continue Reading…

Business

“…California sues ExxonMobil, alleging deception about plastics recycling”

“…“Exxon Mobil knew that 95% of the plastic in the blue bin was going to be incinerated, go into the environment or go into a landfill,” California Attorney General Rob Bonta said in an interview. “They knew and they lied.”… Continue Reading…

Business

“UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment”

“Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States aims to push the United Arab Emirates-U.S. relationship to a new “geo-economic phase” centered on economic growth and innovation, top officials said ahead of a… Continue Reading…

Banking

“10-year Treasury yield gains for week even after Fed rate cut”

“…The 10-year Treasury yield was last down around 1 basis point at 3.732%. The 2-year Treasury note yield fell around 2 basis points at 3.585%. The yield on the 10-year Treasury was higher by almost 8 basis points for the… Continue Reading…