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Category: Economy

Trump reciprocal tariffs could come by Thursday, White House says
Economy

Trump reciprocal tariffs could come by Thursday, White House says

February 13, 2025

President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday,…

Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’
Economy

Ray Dalio to the Trump administration: Cut debt now or face an ‘economic heart attack’

February 13, 2025

Dalio stressed that governments are responsible, and that leaders should make a pledge to reduce the U.S. budget deficit from…

Elon Musk calls for the U.S. government to delete entire agencies: ‘Remove the roots of the weed’
Economy

Elon Musk calls for the U.S. government to delete entire agencies: ‘Remove the roots of the weed’

February 13, 2025

"I think we do need to delete entire agencies, as opposed to leave part of them behind ... It's kind…

Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Economy

Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites

February 12, 2025

Investor Kingsley Jones names his favorite investment bank stocks and says "Wall Street, in general, will do quite well" under…

India’s oil minister says ‘we play by the rules,’ as markets weigh U.S. energy sanctions
Economy

India’s oil minister says ‘we play by the rules,’ as markets weigh U.S. energy sanctions

February 12, 2025

"We play by the rules. If there is an international sanction, which is anchored, we would not want to go…

Economy

GM expects to mitigate up to 50% of potential North American tariffs, which Ford describes as ‘chaos’

February 12, 2025

CEO Mary Barra said GM has contingency plans ready for if tariffs are levied on auto parts and vehicles coming…

Anduril to take over Microsoft’s $22 billion U.S. Army headset program
Economy

Anduril to take over Microsoft’s $22 billion U.S. Army headset program

February 12, 2025

Anduril Industries will take control of Microsoft's multibillion-dollar augmented reality headset program for the U.S. Army. ...

Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid
Economy

Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid

February 12, 2025

Tesla shares fell 6% on Tuesday and have dropped for five straight days, wiping out over $200 billion in market…

Judge to consider extending pause on Trump’s federal worker buyout plan
Economy

Judge to consider extending pause on Trump’s federal worker buyout plan

February 10, 2025

The buyout plan has been promoted by Elon Musk, the head of President Donald Trump's so-called Department of Government Efficiency.…

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Crypto World

1
Cryptocurrency

Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab

December 19, 2025

Washington is inching closer to putting bank-issued stablecoins on a clearer regulatory track. This week, the Federal Deposit Insurance Corp. (FDIC), the US agency that oversees bank safety and insures deposits, laid out a proposed…

2
Cryptocurrency

Blockchain Association says no to expanding stablecoin yield prohibition

December 19, 2025

The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and…

3
Cryptocurrency

Pro-crypto US Senator Lummis won’t seek reelection in 2026

December 19, 2025

Wyoming Senator Cynthia Lummis, one of the most outspoken advocates for digital assets in the current session of the US Congress, will leave office in 2027.In a Friday X post, Lummis announced that she would…

4
Cryptocurrency

SEC confirms years-long director bans for former Alameda, FTX executives

December 19, 2025

Former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh will be barred from assuming company leadership roles for eight to 10 years following a court judgment.In a Friday notice,…

Economy

Economy

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business

December 19, 2025
Economy

Musk’s $56 billion Tesla pay package must be restored as court rules cancellation was too extreme

December 19, 2025
Economy

NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward

December 19, 2025
Economy

Epstein files released by DOJ

December 19, 2025
Economy

Nine of the largest pharma companies ink deals with Trump to lower drug prices

December 19, 2025
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