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Category: Economy

Eli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars
Economy

Eli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars

February 6, 2025

The results were consistent with the preliminary results Eli Lilly shared in January, which disappointed investors. ...

Nissan and Honda shares rise as report says automakers may call off merger talks
Economy

Nissan and Honda shares rise as report says automakers may call off merger talks

February 5, 2025

Honda and Nissan are considering calling off their merger talks, Japan's Asahi Shimbun reported on Wednesday citing several sources. ...

Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds
Economy

Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds

February 5, 2025

Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates…

AMD reports profit beat, but misses on data center revenue
Economy

AMD reports profit beat, but misses on data center revenue

February 5, 2025

AMD reported better-than-expected results on Tuesday, but data center revenue trailed analysts' estimates ...

Trump says U.S. will ‘take over’ Gaza to develop it, and Palestinians should leave
Economy

Trump says U.S. will ‘take over’ Gaza to develop it, and Palestinians should leave

February 5, 2025

The Palestinian territory Gaza has been destroyed by 15 months of war with Israel. Trump said the United States would…

Alphabet shares drop as much as 9% on revenue miss, soaring AI investments
Economy

Alphabet shares drop as much as 9% on revenue miss, soaring AI investments

February 5, 2025

Alphabet reported fourth-quarter earnings on Tuesday after the close of regular trading. ...

Economy

Steelmakers may benefit from Trump trade salvos, but Wall Street warns of longer-term headwinds

February 3, 2025

Trump's tariffs could give steel companies more pricing power, but weaker demand could weigh on the stocks longer term, Wall…

Economy

Putin says Europe will ‘stand at the feet of the master’ as Trump’s tariffs alarm allies

February 3, 2025

Happy to be on the sidelines, Russia's Kremlin says it's watching the 'tensions' Trump's tariffs are spreading. ...

In a switch, Trump approves of the Fed’s decision to hold interest rates steady
Economy

In a switch, Trump approves of the Fed’s decision to hold interest rates steady

February 3, 2025

Trump praised the Federal Reserve for its decision last week to leave interest rates unchanged ...

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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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