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Category: Economy

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.…

Trump takes aim at ‘wasteful’ government spending by ordering end to penny production
Economy

Trump takes aim at ‘wasteful’ government spending by ordering end to penny production

February 10, 2025

The president said in a Truth Social post that stopping the mint from coining new pennies is another way to…

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Crypto World

1
Cryptocurrency

Solana network and DeFi activity suggest SOL price rally will continue

May 13, 2025

Key takeaways:Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem.Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month.SOL’s 8% funding rate shows healthy leverage demand from bulls.Solana’s native token SOL…

2
Cryptocurrency

Coinbase invests in Canadian stablecoin issuer

May 13, 2025

Coinbase has partnered with Canadian stablecoin issuer Stablecorp in a bid to expand access to tokenized Canadian dollars, a company executive told Cointelegraph during the Blockchain Futurist Conference in Toronto.According to Coinbase Canada's CEO, Lucas…

3
Cryptocurrency

CoinShares Q1 net profit falls to $24M

May 13, 2025

CoinShares, a digital asset investment firm with offices in the United States and Europe, said its net profit fell to $24 million in the first quarter of 2025, a 42.2% decrease from the same period…

4
Cryptocurrency

US lawmakers call for change in corporate digital asset taxes

May 13, 2025

Two US senators are calling on Treasury Secretary Scott Bessent to “exercise [the department’s] authority” and change a provision affecting taxes on corporate holdings of digital assets.In a May 12 letter, Senators Cynthia Lummis and…

Economy

Economy

Chuck Schumer to block Trump DOJ nominees over Qatari jet

May 13, 2025
Economy

Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021

May 13, 2025
Economy

Microsoft laying off about 6,000 people, or 3% of its workforce

May 13, 2025
Economy

Trump says U.S. will remove all sanctions on Syria

May 13, 2025
Economy

White House announces $600 billion Saudi investment in U.S. during Trump visit

May 13, 2025
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