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Yahoo Finance Plus Musk Makes Bold Prediction About the Future of Trump
The former Republican president said on Saturday that he expects to be arrested on Tuesday in a case involving hush money paid to women who alleged sexual encounters with the former president.
The former Republican president said on Saturday that he expects to be arrested on Tuesday in a case involving hush money paid to women who alleged sexual encounters with the former president.
Home Depot co-founder and billionaire entrepreneur Ken Langone goes on a rampage over the Federal Reserve's "painful" inflation response, and explains why the board should resign.
The Fed and other central banks want to bring down inflation at all costs. Is it worth it?
The Federal Reserve raised interest rates by another 0.25% on Wednesday as the central bank works to bring down elevated inflation while also grappling with the fallout from a global banking crisis and resulting market shocks.
(Bloomberg) -- As Manhattan District Attorney Alvin Bragg appears poised to indict former President Donald Trump, some of the prosecutor’s most prominent New York critics have gathered under one roof.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFinally, a Serious Offer to Take Putin Off Russia’s HandsA New Chapter of Capitalism Emerges From the Banking CrisisStocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets WrapFed Caught Between Inflation and
The billionaire and big Ukraine supporter says that the conflict has fostered a Russia-China alliance, while US diplomacy has shown its limits.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen told lawmakers on Wednesday that she has not considered or discussed "blanket insurance" to U.S. banking deposits without approval by Congress as a way to stem turmoil caused by two major bank failures this month. Her comments before a Senate Appropriations subcommittee hearing dashed industry hopes for a quick government guarantee to stem the threat of further bank runs and contributed to a 15.5% fall in the shares of struggling First Republic Bank on Wednesday. Some banking groups have urged the Biden administration and the Federal Deposit Insurance Corp (FDIC) to temporarily guarantee all U.S. bank deposits, a move they say will help quell a crisis of confidence after the failure of Silicon Valley Bank and Signature Bank.
The Federal Reserve hiked its key rate, but investors expect a U-turn as the bank crisis raises risk of recession. The S&P 500 fell.
(Bloomberg) -- Wall Street leaders and US officials discussing an intervention at First Republic Bank are exploring the possibility of government backing to encourage a deal that would shore up the lender, people with knowledge of the situation said. The shares dropped Wednesday morning.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisFinally, a Serious Of
The Netherlands will face consequences if it blocks the export of high-end semiconductor equipment to China, Beijing's envoy to the country has warned. The Hague announced new curbs on the export of chip-making technology this month, in step with the United States in curtailing China's access to cutting-edge chips. "This will not be without consequences. I'm not going to speculate on countermeasures, but China won't just swallow this," ambassador Tan Jian said in an interview with Het Financieel
A ban on TikTok could have implications for free speech, creators, advertisers, and even politicians.
(Bloomberg) -- The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFinally, a Serious Offer to Take Putin Off Russia’s HandsA New Chapter of Capitalism Emerges From the Banking CrisisStocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets Wrap
If you’ve ever applied to a job only to hear back that the company isn’t actually hiring for the listing, you're the victim of a ghost job.
President Xi Jinping's ninth visit to Russia as Chinese leader, featuring a meeting with Russian counterpart Vladimir Putin, is expected to usher in greater economic cooperation between the countries after bilateral trade saw an annual rise of 29.3 per cent last year, to US$190.3 billion. Last year's bilateral trade figure represented an increase of 116 per cent over a decade ago, as tensions with the United States and its allies over the Ukraine war have been pushing Russia and China closer. In
(Bloomberg) -- Iceland’s central bank extended western Europe’s longest monetary-tightening campaign with an acceleration in hiking, braving global banking turmoil to intensify its fight against inflation. Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisXi Aligns With Putin Against US, But Hesitates on Gas DealFirst Republic Rescue May Rely on US Backing
Digital proofs of ownership will be taxed like the underlying assets until rules on how to treat assets in retirement accounts are finalized
The grand jury investigating Donald Trump’s role in a hush-money payment to a porn star was instructed not to meet Wednesday, delaying any potential indictment of the former president.
China could attempt to block a forced sale, or it could go tit-for-tat with U.S. companies, Adam Segal writes.
The Fed remains focused on battling inflation.
WASHINGTON (Reuters) -The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed of concern. This measure covers chips "including current-generation and mature-node chips used for quantum computing, in radiation-intensive environments, and for other specialized military capabilities." Commerce Secretary Gina Raimondo said "these guardrails will help ensure we stay ahead of adversaries for decades to come."
The U.S. Treasury Department on Wednesday said it will release guidance next week on sourcing requirements for electric vehicle battery tax subsidies under President Joe Biden's climate change law, the first in a string of highly anticipated rules to determine how broadly the credits can be used. The auto, battery and clean energy industries have been awaiting guidance on complex questions governing eligibility for hundreds of billions of dollars of incentives in the Inflation Reduction Act, signed into law last year. After outlining battery sourcing rules, officials said, Treasury will follow in the next couple of months with guidance around bonus tax credits for clean energy projects sited in fossil fuel-dependent communities, those built with domestically produced equipment, and those paying workers prevailing wages and employing apprentices.