Business & Economics

FDIC Greenlights Crypto Activities for Banks Without Prior Approval

Major Policy Shift Simplifies Crypto Involvement for U.S. Banks In a pivotal move for the banking industry, the Federal Deposit Insurance Corporation (FDIC) announced on...

Tesla Feels the Heat: Elon Musk Warns of Tariff Fallout Despite U.S. Manufacturing Base

Tariff Hike Hits Tesla’s Supply Chain Elon Musk has raised concerns over the heavy toll recent U.S. auto tariffs are taking on Tesla. Posting on...

Gold Prices Break $3,000 Barrier Amid Economic Uncertainty

Gold has reached a historic milestone, surpassing $3,000 per ounce for the first time. This surge is driven by economic concerns, geopolitical tensions, and...

BRICS Nations’ Push to Ditch the U.S. Dollar

U.S. Senator Bill Hagerty has raised concerns over the growing efforts by BRICS nations to reduce their reliance on the U.S. dollar. However, he...

US Inflation Drops to 3.3% in May 2024: Implications for Federal Reserve Policy

The latest US Consumer Price Index (CPI) data reveals a decline in inflation to 3.3% in May 2024, falling below expectations. This significant data...

The Impact of BRICS’ De-Dollarization on the U.S. Economy

In recent times, the world has witnessed significant shifts in the financial landscape, primarily characterized by a gradual move away from the U.S. dollar...

Robert Kiyosaki Warns of US Economic Depression

Robert Kiyosaki, author of "Rich Dad Poor Dad," has recently expressed serious concerns about the state of the U.S. economy. On X (formerly Twitter),...

Russia Orders Seizure of $440 Million from JPMorgan

In a significant escalation of financial disputes between Russia and the United States, a Russian court has ordered the seizure of $440 million from...

President Biden Proposes Record 44.6% Tax Rate on Capital Gains

In a bold move, President Biden has proposed the highest capital gains tax rate in U.S. history as part of the 2025 federal budget....

The Naira’s Struggle: A Detailed Look at Its Recent Decline Against the USD

The Nigerian Naira has experienced a notable dip in its value against the US dollar, marking a new low in recent financial trends. On...

Bank of Russia Reveals $51 Billion Crypto Transactions in 2023

The Bank of Russia's latest annual report discloses that Russian nationals engaged in cryptocurrency transactions totaling $51 billion (4.78 trillion rubles) during 2023, underscoring...

Gold’s Dazzling Journey: Could $3,000 Be the Next Milestone?

Gold has been turning heads with its stellar performance in recent months, defying expectations and setting records not once, not twice, but thrice in...