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Category: Economy

House Republicans race to find a Trump-backed path to avoid government shutdown
Economy

House Republicans race to find a Trump-backed path to avoid government shutdown

December 19, 2024

Donald Trump and Elon Musk sank a GOP-backed bill to fund the government, dealing a blow to House Speaker Mike…

November home sales surged more than expected, boosted by lower mortgage rates
Economy

November home sales surged more than expected, boosted by lower mortgage rates

December 19, 2024

Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors ...

Luigi Mangione indicted on murder charges for shooting of UnitedHealthcare CEO Brian Thompson
Economy

Luigi Mangione indicted on murder charges for shooting of UnitedHealthcare CEO Brian Thompson

December 18, 2024

Luigi Mangione is accused of shooting UnitedHealthcare CEO Brian Thompson. Shell casings and a bullet carried the words "deny," "delay"…

Kioxia shares climb slightly on debut in Tokyo after $800 million IPO
Economy

Kioxia shares climb slightly on debut in Tokyo after $800 million IPO

December 18, 2024

The company had raised 120 billion yen in its IPO, exercising a overallotment option. Shares were priced at 1,455 yen…

Why the Dow is in such a historic funk and how concerned you should be
Economy

Why the Dow is in such a historic funk and how concerned you should be

December 18, 2024

There are many reasons to believe the Dow's historic losing streak is not a source for major concerns. ...

Nissan shares surge 24% after media reports on potential mega merger with Honda
Economy

Nissan shares surge 24% after media reports on potential mega merger with Honda

December 18, 2024

Nissan Motor shares surged Wednesday following a media report that the Japanese automaker is looking to merge with Honda. ...

The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Economy

The Fed has a big interest rate decision coming Wednesday. Here’s what to expect

December 18, 2024

Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter…

Trump says he would consider pardoning NYC Mayor Eric Adams
Economy

Trump says he would consider pardoning NYC Mayor Eric Adams

December 16, 2024

President-elect Donald Trump made the remarks about NYC Mayor Eric Adams at Mar-a-Lago after an announcement by Softbank CEO Masayoshi…

Broadcom jumps 11%, extending record run as Goldman expresses ‘higher conviction’
Economy

Broadcom jumps 11%, extending record run as Goldman expresses ‘higher conviction’

December 16, 2024

After topping $1 trillion in market cap last week, Broadcom rallied further on Monday, driven by increased price targets from…

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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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