President Donald Trump established a Strategic Bitcoin Reserve through an executive order, according to an X post by David Sacks, the White House czar for AI and cryptocurrency. […]
Economy
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Germany’s defense and government spending boost triggered a global bond sell-off
Global bond markets experienced a sell-off following the German government’s announcement of a new spending plan, which caused a rise in yields. Germany’s 500 billion euro infrastructure plan […]
Economy
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A 40-day Target boycott began this week. What to know about the protest and its potential impact
NEW YORK (AP) — A 40-day boycott of Target, titled the “Target Fast,” commenced this week to protest the company’s decision to phase out certain diversity, equity, and […]
Economy
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Trump Signs Executive Order to Create Government Bitcoin Reserve
Former President Donald Trump signed an executive order on Thursday to establish a government reserve of bitcoin, marking a significant step toward the cryptocurrency’s potential mainstream adoption. Under […]
Economy
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Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth
WASHINGTON (AP) — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois, is preparing to launch an ergonomic chair designed to alleviate back pain and […]
Economy
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U.S. Layoff Announcements Surge to Post-Pandemic High Amid DOGE Job Cuts
Recent data shows that U.S. layoffs reached a post-pandemic high in February, driven significantly by job cuts at DOGE, a major federal employer. Layoff announcements soared to levels […]
Economy
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Macy’s Reports Profit Amid Tariff-Driven Consumer Spending Concerns
Macy’s reported a profit in the fourth quarter despite a dip in sales as shoppers remained cautious about spending. The quarterly profit exceeded Wall Street’s expectations, but sales […]
Economy
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Global bonds sell off as investors react to Trump’s tariffs and a German ‘paradigm shift’
Government borrowing costs rose globally as German bonds experienced their biggest daily jump in yields since the country’s reunification 35 years ago. This sell-off followed plans by likely […]
Economy
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Investors question ‘Trump put’ as tariffs rattle stock markets
Investors are recalibrating their approach to U.S. President Donald Trump’s fluctuating policy changes, questioning whether a so-called “Trump put” supporting stock market prices is fading. Since returning to […]
Economy
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European Central Bank Cuts Eurozone Interest Rates Amid Economic Challenges
The European Central Bank (ECB) has reduced interest rates for the sixth time in nine months to stimulate eurozone economic growth despite challenges such as potential US tariffs […]