Has Michael Saylor’s ‘infinite money glitch’ run into a hitch?
On 22 November, MicroStrategy closed at an all-time high of $421.88, while bitcoin surged to $98,998. Bloomberg called its strategy an “ infinite money glitch ” at the time and CEO Michael Saylor ...
Elon Musk says he’s teaming up with Jamie Dimon to convince bond markets that cost-cutting DOGE is good for U.S. debt
Dimon and Musk’s collaboration comes just weeks after Dimon offered to help the billionaire with his government cost-cutting ...
Here's what top economists are saying about Trump's 'dangerous' tariffs on Canada and Mexico
Paul Krugman and Larry Summers are among the economists warning that Trump's tariffs may drive up prices, trigger job losses ...
Wall Street drops as Trump’s tariffs hit markets worldwide; Dow down 435 points
Worries about President Donald Trump’s tariffs are hurting U.S. stocks. The S&P 500 sank 1.4% in early Monday trading ...
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Trump agrees to pause tariffs on Mexico, but import taxes still in place for Canada and China
Mexican President Claudia Sheinbaum said Monday that after a conversation with President Trump that the planned tariffs are ...
Markets send Trump a risky message on tariffs
Markets are still pinning their hopes on the art of the deal. Stocks may have fallen on Monday as investors digested U.S.
Tariffs Are Shifting Expectations for the Federal Reserve. Treasury Yields React.
The bond market is reacting to President Donald Trump's tariffs on Canada, Mexico and China. Traders are pricing in higher ...
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USAID staffers told to stay out of Washington headquarters after Musk said Trump agreed to close it
Musk, Trump and some Republican lawmakers have targeted the U.S. aid and development agency, which oversees humanitarian, ...
Tether clocks $13B in 2024 profits, US bond holdings hit all-time highs
USDT-issuer Tether reported record-breaking profits of $13 billion in 2024 and a larger-than-ever stockpile of US treasury ...
Voices from the Arab Press: Saudi-American relations: A 100-year investment
Oil, thanks to this Saudi-American partnership, became the linchpin of modern life. A defining moment in this relationship was the historic meeting between King Abdulaziz Al-Saud and US President ...
Treasury yields steady after PCE inflation data, with possible tariffs looming
The news was better when it came to the narrower core readings which the central bank cares most about. The so-called core rate of inflation, which omits food and energy, rose a milder 0.2%, with the ...