Trump Signs Law to Launch Dollar 2.0
Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.
UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy
LONDON (AP) — British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before .
Iran's currency falls to a new low as nuclear sanctions squeeze its ailing economy
TEHRAN, Iran (AP) — Iran’s rial currency fell Wednesday to a new low of 1.2 million to a U.S. dollar as nuclear sanctions squeeze Tehran’s ailing economy.
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US futures slip and Asian stocks are mixed, while oil prices surge more than $1 a barrel
BANGKOK (AP) — Asian shares began the week mixed, with Tokyo’s benchmark falling nearly 2% on Monday after the release of data showing weak factory activity, while U.S. futures fell.
This African nation built its development on diamonds. Now it's crashing down
GABORONE, Botswana (AP) — In a village outside ’s capital, Keorapetse Koko sat on an aging couch in her sparsely furnished home, stunned that a career — and an entire nation’s economy — built on diamonds had fallen so far, so fast.
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Bolivia's new president plans to scrap taxes and borrow money to confront economic crisis
LA PAZ, Bolivia (AP) — said Tuesday he planned to scrap a ream of taxes, in one of his first moves since becoming the nation's first conservative leader in nearly two decades in a .
US retail sales rose slightly in September, adding to months of big gains
WASHINGTON (AP) — Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer.
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US homes sales rose in October as homebuyers seized on declining mortgage rates
Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market.
Sharp disagreements over economy threaten Federal Reserve interest rate cut
WASHINGTON (AP) — What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn inflation or weak hiring represent a bigger threat.
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A slowing wartime economy pushes the Kremlin to tap consumers for revenue
After two years of robust growth fueled by military spending on Russia’s economy is slowing. , the budget deficit is up and defense spending has leveled off.
German government to subsidize industry's energy prices in bid to revitalize economy
BERLIN (AP) — Germany's governing coalition agreed to subsidize energy prices for heavy industry over the next three years as it tries to breathe new life into a stubbornly that is weighing on Europe's performance.
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Shutdown to leave mark on US economy from lost paychecks, canceled flights
WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.
'No hire' job market leaves unemployed in limbo as threats to economy multiply
WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.
Trump Signs Law to Launch Dollar 2.0 - Ad
Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.
Britain's Treasury chief prepares the ground for a tax-hiking budget
LONDON (AP) — U.K. on Tuesday signaled she will raise taxes in her budget this month, arguing that the economy is sicker than the government knew when it took office last year.
Americans staying put: US home turnover rate at lowest level in decades as housing slump drags on
LOS ANGELES (AP) — The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn't been this low in nearly 30 years.
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The Latest: Trump meets with newly elected Japanese Prime Minister Sanae Takaichi in Tokyo
U.S. is meeting with Japan's newly elected, ultraconservative in Tokyo during one of the .
Belgium calls on EU partners to share risk if they want to use frozen Russian assets to aid Ukraine
BRUSSELS (AP) — Belgium's prime minister said on Thursday that his European partners must share the risk of using billions of dollars in that are held in his country to help keep Ukraine’s economy and afloat in coming years.
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China's ruling Communist Party meets to map out plans for the next 5 years
HONG KONG (AP) — One of China’s most important meetings begins Monday, as leader Xi Jinping and other ruling Communist Party elites gather in Beijing to map out the goals for the next five years.
Average long-term US mortgage rate slips to 6.27%, nearing a low for 2025
The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year.
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Wall Street sees major jump in profits, helped by soaring stock prices and deal making
NEW YORK (AP) — Wall Street had one of its most profitable quarters ever, if the earnings from four of nation’s biggest banks that reported Tuesday are to be believed; as banks were helped by a flurry of deal making, soaring stock prices and a that remains resilient despite tariffs and geopolitical upheaval.
The Nobel economics prize is set to be announced Monday
STOCKHOLM (AP) — The final of this year's prize season is being announced Monday morning when organizers reveal the winner or winners of the .
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Canada's last hockey stick factory survives in face of tariff threats and globalization
BRANTFORD, Ontario (AP) — Wearing protective gloves and earplugs, a worker feeds lengths of wood into a machine that makes an earsplitting whine as it automatically cuts a groove into the end of each piece.
Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy
WASHINGTON (AP) — From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial .
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Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.
Asian shares are mixed as markets shrug off a likely US government shutdown
Shares were mixed in Asia on Wednesday, with Chinese markets closed for a weeklong holiday, as a loomed.
Asian shares trade in a narrow range as traders brace for a possible US government shutdown
TOKYO (AP) — Asian shares were little changed in narrow trading Tuesday as investors braced for a possible U.S. government shutdown.
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Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.
He's the budget scorekeeper for Congress. Lately, it's been a tough job
WASHINGTON (AP) — Even for an agency accustomed to criticism, this summer’s debate over Republicans' big bill of tax breaks and spending cuts was a harsh one for .
Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks
WASHINGTON (AP) — The Federal Reserve's to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump's for steeper cuts and his unprecedented effort to .
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