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Venezuela’s acting PresidentDelcy Rodrguezon Thursday signed a law that will open the nations oil sector to privatisation, reversing a tenet of the self-proclaimed socialist movement that has ruled…
Read more Venezuela approves oil sector privatisation in major policy shiftMeet the women who were sanctioned by the U.S. Government this week for their roles in propping up the sprawling narco operation helped by former Olympic turned drug…
Read more U.S. Sanctions Expose the Women Aiding Fugitive Ryan Weddingwsmahar/Getty Images The benchmark 10-year Treasury yield is hovering below levels that caused a massive crash last fall. Yet, persistent inflation and weak Treasury auctions could boost yields…
Read more Markets worry Treasury yields could jump back to levels that sparked chaos last OctoberIn a report last week on AI and cybersecurity, the U.S. Department of the Treasury said that, while banks tend to share plenty of information with each other…
Read more Treasury accuses banks of ‘insufficient data sharing’ on fraud(Bloomberg) — Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US…
Read more Binance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesUS President Joe Biden discussing student debt relief at the White House in August 2023.Alex Wong/Getty Images The US’s ballooning debt burden is sparking concern on Wall Street.…
Read more The US’s massive debt pile is fueling the bond-market crash. These 4 charts tell the story.“Crypto markets were not immune to fears of the U.S. defaulting on its debt, selling off on negative developments and rallying on headlines suggesting progress,” say Citi research…
Read more Bitcoin faces fresh challenges after debt deal moves forward, Citigroup warnsAs the government careens toward the brink of default without a deal to lift the debt limit, an unlikely source of reassurance has emerged. “I think everyone needs…
Read more The Case for Debt-Ceiling OptimismWells Fargo will pay more than $97 million in fines for allowing transactions prohibited under U.S. sanction laws, the Federal Reserve and Treasury Department announced Thursday. Wells Fargo…
Read more Wells Fargo fined $97 million for ‘reckless disregard’ of U.S. sanction rulesTreasury Secretary Janet L. Yellen suggested that new financial regulations may be necessary to prevent future bank runs. Reuters Source link
Read more Video: Yellen Calls for Review of Financial Regulations After Bank CollapsesTreasury Secretary Janet L. Yellen said that pressures on the nation’s banking system are “stabilizing” in remarks to the American Bankers Association. The Associated Press Source link
Read more Video: Yellen Reaffirms Support for Small Financial InstitutionsTreasury Secretary Janet Yellen testified before the Senate Finance Committee, days after regulators were forced to step in and take over Silicon Valley Bank and Signature Bank. The…
Read more Video: U.S. Banking System ‘Is Sound,’ Yellen SaysSen. Sherrod Brown (D-Ohio) made a plea to the Treasury Department on Wednesday to draft legislation that would set up surveillance and regulatory measures over the crypto industry…
Read more Sen. Sherrod Brown Urges Janet Yellen To Develop Legislation To Regulate Crypto Industry Following FTX ImplosionAmerica’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new…
Read more IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.People can contribute up to $22,500 in 401(k) accounts and $6,500 in IRAs in 2023, the IRS said Friday. For 401(k)s, that’s an almost 10% increase from 2022’s…
Read more IRS sets new 401(k) limits — investors can save a lot more money in 2023The numbers: The U.S. federal budget deficit fell to $1.37 trillion in the just-ended fiscal year, the Treasury Department said Friday, half the amount of last year’s shortfall.…
Read more U.S. budget deficit halved in fiscal 2022 as receipts surge, COVID spending fades
