Banking on Redemption
Shares of New York Community Bank (NYCB) surged on Thursday, propelled by news of a $1 billion rescue orchestrated by former Treasury Secretary Steven Mnuchin and his firm, Liberty Strategic Capital.
Financial Turbulence and R...
Revving Up the EV Tax Credit Turbulence
Starting Monday, recent amendments to U.S. Treasury regulations have brought about significant alterations to federal tax credits related to elect......
Fed's Bold Strategy Shift
For the first time in nearly two years, the Federal Reserve is set to keep its key short-term interest rate unchanged for a second consecutive policy meeting. This reflects a significant shift ...
Political standoff over debt limit
The current political standoff over the debt limit has experts warning of severe turbulence in the financial markets. This article will explore the potential consequences of a failure to reach an agreement, includi...
Stocks of companies at a time of rising bond yields
Shares in General Electric, Caterpillar and Boeing as well as financial and energy companies would be the best bet as US Treasury yields return to annual highs.
This we......
Rising stock indices
US stock indices edged slightly higher in trading on Friday, with the S&P 500 hitting a new closing record despite data on accelerating US inflation.
US consumer prices (CPI) jumped 5 per cent in May compared with the same mo......
Japanese stocks
Japanese stock indices ended the session in negative territory on Wednesday amid profit taking in the trucking and semiconductor sectors. Investors are focusing on US inflation data as it could affect how soon the Federal Reserve will ......
US inflation
Recent surveys have shown that Americans are bracing for the highest inflation rate since 2013, according to the New York Fed. Rising prices could slow the pace of the US economic recovery.
Concerns about rising inflation in the US inten......
Record rise since June
US stock indices jumped in trading on Monday, with the Standard Poor's 500 having its best session in about nine months amid a halt in rising government bond yields.
The Dow Jones Industrial Average rose 6...
U.S. stock indices
The US Treasury Secretary Janet Yellen, who called for additional stimulus measures, supported the shares of sectors, which are sensitive to the situation in the economy. Yellen spoke in support of the $1.9 trillion stimulus package......
The $20 note
Note replacement project started under Barack Obama but delayed by Trump administration.
On Monday, the White House said that it would accelerate plans to replace 20-dollar notes featuring US Presiden...
The first federal cryptocurrency bank in the U.S.
The Office of the Comptroller of the Currency (OCC) within the US Treasury has approved cryptocurrency custodian Anchorage's application for a nationwide 'digital asset bank'&n......
Treasury bond rises
Ten-year US Treasury bond yields (TBY) rose above 1% on Wednesday, marking the first time since March. The yield on ten-year US Treasury bonds rose above 1% on Wednesday, the firs...
Upcoming events
The news affecting the stock market this week will be the Fed meeting economic forecasts for GDP and unemployment are expected, as well as the release of the government report on US retail sales in Novembe......
Support for the American economy
Previously, the US authorities had already spent $3 trillion on measures to support the economy in the wake of the pandemic.
The U.S. Department Treasury has offered Congress to allocate $916 billion for emerge...
What to expect from the new US Treasury (UST) Secretary
Janet Yellen, former chairman of the Fed, may take over as finance minister after Joe Biden takes over as president. Political experts say that her policy on the US-China trade partnership w......
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