The U.S. Federal Reserve announced on Tuesday that it has established a new program to enhance its supervision of banks’ crypto activities, as well as...
China Faces Deflation Risk as Consumer Prices Fall for First Time in Two Years
China’s consumer prices dropped in July for the first time since February 2021, while factory gate prices continued their declines, data showed on Wednesday, as...
Mega Millions Jackpot Hits Record $1.58 Billion, No Winner Yet
The Mega Millions lottery game has reached a new milestone as the jackpot for Tuesday night’s drawing soared to an estimated $1.58 billion, making it...
Stock Market Faces Uncertainty After Tech Rally and Fed Hike
The stock market has enjoyed a strong performance in the first half of 2023, driven by robust gains in tech stocks such as Microsoft, Oracle,...
Italy’s banks hit by 40% windfall tax amid rising interest rates
Italy has imposed a 40% one-off tax on its banks for 2023, citing the need to help mortgage holders and cut taxes. The move has...
Alibaba’s Stock Plunges After Weak Trade Data From China
China’s trade activity fell sharply in July, indicating a slowdown in the world’s second-largest economy and a potential threat to the global recovery. China’s imports...
PayPal’s Stablecoin Plan Fails to Boost Bitcoin and Ether; SHIBA INU Holds Ground
PayPal, the online payment giant, has announced its intention to launch a USD-backed stablecoin in partnership with Paxos Trust Co., a regulated crypto service provider....
How the markets and the economy are doing in 2023: 50 charts from Yahoo Finance
Yahoo Finance has released its first edition of the Chartbook, a collection of 50 charts that tell the story about the markets and the economy...
Women in Manipur: Victims and Fighters of Ethnic Violence
In the northeastern state of Manipur, India, a brutal ethnic war has been raging for more than three months, claiming hundreds of lives and displacing...
Galaxy S23 gets August 2023 security update with camera improvements
Samsung has started rolling out the August 2023 security update for its flagship Galaxy S23 series, making it one of the first devices to receive...
Jack Smith: The Man Who Indicted Trump Twice
Jack Smith is the special counsel who has brought two historic indictments against former President Donald Trump in the span of two months. Smith, a...
Orioles’ announcer Kevin Brown suspended for stating facts about team’s struggles
The Baltimore Orioles have reportedly taken a drastic action against their lead TV play-by-play announcer Kevin Brown, who was suspended indefinitely for mentioning the team’s...
China’s economic woes deepen as exports slump in July
China’s exports fell by 14.5% in July compared with a year earlier, the biggest drop since the start of the COVID-19 pandemic in 2020, according...
Covid Vaccine Makers Face Stock Market Slump As Sales Drop
The two companies that developed the most widely used mRNA Covid-19 vaccines, BioNTech and Moderna, have reported a significant drop in their revenues for the...
New rules to help student debt relief blocked by federal court
The U.S. Court of Appeals for the 5th Circuit has issued an injunction that prevents the Department of Education from implementing new rules that would...
China-Philippines Tension Escalates over Disputed Reef in South China Sea
China has renewed its demand for the Philippines to remove a grounded World War II warship from a reef in the disputed South China Sea,...