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News
Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn???t listen
3+ day, 21+ hour ago (795+ words) Speaking at Southern Methodist University on Tuesday, Treasury Secretary Scott Bessent dared currency traders, and indirectly the bond market, to challenge him as he wages a multi-front battle to stabilize markets amid Iran war turmoil while also trying to slow…...
How Boomers voted the next generation a $40 trillion debt??? and counting
4+ day, 19+ hour ago (800+ words) How Boomers voted the next generation a $40 trillion debt — and counting fortune.com How Boomers voted the next generation a $40 trillion debt, and counting The United States’ national debt crossed $40 trillion last month. Five months earlier, in March, the more…...
'They definitely understood the moment': Mysterious family gifts $50 million to Americares???adding to the list of individuals plugging funding holes
4+ day, 21+ hour ago (403+ words) A major American aid group is promising to deliver more medicines in high-need areas around the world after receiving its largest ever donation. Americares, a nonprofit that supports thousands of health centers globally, announced a $50 million gift Wednesday from an…...
Nearly 4 in 10 Argentines under 25 are behind on their debts
5+ day, 28+ min ago (708+ words) At 18, Martín Taborda began studying law at Argentina’s prestigious University of Buenos Aires, hoping to become the first in his family to graduate. Just two years later, that dream has slipped out of reach. Unemployed and $1,300 in debt, he can…...
U.S. national debt increased by $5.1 million a minute for the past year, says Congress's economic committee???amounting to $117,279 for every American
5+ day, 4+ hour ago (337+ words) On a more granular breakdown, the rate of debt growth averages around $7.35 billion a day, the report adds, or $306.4 million per hour, or $5.11 million per minute. This, in turn, has consequences for the breakdown per person for the U.S. debt: the…...
'Oh, my God! Bro, bro, I'm going to spaz out!' The first Bitcoin RICO case comes for a DOJ that gutted its ability to build it
6+ day, 21+ hour ago (1215+ words) They pulled off one of the largest cryptocurrency thefts in U.S. history, duping a stranger out of bitcoin worth over $240 million. They tried to hide their digital fingerprints, carrying out a sophisticated scheme to launder the proceeds. And then the party…...
As Wall Street shifts expectations towards a Fed rate hike, the White House turns up the pressure on Warsh's central bank
1+ week, 3+ hour ago (384+ words) Surprisingly healthy employment data has tipped expectations for a rate hike at the Federal Open Market Committee’s (FOMC) meeting higher this week, with interest rate traders now placing the likelihood at 58.4%. According to CME’s FedWatch, nearly 60% of investors are betting…...
U.S. debt is even worse than it seems, and rising Treasury yields are now an 'all-hands-on-deck situation,' top economist warns
1+ week, 19+ hour ago (666+ words) The market for U.S. Treasuries has shown troubling signs lately, and rising yields are a clue that conditions are more dire than they appear, according to Robin Brooks, a senior fellow at the Brookings Institution. In a Substack post on Tuesday,…...
Former Cowboys star Emmitt Smith is sued by a Native American investment company over a $2.5 million loan for wind farm project
1+ week, 2+ day ago (429+ words) NFL career rushing leader Emmitt Smith is being sued by a Native American investment company over claims that the former Dallas Cowboys running back and his business partners misappropriated a $2.5 million loan that was supposed to fund a wind farm…...
DOJ expands beef price probe to eight retailers, including Walmart and Amazon, with inflation a key issue ahead of midterm elections
1+ week, 2+ day ago (384+ words) The Department of Justice now wants to know whether eight of the country’s largest grocery retailers can be blamed for it. Federal investigators are scrutinizing Walmart, Costco, Amazon, Kroger, Publix, Albertsons, Aldi and Ahold Delhaize USA for beef affordability, with…...