Category: #Money
The brewing stimulus battle between the Fed and Treasury
A battle over stimulus escalated in Washington on Thursday night: Treasury Secretary Steven Mnuchin put emergency lending programs it set up alongside the Fed chair…
Steven Mnuchin acts to hobble the Fed’s coronavirus powers
Treasury Secretary Steven Mnuchin was one of the heroes of the coronavirus crisis, working hand-in-glove with Fed chair Jay Powell to give the central bank…
PayPal launches its answer to GoFundMe
PayPal is launching the “Generosity Network,” a new GoFundMe-esque service that enables individuals to launch fundraising campaigns. The company says that it is an “accessible,…
Biden’s big challenge: A growing racial wealth gap
When he takes office on Jan. 20, Joe Biden will face a gap between Black and white wealth that has grown into a yawning chasm…
Fed’s Powell says surge in virus cases threatens US economy
Federal Reserve Chair Jerome Powell says the surge in confirmed coronavirus cases across the country could slow the economy in the months ahead by discouraging…
PayPal says all users in U.S. can now buy, hold and sell cryptocurrencies
PayPal announced today it’s dropping the waitlist to buy, hold and sell cryptocurrency in the U.S. With the move, all customers in the U.S. will…
Federal Reserve identifies climate crisis as risk to US financial system for first time ever
‘Acute hazards, such as storms, floods, or wildfires, may cause investors to update their perceptions of the value of real or financial assets suddenly,’ says…
US authorities seize $1 billion worth of Silk Road Bitcoins
Even after Silk Road founder Ross Ulbricht was arrested and sentenced to life in prison, authorities were unable to find a huge chunk of the…
DeVos’ security detail cost taxpayers $24M over 4 years
Education Secretary Betsy DeVos’ security detail has cost taxpayers more than $24 million over the past four years and is projected to cost another $3…
Republicans pour millions into final days of Senate battle
The Senate Leadership Fund, a top GOP super PAC, is spending tens of millions in the final week of the race as it seeks to…
Dow soars by 600 points as investors bet on clear election winner and swift passing of stimulus bill
“Ultimately, the markets want clarity, and the main threat this week is the emergence of a contested election,” one analyst said. Source: https://www.nbcnews.com/business/markets/wall-street-rises-investors-bet-clear-election-winner-swift-passing-n1245943 Droolin’ Dog…
Deutsche Bank seeking to offload three Trump loans: report
Deutsche Bank is aiming to end any financial ties to President Trump after the United States elections due to negative attention the bank has received…
How Africa’s exportation of ‘countless’ wild animals fuels the deadly wildlife trade
We are working with conservation charity Space for Giants to protect wildlife at risk from poachers due to the conservation funding crisis caused by Covid-19….
Bitcoin hits $14,000 for the first time since early 2018
Enlarge (credit: Thomas Trutschel / Getty Images News) The price of one bitcoin rose above $14,000 on Saturday morning. It was the first time the…
Russia adds $4.5 BILLION to foreign exchange reserves in 1 week
Russian gold & foreign currency reserves have increased to $589.8 billion, according to the latest data released by the central bank. The international funds grew…
‘Criminal and cruel’: AOC says Republicans abandoned ‘desperate’ Americans over Covid stimulus
Democratic congresswoman Alexandria Ocasio-Cortez has called Senate Republicans “criminal and cruel” for leaving Capitol Hill without passing a stimulus plan, desperately needed by many Americans….
Donald Trump was paid $61,045 in “consulting fees” by his own company while in office
Citizens For Responsibility and Ethics in Washington (CREW) reports that, according to Donald Trump’s 2018 financial disclosures, the President of the United States of America…
Covid-19 to ‘wipe out’ five years of songwriter royalties growth
Good morning! It’s us again, bringing you a whopping serving of bad news. Well, there are positive things in global collecting societies body Cisac’s latest annual…
Trump wants credit for ‘fastest GDP growth in history.’ Here’s a reality check.
Analysis: Left unsaid is that the economy is rebounding from its biggest single-quarter drop ever recorded — and it still hasn’t fully recovered. Source: https://www.nbcnews.com/news/us-news/trump-wants-credit-fastest-gdp-growth-history-here-s-reality-n1244967…
Bloomberg spending millions on Biden push in Texas, Ohio
Former New York City Mayor Michael Bloomberg is spending about $15 million on television advertising for former Vice President Joe Biden in Texas and Ohio as the…
Vacant office space in San Francisco doubled to 12 million square feet in 2020
New York isn’t the only city experiencing high vacancy rates for office space. This chart from SocketSite shows a similar trend in San Francisco. I…
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