Tag Archives: currency

WASHINGTON (AP) — The United States directly purchased Argentine pesos on Thursday and finalized a $20 billion currency swap line with Argentina’s central bank, Treasury Secretary Scott Bessent said in a social media post, a rare move aimed at stabilizing turbulent financial markets in the cash-strapped Latin American ally. “U.S. Treasury is prepared, immediately, to take whatever exceptional measures are …

Google has spent a decade sharpening its “weapons” in an industry that helps sustain large swaths of the open internet, the Justice Department argued before a federal judge Monday. After years of operating an illegal monopoly in two ad tech markets and unlawfully tying its products together, nothing short of a break up will suffice to overcome Google’s “massive head …

Indonesia’s Political Turmoil Rattles Stock, Currency Markets  The Wall Street Journal Indonesia Sees Limited Economic Fallout From Recent Protests  Bloomberg.com Indonesian markets roiled by political turmoil  Financial Times Indonesia’s central bank pledges to defend rupiah through currency intervention  Reuters Indonesia stocks, currency fall as protests dent investor sentiment in Southeast Asia’s largest economy  CNBC Source link

Markets sold off worldwide after President Trump announced plans to fire Fed governor Lisa Cook and threatened steep tariffs on China, raising fears about Fed independence and the dollar’s role as a reserve currency. S&P futures were down this morning. However some hopes emerged as investors focused on the Fed’s institutional strength. There was a global selloff in the markets …

Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say  Reuters China is expanding into digital currencies, hoping to promote use of its ‘people’s money’  Yahoo Finance China Is Worried About Dollar-Backed Stablecoins  Foreign Policy China Considers Approving Yuan-Backed Stablecoins  The Information China’s Fintech and Stablecoin Revolution: A Strategic Window for Global Investors  AInvest Source link

Exclusive: China considering yuan-backed stablecoins to boost global currency usage, sources say  Reuters China Is Worried About Dollar-Backed Stablecoins  Foreign Policy Buckle Up Dollar Bulls, China Is Reportedly Considering Its Own Yuan-Linked Stablecoins  Yahoo Finance China weighs yuan-backed stablecoins in major policy shift: Reuters  Cointelegraph China to legalize yuan-pegged stablecoins this month after 12-year crypto ban  Cryptopolitan Source link

WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice urging financial institutions to be vigilant in identifying and reporting suspicious activity involving convertible virtual currency (CVC) kiosks. While CVC kiosks can be a simple and convenient way for consumers to access CVC, they are also exploited by illicit actors, including scammers. The risk of illicit …

Berkshire’s Quarterly Earnings Drop on Insurance Results, Currency Moves  The Wall Street Journal Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact  CNBC Profits at Warren Buffett’s Berkshire Hathaway drop as it writes down its Kraft Heinz investment  CBS News Warren Buffett’s Berkshire Hathaway sold stocks and didn’t snap up bargains even as markets crumbled after ‘Liberation Day’  Fortune Warren Buffett’s …

High-Risk Currency Trading Is the New Meme Stock for This Retail Crowd  Bloomberg.com Source link

President Trump displays the GENIUS Act — the first major crypto legislation passed by Congress — after signing it in the White House in Washington, D.C., on July 18, 2025. Brendan Smialowski/AFP via Getty Images hide caption toggle caption Brendan Smialowski/AFP via Getty Images For years, the U.S. government has adopted a hands-off approach to cryptocurrencies, deeming them too dangerous …