As he carried out his pledge to reduce the federal workforce during the government shutdown, President Donald Trump on Friday blamed Democrats for his decision
Category: WORLD NEWS
The U.S. bails out Argentina with a $20 billion currency swap lifeline.
Treasury Secretary Scott Bessent announced the deal on X on Thursday, saying, “Argentina faces a moment of acute illiquidity. The international community—including [the International Monetary
The Bank of Canada encourages financial industry innovation and competition to counteract US tariffs.
On Thursday, the Bank of Canada cautioned against enforcing further financial sector restrictions, instead advocating for policies that promote innovation and competition, which it claimed
Google’s Play Store to get a makeover with the Supreme Court’s rebuff on monopoly reform.
On Monday, the U.S. Supreme Court declined to defend Google against a one-year-old decision that calls for a significant overhaul of its Android app store
Fifth Third acquires Comerica in $10.9 billion all-stock deal to create the 9th largest U.S. bank.
In an all-stock deal, Fifth Third Bancorp is linking up two major regional banks by purchasing Comerica for $10.9 billion. With assets of about $288
U.S. government shutdown drives Bitcoin above $125,000, deflating the dollar.
The biggest cryptocurrency in the world by market value, Bitcoin, reached a record high on Sunday and was up about 2.7% at $125,245.57 at 0512
EU risk watchdog warns that failure of stablecoins could trigger a run on reserves.
Echoing a warning from the European Central Bank that their failure may trigger a run on reserves, the European Union’s financial risk watchdog demanded urgent
OpenAI at $500 billion becomes the most valuable startup in the world.
Following a secondary equity sale intended to retain staff at the ChatGPT maker, OpenAI may now surpass Elon Musk’s SpaceX and TikTok’s parent firm, ByteDance,
U.S. government shuts down putting 750,000 jobs at risk and airports to close.
Deep party differences stopped Congress and the White House from striking a financial agreement, forcing the U.S. government to shut down most of its activities
Electronic Arts’ $55 billion deal is the largest public company buyout ever.
The largest leveraged buyout in history, Electronic Arts will go private in a $55 billion all-cash deal spearheaded by Silver Lake, Jared Kushner’s Affinity Partners,
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