Author: Press Room
Almost 90% of U.S. adults have heard something about cryptocurrencies, but most aren’t confident that ways to invest, trade, or use it are reliable and safe, according to a Pew Research Center survey published Monday. The survey was conducted between March 13-19, around the time that Silvergate Capital and Signature Bank, both crypto-friendly banks, collapsed or were being wound down. It was also around the time that bitcoin BTCUSD, -0.80% prices had soared. Crypto has seen a rough several months, from multiple corporate bankruptcies like the FTX crypto exchange, to lawsuits against crypto giants like Binance, and frequent regulatory threats…
If you’ve been holding off on home improvements, a new law signed last year and in effect as of Jan. 1, 2023, may provide a fresh incentive. The Inflation Reduction Act, or IRA, includes tax credits and rebates for homeowners who make energy-saving updates to their homes. Credits for improvements like new solar panels, windows, doors and air conditioners are available now, while rebates for larger energy-efficient updates are expected to become available later this year or next year. Here’s what to know about these perks, plus tips to plan your projects.Tax credits for smaller updates The IRA includes tax…
The failure of three midsized U.S. banks and subsequent financial stress is not likely to be a “big negative” on the U.S. economic outlook, said New York Fed President John Williams, on Tuesday. “The banking system has really stabilized…but we are going to have to watch carefully,” Williams said, in an interview on Yahoo Finance. “The bank failures add to uncertainty about the outlook,” Williams said. He added that he still expects the economy to grow, at a pretty modest rate, this year. Williams said that it is still “early days” to spot tightening of credit conditions in light of…
2/2 © Reuters. FILE PHOTO: Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. REUTERS/Florence Lo 2/2 By Michael Martina and Patricia Zengerle WASHINGTON (Reuters) – The leader of a U.S. congressional committee on China said on Monday he was concerned about electric carmaker Tesla (NASDAQ:) Inc’s dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai. Tesla announced the factory in a tweet on Sunday, and Chinese state media said it…
By Johan Ahlander STOCKHOLM (Reuters) -A state actor’s involvement in the blast of the Nord Stream pipelines last year is the “absolute main scenario”, though confirming identity will prove difficult, the Swedish prosecutor investigating the attack said on Thursday. In September 2022, several unexplained underwater explosions ruptured the Nord Stream 1 and newly-built Nord Stream 2 pipelines that link Russia and Germany across the Baltic Sea. The blasts occurred in the economic zones of Sweden and Denmark and both countries say the explosions were deliberate, but have yet to determine who was responsible. The blast in the Swedish zone occurred…
By Peter Nurse Investing.com – The U.S. dollar slipped lower in early European trade Tuesday, handing back some of the previous session’s gains amid uncertainty over the future path of the Federal Reserve’s rate-hiking cycle. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 102.013, having risen 0.4% last session, bouncing off a two-month low last week. Friday’s official jobs report, released on the Good Friday holiday, had given the greenback a boost as it showed a resilient labor market, with increasing by 236,000 jobs last month,…
By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S. Treasury Undersecretary Jay Shambaugh said on Monday. Shambaugh said recent bank failures and developments were very different from those of the 2008 global financial crisis, which centered on credit risk, but regulators were working hard to shore up confidence in liquidity both at home and abroad. Shambaugh, speaking at the Brookings Institution think tank ahead of this week’s meetings of the International Monetary Fund and World Bank, said…
If you track a liter of lithium from the bowels of the earth to the Gigafactory, you will learn about the politics of climate change, business-government relations, foreign direct investment (FDI) and the UN’s sustainability development goals (SDGs). Every month, the UN features one of its SDGs that aim to end poverty, protect the planet or ensure that by 2030, all people enjoy peace and prosperity. April’s SDG focuses in part on the cohesion of all 193 governments’ and their policies related to sustainability (e.g. legal and regulatory frameworks). Lithium and other minerals will play a central role, so it…
I started my side hustle in 2020 and grew it to $500,000 in revenue by keeping passion out of my professional life. I’ve heard entrepreneurs and celebrities say things like, “Follow your passion! The money will follow!” When I was desperate to get out of my corporate job, I consumed all the entrepreneurial advice that I could about a strong devotion to your business as a guarantee for success. So, in 2016, I followed my passion for my first business, and founded a company to rent out special occasion attire to women. I thought I hit the jackpot because it…
Wall Street is wrong about the Federal Reserve’s interest rate path, according to former PIMCO chief economist Paul McCulley.Barring a surprise jump in inflation, he believes mounting economic pressures will convince the Fed to stop hiking interest rates next month.”It would be a pause and then a pivot [later this year],” McCulley told CNBC’s “Fast Money” on Tuesday.McCulley delivered his latest forecast less than 24 hours before the government releases the March consumer price index. According to Dow Jones estimates, Wall Street expects a 5.1% year-over-year increase versus 6% in February.”They’re [Fed officials] going to look at the data coming…
