Keyword: finance
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A federal judge has indicated that she will issue an injunction forbidding members of the DOGE team, which is part of the Executive Office of the Presidency, from reviewing some financial records.During the hearing, a lawyer from the Department of Justice disclosed that two "special government employees" associated with Musk, but employed by the Treasury Department, accessed sensitive records from the Bureau of the Fiscal Service based on "high level guidance" from the Department of Government Efficiency to prevent waste and fraud.U.S. District Judge Colleen Kollar-Kotelly gave the government and unions who brought the case until 6 p.m. ET to...
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[Video] Robert F. Kennedy Jr. denied Gov. Josh Green’s allegation that he caused many deaths in Samoa by discouraging the measles vaccine. HONOLULU (HawaiiNewsNow) -- Gov. Josh Green was in the U.S. Capitol hearing room Wednesday while Robert F. Kennedy Jr. denied Green’s allegation that he caused many deaths in Samoa by discouraging the measles vaccine. Green responded with profanity on national television. Speaking on CNN and MSNBC cable outlets after the hearing, the governor was clearly angry. It was understandable because during his confirmation hearing, RFK Jr. basically called Green a liar. Kennedy, who was nominated by President Donald...
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We are all extremely proud of what we continue to accomplish in crypto. $Trump is currently the hottest digital meme on earth and I truly believe that @WorldLibertyFi will revolutionize DeFi/Cefi and will be the future of finance. We are just getting started! 🚀— Donald Trump Jr. (@DonaldJTrumpJr) January 19, 2025
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American credit card defaults have risen to the highest levels since the aftermath of the 2008 financial crisis as consumers grapple with years of high inflation. Credit card lenders wrote off $46 billion in delinquent loan balances in the first three quarters of 2024, a 50 percent increase from the same period last year. These forms of write-offs are are viewed as a highly monitored measure of loan distress. This is the highest level since 2010, according to industry data gathered by BankRegData. Mark Zandi, the head of Moody’s Analytics, said, “High-income households are fine, but the bottom third of...
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In a move that’s left self-employed workers scratching their heads, the Spanish tax office, Hacienda, has dropped a bombshell: banks will have to report every single payment made to self-employed clients, even those under the previous €3,000 threshold. The unexpected measure slipped quietly into a royal decree that also tweaks corporate tax rates for multinationals, which means the taxman will have eyes on transactions of any amount, whether through traditional methods or modern mobile systems like the popular Bizum. The €3,000 rule is no more For years, banks only raised the alarm for transactions over €3,000. As José María Peláez,...
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One of the most intriguing developments following Donald Trump’s election victory has been the announcement of Elon Musk and Vivek Ramaswamy’s Department of Government Efficiency, or DOGE. The initiative, which hopes to cut up to $2 trillion from the federal budget, has generated notable excitement, momentum, and memes. The world’s richest man and a successful biotech entrepreneur, Ramaswamy, have revitalized what seemed to be a mostly dormant libertarianism, drawing on the inspiration of Milton Friedman and promising to slash the bureaucracy to the bone. But what are its prospects for real-world success? Elon Musk is our era’s most gifted entrepreneur,...
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At 17:01 in the video, a historic moment is approaching on this late afternoon Veteran's Day in the world of finance. Bitcoin (BTC) has a sort of trading desk or OVER THE COUNTER desk (OTC) where it bought and sold. There is approximatley 70,000 BTC left on the exchanges. In the next few weeks the SUCKING SOUND YOU'VE BEEN HEARING was not the collective cry of the DNC but rather it is acquisition scramble by the ETFs and Banks. Once the OTC desk BTC is gone these companies will need to find it buy it. They will be scouring the...
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Prominent investor Scott Bessent met with Donald Trump on Friday as he and fellow investor John Paulson emerge as leading candidates for the key role of U.S. Treasury Secretary, according to two people close to the president-elect.Bessent and Paulson are among several names that have been reported in the media as potential candidates for the role in recent days. A final decision rests with Trump, and Reuters was unable to learn whether others had been ruled out or were still in contention.
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Under the Biden-Harris Administration, there has been an unconstitutional and relentless attack on the Second Amendment rights and privacies of American citizens. In September 2023, gun-grabbing organizations and far Left politicians including New York Attorney General Letitia James cheered on the creation of a new Merchant Category Code (MCC) for firearms retailers within the payment processing system.... The creation of MCCs specifically for firearms retailers is weaponizing the financial system against lawful gun owners by seeking to label and track transactions on firearms and ammunition. To counteract this infringement on our rights, we introduced the Protecting Privacy in Purchases Act.......
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Brazil, Russia, India, China, and South Africa—recently gathered for their annual BRICS summit with a significant mission: to reshape the global power structure, which has long been dominated by the United States and its Western allies. This year’s BRICS summit highlighted a growing desire among emerging economies to challenge what they see as an outdated world order, pushing for more multipolarity in global governance. The Rise of BRICS For many years, the world has largely been controlled by Western countries like the United States, the United Kingdom, and their allies. These countries are often seen as the leaders in global...
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The International Monetary Fund's latest fiscal monitor report has predicted that the global public debt will surpass $100 trillion this year. The report stated that the debt margin will reach 93% of global GDP by 2030, exceeding its 99% peak during COVID-19 driven by intense spending pressures and sluggish economic growth. The figures are projected to reach 93% of global gross domestic product by the end of 2024 and approach 100% by 2030, IMF said in its fiscal monitor report released Tuesday.
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The Military spokesperson says Israel will reveal how Iran funds Hezbollah and its terror activities; IDF planes strike banks in Beirut's Dahieh and elsewhere around the country.
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SpaceX successfully landed its Starship rocket in what Elon Musk calls one of the company's most important launches. SpaceFund founder Rick Tumlinson joins Josh Lipton on Asking for a Trend to talk about what the landing means for SpaceX and the space exploration industry. The venture capital fund focused on space exploration is invested in SpaceX. "What we're witnessing here [is the] combination of the railroads, the steamships, airplanes, all in one. Like 100 years from now, people are going to look back at this period of time as sort of when humanity breaks out into space, Tumlinson says, adding...
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Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash. In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. It also separately announced plans to raise $25 billion by selling stock and debt. The $10 billion borrowing plans would be included in the $25 billion that Boeing filed to raise. The company’s debt surged in the last six years as Boeing reported core operating losses...
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Interview covering currency cancellations, market shutdowns, CBdC’s, Bitcoin.
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Guilford County Sheriff’s Office via AP The more we learn about Trump's would-be assassin, Ryan Routh, the more we scratch our heads trying to understand how this guy was not on a list, how he got so close, how nobody noticed some crazy man sitting in a but for 12 hours ... This second attempt on Trump's life has turned into a situation where the more we learn the more questions we have. Questions, we're afraid, the mainstream media isn't all that interested in getting answered. For example, Routh's financial situation makes NO SENSE. From Paul Sperry: How the Hell...
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Many Americans were surprised to recently see a coalition of the country’s most radical politicians — Sen. Elizabeth Warren, D-Mass., Rep Maxine Waters, D-Calif., and Sen. Richard Blumentha l, D-Conn., to name a few — teaming up to introduce heavy-handed legislation against the peer-to-peer payment companies (like PayPal, Venmo, Zelle and CashApp) that have improved all our lives. Blumenthal even went so far as to dispatch a separate letter to the head of the Consumer Financial Protection Bureau (CFPB) demanding an investigation into Zelle... The Biden administration brass, especially CFPB Director Rohit Chopra, have fought aggressively to convince the American...
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Aug 28 (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N), has sold some more shares of Bank of America (BAC.N), opens new tab over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lender. Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July. The conglomerate sold about 24.7 million shares of the lender between Aug. 23 and Aug. 27, according to a regulatory filing on Tuesday.
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Long touted as hands-down the world's "safe haven" securities, the behavior of U.S. Treasuries during and after the COVID-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations. That's the key finding of new research presented at the Kansas City Fed's annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behavior in that period that raises questions about the "exorbitant privilege" the U.S. government has long enjoyed to borrow broadly on the global market even as federal budget gaps...
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