President Trump's unexpected firing of Federal Reserve Governor Lisa Cook raises alarm over the central bank's independence. Wall Street reacts positively ahead of Nvidia's earnings report, but the implications for monetary policy could be significant.
Indian Prime Minister Narendra Modi is set to visit China for the first time in seven years, signaling a potential thaw in India-China relations amid rising tensions with the US over oil purchases.
U.S. Treasury Secretary Scott Bessent warns that the Federal Reserve's independence is at risk due to 'mandate creep' and calls for a review of its recent renovation project amid budget concerns.
In a historic move, President Trump has signed the GENIUS Act, establishing a regulatory framework for stablecoins, potentially transforming how cryptocurrencies are used in everyday transactions. Supporters hail it as a major win for the crypto industry, while critics voice concerns over regulatory gaps.
Elon Musk's announcement of a new political party, the 'America Party,' has sparked a fierce debate with Trump and raised eyebrows among investors. What does this mean for Musk's business empire and the upcoming elections?
The latest U.S. Treasury auction of 20-year bonds faced weak demand as fears over rising national debt and a contentious tax-and-spending bill grow. Investors are increasingly worried about fiscal responsibility amidst economic uncertainty.
The recent selloff in Treasuries, triggered by tariffs, has raised concerns about the stability of the U.S. bond market. Hedge funds are unwinding leveraged trades, leading to wider bid-ask spreads and potential long-term damage to U.S. assets.
The US bond market faces unprecedented turmoil as Trump's tariff war with China escalates, sending yields to their highest levels in months. Investors panic as the stability of US Treasuries is questioned.
In a surprising turn, the U.S. Treasury Department announced it will not enforce the Corporate Transparency Act, relieving millions of businesses from disclosing their beneficial owners. This move aims to support small businesses but raises concerns about money laundering.
Wall Street's top banks left puzzled after meeting with US Treasury on compliance with new rules for investing in Chinese companies, facing uncertainty over deal qualifications and reporting requirements.
