Hong Kong passed a stablecoin bill on Wednesday to expand its cryptocurrency licensing regime as more governments recognize the digital asset. Unlike volatile digital assets like bitcoin, the…
Browsing: Economic
Moody’s decision to join other major ratings agencies in downgrading the U.S.’s once-pristine credit rating could have a tangible impact on Americans’ wallets. The agency has…
The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has…
The Federal Reserve will reduce its work force by 10 percent over the next several years to ensure the institution is “right-sized and able” to carry…
Qatar, a nation roughly the size of Connecticut with a population smaller than Brooklyn’s, has leveraged its immense natural gas wealth to secure outsize influence in…
Walmart Inc. (NYSE: WMT), the world’s largest retailer, announced on Tuesday that it will begin raising prices on a broad range of consumer goods in the…
Toyota Motor forecast a 21% profit decline for the current financial year on Thursday, as the strain from US President Donald Trump’s tariffs and an appreciating…
The Bank of England has cut its main interest rate by a quarter of a percentage point, citing lower UK inflation. The move, which had been…
President Donald Trump on Thursday announced a new trade pact with the United Kingdom that he touted as likely just the first of many agreements with…
More than 20 times during a roughly 45-minute news conference on Wednesday, Jerome H. Powell, the chair of the Federal Reserve, referenced the idea of waiting…