Markets have a short memory. Seems it was just yesterday that we were all collectively fretting over bank runs. Today, we would only be interested in the news if the story had “AI” mentioned as the cause. The Charles Schwab Corporation (NYSE:SCHW) was also part of this herd behavior. The…

In the Chinese city of Yiwu, home to the world’s largest wholesale market for small manufactured goods, socks exporter John Zhu is heartened by the rising number of Russian traders willing to settle their bills in renminbi. “Russia’s break-up with the west leaves the country no choice but to rely on…

Fact Check: The difference between Trump’s indictment and Hillary Clinton’s email scandal CNN’s Marshall Cohen explains the similarities and differences between Hillary Clinton’s email scandal and former President Donald Trump’s federal indictment. Read the full article here

“ “The stock market, frankly, is exhibiting signs of a mania, where you have a very concentrated part of the market’s that driving the entire train.” ” — Jeffrey Gundlach, CEO of DoubleLine That’s Jeffrey Gundlach, CEO of DoubleLine, in a CNBC interview Wednesday afternoon, following a decision by the…

Are cryptocurrencies considered unregistered securities? Are some cryptos treated differently from others? What is an unregistered security, anyway? These are questions swirling around in the crypto world — and even confounding some legal experts.Robinhood HOOD, +0.50% announced last week that it is removing three crypto tokens — Cardano, Polygon and…

After becoming a mainstay for millions of Americans during tax season, the standard deduction’s rules and payout size are becoming a part of the brewing Capitol Hill debate over the future of the tax code.A new bill introduced by Republican lawmakers provides insight into what the tax code may look…

The recently retired president of the Kansas City Federal Reserve Bank says the U.S. is likely to “have higher inflation and higher interest rates for some time.” It won’t be easy to get inflation back down to the Fed’s 2% target, Esther George said in an interview with American Century…

© Reuters. FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) speaks to reporters as she arrives for the weekly Senate Democratic caucus policy luncheon at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan Ernst/File Photo By David Shepardson (Reuters) -Two U.S. senators on Thursday urged the National Highway Traffic…

MOSCOW (Reuters) – A Kremlin aide urged the Russian government on Thursday to adopt legislation allowing foreign flagged vessels to use the Northern Sea Route (NSR), which Moscow wants to turn into a new Suez Canal. The NSR runs from Murmansk near Russia’s border with Norway eastwards to the Bering…

Investing.com– Most Asian currencies rose slightly on Wednesday, while the dollar hovered near three-week lows as soft U.S. inflation reading spurred increased bets that the Fed will pause its rate hike cycle later in the day. The dollar weakened further in Asian trade after steep losses on Tuesday, as data…