Reciprocal tariffs are a straightforward trade tactic where if one country imposes tariffs on another’s goods, the affected country retaliates with similar tariffs. This strategy echoes back to the 1930s, aimed at reducing trade barriers but has evolved into a more aggressive approach today. For instance, in 2025, the U.S. raised tariffs significantly on Chinese ...
In the recent episode of the “Bitcoin Policy Hour,” experts from the Bitcoin Policy Institute explored how a single U.S. government policy decision could significantly boost Bitcoin’s value. Executive Director Matthew Pines noted that the current global monetary system has remained unchanged since 1973 but is now facing challenges, particularly from powerful countries like China. ...
In January, the U.S. economy added 143,000 jobs, which was lower than expected, while the unemployment rate decreased to 4%. Despite fewer job gains, wages increased more than anticipated, with hourly earnings rising by 0.5%. The Bureau of Labor Statistics also revised previous job counts, showing a decrease of 589,000 jobs for the year. Job ...
A massive £5 billion worth of cryptocurrency seized from criminals may help address the UK’s public finance gap of £22 billion. This digital currency was confiscated during an investigation into Jian Wen, who was convicted for her role in laundering money from a £7 billion fraud scheme. The funds, once valued at £1.4 billion in ...
Bitcoin has recently surged past $100,000, sparking discussions about a strategic Bitcoin reserve, similar to the U.S. Strategic Petroleum Reserve. Proposed in the Bitcoin Act of 2024, this reserve aims to bolster the U.S. economy and stabilize the national debt, potentially creating significant wealth for the Treasury. The concept gained traction at a Bitcoin conference ...
The recent sharp selloff in UK bonds, which pushed borrowing costs to their highest level in a year, lost steam on Friday. Investors paused their selling, leading to a stabilization in the bond market.
Japanese stocks declined after the yen gained 1% against the dollar overnight, following comments from Bank of Japan Governor Kazuo Ueda. Investor caution ahead of the upcoming US presidential election also contributed to the market’s downturn.
Profits at China's industrial firms fell sharply in September, declining faster than in August. This drop is being attributed to increasing deflationary pressures, which are weakening corporate finances across the sector.
In a recent statement, Bundesbank President Joachim Nagel criticized Russian demands for global cooperation during the G20 summit, calling them a mockery in light of Russia's ongoing invasion of Ukraine. He emphasized that the war is contributing significantly to Germany's economic challenges.
Defaults in China's local debt market have reached an all-time high, catching investors off guard. Many had believed these securities were implicitly backed by the government, but the reality is proving otherwise. This surge in defaults is raising concerns and uncertainty among those who thought their investments were secure.
