Treasury Secretary Howard Lutnick reassures that the U.S. economy is secure despite Wall Street’s recession fears. During a recent appearance on Meet the Press, he firmly stated that Americans should not prepare for a downturn, arguing that positive changes are on the horizon thanks to President Trump’s tariff strategy, which aims to foster American growth ...
Elon Musk’s warnings about the U.S. nearing bankruptcy have gained traction from businessman Robert Kiyosaki. In a recent Twitter post, Kiyosaki pointed to America’s failing monetary system, asserting that the country is bankrupt due to overwhelming debt—over $230 trillion, including significant social program liabilities. He expressed concern over U.S. bonds losing value if major countries ...
President Donald Trump has signed an executive order to explore the creation of a U.S. national stockpile of digital assets, including Bitcoin, which he promised during his campaign. This move signals a shift in economic strategy, potentially allowing the government to hold over 1 million Bitcoins, which could help address issues like inflation and national ...
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 ...
On February 3, 2025, President Trump announced a one-month delay on a 25% tariff on imports from Canada and Mexico. This decision came after leaders from both countries agreed to enhance border security measures. NBC News reporters provided details on the agreement and how it affects tariffs, particularly regarding China. This development is significant as ...
Coinbase CEO Brian Armstrong recently expressed strong support for a U.S. Bitcoin reserve, highlighting its importance in the future of global economics as cryptocurrency usage expands. He believes that the U.S. should consider Bitcoin as a strategic asset. Betting markets show increasing confidence in this idea, with predictions suggesting a 63% chance of its implementation ...
Recent reports suggest that the crypto landscape in the U.S. could see significant changes under President-elect Donald Trump, who may declare cryptocurrency a national priority. This comes with expectations of an executive order on creating a strategic bitcoin reserve right after his inauguration on January 20. Trump’s shift from skepticism to support for crypto during ...
The cryptocurrency community is celebrating Donald Trump’s return to office, seeing it as a chance for a major policy change after years of strict regulations under the Biden administration. Key appointments, like David Sacks as the crypto czar and Paul Atkins as SEC Chair, signal a more supportive government stance on crypto. Experts predict a ...
In December, the U.S. economy saw stronger job growth than expected, adding 256,000 new jobs, compared to the anticipated 165,000. The unemployment rate also dropped unexpectedly from 4.2% to 4.1%, marking the best job gains since March 2023. Wage growth remained steady at 0.3% for the month, with annual wage increases at 3.9%. This positive ...
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 ...
