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The US labor market is 'healthy,' Treasury Secretary Janet Yellen says, even as data shows conditions softening

Janet Yellen says the current unemployment rate is still low even after it ticked up in July. Inves…

Kelly Cloonan   


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Bitcoin will surge 117% by year-end if 'crypto president' Trump wins the election, Standard Chartered says

Bitcoin will hit $125,000 by the end of 2024 if Trump wins, and a more moderate but still-record $7…

Filip De Mott   


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A German state refuses to buy Treasurys because the US doesn't meet its ESG standards

The German state of Baden-Württemberg passed a sustainable-investing law earlier this year that aff…

Jason Ma   


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Treasury Secretary Janet Yellen tries to calm markets amid historic US bond collapse

"I haven't seen any evidence of dysfunction in connection with the increase in interest rates," Yel…

Aruni Soni   


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Moody's just reignited concerns about the US debt mountain. Here's what that means for the troubled Treasury-bond market.

The ratings agency's announcement Friday comes during a period of Treasury-market turmoil, with yie…

George Glover   


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Jerome Powell says Fed will let bond market volatility 'play out' amid historic Treasury collapse

The central bank will be watching the impact of the bond market, as rising yields have already cons…

Filip De Mott   


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A top US Treasury official lays out 4 reasons why the dollar will remain the global reserve currency

Deputy US Treasury Secretary Wally Adeyemo said Russia has been trying, and failing, to reduce its …

Harry Robertson   


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Treasury yields highest since 2007 after US debt hits a record $33 trillion

The Treasury Department cited tax cuts, coronavirus stimulus packages and lower tax revenues as con…

Joseph Wilkins   


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Bitcoin is on track to hit $100,000 by the end of 2024 as 'crypto spring' has begun, Standard Chartered says

The increased likelihood of US spot ETFs for crypto means bitcoin could even reach $100,000 before …

Filip De Mott   


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Bidenomics could make inflation worse, former US Treasury Secretary Larry Summers says

"We do not have a problem of a shortfall of jobs … We do have a problem with costs."

Jennifer Sor   


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Treasury bond auctions may eventually fail because investors will see federal deficits as too unsustainable, Columbia finance professor warns

Concern about the deficit could reach a point where investors won't buy US debt. "At that point you…

Aruni Soni   


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Washington is fueling a 'war on business' as it cracks down on mergers and acquisitions, former Treasury Secretary Larry Summers says

"These guidelines — by moving away from an emphasis on lower prices for consumers to broader abstra…

Zahra Tayeb   


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SBI raises $600 million from overseas bond sale

"The transaction was well received and saw strong interest from investors across geographies…

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India dropped from currency monitoring list as treasury secretary Janet Yellen seeks closer US-India economic ties

The US has removed India from its currency manipulation monitoring list and made the announcement w…

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Ether could jump 400% in a few years before staging a longer-term rally to $35,000, Standard Chartered says

The second largest cryptocurrency will climb to $8,000 by the end of 2026, given improving blockcha…

Filip De Mott   


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3 mins read

Here are 3 'creative' options the Treasury has if lawmakers can't reach a deal to raise the debt ceiling

"Clearly there are no good choices for the Treasury. Even if feasible, these creative suggestions m…

Carla Mozée   


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Bitcoin could jump nearly 70% if the US defaults on its debt, Standard Chartered analyst says

"So actually, the optimal trade would probably be long bitcoin, short ethereum," Standard Chartered…

Filip De Mott   


Juliana Kaplan,Ayelet Sheffey   


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Russia's war on Ukraine will keep hurting its economy for years to come, Treasury Secretary Janet Yellen says

Western sanctions will "create a drag on Russia's growth prospects for years to come," Yellen said.

George Glover   


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Goldman Sachs-backed crypto payments group Circle aims to become a full-reserve national digital bank

Digital payments company Circle plans to become a full-reserve national commercial bank, according …

Camomile Shumba