Russian Ruble Surges, Becoming World’s Best-Performing Currency – The Moscow Times
The Russian ruble was bolstered to US dollars at 82.3 on Wednesday, making it the world’s best performing currency, and even the traditional safe haven of gold. Data compiled by Bloomberg shows that since the beginning of this year, the ruble has bolstered 38% against the dollar in the commercial market show. According to the […]
Trump can pull stocks back from the brink, but bond and currency markets may not be so easily impressed as they rapidly de-dollarize – Yahoo Finance
President Donald Trump has introduced more volatility and uncertainty He took part in his trade war by exempting various household appliances and critical technical components. It is expected to increase stocks across US technology companies and stock markets, but bond and currency markets could be a different story. President Donald Trump has shown he could […]
Scott Bessent issues a warning to China over currency moves
Treasury Secretary Scott Bessent has responded to China's 84% tariffs on US goods, the state of the Chinese economy, and the potential backup plans for corporate America are closed in light of tariffs. Treasury Secretary Scott Bescent said Wednesday that there was no systemic problem in the bond market in his interpretation in the sector, […]
$2 bills: Why does the US still print the rarely-used currency?
(Nexstar) – President Donald Trump recently called on the Treasury to stop building new pennies, calling it “no waste” after the government's Department of Efficiency (DOGE) set its own spectacle on a cent coin. There is debate about the value and importance of penny, but the discussion turned its attention to another low-value currency, a […]
1,000 Bulgarian nationalists protest against government plans to adopt euro currency – The Associated Press
SOFia, Bulgaria (AP) — Police in the Bulgarian capital clashed with nationalist protesters on Saturday, demanding that government scraps plan to introduce the country into the eurozone. Approximately 1,000 protesters gathered in front of the Sofia office of the European Commission, the European Union's administrative division, and began throwing red paint and firecrackers on the […]
Trump unveils nominees for CFPB director, comptroller of the currency
President Trump sent the Senate a new list of nominations on Tuesday, announcing his selection, leading several major financial regulators in his second administration. Jonathan McCernan has been tapped to chair the Consumer Financial Protection Bureau (CPFB). A former board member of the Federal Deposit Insurance Corporation announced plans to step down from the agency […]
Trump says he will kill ‘wasteful’ US currency
President Donald Trump has announced plans to stop production of penny. “For too long, the US has been minting pennies that cost literally more than two cents,” Trump wrote in The Truth Society. “This is a lot of waste! I have instructed my US Treasury secretary to stop production of new penny.” He added, “Let's […]
President Trump Signs Executive Order To ‘Evaluate’ Strategic Bitcoin and Crypto Reserve, Ban Central Bank Digital Currency, Boost Stablecoins – The Daily Hodl
President Trump just signed an executive order recognizing the creation of the National Strategic Reserve of Bitcoin and cryptocurrencies and blocking the development of central bank digital currencies (CBDCs) while promoting the adoption of stablecoins. The order, titled “Strengthening U.S. Leadership in Digital Financial Technology,” states that the government supports the “responsible growth” and use […]
Crypto firm Digital Currency Group to pay SEC $38.5 million for misleading investors – CNBC
Barry Silbert, founder and CEO of Digital Currency Group Inc., speaks at the Skybridge Alternatives (SALT) conference on Thursday, May 9, 2019 in Las Vegas, Nevada, USA. Bloomberg | Bloomberg | Getty Images Digital Currency Group, the cryptocurrency company founded by Barry Silbert, and former executives from its defunct division are paying $38.5 million to […]
There’s a secret currency converter on your smartphone
Change it here anywhere. International travelers who want to know their destination's local currency now have access to a handy new tool to make their lives easier, built into every iPhone. Gone are the days when you had to use Google every time you looked up prices at a foreign supermarket or restaurant. A clever […]