FX Today: Markets stable as investors watch US government funding decision
The US dollar (USD) is feeling the pressure as investors shift to a risk-on approach with a vote on short-term funding for the US government looming. This vote in the U.S. House of Representatives is expected during the night session. If it passes, we might see a renewed appetite for risk, as many investors are […]
Skims reaches a valuation of $5 billion following recent funding.
Skims Hits $5 Billion Valuation Amid Expansion Plans Kim Kardashian’s brand Skims has reached an impressive valuation of $5 billion as the company actively seeks to broaden its retail presence globally. In its most recent funding round, Skims secured $225 million, a significant increase from its valuation of $4 billion just two years prior, as […]
Court will hear arguments on reducing Medicaid funding for Planned Parenthood
Federal Appeals Court to Review Medicaid Funding Law A federal appeals court is set to hear arguments on Wednesday regarding a law enacted in July that cut off Medicaid funding for family planning services. This decision is under scrutiny as legal challenges proceed. This law, part of President Donald Trump’s tax cuts and spending cuts […]
Judge to consider arguments regarding law that reduces Medicaid funding for Planned Parenthood
Legal Proceedings on Medicaid Funding for Family Planning A federal judge is expected to consider arguments on Wednesday regarding a spending law enacted in July that terminates Medicaid reimbursements for family planning services. This law could remain effective while legal disputes continue. Planned Parenthood, which provides abortion services and receives over $800,000 a year from […]
Forex Today: Markets look forward to Fed remarks and US House decision on funding bill
Here’s the latest for Wednesday, November 12th. The United States dollar (USD) had a tough time finding demand on Tuesday but saw some stabilization early on Wednesday. With no major economic data due for release, investors are likely to focus on comments from Federal Reserve officials and the upcoming House vote on a funding bill […]
Supreme Court decides to support Trump administration’s delay in SNAP funding
Supreme Court Supports Trump Administration’s SNAP Funding Pause The United States Supreme Court has ruled in favor of the Trump administration’s request to extend the suspension of the order that completely funds food assistance benefits for several days. Previously, U.S. District Judge John McConnell from Rhode Island mandated that the government fully fund the Supplemental […]
Biden’s Arctic Frost surveillance of lawmakers could be costly for the government due to a significant provision in the funding bill.
Republican Lawmakers Move Forward with Government Reopening Bill Republican lawmakers approved a bill late Monday that aims not only to reopen the government but also to potentially retaliate against the Biden administration’s FBI operation known as Arctic Frost. Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) released documents last month detailing the Biden FBI’s Arctic Frost […]
Around 400,000 Californians may lose access to Covered CA if Congress does not continue funding.
San Francisco – A Critical Moment for Covered California This year’s discussion around Covered California emerges amid significant uncertainties. If Congress chooses not to extend specific tax credits, the implications could be serious. In fact, a potential government shutdown might drive premiums up for many healthcare policyholders. Under current agreements, a substantial number of Californians […]
Senate Approves Funding Bill to Prevent Schumer Shutdown
Senate Passes Resolution to Reopen Government After Historic Shutdown The Senate approved a continuing resolution on Monday night, effectively ending a government shutdown that lasted 40 days—the longest in history—the week following Democratic initiation of the crisis. This 60-40 vote concludes a challenging period for Democrats, but the internal struggle regarding the party’s identity and […]
Senate approves updated government funding bill and returns it to the House
Senate Passes Stopgap Funding Bill to Avert Government Shutdown On Monday, the Senate approved amendments to a temporary funding bill designed to prevent a government shutdown, which now heads back to the House for review as its members return to Washington. All Republican senators, minus Rand Paul from Kentucky, along with eight Democrats, supported the […]