Treasury Secretary Bessent predicts no US recession in 2026 and expresses strong optimism.
Treasury Secretary Scott Bessent expressed confidence that the U.S. will not face a recession in 2026, stating he’s “very optimistic” about the influence of President Trump’s tariffs and trade agreements. When asked about the possibility of a recession next year, Bessent firmly answered “no.” “I am very optimistic about 2026. We’ve positioned ourselves for robust […]
Understanding the Momentum of BitMine Immersion Stock: Key Insights on Tom Lee’s Ethereum Treasury Company as Q4 Results Approach
BitMine Immersion Technologies Set to Announce Q4 Results BitMine Immersion Technologies Inc. (BMNR), known for its blockchain technology, is set to release its fourth quarter and full-year results by August 31 before the market opens on Friday. Investors are keen to see what insights will come from this announcement. This year, BitMine has taken a […]
FG Nexus Becomes the Newest Ethereum Treasury Company to Liquidate ETH Amid Sharp Decline in Value
Simply put FG Nexus has sold off over $31 million worth of its Ethereum assets. The news led to a more than 7% decline in the company’s shares, bringing its monthly loss to nearly 37%. FG Nexus has utilized the proceeds to buy back its own shares and currently retains $115 million in ETH. Shares […]
Treasury Department Introduces Regulation to Stop Unauthorized Immigrants from Obtaining Income Tax Credits
Treasury Department to Restrict Tax Credits for Undocumented Immigrants The Treasury Department, under President Trump’s directive, intends to introduce new regulations preventing undocumented immigrants and foreign nationals from obtaining significant earned income tax credits like the Earned Income Tax Credit and the Supplemental Child Tax Credit, as reported by Breitbart News. In a statement on […]
Larry Summers, former Treasury Secretary, steps down from OpenAI Board due to his association with Jeffrey Epstein
Larry Summers, the former president of Harvard University and Treasury Secretary under Bill Clinton, has stepped down from the board of OpenAI following revelations about his longstanding relationship with convicted sex offender Jeffrey Epstein. Summers’ resignation was announced on Wednesday, coinciding with his decision to withdraw from public engagements after lawmakers released emails that highlighted […]
Treasury Department States Banks May Hold Crypto on Their Balance Sheets in Some Situations
Simply put The OCC has confirmed that banks can now hold and utilize virtual currencies, even for paying blockchain network fees tied to authorized banking activities. Additionally, banks are permitted to hold digital assets for testing purposes related to cryptocurrency platforms, rolling back some restrictions from the Biden administration. This policy supports a prior initiative […]
Bitcoin Treasury KindlyMD Continues Stock Decline Following Earnings Postponement
Simply put KindlyMD’s stock saw a nearly 10% drop on Monday after the company failed to meet its third-quarter earnings deadline, which was complicated by accounting issues from the Nakamoto merger. The stock value of this Bitcoin treasury company has plummeted 95% compared to six months ago. The projected losses for the third quarter include […]
Treasury Secretary Scott Bessent cautions about the ‘perfect storm’ driving ground beef prices to $10 a pound.
WASHINGTON — The cost of steak is on the rise. On Sunday, top officials from President Trump’s administration defended his efforts to tackle the increasing food prices in the wake of the unrest. Reports suggest that ground beef prices may reach $10 per pound soon. Treasury Secretary Scott Bessent attributed the high prices to a […]
Last five minted pennies from the US Treasury could lead to a bidding war worth millions.
U.S. Treasury to Mint Final Penny The U.S. Treasury plans to mint its last penny today. Treasury Secretary Scott Bessent shared that production of the final five pennies, featuring a unique Omega mark, will conclude, turning them into potential collector’s items worth millions. Initially authorized by the Coinage Act of 1792, the penny has become […]
Clinton’s Treasury secretary stayed in contact with Jeffrey Epstein years after his conviction.
Documents released by House Republicans on Wednesday indicate that Larry Summers, who served as Treasury Secretary under former President Bill Clinton, maintained regular contact with Jeffrey Epstein even after Epstein’s conviction on prostitution-related charges. These documents, totaling over 20,000 pages, contain email exchanges between Summers and Epstein from 2016 to 2019. Interestingly, the correspondence reveals […]