Category: Finance
The trillion dollar “big infrastructure” is coming
Nearly three months after the announcement of President Biden’s $2.3 trillion economic stimulus recovery plan, one of the major infrastructure…
Welcome infrastructure agreement S&P Nasdaq new high
On Thursday Biden announced that the White House and bipartisan senators reached an infrastructure deal. The media said the package…
China Continues to Crack Down on Bitcoin Mining Activities
Several Chinese provinces and autonomous regions have also introduced strict policies banning bitcoin mining after Chinese authorities vowed in May…
Officials forcefully shut down bitcoin mines, private investment becomes a casualty
Chinese officials are further regulating cryptocurrency “mining” activities such as bitcoin, with all cryptocurrency “mining sites” in Sichuan province being…
China Focuses on Crackdown on Virtual Currency Trading, Asks Five Major Banks and Alipay to Cut Payment Chains
The People’s Bank of China announced in its official press release on Monday that it recently interviewed five banks, including…
Why is China getting tougher on cryptocurrencies?
The price of cryptocurrencies has seen dramatic swings in recent weeks as Chinese authorities have hardened their stance on the…
China fears imported inflationary pressures as raw material prices climb
China’s latest Producer Price Index (PPI) for May increased by a whopping 9 percent from a year ago, a record…
U.S. lawmakers propose 25% tax credit to incentivize chip production
A bipartisan group of lawmakers on the U.S. Senate Finance Committee has introduced legislation aimed at providing incentives for chipmakers…
Fed officials sent another hawkish speech, Bullard said the earliest next year to raise interest rates
St. Louis Fed Governor Bullard said in an interview Friday that the Fed is expected to raise interest rates for…
Some commodities erase all gains since 2021
Commodities have received a lot of attention for their gains this year, but as of now, many of them have…
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