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” USDC depegged, but it’s not going to default “ Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg….
Trump heads to Iowa under shadow of possible NY indictment Former President Donald Trump is set to return to Iowa Monday evening, signaling a determination to trudge forward with his 2024 White House campaign in the face of a possible criminal indictment. Trump will deliver an address on education policy in Davenport just days after…
The Hill’s Morning Report — Government scrambles to help struggling banks Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct…
Republicans race to outdo each other on education Former President Trump says parents should elect principals and the Department of Justice should be involved in school discipline for troublesome students. Virginia Gov. Glenn Youngkin and South Dakota Gov. Kristi Noem have moved to curtail the teaching of critical race theory. Florida Gov. Ron DeSantis drew…
White House denies reports Biden has decided to sign off on controversial Alaska oil project The Biden administration denied multiple media reports that it will announce its approval next week of a controversial Arctic oil drilling project long opposed by environmentalist and Native American groups. CNN, The New York Times and Bloomberg reported on Friday…
China-brokered Iran-Saudi deal raises red flags for US An agreement struck by Iran and Saudi Arabia on Friday to re-establish relations has shifted concerns back to the state of the U.S. role in the Middle East — especially since the deal was brokered by Washington’s main adversary, China. The diplomatic agreement, reached after four days…
Five things to know about the Silicon Valley Bank collapse Regulators shut down Silicon Valley Bank on Friday, marking the biggest bank failure since the 2008 recession and sending shockwaves across the tech world. The Federal Insurance Corporation (FDIC) created a National Bank of Santa Clara to hold deposits and other assets of the failed…
Freedom Caucus lays out spending cut demands for debt limit Members of the House Freedom Caucus on Friday presented a set of spending cuts and budget proposals they want as a condition of even considering voting in favor of raising the debt ceiling, laying down one of the first markers in the House Republican Conference for…
” 5 basic principles of finance you should know “ Learning the principles of finance is essential for managing personal and business finances, making informed investment decisions and understanding the economy. Here are five basic principles of finance that you should know. Time value of money This principle suggests that a dollar received today is worth…
Economy adds 311K jobs in February, unemployment rises to 3.6 percent The U.S. economy added 311,000 jobs in February and the unemployment rate rose to 3.6 percent, according to data released Friday by the Labor Department. Economists had been expecting around 225,000 jobs to be added in February and for the unemployment rate to remain…