The Trump administration escalated its offensive against the Consumer Financial Protection Bureau (CFPB) on Monday, denouncing the consumer watchdog as a “woke” agency whose “weaponization ends right now,” even as a union representing CFPB workers filed suit over a White House-ordered work stoppage. The salvo came hours after Russell Vought,…
The pro-crypto stance of US President Donald Trump is reverberating across global markets, particularly in Japan, where one company’s bold pivot to Bitcoin accumulation is generating extraordinary returns for its shareholders. Shares of Metaplanet Inc. have skyrocketed roughly 4,800% over the past year, making it the top-performing Japanese equity and…
The industrial metals sector has experienced a turbulent beginning to the year, with prices fluctuating significantly. This volatility is primarily attributed to the uncertainties surrounding potential tariffs and trade restrictions. The imposition or even the threat of tariffs can disrupt global supply chains, impacting the availability and cost of raw…
Cryptocurrencies displayed optimism on Tuesday as Bitcoin becomes immune to tariffs’ developments. While altcoins mirrored the enhanced sentiments, Aave stole the show with an over 6% daily uptick. Coinmarketcap shows AAVE jumped from the opening price of $245 to the resistance at $260 within the past day. The prevailing bullish…
Google Maps has updated its naming conventions for US-based users, now displaying the body of water previously known as the Gulf of Mexico as the “Gulf of America.” The change follows an executive order signed by former US President Donald Trump, who sought to “honor American greatness” by renaming geographic…
Saudi Arabia’s crude oil supply to China will likely decrease in March compared to the previous month, trade sources told Reuters on Tuesday. This comes after the kingdom increased its prices to the highest in over two years. State-owned oil company Saudi Aramco will decrease its oil shipments to China…
US Vice President JD Vance, speaking at the AI Action Summit in Paris on Tuesday, pledged that the US would safeguard its artificial intelligence (AI) and semiconductor technologies from theft and misuse, emphasizing a firm stance against the “weaponization” of critical technologies. He detailed the Trump administration’s approach to artificial…
Traders remained cautious as Bitcoin traded sideways above the $95,0000 support level throughout the day amid macroeconomic pressures. Despite a slow day for prices, the total crypto market capitalization recovered to levels last seen on February 5. In the past 24 hours, it was up 0.64% at $3.33 Trillion. The…
President Donald Trump’s penchant for shaking up the global trade landscape with tariff announcements has become a recurring theme. Yet, despite his latest plans to target key industrial metals and impose retaliatory duties, Wall Street has largely shrugged off the threats, with stocks rallying in defiance of the trade uncertainty.…
It appears the days when President Donald Trump’s pronouncements on trade policy could send shockwaves through the Bitcoin market are waning. While past tariff threats elicited immediate and often dramatic price swings, Bitcoin’s recent reaction to similar announcements suggests a growing resilience to Trump’s trade rhetoric. Past reactions: a history…