Treasury warns digital assets could threaten stability of economy

Treasury warns digital assets could threaten stability of economy

The Treasury Department warned Monday that unregulated cryptocurrencies could pose a risk to the U.S. financial system. The warning was a part of the first major public report released by the Treasury’s Financial Stability Oversight Council on digital assets. The council identified digital or “crypto” assets such as stablecoins as well as lending and borrowing … Read more

OPEC+ cuts would aggravate global oil inventories already in 'shambles,' says GasBuddy's De Haan – CNBC Television

OPEC+ cuts would aggravate global oil inventories already in 'shambles,' says GasBuddy's De Haan – CNBC Television

OPEC+ cuts would aggravate global oil inventories already in ‘shambles,’ says GasBuddy’s De Haan  CNBC Television Oil prices could soon return to $100 as OPEC+ considers ‘historic’ cut, analysts say  CNBC OPEC+ may take back control of the oil market with a major output cut  CNN Oil Output Cut Will Underwhelm Without a Big Change  Bloomberg Moneycontrol Pro Panorama … Read more

3 things are preventing the market from a sustained rally

CNBC’s Jim Cramer on Monday said that Monday’s rally won’t last because none of the headwinds to the economy have abated. Stocks rebounded on Monday after an ugly end to the month and quarter on Friday, notching the best day since June for the Dow Jones Industrial Average and the S&P 500′s best day since … Read more

Stock futures rise slightly following relief rally to begin October

Stock futures went up slightly following a broad rally on the first trading day of October – a sharp turn from September, which brought the worst month since March 2020 for the the Dow Jones Industrial Average and the S&P 500. Futures tied to the S&P 500 increased 0.12%. Nasdaq 100 futures were up 0.21%. … Read more

Ukrainian ambassador tells Elon Musk to ‘f— off’ after billionaire’s Twitter poll

In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images WASHINGTON — American tech billionaire Elon Musk drew the public ire of Ukraine’s top officials Monday after the Tesla CEO tweeted what he claimed was the most … Read more

Challenges to Biden’s student loan forgiveness plan put relief at risk

At least three challenges have been filed so far On Sept. 27,  Frank Garrison, an attorney working for a conservative legal group, brought the first legal challenge to Biden’s plan, arguing that forgiveness would cause him personal injury in the form of a state tax bill. Canceled student debt can be considered taxable income. Although borrowers won’t be … Read more