PayPal announces dollar-backed PYUSD stablecoin
PayPal releases a safe coin called PYUSD, backed by the U.S. dollar. PayPal USD is…
Wealth Preservation
EU state’s bombshell windfall tax dumps bank shares
The unexpectedly high tax on windfall earnings imposed by an EU state drives down bank…
The U.S. government’s debt got a lower rating
Late on Tuesday, Fitch Ratings became the second of the three biggest credit-rating companies to…
After raising U.K. borrowing rates, the BoE suggests they will stay high
Thursday, the Bank of England raised its primary interest rate to a new 15-year high…
The SEC asked Coinbase to stop dealing in everything except bitcoin
The company’s CEO says the SEC told Coinbase to stop dealing in all currencies except…
FTX co-founder Sam Bankman-Fried’s charges are dropped
Federal officials dropped a campaign finance charge against Sam Bankman-Fried; this is the second time…
Spain’s buying power is going down
As shown by numbers, families have cut back on everything from cars to food. This…
Goldman Sachs forecasts “all-time-high” demand for oil
Goldman Sachs says that oil demand will reach an “all-time high.” The investment bank has…
Middle-class homebuyers think they can “always refinance when rates come down”
According to a loan officer, there is a trend among middle-class homebuyers who are taking…
The world economy is ‘slowing down’
The head of the agency has issued a warning that inflation may have a prolonged…
