The Securities and Exchange Commission (SEC) has accused Ripple Labs Inc. of unlawful issuance of securities in the form of sales for XRP (XRPUSD), by selling more than $1 billion of the virtual tokens without registering with the agency. Later, Coinbase announced that it will halt all XRP trading starting …
Read More »US Congress Votes to Repeal President Donald Trump’s Veto Against an Annual $740 Billion Defense Spending Bill
The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …
Read More »The Turkish lira Rising to the Highest Level Since September
The Turkish lira rose 0.8% to less than 7.5 Lira to the dollar on Monday, its highest level since mid-September, in a continuation of last week’s gains when the central bank raised key interest rates slightly more than expected. The lira recorded 7.4950 in meagre transactions due to the year-end …
Read More »Breaking: President Trump Signs Coronavirus Relief Bill
An article by New York Post cites CNN as saying that President Trump has signed a $2.3 trillion COVID-19 relief and government funding bill that includes $600 stimulus checks for most Americans.
Read More »US: Weekly Initial Jobless Claims Fall to 803K
There were 803,000 initial claims for unemployment benefits in the US during the week ending December 19, the data published by the US Department of Labor (DOL) revealed on Wednesday.
Read More »US: Durable Goods Orders Rise by 0.9% in November
Durable Goods Orders in the United States expanded by 0.9%, or $2.2 billion, on a monthly basis to $244.2 billion in November, the US Census Bureau reported on Wednesday. This reading came in higher than analysts’ estimate for an increase of 0.6%.
Read More »Pfizer/BioNTech to Supply US With 100 Million Additional Doses of COVID-19 Vaccine
Pfizer and BioNTech announced on Wednesday that they will be supplying the US with 100 million additional doses of the COVID-19 vaccine, as reported by Reuters. All 200 million doses purchased by the US is expected to be delivered by July 31, 2021, the statement revealed.
Read More »Trump Urges Congress to Amend ‘Wasteful’ Coronavirus Aid Bill
US President Trump has urged Congress to amend a $900bn coronavirus relief package to more than triple its stimulus payments to Americans. In a video message posted on Twitter, he said the package “really is a disgrace”, full of “wasteful” items. “It’s called the Covid relief bill, but it has almost …
Read More »API: A Sudden Rise in US Crude Stocks Last Week
Data from the American Petroleum Institute on Tuesday showed that US inventories of crude oil rose in the latest week. Crude stocks rose 2.7 million barrels over the week ending December 18 to about 497.7 million, while analysts’ expectations in a Reuters poll indicated a decline of 3.2 million barrels. …
Read More »US: Real GDP Expands by 33.4% in Q3
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.4% in the third quarter, the US Bureau of Economic Analysis’ third estimate showed on Tuesday. This reading beat the previous estimate and the market expectation of 33.1%.
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