The recent discussions held by U.S. Treasury Secretary Janet Yellen during her visit to China have revolved around overcapacity concerns and the encouragement for market-oriented reforms. Yellen highlighted the importance of a healthy economic relationship that benefits both economies. She emphasized the need for a level playing field for American workers and firms, as well
Politics
Joe Lewis, a British billionaire, was recently ordered by a U.S. judge to pay a $5 million fine and serve three years of probation for sharing illegal stock tips. This case highlights the lack of accountability among the wealthy elite, as Lewis was able to avoid prison time despite committing serious financial crimes. The fact
In a recent development, two Florida brothers, Michael Shvartsman and Gerald Shvartsman, pleaded guilty in New York federal court to insider trading charges related to their purchase and sale of securities of Digital World Acquisition Corp. This shell company eventually merged with former President Donald Trump’s social media firm, leading to the brothers earning more
President Joe Biden recently spoke with Chinese President Xi Jinping in a phone call aimed at “checking in” and responsibly managing the strained relationship between the United States and China. The White House described the call as an opportunity for the two leaders to engage in intense diplomacy to address tensions, misperceptions, and prevent unintended
The aftermath of the two-week operation conducted by Israeli forces at Al Shifa Hospital in Gaza City is nothing short of devastating. What was once a bustling medical facility is now a wasteland of destroyed buildings and scattered Palestinian bodies. The Israeli military claimed to have killed and detained hundreds of gunmen in clashes in
The collapse of Baltimore’s Francis Scott Key Bridge on Tuesday has shaken not only Baltimore and Maryland but also the entire United States economy. Maryland Governor Wes Moore emphasized the national economic implications of this catastrophic event during an interview on CNN’s “State of the Union.” The Port of Baltimore, which is now blocked due
Following the collapse of the Francis Scott Key Bridge in Baltimore due to a container ship collision, government officials at federal, state, and municipal levels have sprung into action. The port of Baltimore, which is the 11th largest port in the U.S., has been non-operational since the incident, causing shipping companies to redirect their vessels
Former President Donald Trump, along with eight other defendants, have filed a formal application to appeal a judge’s ruling in Georgia. The ruling allowed Fulton County District Attorney Fani Willis to continue overseeing the case. The defendants had previously attempted to have Willis removed from the case due to her romantic relationship with special prosecutor
In a shocking turn of events, FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for the massive fraud and conspiracy that led to the downfall of his cryptocurrency exchange and hedge fund. The gravity of the sentence is evident by the fact that it was significantly less than what federal prosecutors
China’s dominance in the global clean energy market is posing a threat to U.S. manufacturing, according to Treasury Secretary Janet Yellen. Yellen expressed her concerns about China treating the global economy as a dumping ground for its surplus of clean energy products during a speech at a Georgia solar company. She pointed out that China’s