News with the tag "OM"

Traders are pouring cash into Amazon, convinced it’s better built to survive President Trump’s trade war than its rivals. As new tariffs hit shelves across the US, retail giants are scrambling, but Wall Street is showing clear favoritism. According to The Wall Street Journal, investors believe Amazo...

One of the largest banks in the US is preparing to pay millions of dollars to settle allegations that it bombarded thousands of people with illegal robocalls. A federal judge in North Carolina has preliminarily approved a $4.1 million class action settlement between Truist Bank and cellphone users w...

French authorities have announced fresh security steps for crypto entrepreneurs and their families. The move comes after a string of violent attempts to kidnap industry figures. Officials are aiming to curb what they call a worrying spike in attacks. Government Steps Up Security According to reports...

Vietnam’s trade officials rushed into emergency negotiations with the United States on Friday, trying to delay or cancel a planned 46% tariff that could gut its export economy. The face-to-face meeting between Vietnamese Trade Minister Nguyen Hong Dien and US Trade Representative Jamieson Greer happ...

The chief global strategist at JPMorgan Chase says the US may avoid a recession, but the bank’s economic outlook is not yet optimistic. In a new interview on CNBC Television, David Kelly says that tariffs and other economic factors may cause the country’s economy to slow down in the months ahead. Ho...

Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth. Bybit, one of the world’s leading cryptocurrency exchanges, has announced a major expansion into Latin America, focusing on key markets like Argentina, Mexico, Colombia, and Chi...

Hard-right Republicans in Congress killed Trump’s long-promised tax overhaul on Friday, the same day Moody’s pulled the US government’s last AAA credit rating, slamming Washington for its runaway debt and refusal to cut spending. The rejection of the bill by five Republicans on the House Budget Comm...

President Donald Trump said that India is ready to remove all tariffs on American goods, yet he signaled that he is not rushing toward a trade deal with India. India is the world’s fourth-largest economy and a key buyer of many U.S. farm and tech goods. In an interview with Fox News host Bret Baier ...

The US has completely lost its highest credit rating, AAA, following the downgrade decision by Moody's, the last of the leading credit rating agencies. Moody's announced that the US credit rating was downgraded to Aa1 due to rising budget deficits and rising interest costs. The organization noted th...

Jerome Powell has told the Federal Reserve to start cutting jobs. In a memo obtained by Bloomberg , Powell said the central bank will lower its workforce by 10% over the next two years. That would mean reducing its nearly 24,000 employees to under 22,000, using what he called a “voluntary deferred r...