New Way to Earn Passive Income in Crypto in 2025 Musk’s Big Prediction for 2025 [sponsor] Today’s Breaking News US Social Security scraps plan to limit disability benefits, WaPo reports The policy would have changed eligibility for two federal disability programs by either eliminating or limiting the age of the claimant as a factor for consideration,…
By Matt Tracy WASHINGTON (Reuters) -U.S. corporate credit spreads widened on Monday as the U.S. stock market closed below a key technical indicator for the first time in months. The average option-adjusted spread on U.S. high-yield corporate credit, or the premium over Treasury spreads paid by companies to borrow, widened six basis points between Friday…
(Reuters) -U.S. President Donald Trump’s lavish welcome of Crown Prince Mohammed bin Salman to Washington this week, touted by many as rehabilitation of human rights record of Saudi Arabia’s de facto ruler, has been followed by the kingdom ramping up its planned U.S. investments to $1 trillion. The move marks a remarkable increase from the…
(Reuters) -Shares in Amkor Technology rose more than 8% in after-the-bell trading on Wednesday during Nvidia’s conference call after the AI chip leader’s chief financial officer named Amkor among companies it plans to work with on chip packaging. Amkor shares were last at $33.58 after hitting a high of $34.75 after closing the regular session up 2.4%…
(Reuters) -The Social Security Administration has scrapped a plan that would have stopped thousands of Americans from qualifying for disability benefits, the Washington Post reported on Wednesday, citing people familiar with the decision. The policy would have changed eligibility for two federal disability programs by either eliminating or limiting the age of the claimant as…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Governor Stephen Miran on Friday said that if stablecoins end up enjoying widespread adoption it could mean the central bank needs to keep short-term interest rates lower than they would otherwise be. “Even relatively conservative estimates of stablecoin growth imply an increase in the net supply…
By Howard Schneider WASHINGTON (Reuters) -Two weeks before the U.S. Federal Reserve’s last meeting, with the federal government’s data spigot closed, Atlanta Fed staff backstopped their view of the economy by analyzing how past surveys of business executives had aligned with employment, spending, output and other data captured in federal reports. The results boosted their…
By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s top chip design company, MediaTek, expects to earn revenue of billions of dollars from its AI accelerator ASIC chips by 2027, the chief executive said on Friday, as the company pushes further into the data centre business. Chief Executive Rick Tsai told a quarterly earnings conference…
(Reuters) -Goldman Sachs said on Tuesday it now expects the Bank of England (BoE) to trim rates by 25 basis points in November, after last week’s softer-than-expected inflation data and signs of labour market strain. British consumer inflation stood at 3.8% in September, below the central bank’s forecast of 4%, raising prospects for a rate…
