US

The U.S. is preparing to restrict Chinese companies from accessing to U.S. cloud-computing services from Amazon.com, Inc (NASDAQ: AMZN) and Microsoft Corp (NASDAQ: MSFT).  What Happened: If the new rule is implemented, it would mandate U.S. cloud-service providers to obtain...

The Federal Reserve has released its annual bank stress test, predicting that more than half a trillion dollars could exit the U.S. banking system in a "severely adverse" scenario. What Happened: The report reveals that 23 of the largest U.S. banks would "have sufficient capital to...

U.S. intelligence officials reiterated their warnings to American companies engaged in business in China, highlighting the country's imminent implementation of an updated counterespionage law. According to a statement by the National Counterintelligence and...

Amidst the intensifying global race for artificial intelligence supremacy, the United States and China are engaged in a high-stakes battle, with strategic moves and enticing billionaires shaping the competition.  What Happened: To counter China’s AI ambitions under President...

The global gold market has experienced a remarkable resurgence following two consecutive years of decline due to the COVID-19 pandemic.  The market cap for gold mining and investing is estimated at $13.2 trillion, signaling positive prospects for the leading gold-producing countries...

During an interview in Paris this week, Treasury Secretary Janet Yellen said that an increase in interest rates and recent banking instability are likely to prompt more banks to pursue mergers this year, while adding that the rising costs of retaining depositors are contributing to...

A new study has revealed the best states to live in as a working dad. According to a study by WalletHub, the top 10 states are in the Northeast and Midwest, including Connecticut, New Hampshire, and Wisconsin, while states in the South and Southwest, including New Mexico,...

Secretary of State Antony Blinken met with China's Foreign Minister Qin Gang in Beijing on Sunday at the Diaoyutai State Guesthouse, Reuters reported.  This meeting marked a critical step in the long-awaited endeavor to restore bilateral relations between the U.S. and China,...

After completing a dual master's degree program in medicine, Olumide Gbenro had two choices: becoming a doctor or traveling around the world. "All of my life, I just followed the rules, whether it was from my parents, religion, or society," Gbenro, 33, told CNBC. "But deep down,...

Dawn Fitzpatrick, the chief executive of the $5.61 billion private investment firm Soros Fund Management, says the crisis in the U.S. banking sector is not yet over, and more failures are on the way.  In an interview with Bloomberg, Fitzpatrick said that additional bank...

A Biden administration official has disclosed that China has maintained a spy base in Cuba since at least 2019 as part of its worldwide initiative to enhance intelligence collection capabilities. According to a report by The Wall Street Journal, the senior official stated that the U.S....

Regulatory frameworks concerning digital assets in the U.S. are unlikely to be transformed overnight, even if new bills aimed at facilitating the transition of these assets from securities to commodities are approved by Congress. During a session with the House Agriculture Committee, Rostin Behnam...

In a note on Friday, the Bank of America Corp (NYSE: BAC) said that money market funds have witnessed a deluge of more than half a trillion dollars’ worth of capital. According to the note, money market funds have attracted $756 billion in investments this year...

On Saturday, President Joe Biden signed a bill that extends the debt ceiling for two years, preventing an economically damaging debt default before the pending Monday deadline. The Fiscal Responsibility Act of 2023, negotiated with House Speaker Kevin McCarthy, sets a two-year federal spending...

CIA director William J. Burns made a secret visit to China in May, according to The Wall Street Journal.  According to the report, a U.S. official said that Burns' visit to China was to keep the lines of communication open between the two countries as security relations...