[ad_1] Stablecoin Tether and Circle’s USDC dominate the market.Justin Tallis | Afp | Getty ImagesThe Securities and Exchange Commission issued a statement on Friday, clarifying that it does not deem certain stablecoins to be securities.Specifically, the agency’s Division of Corporate Finance refers to stablecoins that are “designed to maintain a stable value relative to the United States Dollar, or ‘USD,’ on a one-for-one basis, can be redeemed for USD on a one-for-one basis … and are backed by assets held in a reserve that are considered low-risk and readily liquid with a USD-value that meets or exceeds the redemption value…
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[ad_1] It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue tie or a red tie, and [went], ‘Maybe not, you know?'” Powell said the importance of Fed independence served as a key catalyst for his color selection. Historically, “red” is a color most often associated with Republicans while “blue” is associated with Democrats. “We…
[ad_1] It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue tie or a red tie, and [went], ‘Maybe not, you know?'” Powell said the importance of Fed independence served as a key catalyst for his color selection. Historically, “red” is a color most often associated with Republicans while “blue” is associated with Democrats. “We…
[ad_1] The seal of the US Department of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty ImagesA New York federal judge on Friday ordered the jailing of convicted drug dealer and predatory lender Jonathan Braun, whose 10-year prison sentence was commuted in 2021 by President Donald Trump, after a string of arrests over the past seven months.Braun was arrested last weekend on Long Island on state charges of assaulting an acquaintance and that man’s three-year-old child, The New York Times revealed Tuesday.Before that, he was arrested four other times on state charges, including for allegedly…
[ad_1] On April 2, 2025, President Donald Trump announced a series of tariffs, referring to the day as “Liberation Day.” These tariffs include a universal 10% levy on all imported goods and higher rates for specific countries, such as an additional 34% on Chinese imports, which now totals 54%, and 20% on those from the European Union. The administration’s goal is to address trade imbalances and encourage domestic manufacturing. These measures will greatly affect the renewable energy sector and the clean energy transition. The announcement also caused a massive sell-off on Wall Street, wiping out nearly $2.5 trillion in value…
[ad_1] It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue tie or a red tie, and [went], ‘Maybe not, you know?'” Powell said the importance of Fed independence served as a key catalyst for his color selection. Historically, “red” is a color most often associated with Republicans while “blue” is associated with Democrats. “We…
[ad_1] By Shankar Ramakrishnan (Reuters) – U.S. President Donald Trump’s tariffs brought U.S. investment-grade bond issuance to a screeching halt this week, but market stress had already been apparent over the past month as jittery investors pushed back on pricing, some bankers said. Since Trump imposed sweeping tariffs on U.S. imports on Wednesday, no new bonds have been priced by investment-grade companies. The halt in offerings followed a period last month when, for the first time since the pandemic, companies struggled to issue bonds at the price they wanted, several bond syndicate bankers said. In some cases, bankers said, investors…
[ad_1] Investors looking to ride out the market turmoil may turn to dividend-paying names. Stocks have been selling off since President Donald Trump signed his tariff policy Wednesday, which imposes 10% duties across the board and higher levies on certain countries. One sector that has attractive payouts is real estate investment trusts. The MSCI US REIT Index has been a relative outperformer since the Nasdaq Composite peaked on Feb. 19 for its highest close in 2025, Bank of America said in a note last Friday. The MSCI US REIT Index is down more than 7% so far this year, while…
[ad_1] Duke Energy is one of the largest energy companies in the U.S to hit a major milestone last month. The U.S. Nuclear Regulatory Commission approved a 20-year license renewal for its Oconee Nuclear Station. This means the plant’s three reactors can keep running safely and supplying clean, reliable electricity through the 2050s. Most significantly, it supports the company’s goals to meet the growing energy demand with low-carbon power. The EIA expects power demand to grow to 4,179 billion kilowatt-hours (kWh) in 2025 and reach 4,239 billion kWh in 2026. This would surpass the previous record of 4,082 billion kWh set…
[ad_1] Duke Energy is one of the largest energy companies in the U.S to hit a major milestone last month. The U.S. Nuclear Regulatory Commission approved a 20-year license renewal for its Oconee Nuclear Station. This means the plant’s three reactors can keep running safely and supplying clean, reliable electricity through the 2050s. Most significantly, it supports the company’s goals to meet the growing energy demand with low-carbon power. The EIA expects power demand to grow to 4,179 billion kilowatt-hours (kWh) in 2025 and reach 4,239 billion kWh in 2026. This would surpass the previous record of 4,082 billion kWh set…