Tether, the company known for its stablecoin USDT, has been on a gold-buying spree. In a short span of three months, it acquired 26 tonnes of gold. Now, its total gold holdings stand at approximately 116 tonnes, making it a significant player in the gold market. But not everyone is cheering this move. S&P Global, a major credit rating agency, recently downgraded USD...
Massachusetts is taking a big step to protect its coasts. The state has released a detailed plan to shield its long coastline from rising seas and stronger storms. This plan, called the ResilientCoasts Initiative, is a big deal. It aims to protect homes, roads, and communities from flooding and erosion. The plan is not a law, but it gives ideas on how to make coastl...
FG Nexus, a company that invests in Ethereum, just sold off a big chunk of its crypto holdings. They unloaded about $31 million worth of Ethereum, which is roughly 10, 922 ETH. This move came as their stock was taking a hit, dropping more than 7% in a single day. The company's stock has been on a downward spiral, losing nearly 37% of its value in just one month. Ove...
Peter Schiff, a well-known economist, has raised concerns about companies that hold Bitcoin or Ethereum as part of their treasury strategy. He argues that these companies lack a solid business model. Schiff points out that companies like Strategy rely heavily on Bitcoin. They do not generate much profit. Instead, they take on more debt or issue new shares to buy mor...
The UK's recent budget announcement brought some good news, but it also raised some concerns. Finance Minister Rachel Reeves proudly declared that the country's finances are doing better than expected. This means the government has more money to work with than anticipated. However, this good news might not last long. One of the main concerns was the UK's ability to ...
The recent budget announcement has brought several changes that could impact your wallet. Let's break it down in simple terms. First off, taxes might be a bit tougher. The income tax bands, which decide how much tax you pay, won't increase with inflation until 2031. This means if you get a pay raise, you might end up paying more in taxes than you expected. In Scotla...
Senator Jim Justice, a Republican from West Virginia, has found himself in a financial pickle. He's agreed to pay back nearly $5. 2 million in overdue personal taxes. This isn't his first rodeo with money troubles. The senator, who was once worth billions, has seen his fortune shrink dramatically over the years. Justice's legal team and the federal government recent...
The U. S. Treasury Secretary, Scott Bessent, recently shared his thoughts on the Federal Reserve's approach to managing interest rates. He believes the current system is too complex and needs a major overhaul. According to Bessent, the Fed's strategy for controlling interest rates has become overly complicated and is showing signs of strain. The Fed's approach invol...
In a bizarre turn of events, a man from Borgo Virgilio, near Mantua, Italy, is under investigation for a peculiar crime. He allegedly dressed up as his deceased mother to collect her pension. This isn't just a case of identity theft; it involves hiding a body and deceiving authorities. The man, a 56-year-old unemployed nurse, reportedly hid his mother's body in his ...
The housing market is experiencing a shift. More homeowners are deciding to pull their properties off the market. This trend is driven by several factors, including weak buyer demand, softening home prices, and overall economic uncertainty. In September, nearly 85, 000 U. S. sellers took their homes off the market. This number is up 28% from the same month last year...