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
The financial world is changing. Banks and crypto are no longer separate. They are coming together. This is not just a trend. It is the future. Both banks and crypto users want the same things. They want trust. They want clarity. They want things to be easy to use. The companies that understand this
Best Buy has raised its yearly sales forecast, thanks to a strong third quarter. The electronics giant beat Wall Street's expectations, with customers eager to upgrade their tech gadgets. They're buying more computers, gaming consoles, and smartphones. The company now expects to make between $41. 6
House Speaker Mike Johnson recently shared some news with the White House. Most Republicans in the House aren't too keen on extending the extra help people get for health insurance under the Affordable Care Act. This chat happened over the phone with top White House staff. At the same time, Preside
Every year, the U. S. president spares a couple of turkeys from becoming the main dish at Thanksgiving dinner. This tradition, which started way back in 1863 with President Abraham Lincoln, has become a fun and lighthearted event. The turkeys even get to stay in a fancy hotel the night before the bi
In a recent turn of events, an Australian senator found herself in hot water after a protest that sparked a heated debate. Pauline Hanson, known for her strong stance against immigration and certain cultural practices, decided to make a statement in parliament. She chose to wear a burqa, a garment w
Bitcoin, the first cryptocurrency, has been on a rollercoaster ride lately. After a rough patch, things seem to be calming down. The price has been holding steady around $88, 000, which is a big improvement from last week's drop. That drop was so bad it hit a seven-month low and wiped out over $1 tr
Russia has something to say about the peace talks with Ukraine. The Kremlin's spokesperson, Dmitry Peskov, mentioned that the U. S. peace plan is the only serious proposal on the table. He called the current situation an "information frenzy, " with lots of conflicting reports and statements. The U.
A federal judge recently dismissed criminal cases against former FBI Director James Comey and New York Attorney General Letitia James. The judge ruled that the prosecutor, Lindsey Halligan, was not lawfully appointed. This decision is a blow to former President Trump's efforts to pursue legal action
The White House is considering a plan to extend Obamacare subsidies for two more years. This comes as millions of Americans face a significant increase in healthcare costs starting in January. The proposal suggests a cap on eligibility for these subsidies at 700% of the federal poverty level. This i
