The Commodity Futures Trading Commission (CFTC) sued Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao on Monday for allegedly breaking trading and derivatives rules. […]
Author: Jason Cohen
The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens Bancs made a deal to acquire Silicon Valley Bank (SVB), the recently failed tech lender. […]
American investing titans holding significant s of TikT parent company ByteDance are remaining silent on the national security concerns posed by the social media app, as well […]
The Washington Post pilloried Republican representatives probing TikT CEO Shou Chew at a hearing on the platform, contending that it should not be disallowed after the publication […]
TikT CEO Shou Chew dodged questions Thursday about whether tactics by parent company ByteDance used to “spy” on American journalists could be used to target Americans. […]
China said it would fiercely challenge any compelled sale of TikT in its first response to Biden administration calls for the popular video app to divest itself […]
Treasury Secretary Janet Yellen told lawmakers Wednesday that the Federal Deposit Insurance Corporation (FDIC) wouldn’t be offering “blanket insurance” for all U.S. bank deposits in the wake […]
After raking in over $7 million in speaking fees from financial institutions in the two years before being confirmed, Treasury Secretary Janet Yellen now plays a major […]
Janet Yellen’s policy would destroy small US banks while bailing out Chinese depositors, experts say
Treasury Secretary Janet Yellen stated during her testimony at a Senate Finance Committee hearing on March 16 that she, the FDIC board, the Fed board, and President […]
The tech race between the U.S. and China is now centered on artificial intelligence, with major implications due to differences in their economies, governments, and ambitions, according […]
China released its main Chat GPTcompetitor, developed by search engine giant Baidu, Thursday in Beijing, but its debut of the bot was a failure and led to […]
Goldman Sachs, one of the largest U.S. investment banks with strong political ties, is likely to gain a massive profit following their purchase of Silicon Valley Bank’s […]
