Financial Services

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency
Jan 10, 2024

Regulators approve new bitcoin funds in move that could spur more investment in the digital currency

The Securities and Exchange Commission has reluctantly approved trading of the first exchange-traded funds that hold bitcoin


Chinese property firm Evergrande's EV company says its executive director has been detained
Jan 8, 2024

Chinese property firm Evergrande's EV company says its executive director has been detained

The electric vehicle unit of troubled Chinese property developer China Evergrande says its executive director has been detained by police on “suspicion of illegal crimes.”


Stock market today: Wall Street tracks toward losses again as sellers take profits early in 2024
Jan 3, 2024

Stock market today: Wall Street tracks toward losses again as sellers take profits early in 2024

Wall Street was poised to open with losses again, one day after markets kicked off the new year giving back some of last year’s big gains


Turkish central bank raises interest rate 42.5% to combat high inflation
Dec 21, 2023

Turkish central bank raises interest rate 42.5% to combat high inflation

Turkey’s central bank has hiked its key interest rate by 2.5 percentage points as part of its efforts to combat high inflation that has left many households struggling to afford essential items


Stock market today: Asian shares mostly lower as Bank of Japan meets, China property shares fall
Dec 18, 2023

Stock market today: Asian shares mostly lower as Bank of Japan meets, China property shares fall

Asian shares are mostly lower, while U.S. futures and oil prices edged higher


Dec 15, 2023

Stock market today: Asian markets churn upward after the Dow ticks to another record high

Asian shares have churned higher after the Dow Jones Industrial Average climbed to another record high


European Central Bank keeps its key interest rate at a record high. Now, when will it cut?
Dec 14, 2023

European Central Bank keeps its key interest rate at a record high. Now, when will it cut?

The European Central Bank has decided to keep its key interest rate at a record high and will leave it there as long as needed to battle back inflation


New Mexico, the No. 2 oil-producing US state, braces for possible end to income bonanza
Dec 11, 2023

New Mexico, the No. 2 oil-producing US state, braces for possible end to income bonanza

New Mexico is bracing for the possibility that a bonanza in oil income for the nation's No. 2 oil producing state will end if the world's thirst for oil falters


Big bank CEOs warn that new regulations may severely impact economy
Dec 6, 2023

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation’s biggest banks say there are reasons to be concerned about the health of U.S. consumers _ particularly poor and low-income borrowers _ in their annual appearance in front of Congress on Wednesday




The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.