Finance

White House press secretary Karine Jean-Pierre said in her Monday briefing the Biden Administration has its eyes on Silvergate after the California crypto bank delayed its annual report and announced the shuttering of its exchange network last week.

Republicans on the Senate Banking Committee are expected to grill Federal Reserve Chair Jerome Powell in a Tuesday hearing on Capitol Hill.

Senate Banking Committee Chairman Sherrod Brown is expected at Tuesday's hearing to criticize the Federal Reserve's continuous interest rate hikes.

For the first time since 2017, Goldman Sachs has initiated first Buy on Apple since 2017 after saying shares could climb as high as 36% in 2023.

The Treasury Department slapped three companies and two individuals with fresh sanctions on Wednesday for "illicitly generating revenue" for North Korea.

Binance USD, Binance's stablecoin pegged to the US dollar has seen outflows equivalent to more than 1/3 its market cap as regulatory pressure scares investors away.

The Institute for Supply Management (ISM) said that its Manufacturing Purchasing Managers’ Index (PMI) reached of 47.7 last month after reaching 47.4 in January, notching the third straight month of contraction.

Target reported an increase in sales and revenue for the fourth quarter but CEO Brian Cornell is not as optimistic about the current environment.

The National Association for Business Economics (NABE) released its latest economic outlook survey which showed economists are divided over a potential recession.

Iran's currency fell to a record low against the U.S. dollar on Sunday as the country's economy struggles with the impact of internal unrest and sanctions.

In the wake of billionaire financier Thomas Lee being found dead on Thursday in New York, additional information has been reported.

The U.S. Treasury Department announced new sanctions against individuals and companies tied to Russia's defense sector to hobble Russia's war machine.

China would face serious repercussions if helped China evade a slew of Western sanctions, Treasury Secretary Janet Yellen said ahead of a G20 meeting.

U.S. Transportation Secretary Pete Buttigieg will visit East Palestine, Ohio on Thursday following the derailment and spill of hazardous materials of a Norfolk Southern (NSC) freight line.

The SEC is investigating whether stablecoins, cryptocurrencies that maintain a price of $1, are among the products that were issued in violation of investor-protection laws.

The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.

The latest inflation data has Goldman Sachs expecting three more interest rate hikes from the Federal Reserve of 25 basis points each this year.

Bitcoin, a digital asset and cryptocurrency, has risen to a six-month high as investors gravitate back to more riskier assets.

Initial public offerings (IPO) were down in 2022 amid inflationary pressures and economic downturn, and experts don’t predict the market to improve in 2023.

President Biden is appointing two top economic advisors for his administration on Tuesday amid economic uncertainty and high rates of inflation in January.