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Treasury’s recent moves in the bond and currency markets add up to ‘soft-form financial repression’

Treasury’s recent moves in the bond and currency markets add up to ‘soft-form financial repression’

As the United States national debt climbs toward a staggering 40 trillion dollars, observers are beginning to worry that the government is treating the symptoms of its fiscal crisis rather than curing the disease. Recent

Business
Paramount, California AG to meet over possible settlement in $110B Warner Bros Discovery merger lawsuit

Paramount, California AG to meet over possible settlement in $110B Warner Bros Discovery merger lawsuit

Lawyers for Paramount and representatives from California Attorney General Rob Bonta's office are expected to sit down this Monday to explore a potential resolution regarding the massive one hundred ten billion dollar acquisition of Warner

Business
‘The U.S. is not the only game in town anymore’ — Treasury debt faces more competition from higher-yielding bonds overseas than in recent decades

‘The U.S. is not the only game in town anymore’ — Treasury debt faces more competition from higher-yielding bonds overseas than in recent decades

For decades, the United States Treasury market functioned as the default destination for the world's largest investors. Because other countries offered negligible returns, pension funds and insurance companies essentially had no choice but to park

Business
Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit

Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit

Representatives from Paramount and Skydance are expected to sit down with the California attorney general's office this Monday to explore a possible settlement regarding an antitrust lawsuit. This move comes amid mounting pressure from high

Business
Alfalfa sprouts recalled for E. coli and salmonella after dozens of illnesses

Alfalfa sprouts recalled for E. coli and salmonella after dozens of illnesses

Health officials are issuing an urgent warning to consumers across fifteen states following a rare and concerning outbreak linked to contaminated alfalfa sprouts. According to the Centers for Disease Control and Prevention, at least 55

Business
Bessent’s bond gambit aimed at calming markets is instead stirring inflation worries

Bessent’s bond gambit aimed at calming markets is instead stirring inflation worries

Treasury Secretary Scott Bessent attempted to soothe a jittery government debt market this week, but his strategy appears to have backfired, triggering fresh anxiety over inflation. In a bid to improve liquidity, the Treasury announced

Business
Why Is Moderna Stock Down Today?

Why Is Moderna Stock Down Today?

Moderna experienced a sharp correction on Thursday, erasing more than 18 billion dollars in market valuation just one day after its stock had skyrocketed to record heights. The plunge saw shares drop over 25 percent

Business
Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

Treasury Secretary Scott Bessent is finding out the hard way that calming the bond market requires more than just adjusting a few levers at the Treasury Department. Despite a surprise announcement to double the size

Business
Zuckerberg lied about concern for child safety, Meta whistleblower testifies at landmark trial

Zuckerberg lied about concern for child safety, Meta whistleblower testifies at landmark trial

A bombshell testimony from a former Meta safety engineer has cast a harsh light on the company's internal approach to youth protection, suggesting that Mark Zuckerberg knowingly misled the public about his commitment to child

Business
Whistleblower Arturo Béjar leads testimony in landmark trial against Meta

Whistleblower Arturo Béjar leads testimony in landmark trial against Meta

Arturo Bejar stepped out of the Ronald V. Dellums Federal Building and United States Courthouse this week after delivering scorching testimony in a landmark trial against Meta. A former engineer who spent years working on