Türkiye is making progress in its fight against inflation. The finance minister expects the annual rate to drop into the 20% range by February. This is a significant improvement from the 64%-65% seen over the past three years. The government's goal is to bring inflation down to single digits, but th
The world of money transfers is changing fast. Crypto-powered remittances are growing quickly. In 2024, this market was worth $22. 18 billion. By 2025, it is expected to reach $27. 87 billion. This growth is due to clearer rules, more people sending money home, and better crypto payment systems. St
The U. S. stock market saw a bit of a slide on Friday, with tech stocks leading the way down. The S&P 500 dropped 0. 5% from its record high, while the Nasdaq composite fell 1%. This isn't great news for investors who've been riding the wave of AI hype. So, what's causing this downturn? Well, it se
Wall Street is feeling the heat as tech stocks, once the darlings of the market, are taking a nosedive. The S&P 500 dropped 1. 2% from its record high, while the tech-heavy Nasdaq composite fell 1. 8%. The Dow Jones Industrial Average wasn't spared either, shedding 266 points from its recent peak.
Russia is making a bold move against Google. They've frozen about $129 million of Google's assets in France. This is unusual because Russia is trying to use the law to go after a big Western company's money abroad. It's all part of a bigger fight over frozen Russian assets in Europe. Google Russia
Austan Goolsbee, head of the Chicago Fed, made a bold move recently. He voted against lowering interest rates. Why? He thinks the Fed should wait for more data before making big changes. Goolsbee is not against lowering rates in the future. He just wants to make sure it's the right time. Inflation
GigaCloud Technology (GCT) has been making waves in the cloud tech industry, recently hitting a new 52-week high. This company, valued at $1. 42 billion, is known for its global end-to-end B2B technology solutions. It connects manufacturers, mainly in Asia, with resellers in the U. S. , Asia, and Eu
In Pennsylvania, a recent tax case shows how important it is to meet deadlines and provide proof. The Board of Finance and Revenue (BFR) had to make a decision. They denied a refund for a taxpayer. The reason? The taxpayer couldn't prove their claim. The taxpayer wanted a refund based on a recalcula
The U. S. Treasury is stepping up its game to keep an eye on money services businesses. This move comes after a big fraud case in Minnesota, where COVID relief funds meant for school kids' meals went missing. Over 77 people, many from the Somali community, are facing charges for this scam. The Trea
A new group called the Coalition for Prediction Markets (CPM) has just been formed. It includes big names like Crypto. com, Kalshi, Coinbase, Robinhood, and Underdog. Their main goal? To make sure prediction markets are safe, clear, and follow federal rules. Why is this important? Well, prediction
