Author: IA PressRoom

Warning: SBGSY is at high risk of cutting its dividend

An agreement in principle was reached Saturday between House Republican leaders and the White House that would prevent the government from breaching debt ceiling and failing to meet all its obligations.The deal would claw back some unspent COVID-19 pandemic funds and provide a cut from funding granted the IRS in President Biden’s Inflation Reduction Act, multiple sources told Fox News and Fox News Digital. It would also suspend the debt limit until after the 2024 presidential election, sources said. House Speaker Kevin McCarthy said the deal includes cuts and language aimed at reducing the government’s footprint. He said the text of…

A man appeared on a budgeting podcast to seek help and raise awareness for mental health issues. Duncan, 26 from San Antonio, said his Bipolar 2 disorder contribute to his dire finances. He told Hammer he owed some $57,000, with minimum payments taking 40% of his $2,150 monthly income. A man struggling with huge debts appeared on a budgeting podcast last week, saying he was an example of how ignoring mental health can lead to financial problems.Duncan, 26, from San Antonio, Texas, told appeared on the “Financial Audit” run by YouTuber Caleb Hammer. He didn’t give a second name.Hammer and…

U.S. stocks finished mostly lower on Thursday, kicking off the final month of a brutal year for investors on a downbeat note. The Dow Jones Industrial Average DJIA, +1.00% fell about 194 points, or 0.6%, ending near 34,395. The S&P 500 index SPX, +1.30% fell 0.1%, while the Nasdaq Composite Index COMP, +2.19% rose 0.1%, according to FactSet. Stocks rallied sharply on Wednesday after Federal Reserve Chairman Jerome Powell indicated the central bank may soon downsize its pace or rate hikes after a series of jumbo increases of 75 basis points to the Fed’s policy rate. That has brought the…

The first Chinese-made passenger jet has taken to the skies on its inaugural commercial flight, in a symbolic moment for China’s technological independence after years of delays for the project.The single-aisle C919 flew from Shanghai to Beijing on Sunday following more than a decade of development and an estimated $72bn in support from Beijing.The aircraft has boosted the aspirations of Chinese leader Xi Jinping as he aims for technological self-sufficiency for his country in the face of intensifying trade tensions with the US. The prospect, albeit long term, of a Chinese passenger jet industry could pose a threat to the…

© Reuters. FILE PHOTO: The sun sets behind the U.S. Capitol building in Washington, U.S., October 6, 2021. REUTERS/Leah Millis/File Photo By Steve Holland, Gram Slattery and Katharine Jackson WASHINGTON (Reuters) -U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate. However, the deal was announced without any celebration, in terms that reflected the bitter tenor of the negotiations and the difficult path it has to pass through Congress before the United States runs out of money to pay its…

While it’s evident that NFTs lost the glory they once had, Animoca Brands co-founder Yat Siu defended the non-fungible token market during a Bloomberg interview with host Caroline Hyde. According to Siu, the NFT world remains strong despite the faded activity. He highlighted that the industry continued to rake up massive sales. He revealed that the non-fungible token industry made $24 billion in sales in  2022. The co-founder stated that 4.7 billion of NFT sales took place in Q1 2023. That means individuals continue to see value in these assets. Moreover, NFT owners and creators enjoy 90% of the generated…

Five months after raising the DAI savings rate (DSR) to 1%, the MakerDAO community is expected to soon vote on a new proposal that seeks to increase the DSR further to 3.33%. The last rate hike saw 35 million DAI stablecoins deposited in a span of a month and if the new proposal is to sail through, it could have much broader implications for rates across the DeFi space. Upcoming Executive MakerDAO Vote In a tweet on May 26, the Maker team revealed that there is an upcoming executive vote that will raise the DSR if approved. According to the…

© Reuters Investing.com – The much-awaited deal to raise the U.S. debt ceiling is in, President Joe Biden said on Saturday, potentially setting equity and commodity markets on a new wave of risk-taking – after weeks of fear about a government default on payments. “Earlier this evening, Speaker McCarthy and I reached a budget agreement in principle,” Biden said in an announcement on Twitter, barely 24 hours after Treasury Secretary Janet Yellen said the administration had until June 5 to avoid default.  Republican congressional leader Kevin McCarthy and Democrats led by Biden and Senate Majority Leader Charles Schumer have been…

In the volatile world of cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have recently shown a notable spike, with both digital assets experiencing a nearly 2% increase in their prices. This upward movement has left investors wondering if there is further upside potential shortly. As the two leading cryptocurrencies continue to attract attention and dominate the market, it’s crucial to analyze the factors driving their recent surge and assess the possibilities for continued growth. Let’s delve into the current trends and predictions for Bitcoin and Ethereum.Bitcoin Price The current price of Bitcoin stands at $27,201, with a trading volume of $9.7 billion over the past…