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Yellen warns of more sanctions in response to Iran's increasing activity: “Treasury will not hesitate to work with our allies to use our sanctions authority ...
pbs.org/newshour/economy/yellen-warns-of-more-sanctions-in-response-to-irans-increasing-activity
Yellen warns of more sanctions in response to Iran's increasing ...
Quick Glance: Yellen warns of further sanctions in response to Iran's increasing activities
  • Treasury Secretary Janet Yellen warned of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's 'malign and destabilizing activity' in the region.

  • The fast-rising tensions between Iran and Israel and the potential implications of escalation on the global economy are at the forefront of the spring meetings of the International Monetary Fund and World Bank.

  • Yellen announced additional sanctions actions against Iran in the coming days and expressed support for liquidating roughly $300 billion in frozen Russian Central Bank assets for Ukraine's reconstruction.

  • Another major focus of this year's meetings will be Chinese industrial policy, which Yellen believes poses a threat to U.S. jobs and the global economy. She plans to meet with Chinese counterparts to identify potential areas of cooperation and address concerns.
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Janet Yellen tackles China over flood of cheap goods: Janet Yellen has kicked off her second visit to China as US treasury secretary with a warning of the risk ...
cnn.com/2024/04/04/business/yellen-us-china-economic-relations-hnk-intl/
Janet Yellen tackles China over flood of cheap goods
Quick Glance: Yellen Warns China of Overproduction Risks
  • Janet Yellen has warned China during her second visit as US Treasury Secretary about the risks to jobs and businesses posed by the overproduction of certain goods.

  • Yellen highlighted the consequences of the overcapacity of Chinese goods in key industries such as electric vehicles and solar panels, stating that this could impact American firms, workers, and companies globally.

  • She discussed potential trade barriers that could be considered if China does not respond to warnings about overcapacity, emphasizing that China is flooding the global market with cheap, state-subsidized products.

  • Yellen emphasized the importance of a level playing field for companies and workers in both countries and continued her discussions on bilateral cooperation in areas such as climate change and financial stability with Chinese counterparts.
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Treasury Secretary Janet Yellen arrives in China to talk trade, green technology tensions
pbs.org/newshour/politics/treasury-secretary-janet-yellen-arrives-in-china-to-talk-trade-green-technology-tensions
Treasury Secretary Janet Yellen arrives in China to talk trade ...
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Y Combinator invites alums to invest in new funds: The strategy is a somewhat bold move in the current fundraising environment.
axios.com/2024/04/06/ycombinator-funds-alumi-investing
Y Combinator invites alums to invest in new funds
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How commercial real estate challenges are affecting banking: A combination of higher interest rates and increased vacancies — especially in office buildings — ...
americanbanker.com/list/how-banks-are-navigating-commercial-real-estate-challenges
How commercial real estate challenges are affecting banking
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Why Yellen’s reflation pleas fall flat in Beijing: The People’s Bank of China is giving a whole new meaning to “monetary science.” Asia’s biggest economy's ...
asiatimes.com/2024/04/why-yellens-reflation-pleas-fall-flat-in-beijing/
Why Yellen’s reflation pleas fall flat in Beijing
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8 of the biggest issues facing the banking industry today: A major shake-up in the payments world, a data breach that's opened up a debate on who is ultimately ...
americanbanker.com/list/8-of-the-biggest-issues-facing-the-banking-industry-today
8 of the biggest issues facing the banking industry today
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Treasury's Yellen says funding bill allows lending of $21 billion to IMF trust: A $1.2 trillion government funding bill passed by Congress will allow the U.S ...
reuters.com/world/us/treasurys-yellen-says-funding-bill-allows-lending-21-bln-imf-trust-2024-03-23/
Treasury's Yellen says funding bill allows lending of $21 billion to IMF ...
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How Much Will Commercial Property Crisis Cost Banks?: The crisis in commercial property varies from street to street as much as it does among lenders.
bloomberg.com/opinion/articles/2024-02-15/how-much-will-commercial-property-crisis-cost-banks
How Much Will Commercial Property Crisis Cost Banks?
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Finley: Our debt-ridden economy is not healthy: Federal government is living on borrowed funds it will someday have to pay back.
detroitnews.com/story/opinion/columnists/nolan-finley/2024/02/17/finley-our-debt-ridden-economy-is-not-healthy/72616831007/
Finley: Our debt-ridden economy is not healthy
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💰The Biden administration is ready to provide $11.8 billion in budget support to Kyiv as part of an additional US funding request ... Show more
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US official tells EU Biden is committed to Ukraine funding: The West cannot allow Ukraine to run out of money and the Biden administration will continue to ...
euractiv.com/section/europe-s-east/news/us-official-tells-eu-biden-is-committed-to-ukraine-funding/
US official tells EU Biden is committed to Ukraine funding
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Zelensky to virtually meet G7 leaders as Ukraine faces big risk of losing war due to delayed US aid
wionews.com/world/zelensky-to-virtually-meet-g7-leaders-as-ukraine-faces-big-risk-of-losing-war-due-to-delayed-us-aid-666809
Zelensky to virtually meet G7 leaders as Ukraine faces big risk of losing ...
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WATCH: Garland and Yellen announce $4 billion settlement with Binance over failures to prevent money laundering
pbs.org/newshour/politics/watch-live-garland-and-yellen-hold-news-conference-after-binance-founder-pleads-guilty-to-felony
WATCH: Garland and Yellen announce $4 billion settlement with Binance over ...
Quick Glance: Binance Faces Billions in Fines, CEO to Step Down Over Money Laundering Charges
  • Founder and CEO of Binance, Changpeng Zhao, also known as 'CZ', plans to step down and plead guilty to violating US anti-money laundering regulations, according to a report from the Wall Street Journal.

  • The crypto exchange did not respond to multiple requests for comment from TechCrunch regarding the charges.

  • Binance was founded in June 2017 and quickly rose to become the world's largest crypto exchange within 180 days.

  • In the past 24 hours, Binance's trading volume exceeded $11.6 billion, marking a 515% increase over the second largest exchange, Coinbase, according to CoinMarketCap data.
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Yellen: Negative Moody’s outlook on US is ‘a decision that I disagree with’: Treasury Secretary Janet Yellen said she disagrees with the recent move by Moody’s ...
thehill.com/business/4308720-yellen-negative-moodys-outlook-on-us-is-a-decision-that-i-disagree-with/
Yellen: Negative Moody’s outlook on US is ‘a decision that I disagree ...
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WATCH: Garland and Yellen announce $4 billion settlement with Binance over failures to prevent money laundering
pbs.org/newshour/politics/watch-live-garland-and-yellen-hold-news-conference-after-binance-founder-pleads-guilty-to-felony
WATCH: Garland and Yellen announce $4 billion settlement with Binance over ...
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Cryptocurrencies: Binance CEO: “I made mistakes and I have to answer for them”: US authorities have been investigating Binance for years. Now the stock exchange ...
handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/kryptowaehrungen-binance-ceo-ich-habe-fehler-gemacht-und-muss-dafuer-gerade-stehen-/29515418.html
Cryptocurrencies: Binance CEO: “I made mistakes and I have to answer for ...
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Janet Yellen Says GDP Data Show Evidence of Soft Landing for Economy: Treasury Secretary Janet Yellen said third-quarter growth data show the US economy is doing ...
bloomberg.com/news/articles/2023-10-26/yellen-says-gdp-data-show-us-economy-is-doing-very-well
Janet Yellen Says GDP Data Show Evidence of Soft Landing for Economy
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BitMEX co-founder predicts Bitcoin surge amid dollar liquidity rise: BitMEX Co-founder Arthur Hayes foresees a Bitcoin price surge linked to increased U.S ...
cointelegraph.com/news/bitmex-co-founder-predicts-bitcoin-surge-amid-dollar-liquidity-rise
BitMEX co-founder predicts Bitcoin surge amid dollar liquidity rise
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Trapped: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2023-11-14/trapped-the-bloomberg-close-asia-edition
Trapped: The Bloomberg Close, Asia Edition
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The Fed Has a Lot of Quantitative Tightening to Do: The upward pressure on long-term interest rates from QT will persist until late 2025.
bloomberg.com/opinion/articles/2023-10-18/the-fed-has-a-lot-of-quantitative-tightening-to-do
The Fed Has a Lot of Quantitative Tightening to Do
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Yellen’s “Friend-shoring” Vision for US-Latin America Ties: U.S. Treasury Secretary Janet Yellen spoke at the Inter-American Development Bank ...
riotimesonline.com/yellens-friend-shoring-vision-for-us-latin-america-ties/
Yellen’s “Friend-shoring” Vision for US-Latin America Ties
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Treasury-bond crash: Janet Yellen tries to calm markets amid historic collapse: "I haven't seen any evidence of dysfunction in connection with the increase in ...
markets.businessinsider.com/news/bonds/treasury-bond-crash-janet-yellen-calm-markets-yields-fed-rates-2023-10
Treasury-bond crash: Janet Yellen tries to calm markets amid historic ...
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BlackRock, Other Financial Titans Gear Up to Fight Too-Big-to-Fail Label Threat: US officials led by Treasury Secretary Janet Yellen are seeking by year’s end to ...
bloomberg.com/news/articles/2023-09-22/financial-titans-gear-up-to-fight-too-big-to-fail-label-threat
BlackRock, Other Financial Titans Gear Up to Fight Too-Big-to-Fail Label ...
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G7 backs using frozen Russian assets to finance Ukraine reconstruction: Seven of the world’s strongest economies, including the US, are exploring how to tap the ...
euronews.com/2023/10/13/g7-backs-using-frozen-russian-assets-to-finance-ukraine-reconstruction
G7 backs using frozen Russian assets to finance Ukraine reconstruction
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Fitch smacks Biden for out-of-control spending: Fitch also rattled the happy talk from Biden’s economic team by projecting a mild recession.
thehill.com/opinion/finance/4135471-fitch-smacks-biden-for-out-of-control-spending/
Fitch smacks Biden for out-of-control spending
Quick Glance: Historic Credit Rating Downgrade Causes Stocks to Fall
  • US markets fell on Wednesday following the downgrade of US debt from AAA to AA+ by Fitch.

  • JPMorgan Chase CEO Jamie Dimon called Fitch's downgrade of US debt "ridiculous".

  • Janet Yellen criticizes Fitch's downgrade of US debt.

  • Fitch's downgrade is unlikely to impact the status of Treasuries as a safe asset.
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Janet Yellen Says Yen Intervention Understandable If Due to Volatility: US Treasury Secretary Janet Yellen said any intervention by Japan to prop up the yen ...
bloomberg.com/news/articles/2023-09-19/yellen-says-yen-intervention-understandable-if-due-to-volatility
Janet Yellen Says Yen Intervention Understandable If Due to Volatility
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Fitch Was Right: Political Dysfunction and Reckless Fiscal Policy Impair US Debt: The dismissive reaction to a US downgrade was revealing. Fiscal trends and ...
bloomberg.com/opinion/articles/2023-08-09/fitch-was-right-political-dysfunction-and-reckless-fiscal-policy-impair-us-debt
Fitch Was Right: Political Dysfunction and Reckless Fiscal Policy Impair ...
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IRS aims to go paperless by 2025 as part of campaign to conquer mountains of paperwork
pbs.org/newshour/politics/irs-aims-to-go-paperless-by-2025-as-part-of-campaign-to-conquer-mountains-of-paperwork
IRS aims to go paperless by 2025 as part of campaign to conquer mountains ...
Quick Glance: IRS to Expedite Refunds for Millions of Taxpayers
  • The Paperless Processing Initiative aims to reduce the millions of paper documents the IRS receives annually.

  • By next year’s filing season, taxpayers will be able to digitally file all correspondence, non-tax forms, and responses to notices.

  • This will improve IRS service by eliminating errors from manually inputting data from paper returns, speeding up processing, and delivering refunds four weeks sooner.

  • Additionally, 150 of the most used non-tax forms will be available in digital, mobile-friendly formats, and up to 1 billion historical documents will be digitized, providing taxpayers access to their data and saving approximately $40 million in storage costs annually.
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Yellen opens Beijing trip by criticizing China on treatment of US companies: Treasury Secretary Janet Yellen opened her trip to Beijing with criticizing Chinese ...
thehill.com/business/economy/4085059-yellen-opens-beijing-trip-by-criticizing-china-on-treatment-of-us-companies/
Yellen opens Beijing trip by criticizing China on treatment of US ...
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Fitch Dominoes: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2023-08-02/fitch-dominoes-the-bloomberg-close-americas-edition
Fitch Dominoes: The Bloomberg Close, Americas Edition
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Janet Yellen raises concerns in China over treatment of U.S. firms, export controls - UPI.com
upi.com/Top_News/World-News/2023/07/07/Yellen-raises-treament-export-control-concerns/4271688714480/
Janet Yellen raises concerns in China over treatment of U.S. firms ...
Quick Glance: Yellen's Visit to China Aims to Improve Relations
  • US Treasury Secretary Janet Yellen visits China to ease tensions between the world's two largest economies.

  • Yellen aims to deepen communication between the economically linked but increasingly adversarial countries.

  • She will address China's unfair practices, including recent punitive actions against US firms and market access barriers.

  • Yellen's trip follows a meeting between US Secretary of State Blinken and Chinese President Xi Jinping, where they agreed to prevent the rivalry from escalating into conflict.
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Five Things You Need to Know to Start Your Day: China growth downgrades. Evergrande losses. High-profile exits
bloomberg.com/news/newsletters/2023-07-17/five-things-you-need-to-know-to-start-your-day-lk7hqjq2
Five Things You Need to Know to Start Your Day
Quick Glance: China's Economy Loses Momentum in Q2
  • The challenges faced by the world's second-largest economy will increase global growth pressure and intensify calls for additional stimulus measures from Beijing, more than six months after China eased strict Covid-19 controls.

  • In the second quarter, the economy grew by 6.3 percent year-on-year due to a low-base effect from last year when major cities like Shanghai were under extended lockdown.

  • The Reuters poll had predicted a growth rate of 7.3 percent.
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Citi's Bailin Is `Back in Love' With the 60-40 Portfolio Strategy: Investors are getting paid — finally — for holding medium-term bonds
bloomberg.com/news/newsletters/2023-07-17/citi-s-bailin-is-back-in-love-with-the-60-40-portfolio-strategy
Citi's Bailin Is `Back in Love' With the 60-40 Portfolio ...
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5⃣ stories you need to know today: Meta Platforms launches a direct challenge to Twitter with Threads garnering millions of users in hours ... Show more
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Extended Flight: The Bloomberg Open, Asia Edition: Good morning. Goldman cuts odds of US recession. Evergrande releases its long-delayed earnings ...
bloomberg.com/news/newsletters/2023-07-17/extended-flight-the-bloomberg-open-asia-edition
Extended Flight: The Bloomberg Open, Asia Edition
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Start your week smart: Crimea bridge explosion, cluster munitions, Walmart gunman sentenced
cnn.com/2023/07/09/us/five-things-july-9-trnd/
Start your week smart: Crimea bridge explosion, cluster munitions ...
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Warren to Regulators: Enough With Mergers Making 'Too-Big-to-Fail' Banks Even Bigger
commondreams.org/news/elizabeth-warren-bank-mergers
Warren to Regulators: Enough With Mergers Making 'Too-Big-to-Fail' ...
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10 things you need to know today: July 7, 2023: U.S. expected to give Ukraine cluster munitions, Twitter threatens to sue Meta over Threads, and more
theweek.com/briefing/daily-briefing/1024837/10-things-you-need-to-know-today-july-7-2023
10 things you need to know today: July 7, 2023
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☝️ 1 big thing: Biden’s inside voice Plus: CVS and Walgreens get into the clinical trials business And: Treasury Secretary Janet Yellen’s important Chinese ... Show more
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Yellen doesn’t expect US recession despite slower growth in China: Treasury Secretary Janet Yellen said Monday she does not expect a recession in the United ...
thehill.com/business/4101837-yellen-doesnt-expect-u-s-recession-despite-slower-growth-in-china/
Yellen doesn’t expect US recession despite slower growth in China
Quick Glance: Yellen eager to collaborate with China on debt and global challenges
  • Yellen expresses eagerness to work with China on areas of mutual interest, including debt restructurings for poorer countries.

  • Multilateral development banks need reforms before considering capital increases.

  • Yellen emphasizes the importance of the G20 meeting and urges the participation of all bilateral official creditors in pending debt restructurings.

  • The United States remains committed to implementing the global minimum tax deal, despite the lack of action by the U.S. Congress.
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RTO, or Else: The Bloomberg Open, Europe Edition: Good morning. Citi is said to be cracking down on those who break return-to-office rules ...
bloomberg.com/news/newsletters/2023-06-23/rto-or-else-the-bloomberg-open-europe-edition
RTO, or Else: The Bloomberg Open, Europe Edition
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Yellen Says Decoupling from China Would Be 'Disastrous' : Treasury Secretary Janet Yellen appeared before the House Financial Services Committee to discuss the U ...
barrons.com/articles/decoupling-from-china-would-be-disastrous-yellen-says-790b793b
Yellen Says Decoupling from China Would Be 'Disastrous'
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4 more days: Treasury Secretary Janet Yellen issues potential date for looming default
usatoday.com/story/news/politics/2023/05/26/yellen-timeline-government-default-biden-mccarthy/70258108007/
4 more days: Treasury Secretary Janet Yellen issues potential date for ...
Quick Glance: Imminent Risk of Government Cash Shortage
  • Treasury Secretary Yellen warns of potential payment default if debt limit is not raised or suspended soon.

  • Yellen takes extraordinary measures to ensure sufficient cash on hand for government operations.

  • Scheduled payments of over $130 billion, including payments to veterans and Social Security and Medicare recipients, are planned for the first week of June.

  • Yellen's multiple letters to Congress emphasize the potential economic consequences of failing to raise the debt limit before the U.S. government runs out of cash to honor its obligations.
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Treasury Secretary Janet Yellen tells the House Financial Services Committee that the US and its allies are collaborating to locate Russian sovereign assets ... Show more

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The daily business briefing: July 10, 2023: Yellen hails 'step forward' in China ties, Goldman predicts India will overtake U.S. economy, and more
theweek.com/briefing/business-briefing/1024881/the-daily-business-briefing-july-10-2023
The daily business briefing: July 10, 2023