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Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Stock market today: Stocks slide for the 5th straight session
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US, UK announce new sanctions on Iran after missile and drone strike on Israel: The United States and the United Kingdom announced widespread sanctions against ...
scmp.com/news/world/united-states-canada/article/3259534/us-uk-announce-new-sanctions-iran-after-missile-and-drone-strike-israel
US, UK announce new sanctions on Iran after missile and drone strike on ...
Quick Glance: Israeli Push for Sanctions Against Iran Amid ‘Diplomatic Offensive’
  • Israel has launched a “diplomatic offensive” against Iran, urging sanctions against the Islamic republic.

  • Israeli Foreign Minister Israel Katz has called on 32 countries to impose sanctions on Tehran as Israel considers a military response to Iran’s attack.

  • Israeli military sources reported intercepting 99 percent of aerial threats with assistance from the United States and allies, causing only minor damage.

  • Tensions are high as Israel ponders its reaction to Saturday's attack while Germany calls for new sanctions related to Iran's drone supply to Russia for use in Ukraine.
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US sanctions target Hamas spokesperson, drone program leaders: The United States on Friday issued sanctions aimed at a Hamas spokesperson and leaders of the ...
reuters.com/world/middle-east/us-sanctions-target-hamas-spokesperson-drone-program-leaders-2024-04-12/
US sanctions target Hamas spokesperson, drone program leaders
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US, UK unveil sweeping sanctions on Iran in response to its attack on Israel: WASHINGTON: The United States and the United Kingdom announced widespread sanctions ...
channelnewsasia.com/world/us-uk-unveil-sweeping-sanctions-iran-after-attack-israel-4275611
US, UK unveil sweeping sanctions on Iran in response to its attack on ...
Quick Glance: US imposes new sanctions on Iran's drone program
  • The United States imposed new sanctions Thursday on sixteen people and two entities associated with Iran’s drone program to punish Tehran for the weekend's attack on Israel.

  • The sanctions target executives of an engine manufacturer supplying Iran’s Shahad-131 drones, companies servicing the engines, and individuals providing the drones to Iranian proxy forces in the Middle East.

  • Coordinated with European allies, the new sanctions aim to disrupt Iran's missile and drone program and isolate the country globally.

  • President Joe Biden emphasized the US commitment to holding Iran accountable, utilizing economic tools to counter Iran's activities, as stated by Treasury Secretary Janet Yellen.
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Treasury Department plans to impose new sanctions on Iran after Israel attack: Yellen's comments come as Israel's war cabinet is weighing how to respond to the ...
cnbc.com/2024/04/16/treasury-department-to-impose-sanctions-on-iran-after-israel-attack.html
Treasury Department plans to impose new sanctions on Iran after Israel ...
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.
Profile picture of Insider (news website)
Stock markets today: Bond yields climb ahead of latest inflation data: The 10-year Treasury yield reached a 2024 high Monday as investors continue to adjust ...
markets.businessinsider.com/news/stocks/stock-markets-bond-yields-cpi-inflation-data-fed-rates-cuts-2024-4
Stock markets today: Bond yields climb ahead of latest inflation data
Profile picture of Insider (news website)
Recession outlook: Soft-landing is already here, Evercore founder says: "Arguably, the soft-landing already has happened," one Wall Street veteran says ...
businessinsider.com/recession-outlook-economy-soft-landing-job-market-stocks-gdp-growth-2024-4
Recession outlook: Soft-landing is already here, Evercore founder says
Profile picture of The Washington Post
The IRS’s new tax software: Rave reviews, but low turnout: The agency said it met a goal of 100,000 users for the new Direct File site, which is limited to 12 ...
washingtonpost.com/business/2024/04/15/irs-direct-file-reviews/
The IRS’s new tax software: Rave reviews, but low turnout
Profile picture of Axios (website)
Scoop: Treasury wants "sharper scalpel" to dissect foreign investment into the U.S.
axios.com/2024/04/11/cfius-foreign-investment-treasury-review
Scoop: Treasury wants "sharper scalpel" to dissect foreign ...
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U.S. sanctions target Iran’s drone production after attack on Israel: Treasury announces new sanctions on Tehran but seeks to contain broader conflict.
washingtonpost.com/business/2024/04/18/iran-treasury-drone-sanctions/
U.S. sanctions target Iran’s drone production after attack on Israel
Profile picture of The New York Times
Yellen Warns China on Exports and Russia Support: Beijing’s economic policies threaten American workers, Treasury Secretary Janet L. Yellen told Vice Premier He ...
nytimes.com/2024/04/06/business/economy/us-china-yellen.html
Yellen Warns China on Exports and Russia Support
Quick Glance: China and U.S. to Engage in Intensive Talks on Economic Balance
  • US Treasury Secretary Janet Yellen announced intensive talks with China to address America's competitive disadvantages.

  • Both sides will engage in intensive discussions on balanced economic growth and initiate exchanges on combating money laundering.

  • Yellen emphasized the importance of addressing American concerns regarding overcapacity in Chinese production.

  • The meetings will be held under existing economic and financial working group frameworks to address balanced growth and money laundering.
Profile picture of Axios (website)
U.S. Senator adds to warning of Vista's ammo deal with Czech group: The company's $1.9B deal hinges on CFIUS ruling.
axios.com/2024/04/17/vista-ammo-deal-kennedy-warning
U.S. Senator adds to warning of Vista's ammo deal with Czech group
Profile picture of The Hill (newspaper)
US sanctions Hamas spokesperson, leaders of drone unit: The Treasury Department announced Friday it issued sanctions against a Hamas spokesperson and leaders of ...
thehill.com/policy/international/4590396-us-sanctions-hamas-spokesperson-leaders-drone-unit/
US sanctions Hamas spokesperson, leaders of drone unit
Profile picture of Axios (website)
U.S., China agree to hold more talks about economic concerns: The announcement is a very minor step aimed at cooling tensions around overproduction concerns.
axios.com/2024/04/06/us-china-yellen-economy-negotiation
U.S., China agree to hold more talks about economic concerns
Profile picture of France 24
US and China agree to start new talks on 'balanced' economic growth: The United States and China have agreed to hold "intensive exchanges on balanced growth" ...
france24.com/en/live-news/20240406-us-china-agree-to-hold-talks-on-balanced-economic-growth
US and China agree to start new talks on 'balanced' economic growth
Quick Glance: US and China Reach Accord on New Talks for 'Balanced' Economic Growth
  • The United States and China have agreed to hold 'intensive exchanges on balanced growth', as stated by the US Treasury Department, following two days of discussions between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou.

  • These planned talks signify the latest advancement in joint efforts to stabilize relations between the world's top two economies since a meeting between Presidents Joe Biden and Xi Jinping last November.

  • Yellen emphasized that these exchanges will facilitate a discussion on macroeconomic imbalances, including the link to overcapacity, and her intention to advocate for a fair playing field for American workers and companies.

  • The US Treasury Secretary cautioned against China's overcapacity risks and highlighted the importance of dialogue to avoid potential conflicts, noting progress in the talks and the structured continuation of discussions as crucial.
Profile picture of CNN.com
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.
Profile picture of CNBC
A crucial report Wednesday is expected to show little progress against inflation: The March consumer price index is expected to register increases of 0 ...
cnbc.com/2024/04/09/a-crucial-report-wednesday-is-expected-to-show-little-progress-against-inflation.html
A crucial report Wednesday is expected to show little progress against ...
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Cyprus and U.S. to form partnership to combat financial crime - ICIJ: The two countries are finalizing an agreement under which the U.S. Justice Department and ...
icij.org/investigations/cyprus-confidential/cyprus-and-u-s-to-form-partnership-to-combat-financial-crime/
Cyprus and U.S. to form partnership to combat financial crime - ICIJ
Quick Glance: Cyprus and U.S. Join Forces Against Financial Crimes
  • The United States and Cyprus are establishing a partnership to combat money laundering and other financial crimes.

  • Cypriot law enforcement agencies are set to sign a memorandum of agreement to collaborate with the U.S. Justice Department and Federal Bureau of Investigation.

  • The initiative will also involve the U.S. State Department’s Bureau of International Narcotics and Law Enforcement Affairs, along with Cyprus’ Justice Ministry and the country’s Financial Intelligence Unit.

  • The partnership was prompted by the findings of the Cyprus Confidential investigation, revealing Cyprus' involvement in moving illicit funds for Russian President Putin and other dictators.
Profile picture of Axios (website)
The China pushback uniting major world powers: Large economies have taken aim at cheap products from subsidized Chinese industries.
axios.com/2024/04/07/china-subsidies-green-tech
The China pushback uniting major world powers
Profile picture of Insider (news website)
Stock market outlook: S&P 500 to soar another 16% if it stays above 4,800: The S&P 500 is bound to hit 6,100 by the end of the year, implying another ...
markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-rally-bullish-signal-fed-rate-cuts-2024-4
Stock market outlook: S&P 500 to soar another 16% if it stays above 4,800
Profile picture of The Star (Malaysia)
Ringgit opens easier against US$ as Fed turns hawkish: KUALA LUMPUR: The ringgit opened easier against the US dollar today as the greenback strengthened further ...
thestar.com.my/business/business-news/2024/04/19/ringgit-opens-easier-against-us-as-fed-turns-hawkish
Ringgit opens easier against US$ as Fed turns hawkish
Profile picture of The Hill (newspaper)
Why is everyone freaking out about The Corporate Transparency Act? : Maybe it’s unconstitutional and if so, then so be it. But I get why it exists and I don’t ...
thehill.com/opinion/4580867-why-is-everyone-freaking-out-about-the-corporate-transparency-act/
Why is everyone freaking out about The Corporate Transparency Act? 
Profile picture of Axios (website)
Yellen: Cutting off economic relations with China isn't "practical"
axios.com/2024/04/05/us-china-economy-yellen
Yellen: Cutting off economic relations with China isn't ...
Profile picture of Bloomberg
The Fed Is Wrong About How Low Interest Rates Will Go: This time around, the market has it right. The federal funds rate will probably stay a lot higher than ...
bloomberg.com/opinion/articles/2024-04-04/the-fed-is-wrong-about-how-low-interest-rates-will-go
The Fed Is Wrong About How Low Interest Rates Will Go
Profile picture of Accounting Today
Tax deadline is pivotal for funding markets, Fed's balance sheet: The annual rush to pay Uncle Sam tends to suck hundreds of billions of dollars from the banking ...
accountingtoday.com/articles/tax-deadline-is-pivotal-for-funding-markets-feds-balance-sheet
Tax deadline is pivotal for funding markets, Fed's balance sheet
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Lawmakers urge Biden to call out more Chinese biotech firms: A Republican and a Democratic member of Congress are calling on the Biden administration to add ...
reuters.com/world/lawmakers-urge-biden-call-out-more-chinese-biotech-firms-2024-04-01/
Lawmakers urge Biden to call out more Chinese biotech firms
Profile picture of Insider (news website)
Regulators probe Morgan Stanley's vetting process for wealthy clients: One client includes a Russian-linked billionaire who was sanctioned by the UK ...
businessinsider.com/morgan-stanley-sec-probe-wealth-management-billionaire-russia-2024-4
Regulators probe Morgan Stanley's vetting process for wealthy clients
Profile picture of Newsweek
People in Mississippi Can't Pay for Their Cars: Rising interest rates and economic strains have increased the number of auto loan delinquencies in Mississippi.
newsweek.com/mississippi-auto-loan-delinquencies-rise-federal-reserve-1889085
People in Mississippi Can't Pay for Their Cars
Profile picture of Insider (news website)
Fed needs a recession to 'kill the zombie' economy, cut rates: strategist: The US economy is a "zombie" that needs a recession to make stocks appealing again ...
businessinsider.com/recession-outlook-fed-rate-cuts-forecast-stocks-buy-signal-rally-2024-3
Fed needs a recession to 'kill the zombie' economy, cut rates: strategist
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Oil prices up over escalating Middle East tensions, strong demand indicators in China
yenisafak.com/en/news/oil-prices-up-over-escalating-middle-east-tensions-strong-demand-indicators-in-china-3681385
Oil prices up over escalating Middle East tensions, strong demand ...
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U.S. Dollar Edges Upward, Influenced by Interest Rate Speculations: As the sun rose on Thursday, the financial world watched closely as the U.S ...
riotimesonline.com/u-s-dollar-edges-upward-influenced-by-interest-rate-speculations/
U.S. Dollar Edges Upward, Influenced by Interest Rate Speculations
Profile picture of Kiplinger
Stock Market Today: S&P 500, Nasdaq Extend Losing Streaks: The two indexes have closed lower for five straight sessions.
kiplinger.com/investing/stocks/stock-market-today-sandp-500-nasdaq-extend-losing-streaks
Stock Market Today: S&P 500, Nasdaq Extend Losing Streaks
Profile picture of Insider (news website)
Fed officials cast doubt on rate cuts, inflation path in 2024: Powell warned earlier this week that rate cuts could be delayed, with his colleagues echoing that ...
businessinsider.com/fed-rate-cuts-delay-powell-inflation-economy-money-monetary-policy-2024-4
Fed officials cast doubt on rate cuts, inflation path in 2024
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Americans Say They Won't Start a New Job Unless It Pays Nearly $82,000: On average, the lowest salary job seekers are willing to accept for a new gig is $81,822 ...
money.com/new-job-salary-reservation-wage/
Americans Say They Won't Start a New Job Unless It Pays Nearly $82,000
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'Instant' EV Tax Credits Are a Hit: $580M Paid This Year: Claiming federal electric vehicle tax credits at the point of sale is a new and popular option in 2024.
kiplinger.com/taxes/ev-credit-point-of-sale
'Instant' EV Tax Credits Are a Hit: $580M Paid This Year
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TSA agent charged with stealing $22K check mailed to NYC defense lawyer: TSA agent Diamondique Richardson and an accomplice, Cinque Lipscomb ...
nydailynews.com/2024/04/16/tsa-agent-charged-with-stealing-22k-check-mailed-to-nyc-defense-lawyer/
TSA agent charged with stealing $22K check mailed to NYC defense lawyer
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Binance.US Taps Former New York Fed Compliance Chief for Board Role: Martin Grant served with the New York Fed for over 30 years, including as its chief ...
coindesk.com/policy/2024/04/16/binanceus-taps-former-new-york-fed-compliance-chief-for-board-role/
Binance.US Taps Former New York Fed Compliance Chief for Board Role
Profile picture of Radio Free Asia
Never mind the overcapacity, have some dim sum!: Why did China's state media focus so intently on what US Treasury Secretary Janet Yellen ate?
rfa.org/english/news/china/china-yellen-food-04122024134856.html
Never mind the overcapacity, have some dim sum!
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Bloomberg: US sanctions office looks into chip supply companies over use in Russia's war
kyivindependent.com/bloomberg-us-sanctions-office/
Bloomberg: US sanctions office looks into chip supply companies over use ...
Profile picture of Accounting Today
IRS proposes rules for stock buyback tax: The Internal Revenue Service and the Treasury Department issued proposed rules for the stock buyback tax for large ...
accountingtoday.com/news/irs-proposes-rules-for-stock-buyback-tax
IRS proposes rules for stock buyback tax
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BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes: Bitcoin’s halving and some moves from the U.S. Federal Reserve and Treasury will cause a ...
cointelegraph.com/news/bitcoin-halving-crypto-firesale-arthur-hayes-heatwave
BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes
Profile picture of The Age
ATO in stand-off with US tech giants over software tax grab: The Tax Office is caught up in a battle with the US government and tech giants like Microsoft over ...
theage.com.au/business/companies/ato-in-standoff-with-us-tech-giants-over-software-tax-grab-20240402-p5fgrp.html
ATO in stand-off with US tech giants over software tax grab