United States may boycott 2022 Winter Olympics in Beijing February 25, 2021 The White House has not made a final decision on whether the US will participate in the Winter Olympics in Beijing, a decision that could see the United States boycott the games in 2022. “There hasn’t been a final decision made on that and of course we would look for guidance from the U.S. Olympic [...]
Biden approves major disaster declaration for Texas following crippling storm crisis February 20, 2021 President Joe Biden has approved a disaster declaration for Texas, clearing the way for more federal funds after a devastating storm raged across the southern United States. The action makes federal funding available to individuals across the state, including assistance for temporary housing and home repairs and low-cost loans. Millions of residents in the Lone Star [...]
US braces for higher inflation amid pandemic recovery, warns Fed February 17, 2021 The US is trialling ways of bracing the American public for higher inflation rates as a fresh presidency attempts to heal an economy crippled by the ongoing pandemic, according to the Federal Reserve. Minutes released today from a lengthy policy meeting held by the US central bank last month revealed that Fed officials were prepared [...]
Before the Bell: Bitcoin goes through the roof as positive investor sentiment persists February 9, 2021 Bitcoin was driven to fresh record highs overnight – it traded above $47,000 – on the news that Tesla bought $1.5bn worth of the cryptocurrency. In the same announcement, the electric vehicle manufacturer revealed that it intends to accept the digital currency as a method of payment too. “One of the criticisms of Bitcoin is [...]
Trump uses impeachment response to spout election fraud consipracy February 2, 2021 Former President Donald Trump, who is banned from Twitter, tonight found a new outlet to air his unfounded claims about voter fraud, using his legal response to impeachment charges against him in the US Congress as a vehicle for his conspiracy theory.
Covid-19 pummels US economy in 2020; performance weakest in 74 years January 28, 2021 The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the Covid-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty. The Commerce Department’s snapshot of fourth-quarter gross domestic product on Thursday also showed the recovery from the pandemic losing steam as the year wound down amid a resurgence [...]
Xi Jinping warns against ‘new Cold War’ January 25, 2021 Chinese President Xi Jinping has warned against stoking a “new Cold War”, after Beijing and Washington last week launched tit-for-tat sanctions on each other’s top officials. Speaking at this year’s Digital Davos, Xi attacked both former US President Donald Trump and his White House successor, Joe Biden, warning that confrontation “will always end up harming [...]
Bar-a-Lago: Facebook to review Trump ban January 21, 2021 Facebook’s independent oversight board will review the company’s decision to ban former US president Donald Trump’s social media accounts. Both Trump’s Facebook and Instagram profiles will remain suspended while the review is underway, the company announced. In the first move of its kind, Mark Zuckerberg’s company suspended the former president earlier this month in the [...]
World leaders react to Joe Biden entering the White House January 21, 2021 The US is waking up to a new leader, and government vision, as Joe Biden became the country’s 46th president yesterday. The spotlight is now on the future of the country and its international relations rather than the twists and turns that made this presidential race so historic. Here is how world leaders reacted to [...]
Before the Bell: Honeymoon in Washington January 21, 2021 Joe Biden was sworn in as the new US President overnight with financial markets granting him a DC honeymoon on his first day as the buy everything trade returned with a vengeance. Jeffrey Halley, senior market analyst atOANDA, said this morning that equity markets soared, as did precious metals, and currency markets saw commodity link currencies outperform [...]