Economy News

As Donald Trump claims victory in the 2024 U.S. Presidential Election, the Republican Party is on track to secure substantial gains in Congress.

Kremlin spokesperson Dmitry Peskov has stated that he is unaware of any plans by President Vladimir Putin to congratulate Donald Trump on his lead in the U.S. presidential race, emphasizing that the U.S. is considered an unfriendly nation.

In a recent blog post, Shytoshi Kusama, the masked lead developer of SHIB, proposed the creation of a Strategic Hub for Innovation and Blockchain (S.H.I.B.) in a U.S. city, aimed at revolutionizing blockchain technology in the country.

On Monday, the US dollar weakened by 0.3% against major currencies, while Treasury yields rose as investors adjusted their expectations for the presidential election, particularly regarding Donald Trump.

With the 2024 U.S. presidential election drawing closer, the Federal Reserve and its chairman, Jerome Powell, are facing significant potential changes.

Chamath Palihapitiya, billionaire venture capitalist, argues that the U.S. economy may not be as healthy as it appears, suggesting that government spending has driven much of the growth seen in recent years.

The ‘Roaring Twenties,’ characterized by wealth and urban migration, ended abruptly as economic troubles emerged, particularly in Europe and the U.S. Scholars attribute this downturn to the Federal Reserve’s decision to cut the money supply, leading to a decline in economic output.