Weaponization of Dollar: The Growing Trend Towards De-dollarization
After the end of World War II, the U.S. dollar has been the world’s most important currency as it is the most widely used currency…
California officials detail Trump funding freeze ‘chaos,’ warn another could cripple state
Maricela Ramirez was at an education conference in Washington, D.C., at the end of January when she and other attendees heard the startling news: Federal…
Rise of Dollar Forwards Builds Risk for Asia’s Central Banks
Breadcrumb Trail LinksPMN BusinessCentral banks across Asia are increasingly using derivatives to protect their currencies against a strong dollar, raising questions over how long they…
Appeals court won’t halt judge’s order that Trump unfreeze federal cash
WASHINGTON — A federal appeals court on Tuesday refused to immediately halt a judge’s order requiring the Trump administration to release billions of dollars in federal grants…
Trump administration is pulling almost all USAID workers off the job worldwide
WASHINGTON — The Trump administration says it is pulling almost all U.S. Agency for International Development workers off the job and out of the field worldwide, moving…
Trump threatens leaders at World Economic Forum in Davos with tariffs
WASHINGTON — President Trump addressed the World Economic Forum by video Thursday, talking about his election win, denigrating his predecessor and threatening to impose tariffs on…
Euro falls to its lowest level in two years against the dollar
The euro declined further against the US dollar to a fresh low in over two years amid concerns about the Eurozone’s economy, Trump’s tariffs, and…
Three ways cutting the IRS will hurt the U.S. economy
Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in…
Canadian dollar falls below 70 cents US
Article content“I think it’s largely political risk weighing on the loonie (today),” Nick Rees, a senior FX market analyst at MonFX Pte Ltd., a Singapore-based…
After reducing deficit, Newsom plans bring extra costs to California
Tax revenues have exceeded estimates in California, but Gov. Gavin Newsom’s spending proposals and other state costs could quickly swallow up any extra funds. An…
Why the Euro Is Closing in on Parity With the US Dollar Again
Breadcrumb Trail LinksPMN BusinessSince the euro came into existence in 1999, the currency has traded at equal value to the US dollar only a handful…
Disney’s ‘Moana 2’ smashes Thanksgiving box office record with $221 million
Walt Disney Co.’s animated sequel “Moana 2” navigated its way to No. 1 at the box office with a record-breaking domestic Thanksgiving weekend debut, a…
Trump threatens tariff on BRICS bloc of nations if they act against U.S. dollar
WEST PALM BEACH, Fla. — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S.…
Dodgers star Shohei Ohtani seeks baseball cards from ex-interpreter
Baseball star Shohei Ohtani wants his former interpreter to hand over hundreds of thousands of dollars worth of baseball cards he says were fraudulently bought…
Russian rouble drops to lowest level against the dollar in 32 months | Business and Economy News
Currency falls beyond 110 to the US dollar for the first time since just after Ukraine invasion, Russian state media report.The Russian rouble has dropped…
Dollar Falls as Treasury Pick Tempers Trump Bets: Markets Wrap
Breadcrumb Trail LinksPMN BusinessThe dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured…
Laura Richardson wins Senate District 35, defeating Michelle Chambers
Laura Richardson emerged the victor of the competitive, costly and feisty election to win a South Los Angeles seat in the state Senate — completing…
Arthur Frommer championed travel for all, not just the wealthy
The president was Eisenhower. The Dodgers belonged to Brooklyn. The cost of a Los Angeles-London round-trip flight was $720 — a staggering amount in 1956.…
Which European companies are poised to benefit from a stronger dollar?
As the euro weakens post-Trump’s win, a group of European firms with high US revenue and low asset exposure stand to gain from a stronger…
US shares, Bitcoin hit record high and dollar soars on Trump win
US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the…