Author: Daniel snow
One-cent U.S. coins known as the penny are shown in this illustration picture, after U.S. President Trump informed on his Truth Social media account that he instructed the Secretary of the US Treasury to stop producing new pennies, Feb. 11, 2025. Mike Blake | ReutersThe beleaguered U.S. penny is living on borrowed time.With the cost of making the cent coin rising and President Donald Trump looking for ways to reduce unnecessary spending, the U.S. Treasury has ordered its last batch of “blanks” that it uses to form pennies, a department spokesman said Thursday.The last of the new pennies will enter circulation…
The company is one of many contending with the challenges of tariffs. Source link
Prediction markets are breeding a new generation of market makers. Source link
Kraken is one of the world’s largest crypto exchanges.Tiffany Hagler-Geard | Bloomberg via Getty ImagesKraken, a crypto exchange that has spent years in court battling charges brought by the U.S. Securities and Exchange Commission over its digital asset offerings, is preparing to offer tokenized securities, including shares of Apple, Tesla, and Nvidia, to customers outside the U.S, according to a release Thursday.The exchange is partnering with Backed—a firm specializing in blockchain-based financial assets — to offer more than 50 U.S. stocks and ETFs as tokens on the Solana blockchain, the release said.The product, called xStocks, will be available only to…
UK gives above-inflation pay rises again to public sector workers Source link
CoreWeave bulls are celebrating a new customer win, but bearish positions have built up and the company is still losing money. Source link
Sarah Jo Marcotte, an educator from Vermont, holds a sign that reads “Here for my students!! Cuts Hurt.” outside of the U.S. Department of Education on March 20, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesA federal judge ordered the Trump administration on Thursday to reinstate more than 1,300 U.S. Department of Education employees.”The Department must be able to carry out its functions and its obligations,” as well as “other relevant statutes as mandated by Congress,” U.S. District Judge Myong Joun in Boston wrote in the preliminary injunction.The U.S. Department of Education announced a reduction in force on March 11…
The Labor Department said 227,000 people applied for unemployment benefits last week, as the broad economic outlook remains cautious. Source link
Argentina clears roadblocks to use stashed-away dollars Source link
President Donald Trump is drawing flak for making forays into the crypto industry and taking part in a Thursday dinner for his meme coin while at the same time leading an administration that’s making efforts to deliver deregulation and otherwise boost the industry. Source link