By Carolina Mandl NEW YORK (Reuters) – U.S. Securities and Exchange Commission has decided to withdraw its appeal of a decision by a federal judge late last year to vacate an overhaul of Treasury dealer rules, according to a court document filed on Wednesday. In a statement, the SEC said it decided to dismiss the […]
Elon Musk has become deeply embedded in U.S. president Donald Trump’s White House after declaring a U.S. “financial emergency” while on the campaign trail. Unlock over $3,000 in NFT, web3 and crypto perks — Apply now! Musk, the Tesla billionaire-turned-government-cost-cutter, is leading the Doge department of government efficiency, proposed by Trump’s Commerce department nominee Howard […]
Scott Bessent, founder and chief executive officer of Key Square Group LP and US treasury secretary nominee for US President-elect Donald Trump, during a Senate Finance Committee confirmation hearing in Washington, DC, US, on Thursday, Jan. 16, 2025. Al Drago | Bloomberg | Getty Images The U.S. Senate voted on Monday to confirm Scott Bessent […]
The 10-year Treasury yield touched a fresh 14-month high as investors looked ahead to key inflation prints. The yield on the 10-year Treasury was last up around 2 basis points at 4.79%, the highest level since Nov. 1, 2023. This followed the 10-year Treasury yield’s jump on Friday following a hotter-than-expected jobs report. The 2-year […]
The 10-year Treasury yield hovered near an eight-month high on Wednesday as investors digest this week’s strong economic data, which reinforced expectations that the Federal Reserve will act with caution in its rate cut path this year. The yield on the benchmark 10-year Treasury was last less than one basis point lower at 4.681%, after […]
US stocks sold off on Tuesday, while government bond yields jumped, after strong jobs and services data prompted investors to bet the Federal Reserve will lower interest rates just once this year. Wall Street’s S&P 500 share gauge fell 1.1 per cent, while the technology-heavy Nasdaq Composite closed 1.9 per cent lower. Electric-car maker Tesla […]
The Biden administration on Friday made final its long-awaited plan to offer billions of dollars in tax credits to companies that make hydrogen, in the hopes of building up a new industry that might help fight climate change. When burned, hydrogen mainly emits water vapor, and it could be used instead of fossil fuels to […]
A Chinese state-sponsored hacker broke into the US Treasury Department’s systems earlier this month and was able to access employee workstations and some unclassified documents, American officials said on Monday. The Treasury Department deemed the breach a “major incident” after disclosing it via a letter notifying lawmakers to the incident. The US agency said it […]
“I cannot believe that we’re seeing command injection vulnerabilities in 2024 in any products, let alone a secure remote access product that’s supposed to have additional vetting for use by the US government,” says Jake Williams, vice president of research and development at the cybersecurity consultancy Hunter Strategy and a former NSA hacker. “They are […]
The US Treasury Department suffered a “major” security incident after a China state-sponsored hacker broke into the third-party remote management software it uses, as reported earlier by The New York Times. In a letter to lawmakers seen by The Vergethe Treasury Department said BeyondTrust, the company behind its remote management software, notified the agency of […]
