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Biden will not sanction MBS over Khashoggi's killing despite US report implicating the Saudi leader

Saudi Crown Prince Mohammed bin Salman in Riyadh on November 20, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via Reuters The Biden administration on Friday announced new sanctions over Jamal Khashoggi's murder. The sanctions did not target Saudi Crown Prince Mohammed bin Salman. The administration said it would institute a new visa-restriction policy called the "Khashoggi ban." Visit the Business section of Insider for more stories. The Biden administration will not sanctio...
Tags: Politics, News, Washington Post, Saudi Arabia, White House, Kingdom, US, Trends, Joe Biden, United States, Treasury, Janet Yellen, State Department, Biden, Istanbul, Mohammed


Biden will not sanction MBS over Khashoggi's killing despite US report implicating the Saudi leader in the murder

Saudi Crown Prince Mohammed bin Salman attends a session of the Shura Council in Riyadh, Saudi Arabia, on November 20, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via Reuters The Biden administration announced new sanctions over Khashoggi's murder. Saudi Crown Prince MBS is not targeted by the new sanctions.  The administration is also instituting a new visa restriction policy called the Khashoggi Ban. Visit the Business section of Insider for more stories. The Biden admini...
Tags: Politics, News, Washington Post, Saudi Arabia, White House, Kingdom, US, Trends, Joe Biden, United States, Treasury, Janet Yellen, State Department, Biden, Istanbul, Mohammed


Here is why booming bitcoin will never be a form of payment, according to 5 experts

The Bitcoin price has risen more than 340% this year, causing some analysts to label it a 'bubble' Dado Ruvic/Reuters As more institutions embrace bitcoin, some experts say the cryptocurrency is not well suited as a method of payment. Janet Yellen on Monday said bitcoin is "an extremely inefficient way of conducting transactions." Insider asked five experts whether they think bitcoin will see widespread use as a form of payment. Sign up here for our daily newsletter, 10 Things Befo...
Tags: America, Trends, Markets, Tesla, Paypal, Bitcoin, Janet Yellen, US Treasury, Cryptocurrencies, Btc, Yellen, USDC, Julius, Stablecoins, William Quigley, Isabelle Lee


The many alleged identities of Bitcoin's mysterious creator, Satoshi Nakamoto

Surasak Suwanmake/ Getty Images Coinbase sent Satoshi Nakamoto a copy of its public filing, dredging the creator's mysterious identity back into the spotlight. Since it was created in 2009, bitcoin has become a top digital currency. Many names have been dropped as Bitcoin potential creators, but none can be proven. Visit the Business section of Insider for more stories. The identity of the creator of Bitcoin has captured public attention once more, after Coinbase sent a copy of its public...
Tags: Silk Road, Spacex, Elon Musk, UK, New York, Money, News, Wikipedia, US, Los Angeles, Trends, Tech, Tesla, Bbc, Features, Fbi


Stimulus Check Latest: Will Your Next Relief Payment Be $1,400?

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Tags: Business, Texas, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi


Economic growth in 2021 could be the strongest in decades, NY Fed president says

John Williams. REUTERS/Stelios Varias US GDP could grow in 2021 by the most in decades, New York Fed President John Williams said. Strong stimulus and continued vaccination stand to supercharge the nation's economic rebound, he added. Still, he warned that minorities and low-earners face a tougher return to pre-pandemic employment. Visit the Business section of Insider for more stories. The US economy's rebound from the coronavirus slump could fuel some of the strongest growth in recent me...
Tags: US, Trends, Williams, Treasury, Janet Yellen, John Williams, Fed, Powell, New York Fed, Federal Reserve Bank of New York, Jerome Powell, NY Fed, Ben Winck, Stelios Varias US


Third Stimulus Check: When Could You Get Another Economic Relief Payment?

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Tags: Business, New York, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Arizona, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi


Bitcoin slides as much as 11% to below $45,000 as the currency heads for its worst week since last March

The bitcoin price has dropped sharply in recent days Jaap Arriens/NurPhoto via Getty Images Bitcoin slid as much as 11% to below $45,000 on Friday before regaining some ground.The currency's sky-high price triggered investor nerves in a volatile week for markets.Bitcoin enthusiasts say the $45,000 level is key and that a "buy-the-dip" mentality could kick in.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price tumbled as much as 11% on Friday, putting t...
Tags: Elon Musk, Trends, Janet Yellen, US Treasury, Nasdaq, Musk, Harry Robertson, Jaap Arriens NurPhoto, Getty Images Bitcoin, Diginex, Matt Blom


10 Things in Politics: Biden's big business romance

President Biden, Vice President Kamala Harris, and Treasury Secretary Janet Yellen meet with business leaders, including JPMorgan Chase CEO Jamie Dimon (right) earlier this month. Photo by SAUL LOEB/AFP via Getty Images Good morning! Welcome back to 10 Things in Politics. I'm Brent Griffiths. Sign up here to get this newsletter in your inbox each day.Send your tips and thoughts to [email protected] or tweet me @BrentGriffiths.Here's what you need to know:Big business, usually friendlie...
Tags: Politics, Texas, Supreme Court, Corporate America, Congress, Washington, Wall Street, Senate, White House, Disney, US, Dnc, Trends, Usda, Iran, Syria


Third Stimulus Check: When Could You Get Another Economic Relief Payment?

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Tags: Business, New York, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Arizona, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi


Coinbase warns the entire crypto market could be destabilized if bitcoin's anonymous creator is ever revealed or sells their $30 billion stake

Coinbase CEO Brian Armstrong sits for a portrait in their San Francisco headquarters. Christie Hemm Klok/Getty Images Coinbase revealed its documents to go public through a direct listing on Thursday. In the filing, the trading platform cites Satoshi Nakamoto's identity as a potential risk factor. The creator's cache of bitcoins could wreak havoc on the market if Nakamoto sold his collection. Visit the Business section of Insider for more stories. Coinbase revealed documents to go public o...
Tags: Elon Musk, News, Finance, Wall Street, US, San Francisco, Trends, Tesla, Bitcoin, Janet Yellen, US Treasury, Nasdaq, Coinbase, Satoshi Nakamoto, Craig Wright, Armstrong


Coinbase warns the entire crypto market could be destabilized if bitcoin's anonymous creator is ever revealed or sells $30 their billion stake

Coinbase CEO Brian Armstrong sits for a portrait in their San Francisco headquarters. Christie Hemm Klok/Getty Images Coinbase revealed its documents to go public through a direct listing on Thursday. In the filing, the trading platform cites Satoshi Nakamoto's identity as a potential risk factor. The creator's cache of bitcoins could wreak havoc on the market if Nakamoto sold his collection. Visit the Business section of Insider for more stories. Coinbase revealed documents to go public o...
Tags: Elon Musk, News, Finance, Wall Street, US, San Francisco, Trends, Tesla, Bitcoin, Janet Yellen, US Treasury, Nasdaq, Coinbase, Satoshi Nakamoto, Craig Wright, Armstrong


Billionaires have added $1.3 trillion to their net worths during the pandemic - a 44% increase from March 2020

Jeff Bezos, the world's richest man and one of the US' centi-billionaires. Shannon Stapleton/Reuters A new report finds that US billionaires have added $1.3 trillion to their wealth since March 2020. The US also saw more people join the group of centi-billionaires, worth over $100 billion, in the past 11 months. A January Oxfam report found the world's billionaires saw wealth increase by $3.9 trillion from March to December 2020.  Visit the Business section of Insider for more stor...
Tags: Mark Zuckerberg, Elon Musk, US, Trends, Bill Gates, Janet Yellen, Oxfam, The New York Times, Jeff Bezos, Biden, Yellen, Sen Elizabeth Warren, International Labour Organization, Shannon Stapleton Reuters, Institute for Policy Studies, Chuck Collins


Coinbase sent the mysterious creator of bitcoin a copy of its public filing in a symbolic gesture

Coinbase Founder and CEO Brian Armstrong Steven Ferdman/Getty Images Coinbase revealed the documents to go public via a direct listing on Thursday. The digital trading platform lists Satoshi Nakamoto as one of the recipients of the public filing. Bitcoin was created as the first decentralized cryptocurrency in 2009. Visit the Business section of Insider for more stories. Cryptocurrency exchange platform Coinbase symbolically sent a copy of its public filing to the mysterious creator of bit...
Tags: Elon Musk, News, Finance, Wall Street, US, Trends, Tesla, Bitcoin, Janet Yellen, US Treasury, Coinbase, Satoshi Nakamoto, Armstrong, Nick Szabo, Nakamoto, Tech Insider


Stimulus Check Update: Why Your Next Relief Payment May Not Be $1,400

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Tags: Business, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


Stimulus Check Update: Why Your Next Relief Payment May Not Be $1,400

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Tags: Business, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


150 business leaders, including Google's Sundar Pichai and longtime Trump ally Stephen Schwarzman, are backing Biden's $1.9 trillion stimulus bill in a letter to Congress

Blackstone CEO Stephen Schwarzman, President Joe Biden, Google CEO Sundar Pichai Jim Spellman/Getty Images, Saul Loeb/AFP via Getty Images, Justin Sullivan/Getty Images More than 150 execs from top US firms have said they support Biden's stimulus package, CNN reported. Blackstone CEO Stephen Schwarzman and Google CEO Sundar Pichai were among the execs who signed a letter to lawmakers. "Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package," the ex...
Tags: Google, Politics, Congress, White House, US, Trends, Joe Biden, Cnn, Comcast, AT T, Treasury, Janet Yellen, Goldman Sachs, Biden, Donald Trump, Chamber of Commerce


EVs and clean tech are bubbles that will deflate as economic recovery prompts rethinking of 'aspirational' sectors, says JPMorgan

Elon Musk talks to journalists at the construction site of the Tesla Giga-Factory in Grünheide near Berlin, Germany, September 3, 2020. Patrick Pleul/picture alliance via Getty Images Bubbles in EV and clean-tech technology portions of the market began forming when the COVID-19 pandemic was growing in early 2020, says JPMorgan  Investors are reassessing a "reset" agenda as economic recovery takes hold and bidding up oil and travel stocks.  Tesla shares continued to selloff during Tuesday's...
Tags: Elon Musk, US, Trends, Markets, Tesla, TSLA, Stocks, Janet Yellen, Bubbles, Equities, Cnbc, Yellen, Fed, Jpmorgan, Ev, Berlin Germany


Republicans see Democrats' $15 minimum wage increase and counter with $10 instead

Mitt Romney and Tom Cotton at a news conference in 2014. Danny Johnston/AP Photo Republican Sens. Tom Cotton and Mitt Romney propose raising the minimum wage to $10 an hour by 2025. Biden has proposed a Bernie Sanders-backed $15 wage increase as part of the $1.9 trillion stimulus. The proposal comes as Biden reportedly doubts whether $15 can pass and a moderate Democrat suggested $11. Visit the Business section of Insider for more stories. To counter the Democrats' proposal of raising the ...
Tags: Utah, America, West Virginia, Trends, Cotton, Joe Biden, Arkansas, Arizona, Treasury, Mitt Romney, Janet Yellen, Biden, Vermont, Bernie Sanders, Sanders, Democratic


Stimulus Check Latest: What’s The Timeline For Another Economic Relief Payment?

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Tags: Business, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Arizona, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


Bitcoin is 'speculation of the highest order' and should be banned, says billionaire investor Rakesh Jhunjhunwala

Bitcoin. KTS Design/Science Photo Library/Getty Images Billionaire investor Rakesh Jhunjhunwala believes bitcoin should be banned.  "I think it's speculation of the highest order. I don't want to join every party in town. I think the hangover is much worse," he told CNBC on Tuesday. He also thinks Indian regulators should ban the token and focus on an Indian digital currency. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Billionaire investor Rakesh Jhunjhunwala j...
Tags: India, Trends, Markets, Bitcoin, Janet Yellen, US Treasury, Warren Buffet, Cnbc, Cryptocurrency, Yellen, Rakesh Jhunjhunwala, Indian economy, Bitcoin Price, Jhunjhunwala, Isabelle Lee, Bitcoin Regulation


Bitcoin plunges as much as 17% as investors grow wary of record-breaking rally

Bitcoin has soared in 2021, but investors pulled back on Monday and Tuesday Dado Ruvic/Reuters The bitcoin price slumped to as low as $45,000 on Tuesday before recovering some ground.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price briefly plunged as much as 17% on Tuesday to below $4...
Tags: Elon Musk, US, Trends, Tesla, Delta, Treasury, Janet Yellen, Nasdaq, Btc, Cnbc, Craig Erlam, OANDA, Harry Robertson, Binance, Dado Ruvic Reuters, Pankaj Balani


Bitcoin plunges 18% as investors grow wary of record-breaking rally

Dado Ruvic/Reuters Bitcoin slumped as much as 18%, to $45,000, on Tuesday before slightly paring losses.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin plunged as much as 18%, to $45,000, on Tuesday before slightly paring some losses as sky-high cryptocurrency valuations unnerved investors.Th...
Tags: Elon Musk, US, Trends, Markets, Tesla, Delta, Treasury, Janet Yellen, Nasdaq, Cryptocurrencies, Btc, Cnbc, ETH, Craig Erlam, OANDA, Harry Robertson


Bitcoin briefly falls as much as 17% to under $46,000, as inflation fears rattle cryptocurrencies and tech stocks

Bitcoin tumbled on Monday and slumped again on Tuesday morning. R.Tsubin/Getty Images The bitcoin price slumped to below $46,000 on Tuesday as the cryptocurrency sell-off continued.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price tumbled for a second straight day on Tuesday, briefly p...
Tags: Elon Musk, US, Trends, Tesla, Delta, Treasury, Janet Yellen, Btc, Cnbc, Harry Robertson, Binance, Pankaj Balani


Bitcoin briefly falls as much as 17% to under $45,000, as inflation fears rattle cryptocurrencies and tech stocks

Bitcoin tumbled on Monday and slumped again on Tuesday morning. R.Tsubin/Getty Images The bitcoin price slumped to below $46,000 on Tuesday as the cryptocurrency sell-off continued.Other cryptocurrencies such as ether and XRP also plunged as cash fled the market.Investors have second-guessed the recent market rally, with tech stocks also tumbling.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The bitcoin price tumbled for a second straight day on Tuesday, briefly p...
Tags: Elon Musk, US, Trends, Tesla, Delta, Treasury, Janet Yellen, Btc, Cnbc, Harry Robertson, Binance, Pankaj Balani


Bill Gates says he's not bullish on bitcoin as it uses 'a lot of energy' - and warns people who aren't as rich as Elon Musk against buying into the boom

Bill Gates. Getty Images for All In WA Microsoft cofounder Bill Gates told Bloomberg he isn't bullish on bitcoin, and warned against jumping into the trade.People who don't have as much money to spare as Tesla CEO Elon Musk should watch out, he said.The climate activist thinks that anonymity behind bitcoin transactions is not a good thing.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bill Gates, the world's third-richest person, is not a fan of bitcoin, partly for...
Tags: Elon Musk, Trends, Tesla, Bloomberg, New York Times, Bill Gates, Treasury, Janet Yellen, Gates, Gates Foundation, Yellen, Elon, Shalini Nagarajan, WA Microsoft


Janet Yellen says using bitcoin is an 'extremely inefficient' way to transact

Federal Reserve Chairman Janet Yellen waits for a hearing of the Joint Economic Committee on Capitol Hill, November 29, 2017. Brendan Smialowski/AFP via Getty Images Janet Yellen on Monday said bitcoin is an "extremely inefficient way of conducting transactions."  The Treasury Secretary expressed concern that bitcoin is used "often for illicit finance." The comments come a day after bitcoin hit a new record of $58,042. Sign up here for our daily newsletter, 10 Things Before the Opening Bel...
Tags: Trends, Markets, Bbc, Getty Images, Bitcoin, Netherlands, United Arab Emirates, Treasury, Argentina, Janet Yellen, Norway, Christine Lagarde, Ecb, Federal Reserve, Cryptocurrencies, Yellen


Third Stimulus Check: Will Your Next Relief Payment Be $1,400?

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Tags: Business, Budget, News, Congress, Senate, West Virginia, Joe Biden, Maine, House, Treasury, Janet Yellen, Nancy Pelosi, Biden, Anthony Fauci, Agi, Susan Collins


7 reasons why stocks have positive support in the near term despite rising bond yields, according to Fundstrat's Tom Lee

Johannes Eisele/AFP/Getty Images Fundstrat's Tom Lee says any dip in the stock market should be a buying opportunity. A large stimulus, declining COVID-19 cases, and millennial investors are a few reasons Lee says stocks have positive support in the near-term.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Rising bond yields may be giving investors some apprehension about the stock market's trajectory, but Fundstrat's Tom Lee says any dips will be buying opportunit...
Tags: Washington, China, US, Trends, Markets, Treasury, Stocks, Janet Yellen, Federal Reserve, Bonds, FOMC, Fed, Jpmorgan, Lee, Powell, Tom Lee


Democrats are planning at least another $2 trillion in stimulus spending, shrugging off fears of growing debt

President Joe Biden meets with lawmakers in the Oval Office. Pete Marovich/Pool/Getty Images Democrats are planning at least another $2 trillion in stimulus spending, much of it on infrastructure. Senior Democrats support new taxes on wealthy Americans and large businesses to finance part of a follow-up package. Senate Republicans are likely to press for more targeted spending, and spark a clash in Congress. Visit the Business section of Insider for more stories. Democrats are on course to...
Tags: Texas, Congress, Oregon, Senate, White House, America, Barack Obama, Trends, Joe Biden, Cnn, Treasury, Janet Yellen, Capitol Hill, Oklahoma, Federal Reserve, Biden



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