New Jersey’s Dollar a Day Auto Insurance Leaves Fully Paid Insurance Plans to Pay the Bill
TRENTON, N.J. — Automobile insurance in New Jersey is skyrocketing and there doesn’t seem to be an end in sight. Driver’s licenses for illegal aliens and this low-cost $1 per day insurance…
Japanese yen jumps vs dollar, traders suspect intervention
By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) – The battered yen jumped against the dollar on Friday, triggering speculation that Japanese authorities may be in the market to stem…
Retirement Plans Set For Trillion Dollar ‘Tailspin,’ Economists Warn
Retirement Plans Set For Trillion Dollar ‘Tailspin,’ Economists Warn John Hugh DeMastri on October 17, 2022 Pension plans and 401(k)s are forecasted to take trillions in losses this year, with their…
Analysis-Indonesia’s defences start crumbling against relentless dollar
By Rae Wee and Summer Zhen SINGAPORE (Reuters) – Indonesia’s currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia’s largest economy…
Analysis-G7 fails to reach intervention deal to ease pain of soaring dollar
By Leika Kihara WASHINGTON (Reuters) – Japan and other countries facing the fallout from a soaring U.S. dollar found little comfort from last week’s meetings of global finance officials, with no sign…
Fed’s Bullard says boost to dollar from interest rate hikes may ease
WASHINGTON (Reuters) -The Federal Reserve’s rapid interest rate increases have contributed to the strength of the dollar against other currencies, but that may ease once the U.S. central bank reaches the point…
A U.S. central bank digital currency isn’t necessary for dollar supremacy- Fed’s Waller
(Reuters) – Creating a U.S. central bank digital currency is likely not important to the long-term status of the U.S. dollar, Federal Reserve Governor Christopher Waller said Friday. In a speech during…
IMF cuts Asia’s growth forecasts, warns of strong dollar strains
By Leika Kihara TOKYO (Reuters) – The International Monetary Fund cut Asia’s economic growth forecasts on Tuesday, with rising inflation forcing many central banks to tighten monetary policy even as exports face…
Marketmind: Dollar feeds on stress
A look at the day ahead in U.S. and global markets from Mike Dolan A stressful start to a packed week for world markets saw the U.S. dollar feed off a sour…
Marketmind: China back for dollar thwack
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The dollar wrecking ball is swinging its way through world markets again, after a solid U.S. jobs report…
Analysts cut Canadian dollar forecasts as recession risk looms: Reuters poll
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses in recent weeks and as interest rate…
Analysis-Chile’s sliding peso reflects tough battle vs rampaging dollar
By Alexander Villegas and Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chile’s sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but in…
U.S. dollar share of global FX reserves rises in Q2; euro share slips -IMF data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the second quarter, with the Federal Reserve in the midst…
Dollar swaps blow out as volatile Q3 ignites dash for cash
By Amanda Cooper LONDON (Reuters) – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since the COVID-19 crisis in 2020 as market turmoil sent investors…
New Jersey’s Hundred Million Dollar Deli Shut Down, Owners Charged for SEC Fraud
PAULSBORO, NJ – Did you know there was a publicly traded delicatessen operating in New Jersey that was worth $100 million dollars? When the Securities and Exchange Commission got wind of the…
Rouble hits over 2-month high vs dollar, Russian stocks stutter
By Alexander Marrow MOSCOW (Reuters) – The Russian rouble surged to a more than two-month high against the dollar on Thursday, while geopolitical headwinds halted a tentative recovery on stock markets as…
Former President Of International Aircraft Parts Distributor Convicted Of Multi-Million Dollar Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced the conviction in Manhattan federal court of STEFAN GILLIER, a/k/a “Stephan Gillier,” a/k/a “Stefan R.R. Gillier,” a/k/a “Roland…
Green gold: Mexican avocados, beloved in U.S., fuel multi-billion dollar market
By Cassandra Garrison MEXICO CITY (Reuters) – Hass avocado imports from Mexico, the main ingredient of guacamole – a favorite Super Bowl snack – are now worth $4 billion, up from about…
White House’s Deese says strong dollar reflects strength of U.S. economy
WASHINGTON (Reuters) – Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser Brian Deese told reporters on Tuesday. “In…
Brazil does not need to fear recession abroad, strong dollar, says Guedes
(Reuters) – Brazilian Economy Minister Paulo Guedes said on Monday that the country need not to fear recession abroad or a stronger dollar, arguing that Latin America’s largest economy has its own…
U.S. dollar strength creating ‘untenable’ situation that risks financial crisis -Morgan Stanley
NEW YORK (Reuters) – The recent rally in the U.S. dollar is creating an “untenable situation” for riskier assets that could end in a financial or economic crisis, strategists at Morgan Stanley…
‘Listen To Us’: Seattle Residents Stand Up To City Council Over Multi-Million Dollar Homeless Megaplex
‘Listen To Us’: Seattle Residents Stand Up To City Council Over Multi-Million Dollar Homeless Megaplex Reagan Reese on September 21, 2022 The residents of Chinatown protested outside of Seattle City Hall in…
Indian govt not averse to weaker rupee vs dollar – source
By Ira Dugal and Aftab Ahmed NEW DELHI (Reuters) -The Indian government is not averse to a weaker rupee in line with global market fundamentals, a senior official told Reuters, at a…
Canadian dollar hits near 2-year low, TSX falls as sentiment sours
By Fergal Smith TORONTO (Reuters) -The Canadian dollar weakened to its lowest level in nearly two years against the greenback on Friday and Canada’s stock market fell as investors grew cautious ahead…
Marketmind: Unstoppable dollar
A look at the day ahead in European and global markets from Anshuman Daga Disagreement over interest rate increases is discernible. Two ECB policymakers gave diverging views about the size of future…
Bay Area Rapper Mark “Kafani” Hicks And Two Co-Conspirators Sentenced To Prison For Multi-Million Dollar Mortgage Fraud Scheme
SAN FRANCISCO – Bay area rapper Mark “Kafani” Hicks, aka Amir Rashad, was sentenced to 87 months in prison for his role in orchestrating a complex loan fraud and identity theft conspiracy,…
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