Cash
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An anonymous reader quotes a report from the Associated Press: Austria’s leader is proposing to enshrine in the country’s constitution a right to use cash, which remains more popular in the Alpine nation than in many other places. Chancellor Karl Nehammer said in a statement on Friday that “more and more people are concerned that […]
NEW YORK, July 11 (Reuters) – ByteDance, the Chinese owner of short video app TikTok, will allow shares of U.S. employees to vest without waiting for the company to list in the stock market, thereby allowing them to cash out, according to people familiar with the matter. The move is aimed at appeasing restless employees […]
A San Francisco committee has released its final set of recommendations to provide reparations to the city’s Black community, including potential $5 million payments meant to rectify some of the harm caused by generations of systemic racism. But it is far from clear whether the possible payments — or any of the other most ambitious […]
NEW YORK, June 2 (Reuters) – As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA Global […]
New York CNN — Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling. As of the close of business on May 25, Treasury had just
Just how empty is the Treasury cash coffer? For comparison, $38.8 billion is on par with the gross domestic product of Bahrain and Paraguay and lower than the net worth of more than two dozen of the wealthiest people in the world. Of course, much of the assets of those billionaires are tied up in […]
Treasury Secretary Janet L. Yellen said on Friday that the United States will run out of money to pay its bills on time by June 5, moving the goal post slightly while maintaining the urgency for congressional leaders to reach a deal to raise or suspend the debt limit. The letter provided the most precise […]
Three years after the murder of George Floyd sparked “racial justice” protests and riots, the national Black Lives Matter charity is wrestling to stay afloat amid major legal and financial pressure. The Black Lives Matter Global Network Foundation launched in 2013 but gained prominence in 2020 as left-wing activists embraced the “
Biden and McCarthy meet on debt, as Yellen warns US running out of cash South China Morning Post Source link
The Congressional Budget Office said on Friday that there was a “significant risk” that the federal government could run out of cash sometime in the first two weeks of June, setting the United States up for a default. The warning came as the White House and congressional leaders spent the week in negotiations over how […]