On August 16, President Joe Biden ratified the Inflation Reduction Act into law, injecting billions of dollars into the American economy to facilitate green upgrades for homes, businesses, and vehicles. The new law’s sweeping impact on clean energy initiatives has stirred excitement in the investment community, even as its ambitious aims to decarbonize a substantial…
In the backdrop of a looming U.S. debt ceiling crisis and efforts to counter China’s increasing regional influence, U.S. President Joe Biden participated in a series of key meetings on the margins of the G7 Summit in Japan. This was in stark contrast to the more public appearances expected of a President at such global…
Hiroshima, Japan – With the haunting backdrop of the Hiroshima Peace Memorial as a potent reminder of war’s destructive capacity, President Joe Biden, alongside world leaders, is preparing to announce extensive new sanctions on Russia at a dedicated G7 session. The measures are a reaction to Russia’s ongoing invasion of Ukraine, and are designed to…
The dollar gained strength on Wednesday as investors sought its safe-haven status amidst concerns over a potential U.S. debt default. Additionally, traders adjusted their expectations of an imminent interest rate cut by the Federal Reserve following encouraging U.S. consumer spending data. Negotiations between U.S. President Joe Biden and Republican congressman Kevin McCarthy inched closer to…
Amidst the looming debt ceiling crisis, President Joe Biden and congressional leaders have convened to address the urgent matter. However, uncertainties persist, casting a shadow over the path to a potential agreement. Significant gaps remain between both sides on crucial issues, and Treasury Secretary Janet Yellen has issued a warning that the government may struggle…