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Fed Chair Powell: U.S. economy looks to be strengthening

Chairman of the Federal Reserve Jerome Powell attends a Senate Banking Committee hearing on Capitol Hill, in Washington, D.C., U.S., December 1, 2020. /CFP The U.S. economy is "much improved,

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APD | Weekly top 10 hot news (Mar. 13 - Mar. 19)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 |China, U.S. conclude

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21 GOP Attorneys General are pressing Biden's administration for clarity on stimulus element

Twenty-one Republican Attorneys General are warning President Joe Biden's administration that a provision in the $1.9 trillion economic aid package could limit state ef

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Building a better SDR

Signage hangs at the International Monetary Fund (IMF) headquarters in Washington, D.C., U.S., April 14, 2020. /Getty Editor's note: José Antonio Ocampo is a former finance minister of Colombi

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How the Biden administration is approaching crypto regulations

It’s hard to imagine a worse scenario than the one left behind by former Treasury Secretary Steven Mnuchin. The draconian regulatory proposals were Mnuchin’s own personal vendetta, according to Bitcoi

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Biden's stimulus trade-offs

U.S. President Joe Biden delivers remarks on the national economy and the need for his administration's proposed $1.9 trillion coronavirus relief legislation, flanked by Vice President Kamala Har

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Who's hot and who's not for Bitcoin?

On February 17, the price of Bitcoin crossed the $50,000 mark, bringing the biggest cryptocurrency's market capitalization close to $1 trillion.This came after Tesla announced earlier in the month

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Biden's trade rep nominee calls China both rival, partner

Katherine Tai speaks after being introduced as U.S. President-elect Joe Biden's nominee to be the next U.S. Trade Representative at the Queen Theater in Wilmington, Delaware, the U.S., December 1

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Analysis: Recent frenzy doesn't grant Bitcoin safe haven status

Representation of the virtual currency bitcoin is seen on a motherboard in this picture illustration taken on April 24, 2020. /ReutersEditor's note: Jimmy Zhu is chief

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Bitcoin tumbles after hitting record high over the weekend

Bitcoin tumbled 17 percent on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit.The world's biggest cryptoc

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A look back at Biden's first month as 46th U.S. president

President Joe Biden signs his first executive order in the Oval Office of the White House, Washington, D.C., January 20, 2021. /AP On January 20, Joe Biden took the oath of office and official

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IMF dismisses inflation concerns of Biden stimulus plan

Signage hangs at the International Monetary Fund headquarters in Washington, D.C., U.S., April 14, 2020. /VCG Fears that inflation could spiral out of control due to a massive U.S. stimulus pa

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Nature of China-U.S. economic, trade relations mutually beneficial

China-U.S. economic and trade relations are mutually beneficial in nature, Chinese Foreign Ministry spokesperson Hua Chunying said Friday at a press briefing.Her remark

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The game stopped: The little guys didn't win

Editor's note: Yannan Collins is a consultant with a media background based in the United States. The article reflects the author's opinions, and not necessarily the views of CGTN.When it comes to

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Yellen says U.S. tariffs on China remain in place

The United States is in the process of evaluating its approach to China, but tariffs imposed on Chinese goods by the former Trump administration will remain in place for now, Treasury Secretary Janet

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Reddit's valuation doubles to $6 billion after $250 million funding

Reddit, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of funding that doubled its valuation to $6 b

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U.S. stocks hit records as Tesla investment boosts bitcoin

A Wall Street street sign outside the New York Stock Exchange as snow falls in New York, U.S., February 1, 2021. /VCG Wall Street stocks powered to fresh records Monday, while bitcoin also tou