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How Bitcoin is helping middle-class users survive the pandemic

Regulators may still want to imply Bitcoin is merely a tool for criminals, but for many middle-class users, it’s proving to be a lifeline.Even as politicians like European Central Bank President Chris

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U.S. stocks gain on inauguration eve and Yellen call for stimulus

The New York Stock Exchange is seen in New York City, New York, U.S., November 9, 2020. /Reuters Wall Street stocks won solid gains Tuesday as markets anticipated the presidential inauguratio

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Bitcoin advocates revolt against the Trump administration’s frantic crypto regulations

Bitcoin fans across the country are rallying against a common enemy, the Treasury’s Financial Crimes Enforcement Network (FinCEN).US Treasury Secretary Steven Mnuchin,

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Biden's ambitious economic plan may end the dollar's dominance

Editor's note: Bilal Jafar is an independent economist and international financial markets analyst. He holds an MBA in finance and has a special interest in writing about emerging markets and Chin

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Janet Yellen, a 'safe' pair of hands to steer the U.S. economy

Former Fed Chair Janet Yellen is in the spotlight after being named byU.S. President-elect Joe Biden as his nominee for treasury secretary. And the pressure is on to help revive the U.S. economy a

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Biden picks first Black U.S. secretary of defense, says 'right moment'

President-elect Joe Biden said it was the "right moment" in U.S. history for his defense secretary nominee, retired Army General Lloyd Austin.The choice of Austin, who if confirmed would be the first

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Searching for a way out of the worsening U.S. unemployment hole

Sen. Angus King (I-ME) sets up a sign alongside a bipartisan group of Democrat and Republican members of Congress as they announce a proposal for a COVID-19 relief bill on Capitol Hill, Washingto

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Biden's economic team starkly contrasts with Trump loyalists

Editor's note:Hannan Hussain is a foreign affairs commentator and author. He is a Fulbright recipient at the University of Maryland (U.S.) and a former assistant researcher at the Islamabad Policy

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Biden taps Janet Yellen as Treasury secretary

U.S. President-elect Joe Biden will nominate former Federal Reserve Chair Janet Yellen to be his treasury secretary, the Biden transition team said in a statement on Monday.The Democrat's other picks

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U.S. president-elect Biden's uphill battle is just starting

01:09 U.S. President Donald Trump said for the first time on November 26 he will leave office if the Electoral College votes for Joe Biden. But also he made it clear he's not prepared

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Biden seeks unity as Trump stokes fading embers of campaign

On a day of grace and grievance, President-elect Joe Biden summoned Americans to join in common purpose against the coronavirus pandemic and their political divisions w

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Dow tops 30,000 for the first time as Biden transition begins

Investors have a lot to be thankful for this holiday-shortened week -- including the Dow passing the 30,000 milestone for the first time as stocks posted solid gains Tuesday to extend Monday's ra

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Biden to name ex-Fed chair Yellen as first female U.S. Treasury chief

President-elect Joe Biden will nominate former Federal Reserve chair Janet Yellen to head the U.S. Treasury, a choice that, if confirmed by the Senate, would make her the first woman in the job.Th

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Biden signals sharp shift from Trump with cabinet picks

The projected winner of the U.S. presidential election Joe Biden on Monday tapped Obama-era officials for top national security and economic roles, signaling a stark shift from the Trump administrati

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Central banks' influence now limited, former U.S. officials say

02:01 Global central banks have flooded the capital markets with cash in order to pump up asset prices and economic activity amid the crisis wrought by the coronavirus pandemic.But the

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Former U.S. Fed chiefs urge Congress to pass another relief bill

VCG Former U.S. Federal Reserve chiefs Ben Bernanke and Janet Yellen on Friday urged Congress to pass another COVID-19 relief bill as the pace of U.S. economic recovery could be slow and uneve

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U.S. economy to decline by 7 pct in Q2: Congressional Budget Office

The U.S. Congressional Budget Office (CBO) estimates that second-quarter GDP will decline by more than 7 percent in the second quarter due to continued disruption of c