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U.S. Senate Democrats, Republicans haggle over short-term debt fix
By Susan Cornwell and Makini Brice WASHINGTON (Reuters) – U.S. Senate Democrats and Republicans were expected to continue negotiating on Thursday to avert a debt crisis after Democrats showed openness to a Republican offer to allow an extension of the federal debt ceiling into December. Democrats called off an early Wednesday afternoon vote after the …
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Billionaire Ken Griffin slams crypto as ‘jihadist call’ against the greenback
Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar. Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, that crypto is “a jihadist call that we don’t believe in the dollar.” …
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Dollar at Highest Since November as Rally Extends to Four Days
(Bloomberg) — Traders have flocked to the dollar this week as they parsed implications of the U.S. debt-ceiling battle and a shift toward more hawkish policy from the Federal Reserve. A gauge of the dollar’s strength against major peers rose to the highest in almost 11 months on Wednesday. The dollar outperformed all of its …
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