Warns

The Congressional Budget Office (CBO) stressed that "there is a significant risk that the Treasury will run out of money sometime in the first two weeks of June" if the debt ceiling is not raised or suspended. The CBO's forecast is…

Two-thirds of the eventual £12bn rise in UK mortgage costs from rising interest rates has yet to be passed on to borrowers, a think tank has warned, leaving them facing painful refinancing over the coming months.The Bank of England…

The International Monetary Fund (IMF) has warned of "very serious repercussions" for both the US and the global economy if the US defaults on its debt obligations, which could be on June 1. "We must cooperate, reach consensus and…

Investment analyst John Wolfenbarger warned that the success of the BRICS currency could harm American living standards and "lead to less strength for the US government, similar to the weakness of the United Kingdom after World War…

The top Democrat on the House Intelligence Committee has warned that China and Russia will seek to exploit the chaos created by a US default. He also warned that the reserve currency status of the US dollar could erode if the US…

A senior Hong Kong official warned cryptocurrency exchanges to expect tough regulation and advised opponents to go elsewhere. Hong Kong has stated that its upcoming cryptocurrency regulation will not promote a light-hearted approach…

Advances in artificial intelligence will threaten white-collar workers and create "a large number of losers" over the next decade, according to one of the founders of the DeepMind AI lab that pioneered the technology. “Undoubtedly,…

A strategic analyst at Swedbank, a Swedish bank, warned of the spread of the regional banking crisis in the United States. After numerous bank failures, he stressed that Backwest Bank, Western Alliance Bank, and First Horizon Bank…

Binance, the darling poster child of the crypto space, has come increasingly under a regulatory microscope since the collapse of FTX. Critics have claimed in the past that the company is being led by a "ticking time bomb" and now, a…

The Binance team has issued a warning and ban to Justin Sun from farming SUI tokens following his large TUSD transfer deposits on the platform earlier today. The SUI layer 1 blockchain, which has been in development for a while, has gained…