#us-treasury
US Treasury sanctions over 30 linked to illicit Iranian oil network
The United States Treasury Department announced on Wednesday that it has imposed sanctions on more than 30 individuals, entities, and vessels accused of facilitating illicit Iran oil sales and supporting Tehran’s weapons programs. The action, carried out through the Office of Foreign Assets Control (OFAC), forms part of Washington’s continuing maximum pressure campaign aimed at curbing Iran’s military capabilities and financial networks. According to the Treasury, the measures
US Treasury sanctions over 30 linked to illicit Iranian oil network
The United States Treasury Department announced on Wednesday that it has imposed sanctions on more than 30 individuals, entities, and vessels accused of facilitating illicit Iran oil sales and supporting Tehran’s weapons programs. The action, carried out through the Office of Foreign Assets Control (OFAC), forms part of Washington’s continuing maximum pressure campaign aimed at curbing Iran’s military capabilities and financial networks. According to the Treasury, the measures
US Stocks Rise After Supreme Court Blocks Trump Tariffs
U.S. stocks mostly advanced on Friday after the Supreme Court struck down former President Donald Trump’s sweeping global tariffs, delivering a major boost to Wall Street and companies exposed to international trade. The ruling, which found that the tariffs exceeded presidential authority under the International Emergency Economic Powers Act of 1977, triggered a broad market rally and lifted investor sentiment across multiple sectors. In a 6–3 decision, the Supreme Court determi
US Stocks Rise After Supreme Court Blocks Trump Tariffs
U.S. stocks mostly advanced on Friday after the Supreme Court struck down former President Donald Trump’s sweeping global tariffs, delivering a major boost to Wall Street and companies exposed to international trade. The ruling, which found that the tariffs exceeded presidential authority under the International Emergency Economic Powers Act of 1977, triggered a broad market rally and lifted investor sentiment across multiple sectors. In a 6–3 decision, the Supreme Court determi
U.S. job growth tops forecasts as payrolls rise 130,000 in January
Job growth at the start of 2026 exceeded expectations, offering reassurance that the U.S. labor market remains resilient despite months of subdued hiring and broader economic uncertainty. Fresh data from the Bureau of Labor Statistics showed nonfarm payrolls increased by 130,000 in January, well above economists’ forecasts of 55,000 and marking a notable improvement from December’s revised gain of 48,000. The stronger hiring figures were accompanied by a modest decline in the un
U.S. job growth tops forecasts as payrolls rise 130,000 in January
Job growth at the start of 2026 exceeded expectations, offering reassurance that the U.S. labor market remains resilient despite months of subdued hiring and broader economic uncertainty. Fresh data from the Bureau of Labor Statistics showed nonfarm payrolls increased by 130,000 in January, well above economists’ forecasts of 55,000 and marking a notable improvement from December’s revised gain of 48,000. The stronger hiring figures were accompanied by a modest decline in the un
Trump and sons file $10 billion lawsuit over alleged IRS tax data leaks
United States President Donald Trump and his two sons have filed a $10 billion civil lawsuit against the Internal Revenue Service and the US Treasury Department, alleging systemic failures that allowed the unlawful disclosure of their confidential tax information. The lawsuit was filed in federal court in Miami and accuses federal authorities of negligence in preventing internal misconduct that resulted in the release of sensitive financial records. According to the court filing, Tr
Trump and sons file $10 billion lawsuit over alleged IRS tax data leaks
United States President Donald Trump and his two sons have filed a $10 billion civil lawsuit against the Internal Revenue Service and the US Treasury Department, alleging systemic failures that allowed the unlawful disclosure of their confidential tax information. The lawsuit was filed in federal court in Miami and accuses federal authorities of negligence in preventing internal misconduct that resulted in the release of sensitive financial records. According to the court filing, Tr
US launches ‘Trump accounts’ for newborns with initial government investment
The United States government has officially launched a new investment program for newborns, called ‘Trump accounts,’ designed to help families start saving for their children’s future. The initiative, established under the One Big Beautiful Bill, provides an initial government deposit of $1,000 for every child born between 2025 and 2028. Officials estimate that approximately 25 million families will be eligible to participate over the next three years. Early adoption has been strong, with
US launches ‘Trump accounts’ for newborns with initial government investment
The United States government has officially launched a new investment program for newborns, called ‘Trump accounts,’ designed to help families start saving for their children’s future. The initiative, established under the One Big Beautiful Bill, provides an initial government deposit of $1,000 for every child born between 2025 and 2028. Officials estimate that approximately 25 million families will be eligible to participate over the next three years. Early adoption has been strong, with
Penny era closes as Washington gathers for farewell at Lincoln Memorial
WASHINGTON — A symbolic farewell is being planned in the nation’s capital this weekend as residents gather to mark the end of US penny production, following the federal government’s decision to stop minting the one-cent coin. The event, scheduled for Saturday at the Lincoln Memorial, reflects a mix of civic ritual, historical reflection, and public response to a monetary change that closes a chapter stretching back more than two centuries. Organizers describe the gathering as
Penny era closes as Washington gathers for farewell at Lincoln Memorial
WASHINGTON — A symbolic farewell is being planned in the nation’s capital this weekend as residents gather to mark the end of US penny production, following the federal government’s decision to stop minting the one-cent coin. The event, scheduled for Saturday at the Lincoln Memorial, reflects a mix of civic ritual, historical reflection, and public response to a monetary change that closes a chapter stretching back more than two centuries. Organizers describe the gathering as
US imposes new sanctions on global network aiding Iran’s missile and drone programs
The United States has announced a fresh wave of sanctions targeting individuals and entities accused of supporting Iran’s ballistic missile and drone development programs. The move underscores Washington’s ongoing effort to curtail Tehran’s military capabilities and disrupt its network of global suppliers. In a detailed statement released on Wednesday, the US Treasury Department confirmed that 32 individuals and companies operating across eight countries—including Iran, the
US imposes new sanctions on global network aiding Iran’s missile and drone programs
The United States has announced a fresh wave of sanctions targeting individuals and entities accused of supporting Iran’s ballistic missile and drone development programs. The move underscores Washington’s ongoing effort to curtail Tehran’s military capabilities and disrupt its network of global suppliers. In a detailed statement released on Wednesday, the US Treasury Department confirmed that 32 individuals and companies operating across eight countries—including Iran, the
US dollar falls to record lows in 2025 as global confidence erodes
The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred
US dollar falls to record lows in 2025 as global confidence erodes
The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred
U.S. credit downgrade challenges momentum from recent market gains
U.S. equities concluded last week with impressive gains, buoyed by a 90-day tariff truce between the United States and China. Technology stocks led the way, with major players such as Tesla and Nvidia delivering standout performances. The agreement to pause tariff increases sparked short-term optimism across markets, especially in the tech-heavy sectors. However, this momentum now faces a fresh challenge following a downgrade of the U.S. credit rating. Moody’s lowered the na
U.S. credit downgrade challenges momentum from recent market gains
U.S. equities concluded last week with impressive gains, buoyed by a 90-day tariff truce between the United States and China. Technology stocks led the way, with major players such as Tesla and Nvidia delivering standout performances. The agreement to pause tariff increases sparked short-term optimism across markets, especially in the tech-heavy sectors. However, this momentum now faces a fresh challenge following a downgrade of the U.S. credit rating. Moody’s lowered the na
Gold Emerges as Top Safe-Haven Amid U.S. Treasury and Dollar Declines
Gold has once again taken center stage in the global financial landscape, reasserting itself as a preferred safe-haven asset at a time when traditional pillars like U.S. Treasurys and the dollar are facing significant challenges. As economic instability, inflation fears, and geopolitical risks rise, investors are increasingly turning to gold as a reliable store of value. The recent depreciation of the U.S. dollar has been a key factor in gold’s renewed strength. Several econ
Gold Emerges as Top Safe-Haven Amid U.S. Treasury and Dollar Declines
Gold has once again taken center stage in the global financial landscape, reasserting itself as a preferred safe-haven asset at a time when traditional pillars like U.S. Treasurys and the dollar are facing significant challenges. As economic instability, inflation fears, and geopolitical risks rise, investors are increasingly turning to gold as a reliable store of value. The recent depreciation of the U.S. dollar has been a key factor in gold’s renewed strength. Several econ
US Treasury Confirms China-Backed Cyber Breach
The US Treasury Department confirmed that a China state-sponsored actor was responsible for a recent cyber breach, compromising its workstations and some unclassified documents. The incident occurred earlier this month when the actor gained access through a third-party cybersecurity provider, BeyondTrust. Once the breach was detected, Treasury swiftly contacted the US Cybersecurity and Infrastructure Security Agency and began working with law enforcement to investigate the incident and assess
US Treasury Confirms China-Backed Cyber Breach
The US Treasury Department confirmed that a China state-sponsored actor was responsible for a recent cyber breach, compromising its workstations and some unclassified documents. The incident occurred earlier this month when the actor gained access through a third-party cybersecurity provider, BeyondTrust. Once the breach was detected, Treasury swiftly contacted the US Cybersecurity and Infrastructure Security Agency and began working with law enforcement to investigate the incident and assess









