State Michigan Financial News

05.01 / 22:07
Law regulation Congress US senator behind efforts to pass major crypto bill won't seek re-election
Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025.
01.12 / 20:59
CFTC regulation Congress Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse
Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based in the United States which was not part of FTX Group’s Chapter 11 filing, as an example of how regulating crypto firms could benefit U.S. consumers. 
30.11 / 09:55
BTC/USD ETH/USD Bitcoin Price Prediction Ethereum Price Prediction Bitcoin Price and Ethereum Pumps 10%; US Consumer Confidence Shakes Again
Despite the market's continued FUD, Bitcoin, the leading cryptocurrency, continues to trade bullish above the psychological level of $16,000 and has placed a high of $17,000 on November 30. Similarly, Ethereum, the second-most valuable cryptocurrency, is also on the rise, having reached $1,270 after violating a symmetrical triangle pattern.
16.09 / 19:21
UPS Lowe's Consumers’ Mood Reflects Uncertain U.S. Economy
U.S. consumer sentiment ticked up in early September from historically low levels as Americans felt slightly better about the economy while expressing uncertainty towards the outlook.
08.09 / 15:59
UPS Ford Yellen to Tout Biden Economic Policy in Visit to Michigan
Treasury Secretary Janet Yellen plans to argue that the Biden administration’s agenda is spurring economic investment and opportunity across a wider distribution of communities in the U.S. during a visit to Michigan.
04.09 / 15:09
Consumers Feel Worse Now Than They Did During Covid Lockdowns
The University of Michigan survey of consumer sentiment measures how U.S. consumers feel about their personal finances, business conditions and buying conditions. Recent surveys have shown that consumers have rarely felt more downbeat about all of these measures.
25.08 / 02:31
SEC Gaming ICO Time GameFi developers may be facing big fines and hard time if they don't speak up
Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States?
12.08 / 20:15
Lowe's Low U.S. Consumer Sentiment Improved in August From Early Summer Low
U.S. consumer sentiment rose in early August, continuing its climb from a record low earlier this summer as inflation expectations improved.
05.08 / 10:11
CFTC SEC Congress Congress will likely decide the fate of crypto jurisdiction: Lummis staffer
A United States Senator Cynthia Lummis staffer believes that U.S. Congress will have to step in and resolve the dispute between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding who regulates cryptocurrencies if the matter cannot be resolved internally. 
14.07 / 00:33
Government Federal Reserve Senate vice chair US Senate confirms Michael Barr as Fed vice chair for supervision
The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve.
29.06 / 19:15
FIVE Powell vows to prevent inflation from taking long-run hold in the U.S.
Federal Reserve Chairman Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term.
24.06 / 17:43
Lowe's Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly
A widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly.
13.06 / 01:09
NASDAQ DOW COMPOSITE fall week Stock futures fall after Wall Street’s worst week since January
U.S. stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022.
08.06 / 00:17
business regulation Cybersecurity Senate committee Chainalysis exec touts blockchain analysis to Senate homeland security committee
The collection and processing of information was a major theme at the United States Senate Committee on Homeland Security and Governmental Affairs (HSGAC) hearing June 7 titled “Rising Threats: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency.” The committee hosted panel of private sector experts who discussed the problem of ransomware attacks and the challenges of collecting and using the information necessary to fight them. 
19.05 / 08:39
business SEC coinbase Coinbase launches new crypto think tank to help shape policies
Cryptocurrency exchange Coinbase has created a “crypto native think tank” in an attempt to help shape the global conversation around policies for digital assets.
19.05 / 01:01
Government regulation SEC Sec Chair SEC chair uses crypto enforcement in justification for FY2023 budget
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year.
18.05 / 20:09
COST Manufacturing Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns
Scammers are exploiting a nationwide baby formula shortage, tricking consumers into paying hefty prices through fraudulent online stores, the Federal Trade Commission said Wednesday.
13.05 / 15:09
Manufacturing Baby Formula Shortage Could Leave Parents Scrambling for Months
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the hardships facing U.S. families may take months to abate.

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