State Missouri Financial News

03.07 / 14:37

MET JPMorgan Chase Simulation Largest banks all pass Fed’s annual stress test

The country’s largest banks are well positioned to weather a severe recession, according to the results of the Federal Reserve Board’s annual bank stress test.

16.06 / 03:07

business regulation us government Senate Machine Learning AI companies Senators US senators propose bill to eliminate section 230 protection for AI companies

U.S. Senators Josh Hawley, a republican from Missouri, and Richard Blumenthal, a democrat from Connecticut, introduced a senate bill on June 14 that would eliminate special protections afforded to online computer services providers under the Communications Decency Act of 1996.

07.06 / 08:47

Binance Robinhood SEC coinbase SEC Crackdown Spurs Robinhood to Review Its Crypto Operations

Popular brokerage firm Robinhood is reconsidering its cryptocurrency offerings after the Securities and Exchange Commission took action against two major digital asset trading platforms earlier this week.

01.06 / 04:47

business Blockchain UPS Parke Bitcoin Missing 'Bitcoin Millionaire' and ONFO coin co-creator found dead: Report

The co-founder of referral-based crypto project ONFO coin who went missing in Missouri on May 21, has been found dead around a week later on May 30 with an apparent gunshot wound, though police don’t currently suspect foul play.

30.04 / 14:49

markets Mining Bitcoin Bitcoin Price Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

It now costs Bitcoin (BTC) miners at least $17,000 to produce one BTC in the U.S. versus the $5,000-10,000 range a year ago, according to Bitcoin mining data resource Hashrate Index and Luxor.

01.02 / 00:47

regulation proof-of-work Energy Consumption lawmakers US lawmakers Bitcoin mining advocate is going state-to-state to educate US lawmakers

Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.

13.12 / 20:51

regulation FTX Congress lawmakers hearing US lawmakers FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and 'conscientious stupidity'

Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO and business practices at the firm.

17.11 / 15:15

Citi NOT Reducing Inflation Without a Recession Might Not Be Feasible, Fed Official Says

KANSAS CITY, Mo.— Inflation is at risk of growing entrenched in the economy due to an overheated job market, and that will make it increasingly difficult for the Federal Reserve to bring inflation down without a recession, a central bank official said in an interview.

16.11 / 15:19

Citi NOT Lowering Inflation Without a Recession Might Not Be Feasible, Fed Official Says

13.10 / 15:26

BLOCK Judge Weighs Biden Administration’s Student-Loan Forgiveness Plan

Attorneys for the Biden administration and states challenging the president’s student-debt cancellation plan squared off at a federal court hearing Wednesday that left the fate of the loan forgiveness in limbo.

08.05 / 19:15

They Came, They Hiked, They Stayed: Retirees Lift Fortunes in Rural America

PIGEON FORGE, Tenn.—Tom and Barb Hansen’s search for a retirement spot reads like the script to a road movie. California’s Lake Tahoe. Sedona and Scottsdale in Arizona. The Ozark Mountains of Missouri. Myrtle Beach, S.C.

26.04 / 17:39

Adoption community Bitcoin LAMBO Wen Lambo fixed? Mechanic receives first payment in Bitcoin to mend Lamborghini

The Bitcoin meme “Wen Lambo” might be making a comeback. For JayFab, a Redditor who owns and operates a welding and fabrication company, it’s certainly the case.

07.04 / 18:07

Target Fighting CME Lost NOT Fed's James Bullard says interest rate policy is 'behind the curve' but 'all is not lost'

The Federal Reserve needs to raise interest rates substantially to control inflation but may not be as «behind the curve» as it appears, St. Louis Fed President James Bullard said Thursday.

19.01 / 00:39

BLOCK Software RIG Bitcoin Dorsey's Payments Firm Block Starts to Begin Mining Bitcoin

Block Inc, formerly known as Square, will begin mining Bitcoin with its mining system based on custom silicon and open source for individuals and businesses worldwide.

08.12 / 23:27

Facebook Government regulation hearing Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem

Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over vast swaths of the internet, something he expressed concerns about encroaching in the crypto space.

11.11 / 03:21

COST UPS Where Inflation Is Highest in U.S.

U.S. inflation rose at the fastest pace in three decades in October, with prices increasing more in some parts of the country than in others. Consumer prices were up 7.3% last month in the region that encompasses Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Mid-Atlantic states, however, saw prices rise less, by 5.4% from a year ago.

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