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Senate on Thursday raised fresh concerns over growing vulnerabilities within Nigeria's rapidly expanding digital financial ecosystem, warning that without urgent legislative intervention, some large fintech and technology-enabled financial service providers can evolve into systemic risks capable of destabilising the national economy.

At the press conference following the October 2025 Federal Reserve decision on interest rates, many questions arose over how the committee would assess the economy if the ongoing shutdown of the federal government delayed statistics until their December meeting. While Powell chose a driving analogy, steering the U.S. economy through monetary policy is a…

2025 DEC 04– By a News Reporter-Staff News Editor at Economics Daily Report– New study results on cogent economics and finance have been published. According to news reporting originating from Port Elizabeth, South Africa, by NewsRx correspondents, research stated,“ The failure of the Federal Reserve Bank to control inflation within its target range has raised…

2025 DEC 04– By a News Reporter-Staff News Editor at CDC& FDA Daily– Data detailed on Coronavirus- COVID-19 have been presented. According to news reporting out of Washington, District of Columbia, by NewsRx editors, research stated,“ We examine trading behavior in commodity futures markets in the United States during the 2008 Global Financial Crisis and the…

—U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’ s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’ s 218,000, the Labor Department…

—Asian shares were mixed on Thursday after U.S. stocks rose to near their records. Japan's Nikkei 225 index climbed 2.3% to 51,028.42, nearing its all-time high, on expectations that the U.S. Federal Reserve will cut its main interest rate next week, even while traders speculate over whether the Bank of Japan will raise interest rates this month.

2025 DEC 03– By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily– Current study results on social science have been published. According to news reporting originating from Rutgers University- The State University of New Jersey by NewsRx correspondents, research stated,“ This paper investigates the application of the Taylor Rule in guiding the…

U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Congresswoman Maxine Waters, Ranking Member on the House Financial Services Committee, sent a letter to Department of the Treasury Secretary Scott Bessent, Federal Reserve Chair Jerome Powell and US Mint Acting Director Kristie McNally, calling on…

—Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency. In comments at the New York Times' DealBook Summit, Bessent criticized several…

A surge in the stock of pharmaceutical giant Eli Lilly and Co has bolstered the assets of the founding family's private foundation to a record $100 billion in assets, Bloombergreports. According to a Securities and Exchange Commission filing obtained by Bloomberg, the Lilly Endowment is the company's largest shareholder, with 92.5 million shares.

Investors have been keeping track of falling government bond yields over the last few weeks, especially since bond markets have been sending signals that investors expect the Federal Reserve to cut interest rates later this month. "Investors want to get additional compensation to take on that additional credit risk," said Lawrence Gillum, chief fixed income…

CME Group, the world's leading derivatives marketplace, announced that the U.S. Securities and Exchange Commission has approved the registration of a new securities clearing house, CME Securities Clearing Inc.. With launch expected in Q2 2026, CME Group will operate CME Securities Clearing to help market participants comply with the SEC clearing mandate…

WASHINGTON- President Donald Trump said on Tuesday he would be announcing his choice to succeed Jerome Powell as head of the Federal Reserve early next year, further teasing out a months-long audition process despite having said he already knows who he will pick to lead the world's most important central bank. Thank you, Kevin, "Trump said at a later White House…

Today, the House Committee on Financial Services, led by Chairman French Hill, held a hearing reviewing how the Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and National Credit Union Administration are aligning their supervisory and regulatory actions with the Committee's goal of streamlining…

After cutting interest rates in September and October, the Federal Reserve should pause at its December meeting to best serve its mandate to accomplish price stability and maximize employment. From September 2023 to December 2024, it added 174,000 jobs monthly, even though the Indigenous population growth and legal immigration could support about 90,000…

Last week saw the price of copper drop slightly, pressured by increasing expectations of a reduction in interest rates by the Federal Reserve and a firmer dollar. On the London Metal Exchange, three-month copper hit $10,780.50 per metric ton, representing a 0.2% increase.  The tightening supply of copper on the global market puts exploration companies like Torr Metals […]