News list for " Letter to"
US President Donald Trump's attempt to oust Federal Reserve governor Tim Cook early this week raised concerns about the government reshaping the Fed's leadership and pushing for interest rate cuts. "Clearly markets still believe that the Fed's independence in setting monetary policy rates, and in particular operational independence, will be maintained," said IMF first deputy managing director Peter Gopinath in a comment on the relative calm in markets. "I think the reality is more worrisome than...
A number of Nobel laureates in economics jointly sent a letter expressing their opposition, and Summers was even more outspoken: No honest economist would think this bill is a good thing! Click to view...
Finance officials from eight U.S. states have written a joint letter to Tesla's board, questioning the company's current direction and Musk's focus on the challenges facing the company. Officials in California, Illinois and six other states that oversee funds and investments cited Tesla's falling stock price, weaker-than-expected Quarter 1 delivery data, and the use of Tesla...
In a letter to congressional leaders, Janet Yellen, Treasury secretary, said the Treasury expected the US to hit the debt ceiling as early as January 14-23, 2025, and that "extraordinary measures" might be needed to avoid the federal government falling into default. Risk assets ended weaker just before the letter was released. US stocks fell, with the Standard & Poor's 500, Nasdaq 100 and Dow Jones Industries Average all down about...
On November 7th, Leonidas, the founder of Runestone, released an open letter to Coinbase on the social platform X. Leonidas pointed out in the letter that although Coinbase CEO Brian Armstrong announced the implementation of the "free listing" policy on November 2nd, the DOG community tried many times to communicate with Coinbase without a response. He stressed that DOG is the number one meme coin on the Bitcoin network, with a market value of 980 million US dollars, and it is completely depende...
In a recent letter to The Economist, Robert Kennedy Jr. said that bitcoin mining is a powerful new tool to support renewable energy-intensive power grids. He pointed out that while the power grid is facing pressure from manufacturing, electric vehicles and data centers, the electricity consumption pattern of bitcoin mining is different from traditional electricity consumption and can have a positive impact on the grid. Kennedy stressed that...
On July 6th, according to foreign media reports, a group of top business leaders is stepping up pressure on Biden, using a joint letter to urge him to drop his re-election bid. A copy of the joint letter shows that as many as 168 signatories, including Christy Walton, Michael Novogratz and Paul Tagliabue, said that American democracy will face a major test in November. The signatories praised Biden, 81, for "saving our democracy from the most serious threat since the Civil War", however, "to ens...
