VENTURE CAPITAL POST

The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.

The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.

The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberian tanker for violating the price cap on Russian oil.

Credit card balances in the US reached a new record high of $1.13 trillion, according to data released by the Federal Reserve Bank of New York.

The Iranian-backed Houthi rebels fired missiles at two commercial vessels in the Red Sea on Tuesday, the first attacks since the US and UK launched strikes against dozens of Houthi targets in Yemen over the weekend.

A team of five officials from the US Treasury Department is heading to China this week for economic talks.

Companies purchasing back more of their own shares are expected to boost US stocks this year.

The United States (US) has expanded the list of Chinese tech companies it accuses of working with the military of China.

A British oil tanker was reported to be engulfed in flames in the Gulf of Aden after Houthi rebels hit it with a missile on Friday after transiting the Red Sea.

Treasury Secretary Janet Yellen supported President Joe Biden's economic program, comparing it with that of former President Donald Trump.

Russia's state-owned news agency RIA said the West could lose $288 billion if they decide to confiscate frozen Russian assets to help rebuild Ukraine.

China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.

To avert a looming partial government shutdown, Congress passed a short-term spending bill on Thursday.

The US has put Houthi rebels back on a list of terrorist organizations following the Yemen-based group's attack on another US-operated vessel in the Red Sea region.

The administration of President Joe Biden has claimed credit for the strong retail sales numbers in December, saying, "That's Bidenomics at work."