If you have a stash of loose coins in a jar sitting on a shelf somewhere, your country needs you. That's because there's a shortage of coins circulating in the U.S. economy these days, brought on by widespread pandemic lockdowns. With stores closed, cash transactions plummeted. Coins that would have...
US Stock Indexes Slide as China's Currency Hits 11-Year Low
NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under...
Facebook's New Currency Plan Is Under Scrutiny in Congress
WASHINGTON — Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve. Congress begins two days of hearings Tuesday on the currency planned by Facebook,...
Facebook's Libra Currency May Flourish in Analog World
NEW YORK — Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra? Facebook's new Libra digital currency is aimed at a huge potential market for financial services — the entire developing world, with billions of people in areas such as India and Sub-Saharan Africa,...
Facebook's Libra Currency Faces Financial, Privacy Pushback
SAN FRANCISCO — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only governments can...
Facebook Plans Its Own Currency for 2 Billion-Plus Users
SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...
Iran's Currency Plunges as New US Sanctions Loom
TEHRAN, Iran — Iran's currency plummeted to a record low Monday, a week before the United States restores sanctions lifted under the unraveling nuclear deal, giving rise to fears of prolonged economic suffering and further civil unrest. Already last month, protesters clashed with police outside parliament in Tehran in three...
Billy Graham's Legacy of Faith, Freedom and Free Enterprise
On Feb. 21, Billy Graham, the evangelical Christian minister who was widely regarded as “America’s pastor,” died at the age of 99. Graham is best known for his global “crusades” – rallies that attracted crowds in the millions – and for the spiritual counsel he provided to American presidents for...
Billy Graham's Legacy of Faith, Freedom and Free Enterprise
On Feb. 21, Billy Graham, the evangelical Christian minister who was widely regarded as “America’s pastor,” died at the age of 99. Graham is best known for his global “crusades” – rallies that attracted crowds in the millions – and for the spiritual counsel he provided to American presidents for...