Author: Leslie Stewart

WASHINGTON – President Donald Trump has pardoned Binance founder Chao Changpeng, who served time in prison for creating the world’s largest cryptocurrency exchange and failing to prevent criminals from using the platform to transfer funds related to child sexual abuse, drug trafficking and terrorism. The pardon concludes a month-long effort by Zhao, a billionaire and one of the industry’s biggest names, commonly known in the crypto world as CZ. He and Binance were major backers of some of the Trump family’s crypto companies. “I am deeply grateful to President Trump for today’s pardon and for upholding America’s commitment to equity,…

Jason Doy | E+ | Getty ImagesAmid recession fears, government shutdowns, and tariff uncertainty, consumers are increasingly diversifying their spending.While wealthy Americans are gaining purchasing power, lower-income Americans are beginning to retreat, commonly referred to as the “K-shaped” economy. Friday’s Consumer Price Index report could shed further light on the pressures facing widespread parts of the country.The CPI report, which measures price changes for various goods and services, was originally scheduled to be released nine days early but was delayed due to the government shutdown. The report will not include data related to the government shutdown, but will provide information…

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On February 13, 2025, US President Donald Trump and Indian Prime Minister Narendra Modi meet in the Oval Office of the White House in Washington, DC.Jim Watson | AFP | Getty ImagesIndian media outlet Mint reported on Wednesday that the United States could significantly reduce tariffs on Indian exports as the two countries move closer to a trade deal that could see New Delhi cut oil purchases from Russia.As part of the trade deal, the U.S. government could reduce tariffs on Indian exports to 15% to 16% from the current 50%, the Mint reported, citing three anonymous sources familiar with…

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A customer checks out at a supermarket in New York City on August 12, 2025. Liao Pan | China News Service | Getty ImagesThe September Consumer Price Index report, due out on Friday, will draw significant attention from financial markets, even as some investors view the data with skepticism.The Bureau of Labor Statistics has already come under scrutiny for its wide-ranging data releases this year, and the government shutdown that has hit Washington, D.C., will only heighten concerns from some on Wall Street about whether the inflation numbers tell the whole story.”Skeptics like me are going to be looking at…

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