Cryptocurrency firm Bullish files for US IPO
Uncertainty surrounding President Donald Trump's tariff policies slowed down the IPO market amid heightened volatility, but sentiment is shifting as new listings gain traction.
Bullish is expected to list on the NYSE under the symbol "BLSH".
J.P Morgan, Jefferies and Citigroup are among the underwriters for the offering.
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The Guardian
40 minutes ago
- The Guardian
Feeling flush? Americans can Venmo government to help pay off US debt
John F Kennedy's sage words from his inaugural address are forever seared into America's political consciousness: 'Ask not what your country can do for you – ask what you can do for your country.' Six decades and some change later, the United States Treasury is keeping Kennedy's spirit alive by offering Americans with a few dollars collecting dust in their Venmo balance a chance to fulfill a new patriotic duty: helping pay off the national debt. The US treasury department has long had a 'Gifts to Reduce the Public Debt' page available for those that dislike traditional charity, feel like they don't pay enough in taxes, or simply want to help the country stay No 1 in an eclectic list of superlatives that includes military spending, Olympic gold medals, prison population, corn subsidies, and healthcare costs. But the new-age, Gen Z-friendly method of payment is a recent addition, first flagged on Twitter by Planet Money's Jack Corbett. A bipartisan punching bag that trades sides of the aisle depending on who's in office and who needs funds earmarked for projects in their state, concern over the national debt is one of few issues that Democrats and Republicans can unite on. Also bipartisan is the debt's growth, which has increased every year since 2001, when it sat at $10.28tn. As of this writing, the debt has ballooned to $36.72tn. America is on track to continue the trend, with the Congressional Budget Office estimating that Trump's Big Beautiful Bill will add $3.4tn to the debt over the coming decade. It is unclear how much money Trump and Elon Musk's 'Doge' saved, although analysis estimates the number at under the advertised $180bn, and a far cry short of the initially advertised $2tn. The federal government spent $6.75tn in Fiscal Year 2024 while collecting $4.92tn in revenue. Highlights of past and present government spending include the $151bn procurement process for the Trump administration's Golden Dome missile defense project, over $2tn on Lockheed Martin's long delayed F-35 fighter jet, and roughly $800bn in annual spending on the Pentagon, which recently failed its seventh audit in a row. Kind-hearted Americans have gone above and beyond their regular tax-paying duties contributing around $67.3m since 1996. That's enough to fund 20 minutes of the US government's spending habit. If Americans could dig into their couch cushions, eat less takeout, and tighten their belts, they might be able to tackle the problem once and for all. It would only take about $107,000 per person, payable via ACH, Paypal, credit or debit card, and now, Venmo.
Daily Mail
an hour ago
- Daily Mail
Trump ally says AI could erase entire job categories
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Daily Mail
2 hours ago
- Daily Mail
House price drop imminent across America
Buyers are walking away from home purchases in record numbers, causing complete chaos in the US housing market . In June, over 57,000 home sales across the country were abruptly canceled , equaling a staggering 14.9 percent of homes that went under contract, according to a report from Redfin. That number is an uptick from 13.9 percent of sales which collapsed this time last year. It's also the highest June figure ever recorded since Redfin began tracking cancellations in 2017, and the Sun Belt has become ground zero for cancelled deals. It's all down to the buyers, who currently hold the power in the real estate market. With a surplus of sellers flooding the market and far fewer buyers, Americans looking to buy now have the upper hand, and it seems they're taking full advantage of it. The soaring cost of homes, home repair and near-record mortgage payments are also giving Americans cold feet. Some buyers simply balk when they see the reality of their future monthly bills. 'I've also heard of some buyers backing out because they're hoping home prices or mortgage rates are going to plummet soon, even though that's unlikely,' Zschirnt said. There are also budding homebuyers rattled by bigger picture issues like economic uncertainty, tariffs, stubborn inflation and fears of a looming recession. Meanwhile, sellers are scrambling to keep deals alive. 'Sellers are willing to make deals because in today's buyer's market, they don't want to lose out on a sale once they have a buyer under contract,' said Van Welborn, a Redfin Premier agent in Phoenix. 'A few years ago, when the market was more competitive, sellers were able to tell buyers to move on rather than pay for repairs found during the inspection period. 'Now, sellers are doing whatever they can to close the deal. I have one buyer who discovered a septic issue on an ultra-luxury home and was able to talk the seller into reducing the price by $1 million.' The majority of cancelled deals are found in the Sun Belt. Redfin links the spike to heavy new construction in those regions - meaning even more choices for buyers - as well as skyrocketing insurance costs driven by natural disasters. At the other end of the spectrum, Nassau County, New York, saw just 5.4 percent of deals fall through, making it the lowest in the country. That was followed by Montgomery County, Pennsylvania, with 6.8 percent of cancellations and Milwaukee with 8.2 percent. Despite those areas remaining strong, cancellations are rising nearly everywhere else across the US. Only seven metro areas saw a drop compared to last year, but the changes were minimal. Fort Lauderdale had the biggest decline, with 16.5 percent of deals canceled down from 17.7 percent, followed by Denver with 16.2 percent down from 17.2 percent.
