Fannie Mae Set To Accept Crypto As Collateral For Home Loans For First Time

BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation In the first G5 central bank announcement of the week, overnight the Bank of Japan held its benchmark interest rate in a 6-3 vote, despite forecasting a sharp rise in inflation as the war in the Middle East sends commodity prices higher and clouds the global economic outlook while testing Japan's given its exposure to rising energy prices. While the decision on Tuesday to keep rates at about 0.75% was in line with market expectations,...

Judge Rejects States' Attempt To Block Medicaid Work Requirements Authored by Zachary Stieber via The Epoch Times, A federal judge on July 30 declined to block new work requirements for Medicaid recipients that states must implement by Jan. 1, 2027. Judge Richard Stearns of the U.S. District Court for the District of Massachusetts turned down a request for a preliminary injunction made by Massachusetts and 25 other states to block the work requirements as the states’ legal challenge proceeds. Stearns said in a six-page decision that the harms about which the states complained—added...

WTI Holds Losses As Cushing Hits 'Tank Bottoms', US Production At Record Highs Oil prices are testing down to pre-war levels this morning as more tankers cross the Strait of Hormuz and signs of progress in US-Iran peace talks eased fears of an immediate supply crunch. Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about safe passage of the chokepoint, through which about a fifth of global oil supplies transited before the war. The International Maritime Organization also said it had received safety guarantees allowing hundreds of...