Sen. Cruz Says GM Pushed The China Car Ban Provision That Would Also Knock Out Mercedes-Benz

Stablecoin Yields Won't Harm Banks, White House Economists Say Authored by Amin Haqshanas via CoinTelegraph.com, A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of...

After "Fantastic Day" With Xi, Trump Says China Offered Help Reopening Strait Of Hormuz Summary:  Trump says President Xi wants Hormuz reopened, won't give Tehran weapons  Trump, Xi Put Hormuz, Iran, Trade, Taiwan At Center Of Historic Beijing Summit Trump Says China Will Help On Reopening Hormuz  It is nearly midnight in Beijing, and President Trump is still speaking on the record with corporate media, offering additional insight on the first day of the summit and state banquet with Chinese President Xi Jinping. In comments to Fox News, Trump said Xi offered to help pressure...

Inflation Fears Fade As War Drags UMich Sentiment Lower After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected. Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp) Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp) Current Conditions are at their highest level since October while expectations are at their lowest since November. Source: Bloomberg Interviews for this...