Finance

**Treasury’s 2024 Strategy:** How Automation & Innovation Will Combat Illicit Finance

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Washington, DC – The Treasury Department’s 2024 national illicit finance strategy focuses on closing regulatory gaps to combat money laundering in the American banking system. Released on May 16, 2024, the strategy emphasizes the ongoing efforts to strengthen the country’s anti-money laundering and countering the funding of terrorism framework. The Department outlined its 2024 “National Strategy for Combatting Terrorist and Other Illicit Financing,” highlighting its commitment to fighting illicit financial activities, particularly in the cryptocurrency …

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Inflation Eases: Housing Costs Rise at Slowest Rate in Years, Data Shows – Yahoo Finance

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Phoenix, AZ – As economic data shows signs of improvement, the Federal Reserve remains cautious on making any cuts to interest rates. While there are indications of cooling in the economy, it goes beyond just the Consumer Price Index (CPI). In April, the CPI provided some relief, but Bank of America still predicts the first rate cut by the Fed will occur in December. Grocery prices in the United States are finally starting to drop …

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Stock Market Rebound: Powell Sticks to Rate Cuts Script – Yahoo Finance

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New York, NY – After a tumultuous period in the stock market, investors were relieved as Federal Reserve Chair Jerome Powell reaffirmed the central bank’s commitment to supporting the economy through appropriate monetary policy measures. This was a much-needed reassurance as concerns about the impact of escalating trade tensions and slowing global growth weighed heavily on investors’ minds. Asian shares experienced a boost as Wall Street showed signs of recovery following recent losses. The positive …

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Nasdaq Hits Fresh Highs as Nvidia Tops $2 Trillion Market Cap – Yahoo Finance

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New York, NY – The stock market surged to new heights as the S&P 500 and Nasdaq hit record highs, with Nvidia reaching a market value of over $2 trillion. This rally is continuing to gain momentum, showcasing the resilience of the market in the face of various economic challenges. Despite recent uncertainties and fluctuations in the market, investors saw significant gains as stocks ended higher on Friday, with the S&P 500 and Nasdaq closing …

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