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The exterior of a Dollar General convenience store is seen on March 16, 2023 in Austin, Texas.Brandon Bell | Getty ImagesDollar General is in settlement talks with federal regulators after the discount retailer was labeled a "severe violator" of workplace safety rules, according to a spokesperson for the Occupational Safety and Health Administration.The spokesperson said the "mandatory settlement proceedings" before the agency's review commission would occur "pursuant to Commission rules." OSHA is part of the Department…

Elon Musk, the billionaire founder of SpaceX, on Friday denied a media report from earlier this week that said investors from Saudi Arabia and the United Arab Emirates were planning to invest in a multi-billion dollar funding round in the company.A unit of Saudi Arabia's investment fund and an Abu Dhabi-based company are planning to invest in a multi-billion dollar funding round for SpaceX, the Information had reported on Wednesday, citing people familiar with the discussions.Musk tweeted "not true" responding to the…

The major central banks of the world will step up so-called swap line operations, which give non-US central banks greater access to dollars. Markets have been riled by the failure of Silicon Valley Bank and fear of a shortage of liquidity as interest rates are raised to fight inflation.…

Dollar General Corp. DG -0.86% plans to pour an additional $100 million into its stores, primarily in staffing levels, as it looks to attract more bargain-hunting shoppers from rivals. Chief Executive Jeff Owen said Thursday the investment in additional labor hours looks to build on its continued sales growth and capture market share by lifting store standards and the in-store shopping experience.…

The abrupt collapse of Silicon Valley Bank has affected the value of the world’s fifth-largest cryptocurrency, increasing fears of a possible ripple effect among Web3 companies. On Saturday morning, USD Coin fell to a record low of $0.87 after Circle, the company that manages the stablecoin, that $3.3 billion of the approximately $10 billion cash reserves backing USDC was held by SVB. As , the drop is unprecedented. As a stablecoin, the value of USDC is supposed to remain stable thanks to its peg to the US dollar.…

Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the U.S. firm behind the coin, revealed that some of the reserves backing it were held at Silicon Valley Bank.Circle has $3.3 billion of its $40 billion of USDC reserves at collapsed lender Silicon Valley Bank, the company said in a tweet on Friday.The coin broke its 1:1 dollar peg and fell as low as $0.88 shortly after 0800 GMT on Saturday according to market tracker CoinGecko. It recovered slightly to trade around…

The Biden administration is working to develop technology to help create a central bank digital currency (CBDC) as the policy debate as to how to do so continues, a Treasury official said Wednesday.  Nellie Liang, Treasury under secretary for domestic finance, gave the update as part of a speech about how the administration is advancing plans for a potential CBDC. A CBDC would be used to issue a digital version of currency, meaning in the U.S. that the Federal Reserve would issue a digital dollar that could…

Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan.Energy exporters are increasingly getting paid in yuan. Russia’s sovereign-wealth fund, a war chest to support government spending burdened by battlefield costs in Ukraine, is using the Chinese currency to store its oil riches. Russian companies have borrowed in yuan, also known as renminbi, and households are stashing savings in it. The Chinese currency’s rise inside Russia deepens…

Binance coin (BNB) powers the Binance ecosystem. It is one of the most popular tokens today, and can be used for various applications. You can use Binance coin (BNB) to settle your transaction feeds on the Binance smart chain, and can also participate in token sales exclusively for members. Will the latest announcement by Binance coin (BNB) affect its value? Read on to learn more. Cardano (ADA) was developed by Jeremy Wood and Charles Hoskinson in 2017, and was one of the largest cryptocurrencies that used…

It's not just international police trying to hold Terraform Labs accountable for a collapse that took $40 billion from investors. The Securities and Exchange Commission has charged Terraform and its CEO Do Kwon with securities fraud for allegedly running a "multi-billion dollar" crypto asset scheme. The blockchain startup purportedly misled investors by falsely claiming that its TerraUSD asset was a stablecoin pegged to the US dollar, with high yields (up to 20 percent). The firm also fooled people by claiming its Luna…