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[adv] US Social Security, Medicare to run short of funds in 2033, trustees say
The reports released by the U.S. Treasury Department showed that the worsening of Medicare's finances was due to higher-than-forecast near-term expenditures for hospitalizations of Americans over 65 years old.While the Social Security Old Age and Survivors Trust Fund's 2033 depletion year was unchanged from l .... Read More >>
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Iran and Israel trade accusations at UN shipping agency over sea lanes
LONDON (Reuters) -Iran and Israel accused each other of endangering commercial activity in sea lanes around the Gulf and the Red Sea at the UN's shipping agency on Wednesday, as their military conflict escalated. Iran's delegation told a session of the International Maritime Organization's security committee .... Read More >>
US crude inventories fall by most in a year, fuel stocks build, EIA says
DENVER (Reuters) -U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fellà by 11.5 million barrels to 420.9 million barrels in the week ending Jun .... Read More >>
Stablecoins' market cap surges to record high as US senate passes bill
According to CoinDesk data, the market capitalization of stablecoins hit an all-time high of $251.7 billion, up 22% so far this year. Stablecoins are a type of cryptocurrency designed to maintain a constant value, usually via a 1:1 peg with the U.S. dollar. They are commonly used by crypto traders to move fun .... Read More >>
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