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☆ Dollar steady as sticky inflation dents rate cut expectations
▼ + stars: | 2024-02-19 | by ( ) www.cnbc.com time to read: +3 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained rooted near the psychologically key 150 per dollar level. Chandler said there appears little on the charts to deter a test to last year's low of 152 per dollar level. Several Fed officials including Christopher Waller and Raphael Bostic are also due to speak this week. The Australian dollar rose 0.29% to $0.655, while the New Zealand dollar advanced 0.34% to $0.614.

Persons: Marc Chandler, Chandler, Christopher Waller, Raphael Bostic, Christopher Wong, BOE Organizations: Engraving, Federal Reserve, of Finance, Bannockburn Global, Data, Citi, Investor, Bank of England's, New Zealand Locations: United, Washington, Bannockburn, Bannockburn Global Forex

☆ 7 scientific breakthroughs that resulted from Napoleon's invasion of Egypt
▼ + stars: | 2023-12-02 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +12 min

Then, after a series of defeats in Egypt, Napoleon returned to France in 1799 and left many of the scientists stranded. At the time of Napoleon's invasion, travelers had long known of Alexandria, Cairo, and other parts of Lower Egypt. Just 21 and a botanist by training when he arrived in Egypt, Savigny collected invertebrates like worms, bees, spiders, snails, and flies. The Rosetta Stone helped Champollion discover how to decipher hieroglyphsFor centuries, no one could read hieroglyphs, the pictorial writing that covered many Egyptian monuments. When the French found the Rosetta Stone during their invasion, they knew it could serve as a kind of translation key.

Persons: Napoleon, —, Napoleon Bonaparte, Egypt that's, Claude, Louis, Berthollet, natron, Werner Forman, savants, Sand, Dominique, Vivant, Denon, Karnak, he'd, Savigny, Jules, César Savigny, De Agostini, Getty Images Savigny, Etienne Geoffroy Saint, Hilaire, Geoffroy, Charles Darwin, Evon Hekkala, Crocodylus, John Vetch, Vetch, Rosetta Stone, Champollion, Rosetta, Jean, François, Nicolas, Jacques Conté Organizations: Service, Institut, West, Universal, Egypt wasn't, Art Media, Getty Images, Getty, Science, Society Picture Library, Europe, France's, British Museum, Fox, Cairo . Science Locations: Egypt, Cairo, France, Natron, Limestone, Wadi El Natrun, Upper, Lower Egypt, Alexandria, Edfu, Thebes, Esna, Paris, Egpyt, Europe

☆ Dollar hangs at three-month low as traders eye PCE data
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: +3 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The dollar index , a measure of the greenback against a basket of currencies, was last at 103.11, its lowest since Aug. 31. The dollar was track for a loss of more than 3% in November, its worst performance in a year. Market expectation that the Fed's rate increase cycle has finally come to an end has also put downward pressure on the greenback. PCE tops off a slew of other key economic events this week, including Chinese purchasing managers' index data and OPEC+ decision.

Persons: Kyle Rodda, Tony Sycamore Organizations: Engraving, The U.S, Federal Reserve, Reuters, greenback . U.S, Fed, Traders, Australian, Reserve Bank of New, Bank of Japan, IG Locations: United, Washington, The, U.S, OPEC, Reserve Bank of New Zealand

☆ A record number of $50 bills were printed last year. It’s not why you think
▼ + stars: | 2023-11-18 | by ( Sergio Padilla | ) edition.cnn.com time to read: +5 min

New York CNN —Unless you’re an avid currency collector, an employee of the Bureau of Engraving and Printing, or work at the Federal Reserve, you likely didn’t know that last year a record number of $50 bills were printed. Last year, the government printed 756,096,000 of those bills — the highest total of the denomination printed in one year in more than 40 years. In 2019, only 3.5% of all US bills printed were $50s. To understand why so many $50 bills were printed, it’s important to know how the system of printing money works. But, more likely, and more realistically, people tend to avoid using $50 bills due to them being confused with $5 or $20 bills and many stores not accepting bills larger than $20.

Persons: Ken Cedeno, Ulysses S, Grant, wasn’t, Patrick McHenry, Ronald Reagan, Bugsy Siegel Organizations: New, New York CNN, Engraving, Federal Reserve, Yum Brands, Inc, Eccles Federal, Washington DC, Fed, San Francisco Fed, US, North Carolina Republican, Centers for Disease Control Locations: New York, Washington, North Carolina, Vegas, United States

☆ Here's how to tell if your old $2 bills are worth anything
▼ + stars: | 2023-11-10 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Now, the United States Currency Auction, which allows people to sell rare US currency, lists some $2 bills as worth upwards of $4,500. But how can you tell if you have a valuable bill or a common one that isn't worth much? Bills that have red, brown, or blue seals printed between 1862 and 1917 could be worth up to $1,000, per IndyStar. Other serial numbers that would interest collectors are "solid" or "ladder" serial numbers. Solid serial numbers are all the same digit, and ladders have digits in ascending order, per MarketWatch.

Persons: —, you've, Thomas Jefferson, Dustin Johnston, Johnston, they've Organizations: Service, US, of Engraving, United States Currency, Bills, Heritage Auctions Locations: Monticello, Independence

☆ Dollar eases as traders bet Fed done with rate hikes
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: +3 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The index is on course to clock a 0.3% drop for the week, just its third week of losses since July. The European Central Bank last week snapped a streak of 10 straight rate increases, with the discussion shifting to how long the rates would stay high. The Japanese yen was 150.41 per dollar, keeping traders nervy and looking for signs of intervention from Japanese authorities. The Australian dollar eased 0.19% to $0.642, while the New Zealand dollar fell 0.24% to $0.588.

Persons: Tapas Strickland, Flavio Carpenzano, Isabel Schnabel, Kazuo Ueda, Sterling Organizations: Engraving, U.S . Federal, NAB, Investor, Analysts, Fed, ECB, Investment, Capital Group, European Central Bank, Bank of Japan, Reuters, Bank of England, New Zealand Locations: United, Washington, U.S

☆ One family’s battle to be reunited with art looted by the Nazis
▼ + stars: | 2023-10-02 | by ( Aurore Laborie | ) edition.cnn.com time to read: +14 min

The lawyer — Laurence Eisenstein, whose firm works to recover artwork looted by the Nazis — said he’d been speaking to a British scholar who’d come across the name René Gimpel in art collectors’ archives. Thousands of objects lost or lootedAs well as being a famous gallerist of his time, René Gimpel was a very well-connected man. Captured sometime between 1916 and 1933, it showed the three Derain paintings in question hanging on the art dealer’s wall. In 2020, seven years after they began their fight, the Gimpel heirs were finally reunited with the three Derain paintings. Dumas said this is often not the case for Jewish families trying to recover their ancestors’ stolen art.

Persons: Claire Gimpel’s, — Laurence Eisenstein, —, he’d, who’d, René, Eisenstein, Claire, Ian Locke, ” Claire, he’s, André Derain, Claude Monet, René Gimpel, Clarisse Vuitton, Louis Vuitton’s, Monet, Georges Braque, Henri Matisse, Pablo Picasso, Marcel Proust, Johannes Vermeer, ”, Monte, Odile Firer, — René, — Locke, Hôtel Doucet, ’, “ I’m, Palais Bourbon —, Locke, “, Crécy, Corinne Hershkovitch, ” Hershkovitch, Sarah Tilotta, Margaux Dumas, Diderot, Derain, Benoît Payan, Payan, Dumas, Marseille's, Benoit Payan, Gimpel, Alain Robert, SIPA, They’re Organizations: France CNN —, CNN, Gestapo, Europe —, Palais Bourbon, Chapelle, Ministry of Culture, French Ministry of Culture, University Paris, Technical University Berlin, Smithsonian Archives, American Art, Mayor, French Ministry of, Belgium ”, ” Locations: Paris, France, British, French, Gimpel, Vichy France, Cannes, French Vichy, Neuengamme, Hamburg, Europe, Spontini, German, Nice, Troyes, Marseille, René’s Paris, Vichy, Belgium

☆ $10,000 bill from Great Depression era sells for $480,000 at auction
▼ + stars: | 2023-09-20 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —A rare $10,000 bill dating back to the Great Depression has sold for $480,000 at auction. Issued in 1934, the Federal Reserve note was certified by Paper Money Guaranty (PMG) and was Exceptional Paper Quality (EPQ) graded, according to Dallas-based auction house Heritage Auctions. A rare 1899 double eagle $20 gold coin featuring a portrait of the head of Liberty topped the Coins auction. Heritage AuctionsTopping the house’s parallel coins auction was a rare 1899 double eagle $20 gold coin featuring a portrait of the head of Liberty. Only 84 coins of its kind were issued, and only about 30 are thought to still be around, according to the auction house.

Persons: Lincoln’s, Salmon, “, ”, Dustin Johnston, ” Johnston, Todd Imhof Organizations: CNN, Money Guaranty, Treasury, Heritage, Federal, Museum of American Finance, US, of Engraving, Liberty Locations: Dallas, Boston

In 2022 the bond market crash saw the value of central banks' Treasuries holdings plunge by $435 billion, Bertaut and Judson's estimates show. This doesn't suggest central banks are dumping Treasuries, be it for financial or political reasons. What's more, these figures don't account for what analysts describe as stealth or shadow central bank demand not included in the official data. Reuters Image Acquire Licensing RightsIt is undeniable, however, that the collective central bank footprint in the Treasuries market is nowhere near what it used to be. For now, central banks are still buying, just not as much as they used to.

Persons: Abraham Lincoln, Gary Cameron, chunky, Carol Bertaut, Ruth Judson, That's, Steven Englander, Judson, Lehman Brothers, Jamie McGeever, David Holmes Organizations: Engraving, REUTERS, Rights, U.S, of America, Bank of America, BANK, Standard Chartered, Treasuries, Fed, ICE, Treasury, Reuters, Thomson Locations: Washington, Rights ORLANDO , Florida, Beijing, China, Saudi Arabia, American Republic, North America, Belgium

☆ Dollar steady before Fed minutes, yen hovers below intervention zone
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: +2 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The dollar index, which measures the currency against a basket of six major peers, including the euro and yen, was little changed at 103.02, after tracking between 103.75 and 102.75 since early June. The dollar hovered about half a yen below the 145 level that spurred intervention by Japanese authorities last autumn, after last week briefly popping as high as 145.07 for the first time since November. Australia's dollar was flat at $0.6690, holding on to the previous day's 0.32% advance. The yuan was little changed at 7.231 per dollar in offshore trading, following a 0.3% rise on Tuesday as it continued its rebound from last week's eight-month low of 7.2857.

Persons: Europe's, Shusuke Yamada Organizations: Engraving, Federal, Treasury, Bank of America, Ministry, Finance, Aussie, Reserve Bank of Australia Locations: United, Washington, Tokyo, Beijing

☆ U.S. government posts $378 billion deficit in March
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Gary CameronApril 12 (Reuters) - The U.S. government recorded a $378-billion budget deficit in March as outlays outpaced revenues, the Treasury Department said on Wednesday. That compared to a budget deficit of $193 billion in the same month last year, according to the Treasury's monthly budget statement. Analysts polled by Reuters had forecast a $302 billion deficit for the month. When adjusted for calendar effects, the deficit for March was $305 billion compared with an adjusted deficit of $187 billion in March 2022. Unadjusted receipts last month totaled $313 billion, down 1% from $315 billion in March 2022, while unadjusted outlays were $691 billion, an increase of 36% from the same month a year earlier.

☆ Savers poised for 'biggest win' in 2023 as inflation falls. Where to put your cash now
▼ + stars: | 2023-02-06 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Xavier Lorenzo | Moment | Getty ImagesAs interest rates go up, 2023 is shaping up to be a good time for savers who stand to earn more money on their cash. As the unemployment rate hit a 53-year low in the latest jobs report, the interest rate increases are expected to keep coming. Online savings accounts tend to pay the highest rates, with rates like 4% or 4.5% becoming more common. Series I bonds have 'become a better deal'Series I bonds are accrual type savings bonds tied to inflation that are issued by the government. If you cash in the I bond in the first five years, you will lose three months' interest, McBride said.

☆ The contender for tech's next big boom or bubble is here
▼ + stars: | 2023-01-13 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

It's the hunt for big paydays that keeps VC markets a little frothy when new tech like generative AI hits the scene. And a bubble is only a bubble in the rear-view — in the moment, it's just making sure you don't miss out on the future. Generative AI tools can be used to create a variety of texts and images like this one, which was produced by OpenAI's DALL-E 2. But could generative AI be the next bubble in tech? Click here to read whether the next tech bubble is already here.

☆ U.S. prints its first-ever currency with two women's signatures on them
▼ + stars: | 2022-12-08 | by ( ) www.nbcnews.com time to read: +3 min

U.S. Treasury Secretary Janet Yellen will honor fellow pioneers when she presides over Thursday’s unveiling of the first U.S. banknotes printed with two women’s signatures, while calling for “much more” work to advance equity for women and minorities. The Fort Worth facility — one of two in the United States — prints over 50% of U.S. paper currency each year. “We’ve made progress in providing greater economic opportunity for women at Treasury and in the economics profession. It means a lot to me and my colleagues that she will be the first female Treasury secretary with her signature on the dollar note,” she said. “It represents that we are finally getting the insight from important parts of our economy and our society,” she said.

☆ Yellen honors fellow pioneers as U.S. prints first banknotes with two women's signatures
▼ + stars: | 2022-12-08 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

FORT WORTH, Texas, Dec 8 (Reuters) - U.S. Treasury Secretary Janet Yellen will honor fellow pioneers when she presides over Thursday's unveiling of the first U.S. banknotes printed with two women's signatures, while calling for "much more" work to advance equity for women and minorities. The Fort Worth facility - one of two in the United States - prints over 50% of U.S. paper currency each year. "We’ve made progress in providing greater economic opportunity for women at Treasury and in the economics profession. But we know that much more needs to be done," Yellen said in remarks prepared for the event. "It represents that we are finally getting the insight from important parts of our economy and our society," she said.

☆ Yellen sees her signature printed on US bills for the first time
▼ + stars: | 2022-12-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +4 min

Yellen became the latest Treasury secretary to sign US currency and the first woman Treasury secretary to have her signature on a US banknote. It’s been tradition for more than a century that both the US treasurer and the Treasury secretary sign currency to make the bills legal tender. The newly printed bills feature the signatures of “Lynn Roberge Malerba” and “Janet L. Yellen,” both written in clear, legible script. U.S. Treasury Secretary Janet Yellen and U.S. Treasury Chief Lynn Malerba sign banknotes. Currency, Yellen said, “plays a critical role in our economy” but also “has a deeper social purpose.”“Currency is something we use and we touch every day.

☆ Yellen honors pioneers as U.S. prints first banknotes with women's signatures
▼ + stars: | 2022-12-08 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

REUTERS/Shelby TauberFORT WORTH, Texas, Dec 8 (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday hailed fellow pioneers during the unveiling of the first U.S. banknotes printed with two women's signatures, while calling for "much more" work to advance equity for women and minorities. Seeing the bills for the first time, Yellen told Malerba: "Oh my gosh. Asked how she felt, a beaming Yellen told reporters: "Excited. But we know that much more needs to be done," Yellen told printers after a tour of the 675-person facility. It means a lot to me and my colleagues that she will be the first female Treasury secretary with her signature on the dollar note," she said.

☆ U.S. Treasury's Yellen 'practiced and practiced' her signature for U.S. bills
▼ + stars: | 2022-12-01 | by ( Ashitha Shivaprasad | ) www.reuters.com time to read: +2 min

[1/2] U.S. Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the U.S. Treasury Department in Washington, U.S. July 28, 2022. REUTERS/Jonathan Ernst/File PhotoNEW YORK, Dec 1 (Reuters) - U.S. Treasury Secretary Janet Yellen said she "practiced and practiced" writing the signature that will soon adorn U.S. dollars in order to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew. "I knew this was something you could really screw up and I wanted to get it right, and I practiced and I practiced," Yellen told CBS's late-night comedian Stephen Colbert on Wednesday. "I am going to see the first sheets of currency that have been printed with both of our names," Yellen said. Dollar notes have been printed since Yellen took office in early 2021 with former Treasury Secretary Steven Mnuchin's signature on them.

☆ Yellen to Colbert: ‘I practiced and I practiced’ signature for US currency
▼ + stars: | 2022-12-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

Minneapolis CNN Business —Sheets of dollar bills rolling off the presses at the Fort Worth Bureau of Engraving and Printing will soon bear the signature of US Treasury Secretary Janet Yellen. “And I practiced, and I practiced.”In her first time as a guest on the late-night talk show, Yellen chatted inflation, economic uncertainty and the chicken scratch of the Treasury Secretaries who came before her. Treasury Secretary Janet Yellen talks on November 30 with Stephen Colbert, host of the "Late Show with Stephen Colbert," about her signature that will appear on US bills. It’s been tradition for more than a century that both the US treasurer and the Treasury secretary sign currency to make them legal tender. Beyond the banter about handwriting, Yellen earlier in the conversation discussed inflation and fielded questions about whether a recession is imminent.

☆ Why the Fed may finally loosen its grip
▼ + stars: | 2022-12-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The Fed should be pleased that its aggressive rate hikes in the past few months are having their desired effect, and they can ease up a bit. After four giant three-quarter-point hikes in a row, all signs point to Fed Chair Jay Powell announcing a half-point bump later this month. BIG PICTUREIt’s taken most of the year, but the economy appears to have made it over the mountain of inflation and aggressive rate hikes, according to Peter Boockvar, chief investment officer at Bleakley Financial Group. But while 200,000 is nothing to sniff at, it’s still not soft enough for the Fed to pause its rate hikes. However, markets may cheer the fact that it’s low enough for the Fed to hike at a less aggressive pace than we’ve seen in recent months.

☆ Why it's time to start paying with $2 bills
▼ + stars: | 2022-09-17 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com time to read: +7 min

So wouldn't it make more sense to start paying with $2 bills instead? BEP doesn't have to request new $2 bills each year, like it does for other bills. Bad luckThe United States first issued $2 bills beginning in 1862, around the time the federal government first started printing paper money. It's also more efficient to print $2 bills than $1 bills because the Treasury can print twice as much for the same amount of money and requires less storage. In short, he concludes, $2 bills are underappreciated in the United States and a way for strangers to meet and engage.

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