macroeconomy

Larry Fink Warns Unchecked US Debt Could Undermine Dollar’s Global Status

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BlackRock CEO Larry Fink has cautioned that rising U.S. debt obligations could pose long-term risks to the dollar’s dominance, warning that uncontrolled debt payments may erode confidence in the world’s reserve currency. His remarks come amid growing concerns over the trajectory of U.S. fiscal deficits and interest costs. Fink suggested that if debt servicing costs … Read more

El Salvador Adds $50 Million in Gold to National Reserves Amid Diversification Push

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El Salvador has purchased approximately $50 million worth of gold, according to officials familiar with the decision, marking a notable move to diversify the country’s reserve assets beyond traditional currencies. The acquisition comes as governments worldwide reassess reserve strategies amid persistent inflation risks and global economic uncertainty. International media reports indicate the purchase was made … Read more