• Jan 09, 2025

Fed Finds New Reason for Confidence in Obscure Inflation Gauge

(Bloomberg) -- Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawWhat Robotaxis Brought San FranciscoNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabout

• Jan 09, 2025

Fed’s Collins Favors More Patience and Fewer Rate Cuts in 2025

(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said she favors fewer rate cuts in 2025 than she had anticipated just a few months ago, following strong employment data and lingering inflation.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawWhat Robotaxis Brought San FranciscoNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roun

• Jan 08, 2025

Wall Street’s riskiest stocks are melting down as retail traders face ‘day of reckoning’

Retail traders who had developed a taste for gambling on speculative stocks were facing a day of reckoning on Wednesday as many of their favorite trades suffered a startling meltdown.

• Jan 08, 2025

The stock market is at the same valuation as when Greenspan made his ‘irrational exuberance’ comment

Stocks by one valuation measure are at the exact same place they were when former Fed Chair Alan Greenspan made his infamous “irrational exuberance” comment.

• Jan 08, 2025

Bitcoin ETFs Suffer $582M Net Outflow, Second-Highest Tally Ever

The ETFs bleed money as renewed U.S. inflation fears dent Fed rate cuts and boost bond market volatility

• Jan 08, 2025

Wall Street Job Losses May Top 200,000 as AI Replaces Roles

(Bloomberg) -- Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes

• Jan 08, 2025

Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux

(Bloomberg) -- Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an omen of deepening jitters around the UK currency. Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?Listen to

• Jan 08, 2025

Outgoing CFTC Chair Rostin Behnam Urges Stronger Cryptocurrency Regulation Before Departure

Rostin Behnam, the outgoing Chair of the U.S. Commodity Futures Trading Commission (CFTC), made his final public remarks on January 8, 2025.

• Jan 08, 2025

Large Bitcoin Holders Accumulate 34,000 BTC Following December Price Dip, Analysts Forecast 2025 Surge

Since December 2024, institutional Bitcoin holders have been purchasing significant amounts of the cryptocurrency, buying more than 34,000 BTC, worth approximately $3.2 billion.

• Jan 08, 2025

SEC Chair Gensler Reflects on Crypto Enforcement Ahead of Departure

Gary Gensler, the outgoing Chair of the U.S. Securities and Exchange Commission (SEC), reiterated his critical view of the cryptocurrency industry, describing it as "rife with bad actors."