The Fed is bracing for ‘Trump 2.0’ and a deluge of fiscal policy shakeups, economists say
Federal Reserve chair Jerome Powell said he was uncertain as to how Trump’s proposed policies would impact the economy.
Dogecoin's 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood
“We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note.
Meloni Era Is Lifting Italy’s Curse of Forever Doubtful Markets
(Bloomberg) -- Giorgia Meloni keeps managing a feat that her predecessors as Italian prime minister long struggled with: earning ever greater trust from investors.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalReviving a Little-Known Modernist Landmark in BuffaloAs the premier approaches the end of her second full year in
Stock market today: Dow breaks 10-day losing streak but stocks struggle to claw back losses after Fed sell-off
The Dow managed to narrowly snap a 10-day losing streak, giving up most of its earlier gains to end slightly higher after Wednesday's 1,100-point drop.
China's Hottest Stock Rockets 370% on Craze for Collectibles
(Bloomberg) -- In a Vanity Fair video last month, Lisa, a member of mega K-pop band Blackpink, shared her obsession with toys from Chinese company Pop Mart International Group Ltd. Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalRescuing a Little-Known Modernist Landmark in Buffalo“I go crazy. It’s like I spent all my mone
The Fed is the only thing standing between investors and a full-blown stock bubble, UBS says
The Fed would need to lower interest rates by another 100 basis points for the final ingredient of a bubble to be added to the mix, UBS says.
Tokyo inflation likely accelerated on suspended energy subsidies: Reuters poll
The expected pickup could prod the Bank of Japan, which decided to keep interest rates unchanged at 0.25% on Thursday, to raise borrowing costs in the new year. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide price trends, was expected to have sped up to 2.5% year-on-year in December from 2.2% in November, the median forecast of 17 economists showed. "With the end of the subsidies for electricity and city gas provided by the government, energy prices are expected to rise, pushing up the core CPI significantly," said analysts at SMBC Nikko Securities.
Crypto Market Sees $1.2 Billion in Liquidations as Bitcoin, Dogecoin, XRP and Solana Face Double-Digit Losses
Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses.
Solv Protocol Secures Spot on Hyperliquid’s Exchange in $130,000 Auction, Expands Bitcoin DeFi Reach
Hyperliquid, a decentralized layer-1 blockchain specializing in trading, is set to list Solv Protocol’s native token, SOLV.
Bitcoin Miners MARA and Hut 8 Acquire Over 16,500 Bitcoin in $1.63 Billion Investment
MARA and Hut 8, two major publicly traded Bitcoin mining firms, announced significant Bitcoin acquisitions on Dec. 19, 2024.