Ethereum-to-bitcoin ratio plummets to three-year low as BTC approaches $100,000
With bitcoin fast nearing $100,000, market analysts are closely watching the ETH/BTC price ratio.
Bitcoin’s rally is making some investors nervous about the stock market
Bitcoin’s run toward $100,000 has helped unleash massive gains for shares of a handful of cryptocurrency-adjacent companies. But it’s also raising questions about what it might mean for the rest of the stock market.
Trump’s Treasury Pick Wants Shadow Fed Chair, Maybe Weak Dollar
(Bloomberg) -- Scott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, a shadow chair for the Federal Reserve and maybe a weaker dollar.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesRe
Bitcoin Is Doing Something It Has Never Done Before, and It May Lead to Big Gains
In 2021, the first Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) hit the U.S. market. Following the launch, Morningstar analyst Ben Johnson told investors in no uncertain terms, "These aren't the Bitcoin ETFs you're looking for." The problem with that strategy is that price changes in futures contracts do not always mirror price changes in Bitcoin.
Saudi Arabia Gets First Moody’s Upgrade On Economic Advance
(Bloomberg) -- Saudi Arabia’s sovereign rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge
Cryptos targeted by regulation are soaring on SEC chair's plan to step down
Tokens such as XRP and ADA jumped Friday on news that SEC chairman Gary Gensler planned to step down once Trump returns to the White House.
Trump Picks Pro-Crypto Hedge Fund Manager Scott Bessent for Treasury Secretary
President-elect Donald Trump has nominated Wall Street titan Scott Bessent as Treasury Secretary.
Fed’s Bowman Says Regulators Shouldn’t Rush to Contain AI
(Bloomberg) -- Federal Reserve Governor Michelle Bowman acknowledged the risks created by artificial intelligence but warned that regulators should also be careful not to constrict the development of useful technologies.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police He
US Debt Load Tops Fed’s Survey of Financial Stability Risks
(Bloomberg) -- The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorching Summers Focus Public Anger
Fed survey finds inflation fading as a risk next to debt, trade wars
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun worrying about rising U.S. debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve survey released on Friday. These concerns have also been reflected in recent bond market behavior, with yields on 10-year Treasury notes, for instance, rising sharply over the last two months despite the Fed having cut its benchmark lending rate twice by a total of 75 basis points.