Inflation likely to surge to 3.3% this year: NABE survey
The rise in price pressures will prove short-lived, according to a survey of economists. Still, inflation will likely persist above the Federal Reserve’s 2% target through next year.
The 4 Most Private and Secure Cryptocurrencies
Even though crypto started over a decade ago, many investors who had never thought of buying it are now taking a closer look at the asset class. As the financial press mainly focuses on the most...
OPEC Cuts Oil-Demand Outlook Due to US Tariffs Impact
The Organization of the Petroleum Exporting Countries reduced its oil-demand outlook for this year and next, citing the impact of U.S. tariffs.
Do Kwon's Trial Postponed as Prosecutors Say DOJ Crypto Pivot Not Applicable
Do Kwon's trial was pushed to February as prosecutors were asked about new crypto guidance at the DOJ
Kraken expands beyond crypto, offers U.S. stocks and ETFs trading commission-free
Kraken will now offer commission-free trading for U.S. stocks and ETFs. First available in select U.S. states, it will roll out the services in a phased manner.
Ex-Girardi CFO sentenced to 10 years in federal prison
The former finance chief was also ordered to pay $8.9 million in restitution after helping to build “a web of deceit and manipulation,” according to the court.
Sony Raises PS5 Prices in Europe Due to 'Challenging Economic Environment'
Sony has raised PlayStation 5 prices Europe, Australia, and New Zealand, citing a "challenging economic environment, including high inflation and fluctuating exchange rates."
Fear of unemployment jumps to highest level since the pandemic
Not since the early weeks of the pandemic have Americans been this certain that unemployment will spike.
Photos show reactions at the New York Stock Exchange as Trump's tariff announcements sent markets crashing and soaring
Traders at the New York Stock Exchange had a stressful few days last week amid a trade war driven by President Donald Trump's tariffs.
NY Fed: March near term inflation expects jump amid souring sentiment levels
Americans’ expectations for near-term inflation hit the highest level since the fall of 2023 in March, amid a souring in the public’s assessment of their personal finances and hiring prospects, a report from the Federal Reserve Bank of New York said on Monday. The bank said that in its latest Survey of Consumer Expectations, respondents see inflation a year from now at 3.6%, up from 3.1% in February, matching the same level last seen in October 2023. The sharp increase in near-term expectations came as the projected level of inflation three years from now held steady at 3%, while the forecast for inflation in five years tipped down to 2.9% in March from 3% the prior month.