GameStop confirmed speculation that it would be spending some of its cash reserves on Bitcoin in an SEC filing yesterday.
Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he's uncertain about the effect of President Donald Trump's tariffs on the U.S. economy, with the possibility that they could push up prices arguing for higher interest rates, and the chance that they could slow economic growth calling for reducing borrowing costs. Together those forces are "kind of a wash," he told the Detroit Lakes Chamber Economic Summit, meaning that the Fed should "just sit where we are for an extended period of time until we get clarity." Kashkari's comments reflect what appears to be a widely held view at the Fed that there is no rush to cut rates, as Fed Chair Jerome Powell also signaled last week after the central bank held short-term interest rates in the 4.25%-4.5% range.
Over the past six months, Royalty Pharma has been a great trade. While the S&P 500 was flat, the stock price has climbed by 17.3% to $33.06 per share. This performance may have investors wondering how to approach the situation.
U.S. oil and gas activity increased slightly in the first quarter, but energy company executives were pessimistic about the sector's outlook, wary of new trade policies from President Donald Trump's administration, a Dallas Fed survey showed on Wednesday. Trump has promised to unleash U.S. energy dominance, declaring a national energy emergency on his first day in office. Trump imposed tariffs on steel and aluminum on March 12 and more tariffs could be coming on April 2.
(Bloomberg) -- Romania is selling international bonds for the second time this year to help finance its budget deficit amid political turmoil before the presidential election. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe eastern European nation plans to
DeFi’s ethos — permissionless access, composable assets and real-time settlements — are a perfect solution to private credit’s most significant pain points.
A better user experience can be created by having fintech at the front and DeFi at the back, also known as a “DeFi mullet.”
Short interest on the Nasdaq rose about 2.2% in mid-March, the exchange said in a statement released late on Tuesday. As of March 14, short interest rose to about 15.66 billion shares, compared with 15.33 billion shares at the prior settlement period, which was Fed. Investors who sell securities 'short' borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
(Bloomberg) -- An index of big US bank stocks extended a rally for the ninth straight day on Wednesday, putting it on track to match the longest winning streak on record.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe KBW Bank Index jumped as much as 1.2%
Rep. Bryan Steil told the DC Blockchain Summit that the House's stablecoin bill is seeking to "close the gap" with the Senate's that already moved through committee.
