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  • Mar 20, 2025

XRP jumps after Ripple's CEO says SEC has dropped its case against the crypto currency

The price of XRP jumped more than 8% Thursday after the CEO of cryptocurrency company Ripple said U.S. regulators have dropped its four-year-old case against the company. The Securities and Exchange Commission sued Ripple and two of its executives in late 2020 after they raised $1.4 billion by selling XRP crypto coins. The SEC under the Biden administration held that digital assets like cryptocurrences should be regulated like securities, such as stocks, and should be considered commodities like gold or oil.

  • Mar 20, 2025

Credit Quants Push Strategy That Lured Trillions in Stock Market

(Bloomberg) -- A small group of pioneers is hoping that factor investing, which has grown into a multi trillion-dollar market in equities, can become the next big thing in the world of corporate bonds — particularly with Donald Trump’s agenda sending shock waves across assets.Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans

  • Mar 20, 2025

Fed rate pause: Bank forecasts slower US growth and higher inflation

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.View on euronews

  • Mar 20, 2025

Cryptocurrency exchange Kraken to buy NinjaTrader for $1.5 billion

(Reuters) -Kraken, one of the world's largest cryptocurrency exchanges, said on Thursday it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow it to expand into multiple asset classes and grow its user base. The acquisition comes at a time the crypto industry is optimistic about more relaxed regulation under U.S. President Donald Trump, who courted crypto donors during the election and promised to support the sector. Earlier this month, the U.S. Securities and Exchange Commission dismissed a civil lawsuit accusing Kraken of operating illegally as an unregistered securities exchange.

  • Mar 20, 2025

Morning Bid: Fed soothes as Trump seethes

U.S. stocks took heart from the Federal Reserve's benign actions this week, taking solace in Chair Jerome Powell's relatively sanguine view of the potential inflationary effects of rising trade tariffs and announcements of a sharp slowdown in the Fed's balance sheet unwind. Today I'll discuss the effects of the Fed's statements as well as President Donald Trump's reaction. * The Federal Reserve has signalled it is no rush to cut U.S. interest rates, drawing the ire of President Donald Trump, who demanded in a social media post the central bank "do the right thing".

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