President Donald Trump and his advisors have dismissed falling stock prices, saying they're more focused on the "real economy"—but falling stocks could undermine one of the main forces supporting job growth, economists say.
(Bloomberg) -- Michael Saylor’s Strategy is pulling just about every lever it can to pool cash to build on its mammoth Bitcoin stockpile, planning to sell another stock-like product with a twist: It can’t be converted into shares and is intended to trade forever.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire
Samson Mow says not everyone needs to hold their own Bitcoin keys, but in places with weak rule of law, self-custody is essential.
(Bloomberg) -- Turkish authorities detained President Recep Tayyip Erdogan’s top political rival on corruption charges, triggering a selloff in stocks and the lira. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesIstanbul Mayor Ekrem Imamoglu,
As the institutional demand for such products grows, several trends in adoption are becoming clearer.
Economists expect Fed Chair Jerome Powell to hold off on cutting rates this round due to macroeconomic uncertainties.
U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy Information Administration showed on Wednesday. U.S. crude oil imports from top supplier Canada also fell last week to a two year low of 3.1 million bpd, down 541,000 bpd week-over-week, the data showed.
Russia has a new business elite and radically altered marketplace—and it’s done away with key legal protections.
(Bloomberg) -- Bond investors will look for Federal Reserve Chair Jerome Powell’s Wednesday remarks to keep up the momentum behind a rally in the $29 trillion Treasury market.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesUS government debt ha
(Bloomberg) -- The Federal Reserve needs to make it clear at its policy meeting this week that it may have to cut rates if there are continuing signs that the economy is slowing, according to Mohamed El-Erian.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackThe Scary Thing About the Wildfire That Was StoppedNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fi
