The brokerage is expecting two quarter-point rate cuts in June and September, it said on Thursday. "The softer labor market causes us to add another rate cut, despite higher inflation," Barclays analysts said. The brokerage expects demand for workers to diminish along with slowing labor market activity this year.
The main U.S. stock indexes slipped on Thursday as President Donald Trump's escalated tariff rhetoric against the European Union impacted investor sentiment, although cooling inflation provided some relief. In his latest trade salvo, Trump announced a plan to levy a 200% duty on European beverage imports unless the EU removes surcharges on U.S. whiskey. He had previously threatened to penalize the bloc if it imposed retaliatory tariffs on American goods next month.
Bitcoin (CRYPTO: BTC) is going to be held in a United States Strategic Bitcoin Reserve, according to comments by President Donald Trump and an executive order issued on March 6. This is a watershed moment for the coin, and it might be just the first of a series of similar catalysts if other governments around the world follow suit. Per the White House, the new Strategic Bitcoin Reserve will be stocked with Bitcoin that the Department of Treasury came into the possession of via criminal or civil asset forfeitures, as well as via other avenues that do not involve buying it directly.
Germany's fiscal shift will drive billions into infrastructure, energy, and housing, boosting eurozone growth. Goldman Sachs highlights 12 Buy-rated European stocks set to benefit from this economic transformation.View on euronews
Telegram's crypto wallet, developed by a third-party company called The Open Platform (TOP), has introduced new features for people who don't just use Telegram as a messaging app. The updates include multi-asset trading and yield functionalities. Based on the TON blockchain, TOP launched the wallet in 2023. The company reported that over 100 million users have signed up for an account with Wallet on Telegram. Additionally, it noted that most of these users were new to the crypto ecosystem. The w
A stampede of new investors hoovered up bitcoin at lofty prices as crypto fever ran high after Donald Trump swept to victory in the November U.S. presidential election. Now, barely six weeks after Trump was inaugurated, bitcoin has sunk into a bear market, drained by a sell-off in global stocks. A wave of investors that entered the market chasing bitcoin's rally past $100,000, especially those using borrowed money, are feeling the pinch from its decline.
TORONTO (Reuters) -CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank's capital markets division. Culham will serve as chief operating officer as of April 1 and take over as CEO on November 1, Canada's fifth-largest lender said. As part of CIBC's executive shakeup in September, Culham took on additional responsibility to oversee the bank's global asset management business and enterprise strategy, along with CIBC's Caribbean business.
Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?
Suspicion is rising that Trump and his aides are manipulating stocks via tariff announcements. Is that even possible?
In Wall Street's tariff panic, a downgrade can still be an upgrade.
