Bitcoin is in the throes of a post-Jackson Hole struggle. – peter parks/Agence France-Presse/Getty Images A whale appears to have spoiled the party for bitcoin, with the No. 1 cryptocurrency losing its steam and dragging down related investments seen in the wake of comments by Federal Reserve Chair Jerome Powell. Dropping to a level not
Fed Chair Jerome Powell’s speech on Friday at this year’s Jackson Hole Economic Policy Symposium balanced rising inflation risk against a fragile labor market, and the political calendar now raises the odds that his eventual successor will be less cautious on rates. Powell’s message was deliberately sober. He said the “effects of tariffs on consumer
Bitcoin has rocketed to an all-time high this year, with its latest boom enticing a new wave of surprising and controversial new cryptocurrencies. Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price has topped $124,000 in the last few weeks, lifting ethereum, Ripple’s XRP and the wider crypto market to over
Ether surged to a record for the first time in almost four years, with the second-largest cryptocurrency benefiting from a renewal in demand after long being touted as a more adaptable alternative to the crypto market leader bitcoin. The native token of the Ethereum blockchain rose as much as 15 per cent to US$4,866.73, topping
designer491/Getty On Wednesday, August 20, President Donald Trump and his administration called for Federal Reserve Governor Lisa Cook to resign from her position after Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), discovered that she allegedly engaged in mortgage fraud. And she’s not the only one. In previous weeks, the 47th presidential
Hong Kong stocks wavered on Thursday in the absence of catalysts ahead of the Federal Reserve’s annual Jackson Hole symposium. The Hang Seng Index was up marginally at 25,173.83 at 11.06am local time after falling as much as 0.2 per cent. The Hang Seng Tech Index declined 0.5 per cent. On the mainland, the CSI
The Brief Trump urged Fed governor Lisa Cook to resign after a mortgage fraud accusation. Regulator Bill Pulte asked the DOJ to investigate claims she misused primary residence rules. The move is part of Trump’s push to gain more control over the Fed. WASHINGTON – On Wednesday, President Donald Trump urged Federal Reserve governor Lisa
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing
President Trump Wednesday called on Federal Reserve governor Lisa Cook to step down over claims of “mortgage fraud” as he presses his feud over economic policy with the central bank. “Cook must resign, now,” Trump wrote on his social media about Cook, a member of the Fed board. Trump cited a letter from Federal Housing Finance
A Regions Bank employee who was allegedly caught stealing almost $18,000 from his teller drawer has been banned from the banking industry, according to the Federal Reserve Board of Governors. The lifetime ban for Markel O’Neal Calhoun, a former Regions branch associate in Birmingham, Alabama, came in an order released on Tuesday. Over the course