Andrew Ackerman | Washington Post Lawmakers are taking their first step toward putting up guardrails for cryptocurrencies. But as legislation goes, it’s a relatively modest step – and some former regulators warn that the guardrails have big gaps. The framework, which a House committee will take up on Wednesday, would only apply to stablecoins, a
Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled
Who will actually pay for Trump’s tariffs? While trade is a hot topic among the Trump Administration, who actually pays for the new tariffs? Fox – Fox 9 U.S. stock futures point to a lower opening as investors await more news on President Donald Trump‘s tariff plan and economic news. Stocks rallied on Monday after
Benzinga | Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy. Yet, the central bank’s latest economic projections painted a
Bernard Goyder | Bloomberg U.S. stocks’ rebound off of last week’s lows will face a new test on Friday, when a pile of options contracts are set to expire in a quarterly event that often stoked volatility in the past. The so-called “triple-witching” will see about $4.5 trillion of contracts tied to stocks, indexes and
US President Donald Trump‘s tariff plans and refusal to rule out an economic downturn prolonged the ongoing volatility in US stock markets. ‘Look, we’re going to have disruption, but we’re OK with that,’ he said earlier this week on the Fox News show’ Sunday Morning Futures.’ These developments took a toll on investor confidence, reflected
Trump signs order establishing strategic Bitcoin reserve President Trump signed an order Thursday to create a federal Strategic Bitcoin Reserve, signaling new federal support for cryptocurrency in general and Bitcoin in particular. Scripps News If you hold and trade in Bitcoin, Ethereum or any other cryptocurrency, you are probably bracing for the fallout from a
Suzanne McGee, Carolina Mandl and Ankur Banerjee | Reuters Trump wants to kill $52 billion semiconductor subsidy law Trump says lawmakers should cancel the $52.7 billion CHIPS Act to in Washington, D.C. “Taiwan Semiconductor, the biggest in the world, most powerful in the world, has a tremendous amount, 97% of the market, announced a $165