Fed Governor Lisa Cook is standing up to Donald Trump, suing to keep her job because she says the president is trumping up a scandal and she’s fighting for Fed independence. Trump has called for Cook’s head for allegedly committing mortgage fraud by signing documents that she had two primary residences. We should let the
08/19 update below. This post was originally published on August 18 Bitcoin—alongside other major cryptocurrencies ethereum and XRP—have fallen sharply, raising fears of a crypto market crash after it bubbled up to an all-time high of $4.2 trillion this month (just as Tesla billionaire Elon Musk breaks his silence on crypto). Sign up now for
Bitcoin—alongside other major cryptocurrencies ethereum and XRP—have fallen sharply, raising fears of a crypto market crash after it bubbled up to an all-time high of $4.2 trillion this month (just as Tesla billionaire Elon Musk breaks his silence on crypto). Sign up now for CryptoCodex—A free newsletter for the crypto-curious The bitcoin price has plunged
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes and awaited July’s retail sales report. Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.7%. Futures attached to the benchmark S&P 500 (ES=F) were flat and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline.
The NYSE. (Bloomberg) — Traders are snapping up risky assets of all stripes in the hope that falling US interest rates will add rocket fuel to an economy that’s so far been able to withstand the effects of Donald Trump’s trade war. Wall Street is set to extend record highs when trading begins on Wednesday,
This week, we’ve seen the Australian share market smash records, from fresh intra-day all-time highs (which occur during trading sessions) to record closing highs. Whichever way you cut it, the Australian share market is performing exceptionally well. It’s been a remarkable turnaround from the enormous volatility we saw in early April when US President Donald
For day-to-day investors, the S&P 500 Index shows how 500 major companies from many sectors are doing. It allows you to clearly see the direction of the economy and likely risks from broader market movements. With knowledge of this benchmark, individuals can measure how their portfolio is doing, control risks, and choose investments that match
The crypto world is buzzing. If you ask a true believer, they’ll say this is just the beginning. Ask a skeptic, and they’ll swear we’re watching a bubble inflate in real time. One that could pop any second. I saw the excitement firsthand at a crypto event in Brooklyn last week. The bar was packed.
For over a decade, Bitcoin has been the undisputed face of digital finance. When you think “crypto,” you think Bitcoin. Its surges and crashes have been treated as bellwethers for the entire industry. This year, it even set new records, solidifying its reign. But for the past month, the crypto world hasn’t been talking about
BlackRock has been removed from Texas’s investment blacklist, a major reversal that follows the asset management giant’s decision to scale back some of its controversial climate commitments. The move, announced Tuesday by Texas Comptroller Glenn Hegar, ends a three-year ban that had prevented state pension and investment funds from doing business with the world’s largest