• Nov 14, 2024

JPMorgan AM Says ‘Foggy’ 2025 Set to Keep Fed on Hold Next Year

(Bloomberg) -- The Federal Reserve is likely to pause its interest-rate cuts after December to assess the economic impact of policies under President-elect Donald Trump, Karen Ward, chief market strategist for Europe, the Middle East and Africa at JPMorgan Asset Management, said. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3

• Nov 14, 2024

Gensler Makes Pitch on Crypto Rules Ahead of New Trump Tack

(Bloomberg) -- Gary Gensler is making a final pitch for how the SEC should be allowed to regulate cryptocurrency markets ahead of the incoming Trump administration and its enthusiasm for digital assets. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsIn remarks prepared

• Nov 14, 2024

Cracker Barrel Stock Rolls Higher as Restaurant Sales Improve

Cracker Barrel Old Country Store shares rose after the company’s preliminary first quarter revenue and adjusted earnings beat analysts’ expectations Thursday.

• Nov 14, 2024

Trump’s Ally Lummis Pushes to Sell Some of the Fed’s Gold to Buy Bitcoin

(Bloomberg) -- An ally of Donald Trump in the US Senate has a plan for filling up the president-elect’s proposed strategic Bitcoin stockpile without adding to the government deficit: Sell off some of the Federal Reserve’s gold. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emis

• Nov 14, 2024

Robinhood Adds Solana, Other Cryptocurrencies for US Traders

Robinhood Markets is broadening its crypto offerings for U.S. traders, adding tokens like Solana and meme coin Pepe, as the frenzy continues for Bitcoin and other digital assets in the wake of Donald Trump's presidential election win.

• Nov 14, 2024

Italy’s Intesa Widens Scope of Crypto Desk to Cover Spot Trades

(Bloomberg) -- Intesa Sanpaolo SpA is expanding the remit of its digital assets desk to handle spot trades with cryptocurrencies, the latest move deeper into the new market by a traditional bank.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsItaly’s biggest lender set u

• Nov 14, 2024

EU BEV market expected to slow down in 2025

The market share is now projected at 21%, down from the 27% forecasted earlier this year.

• Nov 14, 2024

Crypto for Advisors: Post-Election Review

A week after the election, crypto sentiment remains strong. Polymarket, bitcoin and a possibly more efficient and crypto-positive government are all tailwinds to look forward to.

• Nov 14, 2024

Barkin: Wages, possible tariffs, reasons to be careful about declaring inflation victory

High union wage settlements and the possibility of coming tariff increases are among the uncertainties that could make U.S. Federal Reserve officials more cautious about thinking they have won their battle against high inflation, Richmond Federal Reserve president Tom Barkin said on Thursday. "Being thoughtful, gradual, systemic, methodical... in terms of declaring victory is not a bad judgment, because you may have cost pressures coming for things like wages or tariffs or whatever happens...

• Nov 14, 2024

US regulator looks to put Google under federal supervision, Washington Post says

The U.S. Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet's Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant. Google has fiercely resisted the idea over months of highly secretive talks, the report said on Thursday, citing two people familiar with the discussions. Federal supervision status can allow regulators access to a company's internal records.