As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for a reduction in July. Financial Analysts Question Timing of […]
Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.” Grayscale’s CEO […]
A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank survey of over 3,600 consumers, published this […]
This is truly the darkest Dota 2 timeline.
Find out who Mikel Arteta and Gary O'Neil have selected for this evening's
The world’s second-largest economy started the year on solid footing, as China’s factories revved up. Analysts warn that growth will be tough to maintain without broader improvement.
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
Federal Reserve Bank of New York President John Williams said the central bank will likely start lowering interest rates this year if inflation continues to gradually come down.
The News/Media Alliance, a journalism trade organization and advocacy group, on Tuesday asked federal government officials to investigate Google after the tech giant said it would limit links to California news outlets in its search results. The alliance, which represents publishers in the news and magazine industry, said Google's actions appear "to either be coercive or retaliatory, driven by Google's opposition to a pending legislative measure in Sacramento." The proposed state measure in...
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
Morgan Stanley, a leading global investment bank, is reportedly considering expanding access to bitcoin spot exchange-traded funds (ETFs). The firm may soon authorize its approximately 15,000 brokers to actively solicit customer purchases. Morgan Stanley to Widen Access to Spot Bitcoin ETFs Global investment bank Morgan Stanley is contemplating broadening access to spot bitcoin exchange-traded funds […]
While Finland is expected to emerge from a recession later this year, according to the ministry's forecast, positive GDP growth will only occur next year.