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  • Jan 17, 2025

Wall Street’s Hedging Craze Gets Second Wind After 2024 Misfire

(Bloomberg) -- In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting Har

  • Jan 17, 2025

Why XRP, Hedera, and Stellar Led Cryptocurrencies Higher This Week

The market bid up cryptocurrencies this week ahead of President Trump's inauguration, which could change the industry's landscape. According to data provided by S&P Global Market Intelligence, XRP (CRYPTO: XRP) was up as much as 43.2% since last Friday's stock market close and is currently up 37.3%. Hedera (CRYPTO: HBAR) jumped 41% and settled in at a 31.4% gain for the week, and Stellar (CRYPTO: XLM) was up 20% at its high and is now trading up 14.3%.

  • Jan 17, 2025

Federal Reserve withdraws from global regulatory climate change group

WASHINGTON (Reuters) -The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) because its increasingly broadened scope had fallen outside the Fed's statutory mandate.

  • Jan 17, 2025

Federal Reserve says it will leave climate change organization

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how regulation of the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress. In a short statement, the Fed said it had “appreciated” working with the Network of Central Banks and Supervisors for Greening the Financial System.

  • Jan 17, 2025

Long-Standing Crypto Cases Are Winding Down Before Trump Takeover

(Bloomberg) -- Digital Currency Group and its subsidiary Genesis Global Capital settled Securities and Exchange Commission charges on Friday — the latest in a slew of crypto firms to do so as US regulators appear to clear their slates in the waining days of the Biden administration. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City

  • Jan 17, 2025

Oil Notches Fourth Weekly Advance as Sanctions Threaten Supplies

(Bloomberg) -- Oil notched its fourth straight weekly gain, the longest run since July, as US sanctions posed growing risks to global supply in a market already tightened by cold weather.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunDeadly Landslide of Garbage Displays Uganda's

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