Bitcoin Lightning Fintech ZBD Approved to Receive EU MiCA License by Dutch Regulator
Countries like the Netherlands are preparing for MiCA implementation.
Powell has a long to-do list for his last full year as Fed chief
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of the U.S. central bank, with his four-year term due to expire in May of 2026. Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges as well as an opportunity to close out some unfinished business. Powell's main mission is "completing the 'soft landing' with inflation at 2% and full employment, in what's likely to be trickier weather" with tax, tariff and immigration policies that could make the economic landscape harder to read, said Donald Kohn, a former Fed vice chair who is now a senior fellow at the Brookings Institution.
Fed looks set to tweak reverse repo rate to speed exit of cash
The Federal Reserve appears likely to take a step on Wednesday to nudge cash off its balance sheet as it enters a more uncertain period in what many see as the final months in its effort to draw down its balance sheet. Economists broadly expect the Fed to announce it's cutting the rate it pays money market funds and others to park cash at its overnight reverse repo facility, or ONRRP, by a bigger margin than the expected cut to its policy rate. While the federal funds rate target is seen being trimmed by a quarter-percentage-point to between 4.25% and 4.50%, the reverse repo rate, or RRP, is seen falling to 4.25% from its current setting of 4.55%.
Stock Market Today: Stocks edge higher with Fed rate decision on deck
Markets expect the Fed to deliver its third consecutive rate cut later today in Washington, but are divided over its path in 2025.
Best money market account rates today, December 18, 2024 (up to 5.00% APY)
Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.
Big Tech is dominating the market once again — and that's probably just fine: Morning Brief
December is shaping up to be a tale of two markets.
‘This Is a Great Buying Point,’ Says Analyst About These 2 ‘Strong Buy’ Software Stocks
A few years ago, the cloud transformed how companies use software. The shift moved users from purchasing licenses to subscribing to services, giving rise to the cloud-based software-as-a-service model. Now, we’re witnessing another major shift in the software landscape — the rise of generative AI technology. It’s making waves, and it remains to be seen exactly how they’ll crash ashore. One thing has become clear – the changes in the software industry are creating opportunities for investors. Cov
Aviva’s acquisition of Direct Line will cement its dominance in UK insurance market
By adding Direct Line, a top-five competitor in its own right, Aviva’s lead would widen substantially.
Will BYD take over Europe’s struggling EV market?
European automakers should beware—the world’s largest producer of plug-in cars is Chinese and has plans for European electric domination.
S&P 500 buyers step in ahead of Fed meet despite narrow breadth
(Bloomberg) -- While concern has grown in the past week that narrowing market breadth has tapped the brakes on the S&P 500 Index’s blistering rally, it turns out that stock bulls are still stepping in to snap up shares ahead of the Federal Reserve’s interest-rate decision.Most Read from BloombergHow California Sees the World, and ItselfThe index’s DVAN trend line — a proprietary divergence analysis that measures buying or selling pressure — has been on a buying streak since Election Day, with in