Brazilian fintech Meliuz said on Monday it will propose expanding its bitcoin reserves strategy, aiming to make the cryptocurrency the main strategic asset in the firm's treasury. In a securities filing, Meliuz said it will call a shareholder meeting for May 6 to vote on including bitcoin investments as one of the company's corporate purposes. Meliuz had launched earlier this year its bitcoin strategy.
"The specific place that the economy will land depends critically on the details of where policy lands," Bostic said, speaking at Emory University. Tariffs are likely to push up on prices, Bostic said, meaning that it will take longer than he had earlier thought, perhaps until 2027, to get inflation back down to the Fed's 2% goal. Bostic did not say whether he still believes the Fed will cut interest rates once this year, the view he had expressed in March.
A surprise tariff exemption on key tech products is helping spur an Apple rally.
The firm lays out how the S&P 500 could break out above its current trading range between 5,000 and 5,500.
Apple, Nvidia and other tech company stocks rebounded on Monday, after the Trump administration said tariffs affecting the electronics industry on products like smartphones are coming later.
Federal Reserve Bank of Philadelphia President Patrick Harker did not comment on the economy and monetary policy in a speech text on Monday. The official instead used prepared comments to a student group to explain the Fed's structure and how it makes policy decisions.
Goldman Sachs lowered its outlook for U.S. hotels Monday, pointing to lagging consumer demand, growing economic uncertainty, and troubling signals from the airline industry.
Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 8.4% in the morning session after NATO acquired the company's (PLTR's) AI-powered Maven Smart System to improve its military capabilities. The Maven system, used by the U.S. military, applies advanced artificial intelligence to rapidly process and interpret massive volumes of battlefield data, enabling faster and more precise target identification.
The S&P 500 gained 0.8% on Monday, April 14, 2025, after smartphones and other electronics were exempted from President Donald Trump's "reciprocal" tariffs.
(Bloomberg) -- Wall Street on Monday finally caught a respite from the deep selloffs and unusually sharp swings that have raced through markets ever since President Donald Trump unleashed his global trade war. Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?The Secret Formula for Faster TrainsEven Oslo Has an Air Quality ProblemNYC Tourist Helicopter Crashes in Hudson River, Killing SixLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageThat was most evident in th
