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  • Feb 21, 2025

New US House task force focused on the Fed sets first meeting

The Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity will convene its first-ever hearing on March 4 at 10:00 a.m. ET (1500 GMT), titled “Examining Monetary Policy and Economic Opportunity,” according to the House Financial Services Committee website. The hearing comes as the Fed is embarking on a review of its operating framework, a blueprint for executing policy to meet its congressional dual mandate to foster both price stability and maximum employment.

  • Feb 21, 2025

US oil and gas rig count hits highest since June, says Baker Hughes

(Reuters) -U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 34, or 5% below this time last year. Baker Hughes said oil rigs rose by seven to 488 this week, their highest since September, while gas rigs fell by two to 99.

  • Feb 21, 2025

Celsius’ Post-Deal Stock Surge Takes Swipe at Short Sellers

(Bloomberg) -- Short sellers that bet against Celsius Holdings Inc.’s fortunes before their planned acquisition of rival Alani Nu are now seeing hundreds of millions in losses.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsT

  • Feb 21, 2025

Bybit says $1.5 billion worth of crypto stolen in ether wallet hack

The ether cold wallet was the only one that was attacked and all other wallets of the exchange were unaffected, with withdrawals proceeding normally, CEO Ben Zhou said in a post on X. "All client funds are safe, and our operations continue as usual without any disruption," the company said, adding its security team, along with forensic experts, was investigating the incident.

  • Feb 21, 2025

US Consumers Long-Run Inflation Views Rise to Highest Since 1995

(Bloomberg) -- US consumers’ long-term inflation expectations rose to the highest level in almost three decades on concerns President Donald Trump’s tariffs will translate into higher prices.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is

  • Feb 21, 2025

Fed’s Jefferson Says AI Speeds Impact of Policy on Asset Prices

(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said artificial intelligence tools may help with the transmission of monetary policy, but cautioned about the limits of the technology.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters

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