Arkansas scraps bill preventing Bitcoin mines close to military facilities
The bill hoped to block Bitcoin mines near sensitive national security installations.
The bill hoped to block Bitcoin mines near sensitive national security installations.
The Beehive State is a frontrunner to approve a bitcoin-based stockpile this year.
U.S. equities slumped at midday, but were off their lows after President Trump paused new tariffs on Mexico.
(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said the US central bank is unlikely to react to the impact of tariffs on prices so long as officials don’t see signals of higher, persistent inflation.Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHow the 2025 Catholic Jubilee Is Reshaping RomeHistoric London Elevat
U.S. President Donald Trump's tariffs on Canada, Mexico and China have the potential to impact corporate profits, as well as to dictate the path of inflation, economic growth and stock market performance, analysts said. While Mexico-exposed names recouped some losses after Trump agreed to delay new tariffs on Mexico for one month, investors were still assessing the fallout of the sweeping tariffs. COMPANIES AND PROFITS - Goldman Sachs expects the announcements to reduce its S&P 500 earnings per share (EPS) forecasts by about 2% to 3%.
The country made Bitcoin legal tender in 2021, but is now revamping its law.
New data Monday showed that manufacturing activity was in expansion mode in January. Equity strategists believe that could be an early indicator of more S&P 500 earnings growth in 2025.
The company reports fourth-quarter earnings on Wednesday.
President Donald Trump has begun a new trade war with Canada, Mexico, and potentially China, and this has had a significant ripple effect on the broader financial landscape, including the cryptocurrency market. Trump’s latest move involves imposing a 25% tariff on imports from Canada and Mexico, while Chinese imports will be taxed at 10%.
Dimon and Musk’s collaboration comes just weeks after Dimon offered to help the billionaire with his government cost-cutting initiative.