Bitcoin approaches $100,000 as Trump's pro-crypto policies take shape
The Trump administration has signaled a strong desire to overhaul regulation of the crypto industry.
Fed officials note abundance of uncertainty in Trump's policy moves
WASHINGTON (Reuters) -Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from the early days of President Donald Trump's administration as among the top challenges in figuring out where to take U.S. monetary policy in the months ahead. Chicago Fed President Austan Goolsbee warned that ignoring the potential inflationary impact of tariffs would be a mistake, whereas Richmond Fed President Thomas Barkin said it remains impossible at this early stage to know where cost increases from any tariffs might be absorbed or passed along to consumers.
Texas wants Bitcoin reserves before the Fed, Blockchain leader says
Texas and Florida are pushing for state-held Bitcoin reserves, aiming to outpace federal efforts.
AMD Stock Slumps as Analysts Cut Price Targets After Data Center Revenue Misses Estimates
Advanced Micro Devices shares plunged Wednesday and several analysts lowered their price targets after the chipmaker’s data center sales missed expectations.
FMC Stock Biggest S&P Decliner With Q4 Net Loss, Sees Lowest Level in 9 Years
Shares of FMC Corp. lost roughly a third of their value Wednesday, making the stock by far the biggest decliner in the S&P 500 after it reported a net loss for the fourth quarter.
Why Nvidia, Broadcom, and Other Chip Stocks Are Surging Wednesday
Shares of several tech companies specializing in artificial intelligence products soared Wednesday after Google parent Alphabet said it plans to ramp up spending on AI.
Bitcoin no longer a ‘fringe asset,’ says top Bitcoin mining exec
Bitcoin is no longer a “fringe asset,” says Bitdeer exec, pointing to institutional adoption, growing liquidity, and mainstream accessibility through ETFs.
Fed's Goolsbee warns of potential inflationary impact of tariffs
The U.S. economy is strong, the labor market is "plausibly" at full employment, and inflation has come down and is approaching the Fed's 2% goal, Goolsbee said in remarks prepared for delivery to the regional Fed bank's annual auto symposium in Detroit. "Yet we now face a series of new challenges to the supply chain - natural and man-made disasters from fires and hurricanes to collisions with bridges that take out major ports, canal cloggings and threats of dockworker walkouts; geopolitical disruptions; immigration; and, of course, the threat of large tariffs and the potential for an escalating trade war," Goolsbee said. "If we see inflation rising or progress stalling in 2025, the Fed will be in the difficult position of trying to figure out if the inflation is coming from overheating or if it's coming from tariffs," Goolsbee said.
Google Parent Alphabet’s Stock Tumbles Amid Worries Whether AI Spending Will Pay Off
Shares of Google parent Alphabet tumbled Wednesday as several analysts lowered their price targets for the stock, citing concerns about the tech giant's weaker-than-expected cloud growth and plans to ramp up spending on AI.
Jim Chanos Says Biggest Risk for Markets Is DeepSeek-Like Event
(Bloomberg) -- Legendary short seller Jim Chanos says no one can see the biggest risks facing US markets over the next six to 12 months — because the challenges are going to be unpredictable events, like last month’s DeepSeek collapse that wiped out roughly $1 trillion in market value from US stocks. Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesCitadel to Leave Namesake Chicago Tower as Em