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  • Nov 14, 2024

Crypto Markets Surge After Trump’s Victory

The crypto markets are buzzing post-election, with big players making huge moves and record-breaking news dropping every single day this week. BlackRock is expanding its tokenized U.S. Treasury product across multiple blockchains, and its Bitcoin ETF has rocketed to $40 billion in assets. Trump is fuelling optimism with pro-crypto policies, personal Bitcoin holdings, and promises of regulatory reform within the crypto industry. Meanwhile, inflation data is spurring price action, and Robinhood ha

  • Nov 14, 2024

Leader of Crypto Heist Worth Billions Gets 5-Year Sentence

(Bloomberg) -- The mastermind behind one of the biggest-ever Bitcoin heists was ordered to serve five years in prison for conspiring with his social-media rapper wife to launder money he stole by hacking into the Bitfinex exchange and grabbing cryptoassets now worth billions of dollars.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency

  • Nov 14, 2024

Fed's Powell declines to say if he would remain after chair term expires

Powell, asked at an event in Dallas whether he would consider being the first Fed chair in more than seven decades to remain on the Fed board after no longer serving as its leader, said only that he is committed to serving out his term as chair. "I'll certainly serve to the end ... of my chair term," Powell said. Powell's term as a Board of Governors member expires in January 2028.

  • Nov 14, 2024

Berkshire bites into Domino's Pizza, dips into Pool amid stock retreat

(Reuters) -Warren Buffett's Berkshire Hathaway said on Thursday it made new investments in Domino's Pizza and Pool Corp in the third quarter, even as it retrenched from stocks such as Apple and Bank of America. Berkshire owned 1.28 million Domino's shares worth about $549 million as of Sept. 30. It also owned 404,000 shares of Pool, a distributor of swimming pool supplies, worth about $152 million as of that date.

  • Nov 14, 2024

UK Says Post-Crisis Crackdown on Wall Street Went Too Far

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves said the UK’s crackdown on banks in the wake of the global financial crisis has gone too far and vowed to give the country’s watchdogs new marching orders to ensure they’re focused on growing the economy.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divid

  • Nov 14, 2024

Stocks Get Hit as Powell’s Remarks Curb Fed Wagers: Markets Wrap

(Bloomberg) -- Stocks fell after Jerome Powell signaled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe equity mark

  • Nov 14, 2024

Vaccine Maker Stocks Fall After Trump Taps RFK Jr. to Head HHS

(Bloomberg) -- Shares of vaccine makers plunged after President-elect Donald Trump nominated Robert F. Kennedy Jr. to run the Department of Health and Human Services, a post that would give the longtime vaccine skeptic influence over the nation’s health and medical research agencies.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sa

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