Goldman Sachs Holds $418M in Bitcoin ETF Shares
The investment bank has positions in multiple spot bitcoin funds, according to an SEC filing.
Stocks Rise as CPI ‘Checks The Box’ for Fed Cuts: Markets Wrap
(Bloomberg) -- Stocks rose after an in-line US inflation report did little to alter bets the Federal Reserve will start cutting rates in September.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe S&P 500 extended its advance into a fifth strai
New Jersey Wins Positive Outlook by Moody’s on Economic Strength
(Bloomberg) -- New Jersey had its outlook raised to positive from stable by Moody’s Ratings on Wednesday, on its strong economic performance compared to nearby states.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe ratings firm also affirmed
Inflation Spurt Makes Philippine Rate Decision Too Close to Call
(Bloomberg) -- The Philippine central bank’s interest-rate decision Thursday is expected to be a close call between a cut and a hold after inflation quickened to a nine-month high last month.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThirtee
The Protocol: Memecoin Trading Is Suddenly Trump.fun
Blockchain has gone even more ridiculous than usual over the past week, with headlines focused on Trump-themed memecoins and the Solana-based launchpad Pump.fun. PLUS: Ethereu...
Ghost Chains to Goldmines: How to Create Web3 Products That People Want
The incentive structure of the current blockchain ecosystem works against useful innovation. CoinDesk columnist Azeem Khan has some ideas to fix that.
Weary Argentines have mixed feelings as world's worst inflation eases
BUENOS AIRES (Reuters) -Argentines, feeling the pinch of the world's highest annual inflation rates, are feeling both hopeful and weary as monthly price increases dip to their lowest in over two years amid tough austerity measures under President Javier Milei. The South American country is trying to emerge from a severe economic crisis which ushered libertarian outsider Milei into power late last year as voters opted for a radical new approach to restore stability. Milei's sharp cost-cutting campaign has helped bolster the state's embattled finances, allowed the central bank to rebuild reserves, and tamped down inflation - though it has taken a heavy toll on economic activity.
Bond Traders See Quarter-Point Cut Next Month as Inflation Ebbs
(Bloomberg) -- Bond investors reinforced their bets that Federal Reserve officials will cut interest rates by a quarter-point in September as US inflation continues to ebb.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesTraders are pricing in 32
