As Tesla stock craters, retail investors are buying near-record amounts of shares
According to data from JPMorgan, net buying of the stock by retail investors was positive for 12 consecutive days, totaling $7.3 billion.
Fed's Waller says no need to slow balance sheet drawdown at this time
"Reducing the Federal Reserve's balance sheet is an important part of normalizing monetary policy implementation and reducing unneeded reserves in the banking system," Waller said in a statement explaining his dissent on the balance sheet decision included in the policy statement issued by the central bank on Wednesday. "There is no evidence from money market indicators or my outreach conversations that the banking system is getting close to an ample level of reserves," Waller said.
South Korea Targets KuCoin and BitMEX in Ongoing Crypto Exchange Investigation
South Korean authorities are ramping up efforts to regulate the crypto market, focusing on exchanges believed to be operating without proper licensing.
Metaplanet Appoints Eric Trump to Strategic Advisory Board Amid Bitcoin Expansion Plans
Tokyo-based investment firm Metaplanet has announced the appointment of Eric Trump to its Strategic Board of Advisors.
Fed’s Waller Sees No Evidence Reserves Are Nearing ‘Ample Level’
(Bloomberg) -- Federal Reserve Governor Christopher Waller said the banking system still has enough reserves for the central bank to keep its monthly runoff of Treasury securities unchanged.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats o
Trump's son to advise Japan’s largest corporate holder of Bitcoin
Metaplanet, a Japanese company with 3,200 Bitcoin in its holdings, has appointed US President Donald Trump's son Eric to its board of advisors.
Quantum Computing Stock Falls as Firm's Loss Soars
Quantum Computing's fourth-quarter loss soared on expenses related to a merger three years ago, and shares fell Friday.
Bitcoin ETFs struggle with outflows as investors lock in profits, says CF Benchmarks CEO
Bitcoin ETFs are seeing continued outflows as investors cash in on profits, says CF Benchmarks CEO Sui Chung.
Musk Tells Tesla Employees Hang On to Stock After 50% Plunge
(Bloomberg) -- Elon Musk sought to reassure Tesla Inc. employees through what he referred to as “a little bit of stormy weather,” after the carmaker’s shares plunged more than 50% in just three months.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Ami
FedEx downgraded, Adobe upgraded: Wall Street's top analyst calls
FedEx downgraded, Adobe upgraded: Wall Street's top analyst calls