Ethena (ENA) Now Available on Bithumb's KRW Market Alongside Airdrop Promotion
Bithumb, a prominent South Korean crypto exchange, has officially added Ethena (ENA) to its KRW market.
Why Trump’s Potential Plan to Make Crypto Gains Tax-Free Could Be a Bad Idea
The elimination of capital gains taxes on crypto might not be the huge boon to American investors that it would appear to be.
Walgreens downgraded, Cava Group upgraded: Wall Street's top analyst calls
Walgreens downgraded, Cava Group upgraded: Wall Street's top analyst calls
CME Group to Launch Solana Futures as Demand for Crypto Derivatives Grows
CME Group expands its crypto offerings with Solana futures, set to debut in March.
Is Inflation Finally Cooling Again? The Fed's Favorite Gauge Says So
Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
Exclusive: Former House Financial Services chair Patrick McHenry joins crypto firm Ondo Finance
McHenry continues to advocate for crypto legislation, including for stablecoins, in Congress.
Bath & Body Works beat 2024 expectations, but its stock fell 12%. Its CEO says she was ‘surprised’ to see Wall Street’s reaction
Tariffs and uncertain consumer spending dampened Wall Street's enthusiasm for the retailer.
Inflation, growth may be in conflict but Fed seen restarting cuts in June
New data may point to emerging tension between the U.S. Federal Reserve's dual inflation and employment goals, as price pressures remained sticky in January while consumer spending slowed more than expected. Traders maintained bets the Fed will cut interest rates by a quarter of a percentage point at its June and September meetings this year, but analysts noted the situation seemed to have become more complex and could present policymakers with a difficult decision in the weeks ahead. Hints of slowing growth alongside inflation still stuck above the Fed's 2% target, "presents a dilemma for the Fed...if you add them together, that equals stagflation," said Peter Cardillo, chief market economist for Spartan Capital Securities in New York.
US consumer spending declines; annual inflation subsides
WASHINGTON (Reuters) -U.S. consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June. But the moderation in annual inflation, which partly reflected last year's high readings dropping out of the calculation, is unlikely to be sustained as President Donald Trump's administration ratchets up tariffs on imports, which economists warned would raise prices. "The good news is consumer inflation broke the curse of the January effect," said Christopher Rupkey, chief economist at FWDBONDS.
PCE inflation gauge matches expectations, offering relief to Fed
The latest reading of the Federal Reserve's preferred inflation gauge showed prices rose on a monthly basis but dropped year over year, which should keep the central bank on hold at its next meeting in March.