• Mar 13, 2025

3 Beaten-Down Cryptos That Aren't Worth Buying on the Dip

Three beaten-down cryptos to avoid for now are Cardano (CRYPTO: ADA), Dogecoin (CRYPTO: DOGE), and Litecoin (CRYPTO: LTC). On March 2, President Donald Trump mentioned Cardano in a single Truth Social post about the potential creation of a national crypto strategic reserve, and the price of Cardano shot through the roof for a huge one-day gain. On March 6, the reserve morphed into the U.S. Digital Asset Stockpile, and there's no longer any guarantee that the U.S. government will be buying Cardano.

  • Mar 13, 2025

Trump policy 'a tragedy for the American economy,' French central banker says

President Donald Trump's administration is inflicting more damage on the U.S. economy with its policies than on the rest of the world, France's central bank head said on Thursday. "It's a shock for the world economy, but even more so for the American economy," Villeroy said at a conference at the German embassy in Paris with his German counterpart. "It's firstly a tragedy for the American economy," he added.

  • Mar 13, 2025

Mnuchin Discounts US Recession, Says Stock Retreat ‘Makes Sense’

(Bloomberg) -- Former Treasury Secretary Steven Mnuchin discounted risks of a US recession, and played down the current selloff in equities, advising investors against overreacting to President Donald Trump’s aggressive trade tactics.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspe

  • Mar 13, 2025

Investment banking rebound set to be delayed amid market volatility, Morgan Stanley says

Wall Street was expecting a banner year for capital markets activity in 2025 after U.S. President Donald Trump was elected in November, buoyed by hopes of less regulation and lower corporate taxes. But the optimism has so far failed to translate into activity as clients take a wait-and-see approach in response to trade policy uncertainties.