Fed’s Goolsbee Warns Against Overreliance on Productivity Gains
(Bloomberg) -- Federal Reserve Bank of Chicago President Austan Goolsbee lauded the recent increase in productivity growth, but warned that over-anticipating positive economic effects from it could put the central bank in a “tough position.”Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Invest
Bitcoin Dip-Buyers Step in Friday, but What Might Weekend Action Bring?
Punitive tariffs against Mexico, Canada and China could go into effect on Tuesday.
Coinbase’s stock slides nearly 30% as Bitcoin tanks
Other fintech firms that have a crypto business have also seen their stocks dip, including Robinhood.
Inflation is easing, but another alarm bell is ringing about the US economy
The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
Elastic Stock Surges on Strong Earnings, Outlook Amid AI Boom
Elastic shares jumped Friday after the data analytics software provider reported better-than-expected earnings on strong demand for products related to artificial intelligence.
German manufacturing woes continue to keep unemployment rate high
German unemployment stayed at the highest level since October 2020, as concerns about deindustrialisation and weaker demand continued to weigh on the economy.View on euronews
Bitcoin plunges 28% from all-time high as Trump pump turns into slump
Trump’s tariff threats are weighing on the crypto market as investors flee risky assets.
Bitcoin has bled 25% in a month despite Trump. How low can it go?
Bitcoin continued its downward slide, falling below $80,000 on Thursday night. The leading crypto is 25% down from its all-time high that was reached just a month ago during Donald Trump’s inauguration.
Inflation in France hits its lowest level in four years in February
In the EU’s second-biggest economy, inflation slowed to 0.8% year-on-year in February, mainly due to a fall in the price of electricity.View on euronews