Trump Ally Bessent Says Stocks Will Fall on ‘Precarious’ Economy
(Bloomberg) -- Scott Bessent, who runs macro hedge fund Key Square Capital Management, said he expects a jump in volatility and a decline in US markets because the economy is more fragile than most investors realize. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing Problem“Right now we view the US economy as being in a precarious, emerging market-st
Argentina economic activity seen back in the red in June
Argentina's economic activity likely fell in June versus the same month a year earlier, analysts said, back in the red after a rare rise the month before amid tough austerity measures and cost-cutting under libertarian President Javier Milei. The median forecast from 16 analysts sees economic activity down 1.9% year-on-year in the sixth month of the year, dropping back from May's 2.3% rise, as growth in the grains and gas sectors is weighed down by weak consumption and construction. The president's cost-cutting agenda has helped achieve rare fiscal surpluses and has allowed the central bank to rebuild reserves, but the economy has suffered, with consumption, construction and manufacturing down sharply.
Nigeria Plans to Introduce Crypto Licensing Process: Bloomberg
The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month.
Nigeria Plans to Introduce Crypto Licensing Process: Bloomberg
The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month.
CoinDesk 20 Performance Update: AVAX and NEAR Lead as Index Gains 2.2%
Avalanche surged 6% and NEAR posted a 4.6% increase as all but one asset recorded gains.
Wall Street Will Scour Fed Minutes for Clues on the End of Balance-Sheet Unwind
(Bloomberg) -- As debate heats up on Wall Street over when the Federal Reserve will complete its current course of quantitative tightening, strategists are looking for more guidance on Wednesday when the US central bank releases the minutes of its latest policy meeting.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemWhile most market-watcher
Dark Pools Dominate Ethereum as Private Transactions Surge – at Least by One Measure
More transactions on the blockchain are getting routed privately as users try to avoid front-running bots that eat into trading margins, but network observers worry about a lo...