Bank of America expects the Federal Reserve to hold interest rates steady this year and into next year, CEO Brian Moynihan said on Tuesday. "It takes multiple years to squeeze inflation out," and the Fed's efforts to tame inflation will most likely last until 2026, Moynihan told a conference in Washington. Fed policymakers have kept rates unchanged as they seek to move inflation toward a 2% target.
Bitcoin fell below $90,000 on Tuesday, sinking nearly 20% from its all-time high that was reached just a month ago during Donald Trump’s inauguration. The leading cryptocurrency, which had been rallying since Trump’s re-election in November, now appears to be losing momentum—suggesting that the Trump-driven crypto surge may be over.
The interest rate outlook has gotten appreciably softer over the past couple of weeks.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 2.5% over the past six months. This drawdown was discouraging since the S&P 500 returned 5.6%.
After the FDA removed semaglutide injection products from a shortage list, compounders like Hims have 60-90 days to stop making copies.
The American consumer is getting worried about the economy.
Crypto trading firms like Robinhood & Coinbase get relief from SEC probes. These firms, along with Schwab, will benefit from favorable developments in the space.
Cleveland-Cliffs stock sank Tuesday after the steelmaker reported worse fourth-quarter results than expected, with revenue falling and losses widening from the same time last year.
The tie-up will introduce Athar, a decentralised consumer finance protocol to make crypto payments accessible across GCC region.
Block upgraded, Domino’s downgraded: Wall Street's top analyst calls
