• Dec 01, 2024

Better Buy: Dogecoin vs. XRP

The price of Bitcoin has surged since election night and briefly flirted with $100,000. Investors are bullish on a better regulatory environment under President-elect Donald Trump, as well as a lower interest rate environment, in which crypto has previously performed well. It's not uncommon for other cryptocurrencies to follow Bitcoin's lead because it's a bellwether for the industry.

  • Dec 01, 2024

Fed's Powell may have made US monetary policy boring again

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a decade of ultra-cheap money, jumping redlines during the COVID-19 pandemic, and delving more into areas like equity and climate change. But that expansive role has now shrunk to one of terse policy statements, a meat-and-potatoes debate over interest rates, a declining stash of bonds, and a growing possibility that Fed Chair Jerome Powell may be remembered both as the man who got the U.S. through the economic crisis triggered by the pandemic and the one who made central banking boring again. Former St. Louis Fed President James Bullard was on the policymaking team that saw the central bank's role expand during the 2007-2009 financial crisis, watched as it mushroomed again during the pandemic and sees it now morphing back into something more normal.

  • Dec 01, 2024

JPMorgan Rejects Transition-Finance Trend Gripping Wall Street

(Bloomberg) -- JPMorgan Chase & Co. is turning its back on a trend that’s been embraced by many of its Wall Street peers.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionTransition finance — a term intended to describe the allocation of capital to activities that will ultimately help cut carbon emissions in the wider economy — exists in something of a regulatory gray zone. At the same time, financi

  • Dec 01, 2024

Kiyosaki on Bitcoin $100,000: 'Almost Impossible for the Poor and Middle Class to Catch Up'

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” predicts a surge in Bitcoin‘s (CRYPTO: BTC) value and warned of an impending wealth disparity in a recent post. What Happened: On Saturday, Kiyosaki took to X to express his views on the future of Bitcoin and the potential wealth gap it could create. He stated, “Bitcoin will soon break $100,000. Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up.” Don’t Miss: If you invested $100 in DOGE when Elo

  • Dec 01, 2024

Tesla leads November's global market value surge

(Reuters) - Tesla's market capitalisation increased by the most among top global companies in November, boosted by expectations the automaker will benefit from CEO Elon Musk’s close ties with U.S. President-elect Donald Trump.

  • Dec 01, 2024

Lula Ignores Aides and Sparks Market Rout That Threatens Economy

(Bloomberg) -- The dangers were crystal clear. Top economic aides to President Luiz Inacio Lula da Silva had pointed them out to him again and again: Any moves to water down the fiscal-austerity plan in the works will spark a selloff — another selloff — across Brazilian financial markets.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionAnd yet, Lula decided he did not care. He ordered his staff to