News
Galaxy CEO says Fed rate cuts could revive Bitcoin and silence critics
7+ hour, 24+ min ago (789+ words) Galaxy Digital CEO Mike Novogratz thinks Bitcoin's recent struggles may not last much longer. Speaking on a podcast with Anthony Scaramucci, Novogratz said a change in U. S. monetary policy could revive the world's largest cryptocurrency." Bitcoin has been depressed in recent…...
U. S. Margin Debt Hits Record $1. 42 Trillion
1+ day, 19+ hour ago (596+ words) U. S. margin debt surged to a new record in May, recording an increase in investor borrowing as stock markets continued to set new highs. Data released by FINRA showed margin debt rose by $112 billion during the month, bringing the total to…...
Federal Reserve keeps interest rates unchanged in Kevin Warsh's first meeting
3+ day, 12+ hour ago (492+ words) The Federal Reserve kept its benchmark interest rate at 3. 5% to 3. 75% in Federal Reserve Chair Kevin Warsh's first meeting, with all 12 voting members supporting the decision. The central bank also reaffirmed its plan to keep enough reserves available across the banking…...
Dollar bulls are back with a vengeance as investors rediscover the America first trade
3+ day, 19+ hour ago (593+ words) The dollar is back at the center of global trading as investors rebuild bets on the United States, expecting the economy to stay stronger than Europe and Asia, helped by heavy spending on AI, strong hiring, and higher interest rates....
Ready or not, here Kevin Warsh comes
6+ day, 17+ hour ago (641+ words) Kevin Warsh faces his first test as Federal Reserve chair. During the week, he will lead the meeting that decides US interest rates. Investors expect rates to stay between 3. 5% and 3. 75%, according to the CME's Fed Watch Tool. The futures market…...
Kevin Warsh prepares for Friday White House swearing-in as new Fed era begins
1+ mon, 2+ day ago (603+ words) Donald Trump is reportedly planning to swear in Kevin Warsh as the Federal Reserve's new chairman at the White House on Friday, according to CNBC. Trump selected Kevin following a recruitment process that started in the summer of 2025 and lasted…...
Kevin Warsh becomes Fed chair in 54-45 vote as central bank independence faces new test
1+ mon, 1+ week ago (625+ words) Kevin Warsh cleared the Senate on Wednesday and became the next Federal Reserve chair after a brutal 54-45 vote, handing Trump a new central bank chief while the inflation picture is getting uglier. Kevin is taking over Jerome Powell at the…...
Samsung stock rallies by 12% as market cap hits new all-time high of $1 trillion
1+ mon, 2+ week ago (802+ words) Samsung Electronics (005930. KS) jumped 12% on Wednesday, and that was enough to push its value above $1 trillion. The rise put Samsung in this cute little club, as it became the second Asian company to cross $1 trillion, behind TSMC (TSM). Fact Set…...
Prediction market odds on Kevin Warsh taking the Fed in 3 weeks surge
1+ mon, 3+ week ago (725+ words) Prediction market traders on Kalshi pushed Kevin Warsh's chances of becoming Federal Reserve chair sharply higher after the Department of Justice ended its inquiry into Jerome Powell. The new pricing gives Kevin an 86% chance of Senate approval by May 15. Traders…...
PMI is high but consumer confidence is low for the US economy. Are we reading the mixed signals correctly?
1+ mon, 3+ week ago (661+ words) Business activity picked up in April, but Americans are paying more for almost everything, and most say things are only getting worse. The U. S. composite PMI is at 52. 0 this month, a three-month high that suggests a slight recovery following a sluggish…...