Crypto News
- From forex24.pro|1 hr 25 min ago
- From news.com.au|7 hr ago|12 comments
SpaceX boss Elon Musk is alleged to have had sex with a woman who was an intern at the rocket company, when she was still at university, before hiring her to a senior role years later and trying to embark on a relationship. The allegation is one of a number about Mr Musk’s advances towards and consensual sexual encounters with staff members which have been ...
- From cnbc.com|19 hr ago
As Roaring Kitty continues to watch his favorite GameStop shares swing wildly, he might be contemplating what to do with his massive options position that is approaching expiration. The meme stock champion, whose real name is Keith Gill, has so far held onto his positions of 5 million GameStop common shares and 120,000 call options, according to a ...
- From thearmchairtrader.com|21 hr ago
Remember the Pepsi Challenge? For readers too young to have encountered it, the Pepsi Challenge is a marketing stunt organised by Pepsi, mostly in the 1970s and 1980s. Pepsi representatives would set up a stand in shopping centres or public locations and present two white cups to bystanders. One cup would contain Pepsi-Cola, and one would contain Coca-Cola. ...
- From home.treasury.gov|8 hr ago|1 comment
As President Biden and Group of Seven (G7) Leaders prepare to meet this week in Italy, the U.S. Department of the Treasury is issuing sweeping new measures guided by G7 commitments to intensify the pressure on Russia for its continued cruel and unprovoked war against Ukraine. Today’s actions ratchet up the risk of secondary sanctions for foreign financial ...
- From kitco.com|4 hr ago
Although the Federal Reserve could still lower interest rates one or two times this year, it continues to signal that it is not in a hurry to adjust its monetary policy just yet. However, analysts note that despite the U.S.’s reluctance to ease interest rates, the gold market remains well supported as global rates start to fall. The diverging monetary ...
- From fxstreet.com|3 hr ago
Bitcoin (BTC) gained over 2% on Wednesday after the Federal Reserve (Fed) left interest rates unchanged at 5.25% to 5.50%. A recent analysis also revealed that BTC could be on the verge of a 20% rally after the Fed’s meeting. Bitcoin shot above 4% in the past 24 hours before experiencing a slight correction after the headline US Consumer Price Index (CPI) ...
- From home.treasury.gov|8 hr ago|1 comment
As President Biden and Group of Seven (G7) Leaders prepare to meet this week in Italy, the U.S. Department of the Treasury is issuing sweeping new measures guided by G7 ...
- From gov.cn|6 hr ago
China's consumer prices gained for the fourth straight month in May in the latest sign of a steady domestic demand recovery, official data showed Wednesday. The consumer price ...
- From blogs.worldbank.org|5 hr ago
Global growth is projected to stabilize at 2.6 percent this year, holding steady for the first time in three years despite flaring geopolitical tensions and high interest rates. ...
- From federalreserve.gov|17 hr ago|10 comments
In conjunction with the Federal Open Market Committee (FOMC) meeting held on June 11–12, 2024, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2024 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The longer-run projections represent each participant’s assessment of the value to which each variable would be expected to converge, over time, under appropriate monetary policy and in the absence of further shocks to the economy. “Appropriate monetary policy” is defined as the future path of policy that each participant deems most likely to foster outcomes for economic activity and inflation that best satisfy his or her individual interpretation of the statutory mandate to promote maximum employment and price stability. post: FED’S MEDIAN RATE FORECAST END-’24 AT 5.1%; PREV. 4.6% FED’S MEDIAN RATE FORECAST END-’25 AT 4.1%; PREV. 3.9% FED’S MEDIAN RATE FORECAST END-’26 AT 3.1%; PREV. 3.1% FED’S MEDIAN RATE FORECAST LONGER-RUN AT 2.8%; PREV. 2.6% post: FED POLICYMAKERS SEE END-2024 PCE INFLATION AT 2.6% VERSUS 2.4% IN MARCH PROJECTION; CORE SEEN AT 2.8% VERSUS 2.6% post: FED OFFICIALS RAISE 2024 INFLATION FORECAST TO 2.6%, UP FROM 2.4% IN MARCH FORECAST FED OFFICIALS SEE 4% UNEMPLOYMENT AT END OF 2024, UNCHANGED FROM MARCH FORECAST FED OFFICIALS SEE 2.1% GDP GROWTH IN 2024, UNCHANGED FROM MARCH FORECAST
- From forexlive.com|7 hr ago
China's State Administration of Foreign Exchange (SAFE): • Says it'll severely crack down on illegal FX activities. • To strengthen FX situation monitoring and policy reserves. • ...
- From @LiveSquawk|16 hr ago|1 comment
post: BoC’s Macklem: MonPol No Longer Needs To Be As Restrictive As It Has Been - Still Need To Get Inflation Down Further To Our TargetsMacklem: Central banking - Navigating in a new world Good afternoon. It’s always great to be back in Montréal, my hometown. And I could not be more pleased to be here with Joachim Nagel, President of the Deutsche Bundesbank. Thank you for visiting us in Canada. Since I’m on my home turf, let me start us off with a few words about where we find ourselves in economic history. Key lessons from high inflation Canada and Germany have just come through the biggest inflation we’ve experienced in 40 years. And as painful as this has been, it has highlighted some lessons. I will focus on three in the Canadian context. First, we ignore the supply-side of the economy at our peril. As central banks, we tend to focus on the demand side because that’s what we influence with interest rates. But coming out of the pandemic, we learned that it is much easier to restore demand than supply. High inflation was a stark reminder that supply shocks can cumulate and persist—and when they intersect with periods of strong demand, the inflationary consequences can be large. Looking ahead, technological change, geopolitical tensions, climate change, and shifting trade and investment flows all suggest we may experience more supply shocks than we did in the past. Businesses and central banks need to be ready. Second, inflation is painful—that’s not a new lesson, but for many of our citizens it was their first experience with high inflation. And it has been painful. Inflation harms people and the economy, and it corrodes trust in our market-based system. Th
- From dailyforex.com|31 min ago
I am bullish on bitcoin over the longer term, so if we get some type of pullback toward the $67,000 level, I will step in and start buying bitcoin, with a stop loss at the $65,000 level, and a target of $72,000 above. In other words, it is a “buy on the dips” market.The bitcoin market rallied quite nicely during the trading session on Wednesday, as we have ...
- From forex24.pro|1 hr 25 min ago
ETH/USD are trading at 3528 and continue to move as part of the development of a bearish correction and a bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the value of the ...
- From financemagnates.com|44 hr ago
Crypto.com has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). This approval will allow Crypto.com to expand its services in Ireland. These services include crypto-to-fiat exchanges and fiat wallets. The VASP license indicates that Crypto.com meets the standards for compliance procedures. This ...