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2 days ago
Billionaire who sold two companies to Coca-Cola says he tries to convince people not to become entrepreneurs: ‘Every single day, you can go bankrupt’
Mike Repole, the billionaire entrepreneur who co-founded and sold beverage giants Glaceau and BodyArmor to Coca-Cola for a combined $9.7 billion, has an unexpected message for aspiring business owners: Don’t do it.
In an interview with The School of Hard Knocks, a popular social-media channel known for interviewing wealthy entrepreneurs, Repole shared his contrarian view on entrepreneurship, emphasizing the brutal realities that most success
Mike Repole, the billionaire entrepreneur who co-founded and sold beverage giants Glaceau and BodyArmor to Coca-Cola for a combined $9.7 billion, has an unexpected message for aspiring business owners: Don’t do it.
In an interview with The School of Hard Knocks, a popular social-media channel known for interviewing wealthy entrepreneurs, Repole shared his contrarian view on entrepreneurship, emphasizing the brutal realities that most success
2 days ago
Earlier this week, Norway’s Norges Bank Investment Management backed all five of Metaplanet’s bitcoin-focused capital restructuring proposals ahead of the December 22 Extraordinary General Meeting, including plans for share buybacks, dividends, and new preferred share issuance to raise US$150 million from institutional investors.
This support from one of the world’s largest sovereign wealth funds highlights growing institutional interest in Metaplanet’s bitcoin accumulation model and its unconventional balance sheet plans.
Next, we’ll examine how Norges Bank’s endorsement and Metaplanet’s pu
This support from one of the world’s largest sovereign wealth funds highlights growing institutional interest in Metaplanet’s bitcoin accumulation model and its unconventional balance sheet plans.
Next, we’ll examine how Norges Bank’s endorsement and Metaplanet’s pu
2 days ago
A star becoming a black hole happens in the same way as Ernest Hemingway described going bankrupt: “First it happens gradually, then all at once.” The gradual part of the process can take a lot longer than the time it takes to drain a bank account—billions of years in some cases. That’s why astronomers were puzzled when they found evidence that supermassive black holes existed less than a billion years after the Big Bang.
In order for the timeframe to make sense, the stars that collapsed to form these black holes would’ve had to have been gargantuan—1,000 to 10,000 more massive than our sun.
In order for the timeframe to make sense, the stars that collapsed to form these black holes would’ve had to have been gargantuan—1,000 to 10,000 more massive than our sun.
2 days ago
Trump launches flurry of attention-grabbing moves as polls show his approval slipping
(Bloomberg) -- Bonus checks. New holidays. A return to the moon.
In the span of less than 24 hours, President Donald Trump unveiled a series of initiatives with widespread appeal — with promises of more to come — as he also contends with falling popularity and economic uncertainty.
Most Read from Bloomberg
Hudson Tunnel Digging Work to Start as Boring Machines Ready
NYC High Line-Area Building Floats $53 Million Bankruptcy Sale
https://www.yahoo.com/fina...
(Bloomberg) -- Bonus checks. New holidays. A return to the moon.
In the span of less than 24 hours, President Donald Trump unveiled a series of initiatives with widespread appeal — with promises of more to come — as he also contends with falling popularity and economic uncertainty.
Most Read from Bloomberg
Hudson Tunnel Digging Work to Start as Boring Machines Ready
NYC High Line-Area Building Floats $53 Million Bankruptcy Sale
https://www.yahoo.com/fina...
2 days ago
Scammers drained $700,000 from NYC grandma's accounts. Now she's suing the banks.
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
The fraud started in August 2023 as fear dressed up as urgency. Pop-up warnings began flashing across 86-year-old Nina Mortellito’s computer screen, claiming her bank accounts had been hacked. What followed was a months-long tale of manipulation that ultimately drained her of $700,000 — her entire life savings.
According to a lawsuit filed against Merrill Lynch in Manhattan Supreme Court, the Upper East Side re
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
The fraud started in August 2023 as fear dressed up as urgency. Pop-up warnings began flashing across 86-year-old Nina Mortellito’s computer screen, claiming her bank accounts had been hacked. What followed was a months-long tale of manipulation that ultimately drained her of $700,000 — her entire life savings.
According to a lawsuit filed against Merrill Lynch in Manhattan Supreme Court, the Upper East Side re
15 days ago
Bitcoin may be holding slightly below $90,000, but data imply that the $100K year-end target is still alive as ****** ysts point out that three Bitcoin Price Prediction indicators are flashing a green signal.
The first and most critical driver is the shift in Federal Reserve monetary policy.
After months of reducing liquidity through quantitative tightening, where the central bank stopped reinvesting proceeds from maturing bonds and Treasury holdings, the Fed ended this program on December 1.
Markets are now positioning for an easing cycle.
https://cryptonews.com/new...
The first and most critical driver is the shift in Federal Reserve monetary policy.
After months of reducing liquidity through quantitative tightening, where the central bank stopped reinvesting proceeds from maturing bonds and Treasury holdings, the Fed ended this program on December 1.
Markets are now positioning for an easing cycle.
https://cryptonews.com/new...
16 days ago
Bitcoin's greatest bull runs have, in the past, coincided with a low federal funds rate.
The Federal Reserve could soon cut that interest rate again.
This is just one of many factors affecting Bitcoin, but it's a big one.
10 stocks we like better than Bitcoin ›
In every market, price is one of the main signals, and for the U.S. dollar itself, that signal is the federal funds rate, which is the short-term interest rate the Federal Reserve targets for overnight lending between banks. As you've probably heard, the Fed's target influences a wide spectrum of borrowing costs, from corporate cred
The Federal Reserve could soon cut that interest rate again.
This is just one of many factors affecting Bitcoin, but it's a big one.
10 stocks we like better than Bitcoin ›
In every market, price is one of the main signals, and for the U.S. dollar itself, that signal is the federal funds rate, which is the short-term interest rate the Federal Reserve targets for overnight lending between banks. As you've probably heard, the Fed's target influences a wide spectrum of borrowing costs, from corporate cred
16 days ago
JPMorgan **** ysts say the near-term direction of Bitcoin’s price now depends less on miner behavior and more on the financial resilience of Strategy, the world’s largest corporate holder of Bitcoin, even as mining pressure and market volatility persist.
In a report led by managing director Nikolaos Panigirtzoglou, the bank identified two forces currently weighing on Bitcoin. The first is a recent decline in Bitcoin’s network hashrate and mining difficulty.
The second is the growing market focus on Strategy’s balance sheet and its ability to avoid selling its Bitcoin holdings during the ongo
In a report led by managing director Nikolaos Panigirtzoglou, the bank identified two forces currently weighing on Bitcoin. The first is a recent decline in Bitcoin’s network hashrate and mining difficulty.
The second is the growing market focus on Strategy’s balance sheet and its ability to avoid selling its Bitcoin holdings during the ongo
17 days ago
Visa has entered into a collaboration with the Central Bank of Syria and other financial authorities for a strategic roadmap implementation aimed at Syria digital payments integration.
The initiative is designed to support Syria’s entry into the global digital economy, with Visa launching operations in the country and introducing a phased digitisation plan for the payments sector.
The initial focus will involve collaborating with licenced financial institutions to establish a secure payments infrastructure.
This will include the issuance of payment cards and the introduction of digital wall
The initiative is designed to support Syria’s entry into the global digital economy, with Visa launching operations in the country and introducing a phased digitisation plan for the payments sector.
The initial focus will involve collaborating with licenced financial institutions to establish a secure payments infrastructure.
This will include the issuance of payment cards and the introduction of digital wall
17 days ago
Bitcoin held just under $92,000 on Friday as traders weighed a heavy mix of labour data, central bank bets and choppy equity markets in Asia, Europe and the US.
Akshat Siddhant, lead quant ****** yst at Mudrex, said the crypto market continues to display strong resilience.
“Renewed whale accumulation is supporting the trend, as ETH whales have added over 450,000 ETH since mid-November, with BTC whales showing similar activity.”
“Even with the US labour market displaying solid strength, the odds for a rate cut this month stand at 93%, contributing to the buying pressure. A clear move above $
Akshat Siddhant, lead quant ****** yst at Mudrex, said the crypto market continues to display strong resilience.
“Renewed whale accumulation is supporting the trend, as ETH whales have added over 450,000 ETH since mid-November, with BTC whales showing similar activity.”
“Even with the US labour market displaying solid strength, the odds for a rate cut this month stand at 93%, contributing to the buying pressure. A clear move above $
17 days ago
A 'K-shaped' economy is emerging: What that could mean for 2026
A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Y
A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Y
17 days ago
RBC thinks the US is on track for "stagflation lite" in 2026.
Stagflation is a dreaded economic scenario in which inflation runs hot while economic growth slows.
The bank pointed to factors like high housing costs and tariffs, which suggest stagflation is looming
The worst-case scenario for the US economy could be a looming reality in 2026.
RBC flagged the likelihood of stagflation in 2026 as the economy looks poised to post below-trend growth while inflation runs "uncomfortably" hot.
https://finance.yahoo.com/...
Stagflation is a dreaded economic scenario in which inflation runs hot while economic growth slows.
The bank pointed to factors like high housing costs and tariffs, which suggest stagflation is looming
The worst-case scenario for the US economy could be a looming reality in 2026.
RBC flagged the likelihood of stagflation in 2026 as the economy looks poised to post below-trend growth while inflation runs "uncomfortably" hot.
https://finance.yahoo.com/...
17 days ago
NFL Week 14 picks: Texans bury Chiefs as multiple underdogs pull outright upsets
We are in the home stretch. The calendar has flipped to December, the holiday lights are up, and our bank accounts are reeling thanks to all the Christmas shopping we have on deck. In lockstep with all the craziness of the holiday season, we're in the nitty-gritty of the NFL campaign. As we move into the final full month of the regular season, each game carries with it massive stakes, as one wrong move could result in contenders falling out of the playoffs entirely. It truly is a magical time of the year.
As w
We are in the home stretch. The calendar has flipped to December, the holiday lights are up, and our bank accounts are reeling thanks to all the Christmas shopping we have on deck. In lockstep with all the craziness of the holiday season, we're in the nitty-gritty of the NFL campaign. As we move into the final full month of the regular season, each game carries with it massive stakes, as one wrong move could result in contenders falling out of the playoffs entirely. It truly is a magical time of the year.
As w
17 days ago
A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Yahoo Finance during the firm’s 2026 outlook call this week. “Our vi
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Yahoo Finance during the firm’s 2026 outlook call this week. “Our vi
18 days ago
Bitcoin held near $93,000 in Asian trading on Thursday, while regional stocks made a lacklustre start as soft US data reinforced expectations that the Federal Reserve will cut interest rates next week.
Nic Puckrin, investment **** yst and co-founder of The Coin Bureau, said Bitcoin has staged a “remarkable recovery” over the past day as a “perfect storm of good news” swung momentum back toward the bulls.
He pointed to Vanguard lifting its long-standing ban on Bitcoin ETFs, Bank of America recommending a 1% to 4% crypto allocation that could channel as much as $700b into the **** et class, an
Nic Puckrin, investment **** yst and co-founder of The Coin Bureau, said Bitcoin has staged a “remarkable recovery” over the past day as a “perfect storm of good news” swung momentum back toward the bulls.
He pointed to Vanguard lifting its long-standing ban on Bitcoin ETFs, Bank of America recommending a 1% to 4% crypto allocation that could channel as much as $700b into the **** et class, an
18 days ago
Bitcoin held near $93,000 in Asian trading on Thursday, while regional stocks made a lacklustre start as soft US data reinforced expectations that the Federal Reserve will cut interest rates next week.
Nic Puckrin, investment ******* yst and co-founder of The Coin Bureau, said Bitcoin has staged a “remarkable recovery” over the past day as a “perfect storm of good news” swung momentum back toward the bulls.
He pointed to Vanguard lifting its long-standing ban on Bitcoin ETFs, Bank of America recommending a 1% to 4% crypto allocation that could channel as much as $700b into the ******* et cla
Nic Puckrin, investment ******* yst and co-founder of The Coin Bureau, said Bitcoin has staged a “remarkable recovery” over the past day as a “perfect storm of good news” swung momentum back toward the bulls.
He pointed to Vanguard lifting its long-standing ban on Bitcoin ETFs, Bank of America recommending a 1% to 4% crypto allocation that could channel as much as $700b into the ******* et cla
20 days ago
Kazakhstan’s central bank has signaled plans to place up to $300 million into crypto and crypto-linked ***** ets, a move that...
比特幣在經歷數次劇烈震盪後，於當前價格區間呈現出越來越多的建構性跡象。若把視野拉到 2026 年，市場正有兩股力量同步推高 BTC 再攻 10 萬美元的機率：一是以巨鯨（ whales ）為代表的長期...
Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep...
https://www.newsbtc.com/ne...
比特幣在經歷數次劇烈震盪後，於當前價格區間呈現出越來越多的建構性跡象。若把視野拉到 2026 年，市場正有兩股力量同步推高 BTC 再攻 10 萬美元的機率：一是以巨鯨（ whales ）為代表的長期...
Bitcoin price started a fresh decline from $92,000. BTC is down over 5% and the bulls are struggling to keep...
https://www.newsbtc.com/ne...
20 days ago
Bank of America (BAC) says its wealth management clients should start thinking about getting some crypto exposure in their portfolios.
The firm is endorsing a 1%-4% allocation to digital ***** ets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January.
"For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital ***** ets could be appropriate," Chris Hyzy, chief investment officer at Bank of America Private
The firm is endorsing a 1%-4% allocation to digital ***** ets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January.
"For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital ***** ets could be appropriate," Chris Hyzy, chief investment officer at Bank of America Private
20 days ago
As inflation and interest rates rise, many Americans are trying to save more — but keeping too much cash in low-interest accounts could be quietly costing them.
Be Aware: Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?
Read Next: 9 Low-Effort Ways To Make Passive Income (You Can Start This Week)
“Cash parked in low-yield savings or in low-yield checking accounts effectively erodes in real value,” said Gabe Krajieck, CEO of Kasasa, a financial services and tech provider for community banks and credit unions. “While the dollar amount remains static, th
Be Aware: Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?
Read Next: 9 Low-Effort Ways To Make Passive Income (You Can Start This Week)
“Cash parked in low-yield savings or in low-yield checking accounts effectively erodes in real value,” said Gabe Krajieck, CEO of Kasasa, a financial services and tech provider for community banks and credit unions. “While the dollar amount remains static, th
20 days ago
Key Takeaways
The sudden plunge erased billions in market value and triggered heavy liquidations.
Analysts pointed to the Bank of ****** an’s signals of a possible December rate hike and the weakening yen.
Bitcoin may retest support around $82,622 if the decline continues, ****** ysts said.
Bitcoin tumbled 5% in a matter of hours on Sunday, igniting a wave of speculation among traders who say the scale and speed of the drop defy any clear macro trigger.
https://finance.yahoo.com/...
The sudden plunge erased billions in market value and triggered heavy liquidations.
Analysts pointed to the Bank of ****** an’s signals of a possible December rate hike and the weakening yen.
Bitcoin may retest support around $82,622 if the decline continues, ****** ysts said.
Bitcoin tumbled 5% in a matter of hours on Sunday, igniting a wave of speculation among traders who say the scale and speed of the drop defy any clear macro trigger.
https://finance.yahoo.com/...
20 days ago
Dow Jones Top Markets Headlines at 5 AM ET: Global Markets Slip Amid Risk...
Global Markets Slip Amid Risk Aversion
U.S. futures and international equities markets started the week lower and bond yields rose as investors shifted away from risky ***** ets.
----
Rate Hikes Wouldn't Put Brakes on ***** an's Economy, BOJ's Ueda Says
The Bank of ***** an will thoroughly discuss the possibility of an interest-rate increase at its coming meeting, Gov. Kazuo Ueda said, stoking hopes for a resumption of monetary tightening this year.
https://www.morningstar.co...
Global Markets Slip Amid Risk Aversion
U.S. futures and international equities markets started the week lower and bond yields rose as investors shifted away from risky ***** ets.
----
Rate Hikes Wouldn't Put Brakes on ***** an's Economy, BOJ's Ueda Says
The Bank of ***** an will thoroughly discuss the possibility of an interest-rate increase at its coming meeting, Gov. Kazuo Ueda said, stoking hopes for a resumption of monetary tightening this year.
https://www.morningstar.co...
21 days ago
Spot Bitcoin ETFs (exchange-traded funds) are one of the biggest narratives and have been a game-changer in the cryptocurrency ***** e...
De Amerikaanse centrale bank heeft deze week rond $2,7 miljard extra liquiditeit het systeem in geduwd. In eerdere cycli volgden...
The Layer 1 blockchain Monad has grabbed the headlines in the past few days following its successful launch earlier last...
https://www.newsbtc.com/ne...
De Amerikaanse centrale bank heeft deze week rond $2,7 miljard extra liquiditeit het systeem in geduwd. In eerdere cycli volgden...
The Layer 1 blockchain Monad has grabbed the headlines in the past few days following its successful launch earlier last...
https://www.newsbtc.com/ne...
21 days ago
Japan's 2-year government bond yield surged to 1% on December 1, its highest since 2008. Bank of ***** an Governor Kazuo Ueda signaled a possible interest rate hike at the December 18-19 monetary policy meeting, sending ripples through global financial markets.
This development could mark the end of three decades of ultra-low interest rates that fueled the yen carry trade. As borrowing costs rise and the yen strengthens, global markets now brace for significant deleveraging across ***** et classes.
Japan’s bond market moved sharply following Ueda's recent statements. The 2-year note yield ro
This development could mark the end of three decades of ultra-low interest rates that fueled the yen carry trade. As borrowing costs rise and the yen strengthens, global markets now brace for significant deleveraging across ***** et classes.
Japan’s bond market moved sharply following Ueda's recent statements. The 2-year note yield ro
21 days ago
Kazakhstan’s central bank is weighing a plan to invest up to $300 million in cryptocurrency ******* ets.
On November 28, Timur Suleimenov, chairman of the National Bank of Kazakhstan, said the bank could allocate funds from the National Fund and its foreign-exchange reserves into crypto.
However, he emphasized that the full amount may not be used.
"In the first stage, we'll be managing gold and foreign exchange reserves. This is the same money that needs to be managed. Some of it is in gold, some in securities. Within this portfolio, a separate portfolio has already been created, focusing o
On November 28, Timur Suleimenov, chairman of the National Bank of Kazakhstan, said the bank could allocate funds from the National Fund and its foreign-exchange reserves into crypto.
However, he emphasized that the full amount may not be used.
"In the first stage, we'll be managing gold and foreign exchange reserves. This is the same money that needs to be managed. Some of it is in gold, some in securities. Within this portfolio, a separate portfolio has already been created, focusing o
21 days ago
ACC tiebreaker scenarios: How Virginia, Duke reached **** le game
Greenville News
Editor's Note: This story has been updated with new information to reflect Virginia and Duke clinching a spot in the ACC championship game.
For much of the college football season, the ACC standings have been clustered with numerous teams tied for first place in the standings.
It was only fitting, then, that the ACC championship game matchup wasn't set until after Week 14.
Six teams entered Week 14 in contention for a spot in the conference championship game in Charlotte at Bank of America Stadium going in
Greenville News
Editor's Note: This story has been updated with new information to reflect Virginia and Duke clinching a spot in the ACC championship game.
For much of the college football season, the ACC standings have been clustered with numerous teams tied for first place in the standings.
It was only fitting, then, that the ACC championship game matchup wasn't set until after Week 14.
Six teams entered Week 14 in contention for a spot in the conference championship game in Charlotte at Bank of America Stadium going in
22 days ago
The boom in metal-intensive technologies like data centers and electric vehicles has made it a prime time to be in the US aluminum business.
Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum.
No wonder demand is high.
But data centers guzzle enormous amounts of power, and electricity prices are skyrocketing. In the US alone, electricity demand is expected to grow five to 10 times faster over the next 10 years than it did in the previous decade, per Bank of America.
For
Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum.
No wonder demand is high.
But data centers guzzle enormous amounts of power, and electricity prices are skyrocketing. In the US alone, electricity demand is expected to grow five to 10 times faster over the next 10 years than it did in the previous decade, per Bank of America.
For
25 days ago
JPMorgan's (JPM) top stock market strategists think 2026 will be another good year for US investors.
The firm's equity strategy team, led by Dubravko Lakos-Bujas, set a year-end price target of 7,500 for the S&P 500 (^GSPC) in 2026.
Should the Federal Reserve continue cutting interest rates, however, the bank thinks the S&P 500 could surpass 8,000 in the year ahead.
"Despite AI bubble and valuation concerns, we see current elevated multiples correctly anticipating above-trend earnings growth, an AI capex boom, rising shareholder payouts, and easier fiscal policy (i.e. [One Big Beautiful Bil
The firm's equity strategy team, led by Dubravko Lakos-Bujas, set a year-end price target of 7,500 for the S&P 500 (^GSPC) in 2026.
Should the Federal Reserve continue cutting interest rates, however, the bank thinks the S&P 500 could surpass 8,000 in the year ahead.
"Despite AI bubble and valuation concerns, we see current elevated multiples correctly anticipating above-trend earnings growth, an AI capex boom, rising shareholder payouts, and easier fiscal policy (i.e. [One Big Beautiful Bil
26 days ago
Justin Tallis / AFP via Getty Images
The leading cryptocurrency recently changed hands at around $88,000, recovering from recent lows near 82,000.
The price of bitcoin has rebounded as investors have broadly been willing to take on more risk in recent sessions.
Deutsche Bank **** ysts on Monday acknowledged the effect that concerns about hawkish Fed policy and risk-off sentiment have likely had on bitcoin's price.
Bitcoin isn't back—but it's bouncing a bit.
https://finance.yahoo.com/...
The leading cryptocurrency recently changed hands at around $88,000, recovering from recent lows near 82,000.
The price of bitcoin has rebounded as investors have broadly been willing to take on more risk in recent sessions.
Deutsche Bank **** ysts on Monday acknowledged the effect that concerns about hawkish Fed policy and risk-off sentiment have likely had on bitcoin's price.
Bitcoin isn't back—but it's bouncing a bit.
https://finance.yahoo.com/...
26 days ago
Markets react as Trump signals Hassett may be his pick to lead Fed after Powell
(Bloomberg) -- White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank, the people said, speaking on the condition of anonymity. Hassett is seen as someone
(Bloomberg) -- White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.
With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank, the people said, speaking on the condition of anonymity. Hassett is seen as someone
27 days ago
Bitcoin faces mixed signals after $1.9 billion in crypto fund outflows, with late-week inflows hinting at renewed optimism. Despite heavy withdrawals from Bitcoin and Solana funds, XRP’s resilience and Asia’s growing IPO momentum, led by Bitkub’s Hong Kong listing plans, signal improving regional sentiment.
As banks like JPMorgan tighten controls, Bitcoin’s self-custodial appeal grows, strengthening its long-term narrative amid short-term volatility.
According to CoinShares, cryptocurrency investment funds had another difficult week, with $1.94 billion in withdrawals, bringing the total over
As banks like JPMorgan tighten controls, Bitcoin’s self-custodial appeal grows, strengthening its long-term narrative amid short-term volatility.
According to CoinShares, cryptocurrency investment funds had another difficult week, with $1.94 billion in withdrawals, bringing the total over
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