#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
Here Are the Details on the Latest Developments Regarding the FED Member Trump Tried to Remove from Office
The US Justice Department has rejected President Donald Trump's claims that he had the authority to fire Fed official Lisa Cook, arguing that her dismissal was “a pretext to pave the way for a rate cu...
Stephen Miran told the Senate he will take unpaid leave from the White House if confirmed to the Fed
Stephen Miran told the Senate Banking Committee on Thursday that he will take unpaid leave from his current role as chair of the White House Council of Economic Advisors if confirmed to the Federal Re...
S&P 500 closed at a record 6,502.08 after weak job data fueled bets on a September Fed rate cut
The S&P 500 closed at a record high on Thursday, ending the day at 6,502, up 0.83%, after a late-afternoon rally powered stocks across the board. Wall Street traders pushed through weaker-than-expecte...
Bank of America's analysts say that the US dollar could fall below fair value by 2026
The Bank of America analysts have raised an alarm that the US dollar, currently seen as overvalued, is inching toward fair value. According to them, the dollar could fall below fair value by 2026 due ...
Friedrich Merz’s 500-billion-euro recovery plan is stalling as reforms move too slowly
Friedrich Merz promised action when he became chancellor of Germany in May. He launched a 500-billion-euro spending package, pushed for economic reforms, and vowed to reignite growth in Europe’s large...
Fed Official Williams Stresses the Importance of Data in Upcoming Policy Decisions
Williams highlights data-driven policy tweaks amidst potential economic shifts. Key forecasts include GDP growth and inflation trends through 2027. Continue Reading: Fed Official Williams Stresses the...
Figma shares fell 18% after its first earnings report as a public company
Figma shares dropped by nearly 20% on Thursday, hitting their lowest level since the company’s IPO in July 2024, after reporting earnings for the first time since going public. The sharp decline dragg...
DOJ issues subpoenas to drag Fed board into Lisa Cook inquiry
The Justice Department has subpoenaed members of the Fed board as part of a criminal investigation into Lisa Cook, digging into allegations that she gave false information on mortgage applications, in...
Expect gold to hit $5,000 if Fed loses independence and investors dump Treasuries
Goldman Sachs is warning that gold could surge to $5,000 an ounce if the Federal Reserve loses its independence and investors pull just a fraction of their money from U.S. Treasuries into bullion. Acc...
Trump pushes US Supreme Court for expedited resolution to tariff question
Donald Trump’s administration asked the US Supreme Court on Wednesday to intervene in a legal battle threatening to pull down one of his headstrong foreign policy agendas, tariffs. A federal appeals c...
PMI Reports Signal Robust U.S. Economic Growth Despite Inflation Concerns
Macroeconomic data, like PMI reports, holds critical importance for cryptocurrency enthusiasts. U.S. Continue Reading: PMI Reports Signal Robust U.S. Economic Growth Despite Inflation Concerns The pos...
Unsettling Surge: US Jobless Claims Rise Above Forecast, What it Means for Crypto
BitcoinWorld Unsettling Surge: US Jobless Claims Rise Above Forecast, What it Means for Crypto The economic landscape is constantly shifting, and recent data on US jobless claims has certainly capture...
