Heavyweight hedge fund Elliott reportedly says Trump administration driving a crypto frenzy
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Elliott warns White House is inflating crypto bubble that ‘could wreak havoc’
Supporting digital assets that could marginalise the dollar is ‘dangerous’, investor letter saysFinancial Times - 21h -
Trump administration orders federal funding freeze on loans, grants and more aid
The freeze could have wide-ranging implications, with the White House noting that $3 trillion was spent in 2024 on federal assistance programs.CBS News - 2d -
Trump administration targets thousands of programs in funding freeze
A new memo from the Office of Management and Budget reveals the potential scope of the Trump administration's plans to freeze federal funding.Politico - 2d -
Republicans reportedly ready to cut Medicaid funding to pay for Trump plans
House and Senate Republicans float ideas to pay for Trump’s immigration crackdown and to fund tax cuts. US politics – live updates Republicans are reportedly prepared to cut Medicaid funding ...The Guardian - Jan. 23 -
Trump's crypto-frenzied inauguration weekend makes first family billions of dollars richer
Donald Trump launched a meme coin Friday night, while many of his backers were partying at the Crypto Ball in Washington, D.C.CNBC - Jan. 20 -
Trump's inauguration will usher in a crypto-friendly administration, and with it, new state policies
The bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses could bring a cryptocurrency policy blitz in 2025ABC News - Jan. 20 -
Cattle Gallstones, Worth Twice as Much as Gold, Drive a Global Smuggling Frenzy
A prized ingredient in China’s multibillion-dollar industry for traditional medicine, gallstones have become the must-have item among underground traders and armed robbers in Brazil.The Wall Street Journal - Jan. 19 -
Bitcoin gains as Trump reportedly plans crypto executive order
Bitcoin rejoined the crypto rally amid reports that President-elect Donald Trump could release an executive order on crypto as soon as day 1.CNBC - Jan. 18 -
Hedge funds Citadel and Millennium gain 15% in 2024
Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industryFinancial Times - Jan. 2
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Happy holidays: Consumer spending surges again and keeps U.S. economy in overdrive
The year-end splurge drove a 4.2% advance in consumer spending in the fourth quarter — the biggest gain in almost two years.MarketWatch - 6m -
Intel’s forecast missed by a mile. Here’s why the stock is rising anyway.
Some analysts say the outlook looks conservative. Another says investors are “likely growing numb to the company’s travails.”MarketWatch - 20m -
Tariff shock ahead? This is the trade to make before the weekend headlines hit.
Investors aren’t sure if President Trump will formally apply import penalties or notMarketWatch - 25m -
Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.
The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further from its inflation goal and reducing the chance of another reduction in ...MarketWatch - 40m -
Wages and benefits for American workers accelerate slightly in fourth quarter
The labor market is no longer a source of inflation pressures, but economists continue to watch the data closely.MarketWatch - 47m
More in Business
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Happy holidays: Consumer spending surges again and keeps U.S. economy in overdrive
The year-end splurge drove a 4.2% advance in consumer spending in the fourth quarter — the biggest gain in almost two years.MarketWatch - 6m -
Chevron calls Gulf of Mexico the Gulf of America in earnings release after Trump order
Trump signed an executive order on Jan. 20 to rename the Gulf of Mexico as the Gulf of America.CNBC - 7m -
Nvidia boss Huang set to meet Trump at White House
Meeting had been arranged before recent news about advances in artificial intelligence by China’s DeepSeekFinancial Times - 11m -
F.C.C. Chair Orders Investigation Into NPR and PBS Sponsorships
Brendan Carr, the chairman of the Federal Communications Commission, said the inquiry could help Congress decide whether to continue funding local stations.The New York Times - 11m -
Atlassian hits 52-week high after reporting better-than-expected earnings, revenue outlook
Atlassian benefited from robust cloud and data center growth during the period as more customers turned to artificial intelligence solutions.CNBC - 13m