Breaking News
Goldman Sachs has announced holdings of $2,360,000,000 in cryptocurrency. The breakdown includes: Bitcoin: $1,100,000,000, ETH: $1,000,000,000, XRP: $153,000,000, and SOL: $108,000,000.
12 mins ago
Trump to sign off scrapping of climate rules on Thursday: White House.
2 hours ago
Trump says he might send a second carrier to strike Iran if talks fail - Axios.
2 hours ago
Trump told Israel's Channel 12 on Iran: "Either we reach a deal or we'll have to do 'something very tough'."
2 hours ago
Federal Reserve's Hammack: The U.S. government is on an unsustainable fiscal path. Federal Reserve's Hammack: Watching for build-up of leverage in the treasury market.
3 hours ago
Fed official Hammack stated the federal reserve is prepared to hold rates and is closely monitoring the economy. He indicated the current rate is near neutral and policy could remain on hold “for quite some time.” Hammack expressed cautious optimism regarding growth, anticipating inflation to ease but remain elevated. He noted tariff risks and warned inflation could persist near 3% this year. The job market is stable, and both sides of the Fed’s mandate are under pressure.
3 hours ago
U.S. consumer loan delinquencies reached a near-decade high. Loan delinquencies in the U.S. rose to 4.8% of household debt in the fourth quarter, the highest level since 2017. This increase was primarily driven by low-income and young borrowers. Mortgage defaults surged in lower-income areas. Student-loan delinquencies hit a record 16.3%. Credit-card and auto loan delinquencies also climbed, reaching 12.7% and 5.2%, respectively. This trend highlights a split economy, even though overall debt rose modestly to $18.8 trillion.
4 hours ago
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