• Mar 28, 2025

US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 592 in the week to March 28. Baker Hughes said this week's decline puts the total rig count down 29 rigs, or 5% below this time last year.

• Mar 28, 2025

Democrats Fear Trump’s Crypto Entity Will Pose Regulatory Conflict

Senators wrote to financial watchdogs to ask how they plan to oversee the Trump family’s cryptocurrency activities.

• Mar 28, 2025

Treasuries Soar Amid Mounting Economic Anxiety Into Quarter-End

(Bloomberg) -- Treasuries rallied after data suggested US economic growth is slowing, and falling US stock prices stoked demand for bonds. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe advance on Friday send yields across matur

• Mar 28, 2025

Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer

However, Susan Collins said the inflation could be short-lived.

• Mar 28, 2025

FDIC says banks can engage in crypto activities without prior approval

WASHINGTON (Reuters) -Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities. The Federal Deposit Insurance Corporation announced Friday that banks can engage in legally permitted activities, including those that involve cryptocurrency, without receiving prior regulatory approval and so long as they manage their risks appropriately. The move reverses previous FDIC policy, which required banks to clear any crypto activities in advance.

• Mar 28, 2025

Weak spending, sticky prices, rising inflation expectations a bad mix for Fed

WASHINGTON (Reuters) -The U.S. Federal Reserve's seemingly locked-in path to a soft landing, already roiled by the arrival of the Trump administration, may be growing even more complicated as evidence of consumer caution about spending starts to align with new inflation risks and another jump in inflation expectations. Consumer spending and inflation data for February accentuated the point, with spending near zero once adjusted for inflation and a key measure of inflation itself increasing. "No matter how you want to slice it, it's shaping up to be a very weak quarter for real spending, and it may end up being the weakest quarter since the depths of the (pandemic) lockdowns," Inflation Insights President Omair Sharif wrote.

• Mar 28, 2025

Tariff Policies Ramp Up Economic Concerns in March

Consumer sentiment fell again in March as inflation expectations moved higher and consumers expressed more anxiety about the labor market and future business conditions.

• Mar 28, 2025

TOKEN2049 Dubai nears sell-out as crypto’s biggest names boot up

With 30 days to go, TOKEN2049 Dubai gears up for a record-breaking return, expecting 15,000+ attendees, 200+ speakers, and 500+ side events across the city.

• Mar 28, 2025

Analyst says 'sticky inflation' could be bad for Bitcoin

Core PCE beats forecast at 2.8%, raising concerns over delayed Fed rate cuts—analysts warn this could pressure Bitcoin and broader crypto market sentiment.

• Mar 28, 2025

US extends Serbian oil firm NIS's sanctions waiver for 30 days, President Vucic says

BELGRADE (Reuters) -The United States Treasury has granted a second 30-day extension to the Serbian oil company NIS's sanctions waiver, Serbian President Aleksandar Vucic said on Friday. The introduction of sanctions could have resulted in crude supply cuts for NIS, which operates Serbia's only oil refinery, with an annual capacity of 4.8 million tons, and covers most of the Balkan country's fuel needs. It is majority-owned by Russia's Gazprom Neft and Gazprom.