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  • Apr 24, 2025

Fed’s Hammack Says June Rate Move in Play If Data Is Clear

(Bloomberg) -- Federal Reserve Bank of Cleveland President Beth Hammack ruled out a May interest-rate cut but said the central bank could move as early as June if it has clear evidence of the economy’s direction.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe Racial Wealth Gap Is Not Just About MoneyTo Fuel Affordable Housing, This Innov

  • Apr 24, 2025

Cryptocurrency firm Tether raises Juventus stake to over 10%

ROME (Reuters) -Cryptocurrency firm Tether said on Thursday it had further raised its stake in Italian Serie A soccer club Juventus to over 10%. The world's fourth-largest cryptocurrency company first invested in February in Italy's most popular soccer club, which is controlled by the Agnelli family through their investment company Exor. "The investment reflects Tether's long-term commitment to Juventus' future and its confidence in the club's intrinsic value and growth potential," it added.

  • Apr 24, 2025

Fed's Hammack says time for Fed to be patient on policy - CNBC

NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack on Thursday called for patience on monetary policy amid high levels of uncertainty, and did not rule out monetary policy changes by June if the data suggested action was needed. “We'll be watching the data carefully and I enter every meeting with an open mind about whether it's a time that we should be continuing to be patient, or a time that we should take action,” Hammack said in an interview on CNBC. Hammack was addressing the outlook for a rate cut amid a very challenging policy environment.

  • Apr 24, 2025

Cryptocurrency campaigners call for Swiss central bank to hold bitcoin

BERN (Reuters) -Cryptocurrency campaigners have stepped up calls for the Swiss National Bank to buy bitcoin, saying the global economic turmoil triggered by U.S. President Donald Trump's tariffs made it more important for the central bank to diversify its reserves. Supporters launched a referendum campaign in December to change the Swiss constitution to require the SNB holds bitcoin in its reserves alongside gold. "Holding bitcoin makes more sense as the world shifts towards a multipolar order, where the dollar and the euro are weakening," said campaigner Luzius Meisser, a board member of cryptocurrency broker Bitcoin Suisse.

  • Apr 24, 2025

3 Hated Stocks in Hot Water

Hitting a new 52-week low can be a pivotal moment for any stock. These floors often mark either the beginning of a turnaround story or confirmation that a company faces serious headwinds.

  • Apr 24, 2025

3 Cash-Heavy Stocks Skating on Thin Ice

A surplus of cash can mean financial stability, but it can also indicate a reluctance (or inability) to invest in growth. Some of these companies also face challenges like stagnating revenue, declining market share, or limited scalability.

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