El Salvador's Bukele Says Bitcoin Purchases Won't Stop Due to IMF Deal
A clause in the country's recently-completed IMF financing deal suggested a prohibition against El Salvador accumulating any additional bitcoin.
Trump tariff war wipes out Wall Street’s post-election gains
Wall Street’s flagship stock market has lost all its gains since the election of Donald Trump in November after the US imposed tariffs on its closest allies and China.
Stock market today: Dow sinks 650 points, S&P 500 wipes out post-election gains as Trump trade war intensifies
Investors weighed Canada and China's response to President Donald Trump's delivery of new tariffs
Bitcoin miners see losses as crypto market flounders
With the crypto market recording $1 billion in liquidations over the last 24 hours, Bitcoin miners are seeing stock prices plummet.
Fed’s Williams Says Tariffs Will Likely Boost US Inflation
(Bloomberg) -- Federal Reserve Bank of New York President John Williams said he anticipates tariffs will contribute to inflation, but emphasized there is a lot of uncertainty about how the economy will respond to President Donald Trump’s levies. Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS Tent Facility is Holding Migrant Families Longer Than Recommende
'Bond King' Bill Gross says he's scared to wake up and check the news each morning. He shares 4 stock picks with BI.
Billionaire investor Bill Gross told BI that he's worried about tariffs stoking inflation and choking growth, and recommended four defensive stocks.
Trump wants a strategic crypto reserve. Here's how that might work
President Trump has unveiled a new proposal for a strategic crypto reserve, shifting his focus from a Bitcoin-only reserve to a more diversified approach. His plan involves a reserve comprising Bitcoin — often dubbed “digital gold” for its inflation-hedging properties — alongside Ether, XRP, Solana, and Cardano.
What Trump's tariffs mean for markets
The tariff move by U.S. President Donald trump fueled investor worries about the impact on the economy, and also weakened the dollar as investors moved into safe haven Treasuries, pushing yields lower. The Dow Jones Industrial Average unofficially closed down 1.63%, the S&P 500 down 1.3% and the Nasdaq Composite, down 0.34%.
Parts of US Treasury market show concern about Fed rate-cutting pause
Parts of the U.S. Treasury yield curve are reflecting increasing concerns that the Federal Reserve will wait too long before resuming interest rate cuts as economic growth slows. The spread between yields of two-year and five-year notes is trading at around 3 basis points after very briefly turning negative last week for the first time since mid-December. This part of the curve is worth watching because durable inversions have preceded major economic contractions and stock market declines for the past 35 to 40 years, said Tom Fitzpatrick, head of global market insights at R.J. O'Brien.
Turnaround Tuesday Sees Crypto and Stocks Bounce Sharply From Worst Levels
Having sunk to as low as $81,500 earlier in the session, bitcoin (BTC) climbed above $88,000.